NOT LISTED FOR SALE
3 Beds
2 Baths
5,028 Sq Ft
5,664 Sq Ft Lot

Last Sold June 01, 2021

Last sale price $2,300,000 $457 Per Sq Ft

107 Days on Market

Highlights

  • Golf Course Community
  • Corner Lot
  • Foothills
  • John C. Fremont Elementary School Rated A-
  • Laundry Room
  • 4 Car Garage

About This Home

As of June 2021

This is a gorgeous 7-unit building available in the heart of Montrose. Built in 1958, with 5,028 square feet of living space. These seven units are made up of two 2/1 and five 1/1. The complex also contains plenty of onsite parking and its own laundry area. This is an amazing opportunity for an investor looking for a building with great rent upside potential in a high-end area. Located walking distance to Honolulu with plenty of restaurants, entertainment, and shopping. The area has always been a prime rental market due to the community and the ability to enroll in top rated area schools. With easy access to the 2 and 210 freeways it allows for convenient commuting.

Last Agent to Sell the Property

Willie Hertz

Media West Realty,Inc. License #01908659 Listed on: 12/15/2020

Co-Listed By

Chris Hertz

Media West Realty,Inc. License #01910839

Last Buyer's Agent

Albert Hairapetian

ARBITRAGE REAL ESTATE GROUP License #01213318

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,664 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Front Yard

Parking

  • 4 Car Garage
  • Carport
  • Parking Available

Interior Spaces

  • 5,028 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 8 / 40
  • Tax Tract Number 3006
  • Assessor Parcel Number 5615015004

Community Details

Overview

  • 7 Units
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Parcel Number: 5615015004
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 457.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Foothills, Golf, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard
  • Lot Size Sq Ft: 5664.00
  • Lot Size Acres: 0.1300
  • Latitude Manual: 34.19979100

Multi Family

  • Lot Size Area: 5664.0000 Square Feet
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 7
  • Rent Control: Yes

Tax Info

  • Tax Block: 40
  • Tax Census Tract: 3006.00
  • Tax Lot: 8
  • Tax Tract Number: 3006

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2021 06/01/21 Sold $2,300,000 -8.0% $457 / Sq Ft
01/07/2021 01/07/21 Price Changed $2,499,999 -3.8% $497 / Sq Ft
12/15/2020 12/15/20 For Sale $2,600,000 -- $517 / 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 $27,626 $2,489,593 $1,948,377 $541,216
2024 $27,382 $2,440,778 $1,910,174 $530,604
2023 $26,764 $2,392,920 $1,872,720 $520,200
2022 $26,308 $2,346,000 $1,836,000 $510,000
2021 $7,545 $616,895 $183,558 $433,337
2020 $7,442 $610,570 $181,676 $428,894
2019 $7,277 $598,599 $178,114 $420,485
2018 $7,123 $586,863 $174,622 $412,241
2016 $6,723 $564,077 $167,843 $396,234
2015 $6,597 $555,605 $165,322 $390,283
2014 $6,586 $544,722 $162,084 $382,638
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB20257630

California Regional Multiple Listing Service (CRMLS)