NOT LISTED FOR SALE

314 E Emerson Ave Monterey Park, CA 91755

Estimated Value: $1,661,000 - $2,154,000

9 Beds
5 Baths
4,164 Sq Ft
$446/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $1,780,000 $427 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $11,759/month

10 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Carpet
  • Repetto Elementary School Rated A-
  • Brick Fence
  • Gravity Heating System

About This Home

As of October 2023

Hard to find quadplex in a convenient location to shops, restaurants, and schools. The front detached stand alone house consists of 3 bedrooms and 1.75 baths with its own fenced front yard and porch. The back two-story building is comprised of three - 2 bedroom 1.5 bathroom units. Currently, Unit B is vacant and has been cosmetically updated with new paint, new laminate floor and carpeting. There is a large carport for 5 cars and 2 additional parking spaces. Do not walk on the property or disturb tenants, drive by only. All leases are month to month and offer upside potential.

Last Agent to Sell the Property

Yennis Wong

Berkshire Hathaway Home Servic License #01344042 Listed on: 09/16/2023

Berkshire Hathaway Home Servic

Last Buyer's Agent

Matt McIntyre

Berkshire Hathaway HomeServices California Properties License #01844466

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,709

Year Built

  • Built in 1962

Lot Details

  • 10,338 Sq Ft Lot
  • 1 Common Wall
  • Brick Fence
  • Chain Link Fence
  • No Sprinklers

Home Design

  • Quadruplex

Interior Spaces

  • 4,164 Sq Ft Home
  • 2-Story Property
  • Range Hood
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 7 Parking Spaces
  • 5 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System

Listing and Financial Details

  • Tax Tract Number 481
  • Assessor Parcel Number 5255019015

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,680
  • Insurance Expense $4,829
  • Maintenance Expense $3,000
  • Trash Expense $4,300
  • Operating Expense $13,809
  • Gross Income $64,788
  • Net Operating Income $50,979

Additional Features

  • 2 Buildings
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,709

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 5255019015
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Price Per Square Foot: 324.21

Exterior Features

  • Fence: Yes
  • Fencing: Brick, Chain Link
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Range Hood
  • Heating Type: Gravity
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 4300.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 10338.00
  • Lot Size Acres: 0.2373

Multi Family

  • Average2 Bed Area: 977 Square Feet
  • Average3 Bed Area: 1235 Square Feet
  • Gross Income: 64788.00
  • Gross Scheduled Income: 64788.00
  • Insurance Expense: 4829.00
  • Lot Size Area: 10338.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 50979.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Operating Expense: 13809.00
  • Rent Control: No
  • Total Expenses: 13809.00

Tax Info

  • Tax Tract Number: 481...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2025
Sold by
Liu Qingping
Bought by
Qingping Liu Revocable Trust and Liu
Current Estimated Value
$1,858,033

Purchase Details

Listed on
Sep 16, 2023
Closed on
Oct 3, 2023
Sold by
Terrance Wong Family Trust
Bought by
Liu Qingping
Seller's Agent
Yennis Wong
Berkshire Hathaway Home Servic
Buyer's Agent
Matt McIntyre
Berkshire Hathaway HomeServices California Properties
List Price
$1,350,000
Sold Price
$1,780,000
Premium/Discount to List
$430,000
31.85%
Views
924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.03%
Original Mortgage
$600,000
Interest Rate
7.23%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 6, 2019
Sold by
Wong Terrance Leslie
Bought by
Wong Terrance Leslie and Terrance Wong Family Trust

Purchase Details

Closed on
Oct 16, 2004
Sold by
Wong Sun Kuen and The Testamentary Trust Of Hong
Bought by
Wong Terrance

Purchase Details

Closed on
Aug 8, 2003
Sold by
Ong Vincent
Bought by
Ong Vincent and Ong Linh
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Qingping Liu Revocable Trust -- None Listed On Document
Liu Qingping $1,780,000 Lawyers Title Company
Wong Terrance Leslie -- None Available
Wong Terrance -- --
Ong Vincent -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Liu Qingping $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2023 10/10/23 Sold $1,780,000 0.0% $427 / Sq Ft
09/25/2023 09/25/23 Pending -- -- --
09/24/2023 09/24/23 Off Market $1,780,000 -- --
09/15/2023 09/15/23 For Sale $1,350,000 -- $324 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,709 $1,815,600 $1,224,000 $591,600
2024 $23,709 $1,780,000 $1,200,000 $580,000
2023 $17,103 $1,259,386 $750,274 $509,112
2022 $16,307 $1,234,693 $735,563 $499,130
2021 $16,108 $1,210,485 $721,141 $489,344
2020 $16,016 $1,198,074 $713,747 $484,327
2019 $15,543 $1,174,583 $699,752 $474,831
2018 $15,468 $1,151,553 $686,032 $465,521
2016 $14,312 $1,106,840 $659,394 $447,446
2015 $14,091 $1,090,215 $649,490 $440,725
2014 $13,904 $1,068,860 $636,768 $432,092
Source: Public Records

Agents Affiliated with this Home

  • Yennis Wong

    Seller's Agent in 2023

    Yennis Wong

    Berkshire Hathaway Home Servic

    (626) 316-3318

    4 in this area

    41 Total Sales

    Yennis Wong
    Section Image
  • Matt McIntyre

    Buyer's Agent in 2023

    Matt McIntyre

    Berkshire Hathaway HomeServices California Properties

    (626) 437-3643

    2 in this area

    80 Total Sales

    Matt McIntyre
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-15084

Pasadena-Foothills Association of REALTORS®

APN: 5255-019-015

California Los Angeles County Monterey Park 91755

314 E Emerson Ave, Monterey Park, CA

Not Listed for Sale

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