$1,100,000
SOLD MAY 20, 2025

323 E Palm Ave Monrovia, CA 91016

4 Beds
3 Baths
2,234 Sq Ft
8,167 Sq Ft Lot

Recently Sold

$492 Per Sq Ft

6% Below List Price

113 Days on Market

Highlights

  • Wood Flooring
  • Bonus Room
  • Cooling System Mounted To A Wall/Window
  • Clifton Middle School Rated A-
  • Private Yard
  • 2-minute walk to Rotary Park

About This Home

As of May 2025

This property offers the perfect blend of character and practicality, featuring two legal units. The upstairs unit is a charming 1-bedroom, 1-bathroom with its own private entry. The downstairs unit boasts 3 cozy bedrooms; along with a spacious kitchen that includes a delightful sitting nook, an indoor laundry room, and a generously sized dining area. The large living room, with its high ceilings, creates an inviting atmosphere ideal for gatherings.Rich in character, the home retains many original details, including vintage doorknobs, kitchen cabinet hardware, wood-framed windows, and intricate woodwork that will captivate anyone who appreciates timeless craftsmanship.The property also includes a 2-car tandem garage with enough space to fit up to 4 average-sized vehicles. Additionally, a large detached building—reminiscent of a barn—offers endless possibilities. It could potentially house up to 3 more cars, or be transformed into the ultimate she-shed, man cave, craft room, workshop, or whatever suits your needs.Don’t miss out on this incredible opportunity!

Last Agent to Sell the Property

Nathalie Marcele Marles

Berkshire Hathaway HomeServices Crest Real Estate Brokerage Phone: 818-679-5369 License #01330558 Listed on: 12/22/2024

Berkshire Hathaway HomeServices Crest Real Estate

Last Buyer's Agent

Marguerite Chan

Coldwell Banker Residential Brokerage License #00969644

Coldwell Banker Residential Brokerage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,410

Year Built

  • Built in 1902

Lot Details

  • 8,167 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Front and Back Yard Sprinklers
  • Private Yard

Parking

  • 6 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Driveway Level

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,234 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Bonus Room
  • Laundry Room
  • Basement

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • 220 Volts in Workshop
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 31 / 1
  • Assessor Parcel Number 8516009012
  • $800 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $175
  • Insurance Expense $150
  • Trash Expense $50
  • Water Sewer Expense $125
  • Operating Expense $525
  • Gross Income $42,600
  • Net Operating Income $42,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,410

Year Built

Built in 1902

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 587500
  • Property Attached: No
  • Water Sewer Expenses: 125.00
  • Zoning: MORM*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 175.00
  • Parcel Number: 8516009012
  • Year Built: 1902
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Vinyl, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: No
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 492.39
  • Room Type: Basement, Bonus Room

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway Level, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Workshop
  • Heating Type: Electric, Forced Air
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Sprinklers In Front, Sprinklers In Rear, Yard
  • Lot Size Sq Ft: 8167.00
  • Lot Size Acres: 0.1875

Rental Info

  • Garage Rental Rate: 650.00
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 42600.00
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 150.00
  • Lot Size Area: 8167.0000 Square Feet
  • Net Operating Income: 42600.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4200.00
  • Rent Control: No
  • Total Actual Rent: 3900.00
  • Total Expenses: 525.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 4310.04
  • Tax Lot: 31
  • Tax Tract Number: 00
  • TaxOtherAnnualAssessmentAmount: 800.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2020
Sold by
Voorhees Donna S
Bought by
Voorhees Donna S and The R Allen And D S Voorhees T
Current Estimated Value
$1,098,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,500
Outstanding Balance
$218,561
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$879,448

Purchase Details

Closed on
Nov 23, 2011
Sold by
Voorhees Donna S
Bought by
Voorhees Donna S and The R Allen & D S Voorhees Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2011
Sold by
Voorhees Donna S
Bought by
Voorhees Donna S and R Allen & D S Voorhees Trust

Purchase Details

Closed on
Jul 8, 2010
Sold by
Morton Kevin
Bought by
Voorhees Donna S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2004
Sold by
Morton Kevin
Bought by
Ancient Oak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,500
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2004
Sold by
Ancient Oak
Bought by
Morton Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,500
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2002
Sold by
Parrino Kathy R
Bought by
Ancient Oak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
10.25%

Purchase Details

Closed on
Nov 29, 2002
Sold by
Ancient Oak
Bought by
Parrino Kathy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
10.25%

Purchase Details

Closed on
Oct 4, 2002
Sold by
Parrino Kathy R
Bought by
Ancient Oak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
10.25%

Purchase Details

Closed on
Dec 14, 2000
Sold by
Hontos John S
Bought by
Parrino Kathy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
7.87%
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 Type Sale Price Title Company
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Interfamily Deed Transfer -- Stewart Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- None Available
Grant Deed $410,000 Equity Title Company
Grant Deed -- --
Quit Claim Deed -- First American Title Lenders
Grant Deed -- --
Grant Deed -- United Title Company
Grant Deed -- --
Grant Deed $172,000 United Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $244,500 New Conventional
Closed $272,000 New Conventional
Closed $260,000 New Conventional
Previous Owner $331,500 New Conventional
Previous Owner $318,000 No Value Available
Previous Owner $129,000 No Value Available
Previous Owner $129,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 Sold $1,100,000 -6.4% $492 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
03/27/2025 03/27/25 Price Changed $1,175,000 0.0% $526 / Sq Ft
03/27/2025 03/27/25 For Sale $1,175,000 +6.8% $526 / Sq Ft
03/24/2025 03/24/25 Off Market $1,100,000 -- --
03/22/2025 03/22/25 For Sale $1,280,000 +16.4% $573 / Sq Ft
03/20/2025 03/20/25 Off Market $1,100,000 -- --
02/07/2025 02/07/25 Price Changed $1,280,000 -1.5% $573 / Sq Ft
12/22/2024 12/22/24 For Sale $1,300,000 -- $582 / 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 $7,410 $525,271 $397,161 $128,110
2024 $7,410 $514,973 $389,374 $125,599
2023 $7,245 $504,877 $381,740 $123,137
2022 $7,040 $494,978 $374,255 $120,723
2021 $6,898 $485,273 $366,917 $118,356
2020 $6,696 $480,298 $363,155 $117,143
2019 $6,581 $470,882 $356,035 $114,847
2018 $6,405 $461,650 $349,054 $112,596
2016 $6,152 $443,725 $335,500 $108,225
2015 $6,021 $437,061 $330,461 $106,600
2014 $5,967 $428,500 $323,988 $104,512
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24252712

California Regional Multiple Listing Service (CRMLS)

APN: 8516-009-012