Justin Quemada
RE/MAX TOP PRODUCERS
(626) 653-4279
51 Total Sales
1 in Montebello
$985,000 Price
315 S Bluff Rd Montebello, CA 90640
Montebello Area
8
Beds
7
Baths
17,110
Sq Ft
0.76
Acre Lot
Highlights
- 0.76 Acre Lot
- 18 Detached Carport Spaces
- Laundry Facilities
- Cooling System Mounted To A Wall/Window
- 2 Car Garage
About This Home
As of July 2019This investment opportunity consists of a two-story garden apartment complex with 4 buildings and contains 20 units constructed in 1972. This building is approximately 17,110 square feet situated on approximately 35,182 square feet of land. All buildings have pitched roofs. Unit Mix is comprised of 2- 3 bedroom + 2 bathroom townhouses, 7- 2 bedroom + 1-3/4 bathroom, 5- 2 bedroom + 1.5 bathroom townhouses and 6- 1 bedroom + 1 bathroom units. Units have gas wall heaters and in-wall or window electric air conditioning units.
The building amenities consist of laundry room with two washing machines and two dryer’s, and on-site parking for 41 cars. The property is separately metered for gas and electric.
Rents are currently below market offering upside potential of approximately 8%. The City of Montebello currently does not have a rent control ordinance.
The property is located in the Southeast section of the City of Montebello. The property is within three miles of the Pomona (60) Freeway, the Santa Ana (5) Freeway, and the San Gabriel River (605) Freeway. All provide access from Montebello to various areas of Los Angeles County and beyond. Conveniently located to grocery stores, pharmacies, libraries, parks and shopping.
Last Agent to Sell the Property
Citadel Ventures, Inc. License #00857322 Listed on: 04/16/2019
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 33,182 Sq Ft Lot
- Two or More Common Walls
- Irregular Lot
Parking
- 2 Car Garage
- 21 Open Parking Spaces
- 18 Detached Carport Spaces
- Parking Available
- Driveway Down Slope From Street
Home Design
- Property Attached
Interior Spaces
- 17,110 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Natural Gas Connected
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 5
- Tax Tract Number 21792
- Assessor Parcel Number 6349031012
Community Details
Overview
- 4 Buildings
- 20 Units
Amenities
- Laundry Facilities
Building Details
- 20 Leased Units
- 21 Separate Electric Meters
- 21 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,790
- Fuel Expense $4,472
- Gardener Expense $4,500
- Insurance Expense $6,570
- Maintenance Expense $39,003
- Other Expense $3,096
- Professional Management Expense $17,237
- Trash Expense $4,999
- Water Sewer Expense $10,127
- New Taxes Expense $59,125
- Operating Expense $152,003
- Gross Income $372,972
- Net Operating Income $166,130
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 17, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,525,000
Interest Rate
3.82%
Mortgage Type
Construction
Purchase Details
Closed on
Nov 7, 2014
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
3.96%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Feb 19, 1998
Sold by
Bought by
Purchase Details
Closed on
Jul 18, 1995
Sold by
Bought by
Purchase Details
Closed on
Aug 17, 1993
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Montebello, CA
-
Justin Quemada
-
Lan 'Gloria' Xiao
Lan 'Gloria' Xiao
Responds QuicklyRE/MAX ELITE REALTY
(562) 600-8264
117 Total Sales
4 in Montebello
$8K - $830K Price Range
-
Magdalena Aguilar
Magdalena Aguilar
KELLER WILLIAMS PREMIER PROPER
(213) 296-1973
77 Total Sales
1 in Montebello
$660,000 Price
-
Michael Mucino
Michael Mucino
CAMDEN MCKAY REALTY
(909) 341-1278
128 Total Sales
1 in Montebello
$870,000 Price
-
Jane Xue Li
Jane Xue Li
Coldwell Banker Envision
(626) 693-3275
39 Total Sales
2 in Montebello
$625K - $878K Price Range
-
Robert Paez
Robert Paez
PAEZ REALTY COMPANY
(909) 347-5160
123 Total Sales
2 in Montebello
$165,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $4,730,000 | Lawyers Title Company | ||
| $3,050,000 | North American Title | ||
| $850,000 | Fidelity National Title Ins | ||
| -- | Guardian Title Company | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $250,000 | ||
| Previous Owner | $2,525,000 | ||
| Previous Owner | $1,700,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/26/2019 07/26/19 | Sold | $4,730,000 | 0.0% | $276 / Sq Ft |
| 04/29/2019 04/29/19 | Pending | -- | -- | -- |
| 04/16/2019 04/16/19 | For Sale | $4,730,000 | -- | $276 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $75,601 | $5,172,943 | $2,734,114 | $2,438,829 |
| 2024 | $74,598 | $5,071,513 | $2,680,504 | $2,391,009 |
| 2023 | $74,529 | $4,972,073 | $2,627,946 | $2,344,127 |
| 2022 | $72,101 | $4,874,582 | $2,576,418 | $2,298,164 |
| 2021 | $69,727 | $4,779,002 | $2,525,900 | $2,253,102 |
| 2019 | $48,596 | $3,286,683 | $1,273,449 | $2,013,234 |
| 2018 | $49,788 | $3,271,610 | $1,267,519 | $2,004,091 |
| 2016 | $47,550 | $3,096,512 | $1,218,300 | $1,878,212 |
| 2015 | $44,968 | $3,050,000 | $1,200,000 | $1,850,000 |
| 2014 | $19,377 | $1,107,175 | $377,740 | $729,435 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Weinberg
Seller's Agent in 2019
Steven Weinberg
Citadel Ventures, Inc.
(818) 992-4896
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR19177832
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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