NOT LISTED FOR SALE

321 W Duarte Rd Monrovia, CA 91016

Estimated Value: $2,492,000 - $2,619,031

10 Beds
6 Baths
4,121 Sq Ft
$620/Sq Ft Est. Value

Last Sold July 21, 2021

Last sale price $2,150,000 $522 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $16,521/month

27 Days on Market

About This Home

As of July 2021

We are pleased to present the opportunity to acquire 321 West Duarte Road, a six-unit pride-of-ownership multifamily building in the city of Monrovia, a core market in the San Gabriel Valley. The property was built in 1926/1958 and offers a strong unit mix. It is comprised of four separate buildings: one two-story duplex with two one-bedroom/one-bathroom units (one of which offers a den), and four single-story two-bedroom/one-bathroom units (one of which offers a patio). The property offers eight surface/carport parking spots and five one car garages for a total of 13 parking spots. Select units offer direct access to garages. No soft-story retrofit is required, which saves a new investor thousands in capital expenditures. Each unit has ductless mini-split air conditioning units, is individually metered for gas and electricity, and has separate water heaters. The property also offers on-site laundry. The property sits on a large 13,577 square foot lot that may offer a new investor the potential to build accessory dwelling units(ADUs). This is the Buyers responsibility to investigate.

Last Agent to Sell the Property

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 05/19/2021

Last Buyer's Agent

Ying Jiang

CA REAL ESTATE AND FINANCE INC License #01870076

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,167

Year Built

  • Built in 1926

Lot Details

  • 0.31 Acre Lot

Interior Spaces

  • 4,121 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Parking

  • 13 Car Garage
  • Uncovered Parking

Community Details

  • 4 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 8507-004-031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,167

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4121
  • Lot Acreage: 0.3117
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 527.78

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Uncovered, Garage
  • Total Parking: 13

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 1187280
  • Assessed Land Percent: 40
  • Assessed Land Value: 791520
  • Total Assessed Value: 1978800
  • Assessor Parcel Number: 8507-004-031
  • Lot Size Area: 13577

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 17.65
  • Number Of Units: 6
  • Total Annual Expense: 50592
  • Type Of Units: Residential
  • Vacancy Rate: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Jul 8, 2021
Sold by
Lan Corporation
Bought by
Zheng Xiao Xun and Wu Shan
Seller's Agent
Sean Rosenzweig
Marcus & Millichap
Buyer's Agent
Ying Jiang
CA REAL ESTATE AND FINANCE INC
List Price
$2,175,000
Sold Price
$2,150,000
Premium/Discount to List
-$25,000
-1.15%
Current Estimated Value
$2,555,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,516
Avg. Annual Appreciation
4.33%

Purchase Details

Listed on
May 29, 2018
Closed on
Jul 5, 2018
Sold by
Boecherer Maria E and The Maria Boecherer Survivor S
Bought by
Lan Corporation
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Jack Chang
List Price
$1,998,888
Sold Price
$1,940,000
Premium/Discount to List
-$58,888
-2.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.53%
Original Mortgage
$830,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2018
Sold by
Boecherer Maria E and Boecherer Rudolf
Bought by
Boecherer Maria E and Maria Boecherer Survivor S Tru

Purchase Details

Closed on
Sep 2, 2015
Sold by
Boecherer Rudolf Gottfried and Boecherer Maria Eugenia
Bought by
Rudolf & Maria Boecherer Living Trust

Purchase Details

Listed on
Mar 23, 2015
Closed on
Jun 15, 2015
Sold by
Cheng Chun Man Simon and Lee Ann Wing Yin
Bought by
Boecherer Rudolf Gottfried and Boecherer Maria Eugenia
Seller's Agent
Winnie Wan
MANDARIN REALTY 1 Corp
Buyer's Agent
Mary Reinl
CENTURY 21 CITRUS REALTY INC
List Price
$1,320,000
Sold Price
$1,400,000
Premium/Discount to List
$80,000
6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%

Purchase Details

Closed on
Jan 12, 2011
Sold by
Pmc Properties Llc
Bought by
Simon Cheng Chun Man and Lee Ann Wing Yin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
4.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2009
Sold by
Haas Kenneth R and Haas Suzanne E
Bought by
Pmc Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2005
Sold by
Haas Kenneth R and Haas Suzanne E
Bought by
Haas Kenneth R and Haas Suzanne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 8, 2002
Sold by
Haas Patricia L
Bought by
Haas Russell W and Haas Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
6.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2001
Sold by
Haas Kenneth R and Haas Suzanne E
Bought by
Haas Kenneth R and Haas Suzanne E

Purchase Details

Closed on
Jul 27, 1999
Sold by
Mulkey Glen R and Mulkey Marilyn J
Bought by
Haas Kenneth R and Haas Suzanne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
7.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Zheng Xiao Xun $2,150,000 First American Title Company
Lan Corporation $1,940,000 Fidelity National Title Comp
Boecherer Maria E -- None Available
Rudolf & Maria Boecherer Living Trust -- None Available
Boecherer Rudolf Gottfried $1,400,000 Title 365
Simon Cheng Chun Man $1,020,000 Lawyers Title Company
Pmc Properties Llc $898,000 Landsafe
Haas Kenneth R -- --
Haas Russell W -- --
Haas Kenneth R -- --
Haas Kenneth R $310,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lan Corporation $1,000,000
Previous Owner Lan Corp $830,000
Previous Owner Lan Corporation $830,000
Previous Owner Simon Cheng Chun Man $540,000
Previous Owner Pmc Properties Llc $449,000
Previous Owner Haas Kenneth R $500,000
Previous Owner Haas Russell W $370,000
Previous Owner Haas Patricia L $287,000
Previous Owner Haas Kenneth R $232,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2021 07/21/21 Sold $2,150,000 -1.1% $522 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $2,175,000 +12.1% $528 / Sq Ft
08/07/2018 08/07/18 Sold $1,940,000 -2.9% $471 / Sq Ft
07/05/2018 07/05/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $1,998,888 +42.8% $485 / Sq Ft
06/23/2015 06/23/15 Sold $1,400,000 +6.1% $340 / Sq Ft
05/12/2015 05/12/15 Pending -- -- --
03/23/2015 03/23/15 For Sale $1,320,000 -- $320 / Sq Ft
Source: The MLS

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 $31,167 $2,281,596 $912,638 $1,368,958
2024 $31,167 $2,236,860 $894,744 $1,342,116
2023 $30,469 $2,193,000 $877,200 $1,315,800
2022 $29,602 $2,150,000 $860,000 $1,290,000
2021 $27,664 $1,999,300 $799,720 $1,199,580
2020 $26,838 $1,978,800 $791,520 $1,187,280
2019 $26,383 $1,940,000 $776,000 $1,164,000
2018 $20,525 $1,478,770 $950,638 $528,132
2016 $19,715 $1,421,350 $913,725 $507,625
2015 $15,103 $1,060,026 $762,555 $297,471
2014 $14,976 $1,039,262 $747,618 $291,644
Source: Public Records

Agents Affiliated with this Home

  • Sean Rosenzweig

    Seller's Agent in 2021

    Sean Rosenzweig

    Marcus & Millichap

    (213) 943-1800

    1 in this area

    67 Total Sales

    Sean Rosenzweig
    Section Image

  • Y

    Buyer's Agent in 2021

    Ying Jiang

    CA REAL ESTATE AND FINANCE INC

  • J

    Buyer's Agent in 2018

    Jack Chang

  • W

    Seller's Agent in 2015

    Winnie Wan

    MANDARIN REALTY 1 Corp

    Section Image
  • Mary Reinl

    Buyer's Agent in 2015

    Mary Reinl

    CENTURY 21 CITRUS REALTY INC

    (626) 625-4353

    1 in this area

    29 Total Sales

    Mary Reinl
    Section Image
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Map

Source: The MLS

MLS Number: 21-734044

The MLS

APN: 8507-004-031

California Los Angeles County Monrovia 91016

321 W Duarte Rd, Monrovia, CA

This home is located at 321 W Duarte Rd, Monrovia, CA 91016 since 19 May 2021 and is currently estimated at $2,555,516, approximately $620 per square foot. This property was built in 1926. 321 W Duarte Rd is a home located in Los Angeles County with nearby schools including Wild Rose Elementary School, Santa Fe Computer Science Magnet, and Monrovia High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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