NOT LISTED FOR SALE

332 E Graves Ave Unit 1 Monterey Park, CA 91755

Estimated Value: $1,245,000 - $1,333,000

4 Beds
3 Baths
1,840 Sq Ft
$706/Sq Ft Est. Value

Last Sold September 19, 2021

Last sale price $1,160,000 $630 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,415/month

23 Days on Market

Highlights

  • Laundry Room
  • Repetto Elementary School Rated A-
  • Wood Fence

About This Home

As of September 2021

Fixer: Investors Dream! Great opportunity for Owners/Investors/Developers! This triplex property is on a BIG lot. This property consists of two separate buildings, a single unit in the front has 2 bedrooms/1 bath and a two-story unit in the back. The bottom unit is a studio attached to two single garages and the upper unit has 2 bedrooms/1 bath. Front house needs serious work, but has full potential. The property is zoned for R4 which can be for new individual units. New construction being developed all around. Great location in the center of Monterey Park, between the 60 FWY and 10 FWY. Near markets and restaurants.

Last Agent to Sell the Property

Eddie Angulo

Caldwell Realty License #01111807 Listed on: 07/18/2021

Last Buyer's Agent

Eddie Angulo

Caldwell Realty License #01111807 Listed on: 07/18/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,162

Year Built

  • Built in 1948

Lot Details

  • 9,922 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • 1,840 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 27 / 2
  • Tax Tract Number 4461
  • Assessor Parcel Number 5260003027

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,162

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • View: No
  • Zoning: MPR2YY
  • Property Type: Residential Income
  • Parcel Number: 5260003027
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 630.43

Exterior Features

  • Fence: Yes
  • Fencing: Block, Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9922.00
  • Lot Size Acres: 0.2278

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 9922.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 4826.00
  • Tax Lot: 27
  • Tax Tract Number: 4461

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2022
Sold by
William Hu
Bought by
William Hu Revocable Living Trust
Current Estimated Value
$1,299,669

Purchase Details

Listed on
Jul 18, 2021
Closed on
Aug 31, 2021
Sold by
Ekman John Charles and Ekman Ellen Patricia
Bought by
Hu William
Seller's Agent
Eddie Angulo
Caldwell Realty
Buyer's Agent
Eddie Angulo
Caldwell Realty
List Price
$1,300,000
Sold Price
$1,160,000
Premium/Discount to List
-$140,000
-10.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.13%
Original Mortgage
$822,375
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2021
Sold by
Ekman Robert J
Bought by
Ekman Robert Jerome and Ekman Veronica Lara

Purchase Details

Closed on
Jan 28, 2021
Sold by
Ekman John C
Bought by
Ekman John Charles and Ekman Ellen Patricia

Purchase Details

Closed on
Dec 17, 2019
Sold by
Ekman Charles Bernard and Ekman Elcie Augusta
Bought by
Ekman Robert J and Ekman Family Trust
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
William Hu Revocable Living Trust -- None Listed On Document
Hu William $1,160,000 Fidelity National Title
Ekman Robert Jerome -- None Available
Ekman John Charles -- None Available
Ekman Robert J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hu William $822,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2021 09/19/21 Sold $1,160,000 -10.8% $630 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
07/18/2021 07/18/21 For Sale $1,300,000 -- $707 / 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 $16,162 $1,231,000 $1,018,759 $212,241
2024 $16,162 $1,206,864 $998,784 $208,080
2023 $15,837 $1,183,200 $979,200 $204,000
2022 $15,091 $1,160,000 $960,000 $200,000
2021 $1,790 $75,373 $26,929 $48,444
2020 $1,782 $74,601 $26,653 $47,948
2019 $1,744 $73,139 $26,131 $47,008
2018 $1,682 $71,706 $25,619 $46,087
2016 $1,638 $68,924 $24,625 $44,299
2015 $1,613 $67,890 $24,256 $43,634
2014 $1,621 $66,561 $23,781 $42,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21157415

California Regional Multiple Listing Service (CRMLS)

APN: 5260-003-027