NOT LISTED FOR SALE

319 E Lime Ave Monrovia, CA 91016

Estimated Value: $1,218,000 - $1,385,000

20 Beds
12 Baths
8,628 Sq Ft
$149/Sq Ft Est. Value

Last Sold April 26, 2018

Last sale price $3,500,000 $406 Per Sq Ft

Current estimated payment $8,309/month

143 Days on Market

Highlights

  • 35,547 Sq Ft lot
  • No HOA
  • 1-minute walk to Rotary Park
  • Clifton Middle School Rated A-
  • Laundry Room

About This Home

As of April 2018

We are pleased to exclusively represent this investment portfolio property in the Historical
City of Monrovia. A total of three parcels of prime land within a
well stablished and mature community. Monrovia is located 20 miles northeast of Los Angeles at the
base of the San Gabriel Mountains, Monrovia is part of the San Gabriel Valley, just eight miles east of the
City of Pasadena between the Cities of Sierra Madre and Bradbury.
This growing city of nearly 40,000 residents distinguishes itself from other communities with its dynamic
small-town charm and collection of high-tech industry. A world of amenities is available here: everything
from world-class cultural facilities to glorious recreational outlets to top-rated education and healthcare is
available right at residents’ fingertips.
Monrovia is ideally positioned to continue its trend for controlled growth. The city’s vibrant economy
fosters enhanced job creation while a commitment to revitalization and development ensures that
Monrovia maintains its attractive neighborhoods.

Last Agent to Sell the Property

Edwin Mariscal

Edwin Mariscal, Broker License #01119480 Listed on: 10/30/2017

Last Buyer's Agent

Edwin Mariscal

Edwin Mariscal, Broker License #01119480 Listed on: 10/30/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,110

Year Built

  • Built in 1990

Lot Details

  • 0.82 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 6 Open Parking Spaces
  • 10 Car Garage
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • 8,628 Sq Ft Home

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 12 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 10
  • Assessor Parcel Number 8516010007

Community Details

Overview

  • No Home Owners Association
  • 10 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $2,400
  • Insurance Expense $2,500
  • Maintenance Expense $3,990
  • Other Expense $2,400
  • Trash Expense $3,563
  • Water Sewer Expense $4,137
  • New Taxes Expense $43,190
  • Operating Expense $59,780
  • Gross Income $174,180
  • Net Operating Income $120,495

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,110

Year Built

Built in 1990

Lot Details

0

Parking

10

Listing Details

  • Assessments: Yes
  • CapRate: 3.44
  • Property Attached: No
  • Water Sewer Expenses: 4137.00
  • Zoning: MORM*
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 8516010007
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 405.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 3563.00
  • Water Source: Other

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 35547.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 174180.00
  • Gross Scheduled Income: 181380.00
  • Insurance Expense: 2500.00
  • Maintenance Expense: 3990.00
  • Net Operating Income: 120495.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 59780.00
  • Other Expense: 2400.00
  • Other Expense Description: Gardener
  • Rent Control: No
  • Total Actual Rent: 13315.00
  • Total Expenses: 59780.00

Tax Info

  • New Taxes Expense: 43190.00
  • Tax Area: 6209
  • Tax Census Tract: 4310.01
  • Tax Lot: 7
  • Tax Tract Number: 10
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2021
Sold by
Bouza Carlos A and Bouza Leonor
Bought by
Huang Yue Ren Jamison
Current Estimated Value
$1,287,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,535,000
Outstanding Balance
$1,396,993
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
-$109,326

Purchase Details

Closed on
Apr 18, 2006
Sold by
Bouza Carlos A
Bought by
Bouza Carlos A and Bouza Leonor

Purchase Details

Closed on
Sep 1, 2004
Sold by
Bouza Carlos A
Bought by
Bouza Carlos A and Bouza Leonor
Source: Public Records

Range of Values:

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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
Huang Yue Ren Jamison $3,400,000 Lawyers Title Company
Bouza Carlos A -- None Available
Bouza Carlos A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Yue Ren Jamison $1,535,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2018 04/26/18 Sold $3,500,000 0.0% $406 / Sq Ft
02/27/2018 02/27/18 Price Changed $3,500,000 -12.5% $406 / Sq Ft
10/30/2017 10/30/17 For Sale $3,998,888 -- $463 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,110 $1,104,080 $552,040 $552,040
2024 $15,110 $1,082,432 $541,216 $541,216
2023 $14,771 $1,061,208 $530,604 $530,604
2022 $14,349 $1,040,400 $520,200 $520,200
2021 $6,240 $400,410 $280,928 $119,482
2020 $6,073 $396,305 $278,048 $118,257
2019 $5,975 $388,536 $272,597 $115,939
2018 $5,713 $380,918 $267,252 $113,666
2016 $5,488 $366,128 $256,875 $109,253
2015 $5,376 $360,629 $253,017 $107,612
2014 $5,340 $353,566 $248,061 $105,505
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17249977

California Regional Multiple Listing Service (CRMLS)

APN: 8516-010-007