NOT LISTED FOR SALE

Estimated Value: $1,397,000 - $2,355,015

5 Beds
2 Baths
3,658 Sq Ft
$571/Sq Ft Est. Value

Sale Details

Date Sold: March 11, 2014

Last sale price $1,200,000 $328 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $13,248 / mo

8 Days on Market

Highlights

  • 0.43 Acre Lot
  • No HOA
  • 1-Story Property
  • Monterey Vista Elementary School Rated A-

About This Home

As of March 2014

Excellent, very well maintained four unit property in great Monterey Park. A 3 bedroom 2 bath detached single family home in front. 3 separate 2 bedroom 1 bath units in the back. Zoned for 6 units, potential to build 2 more units. Buyer to check with City to verify zoning. Great for owner occupied with rental incomes on other units. Ample parking for each unit with a single car garage for front unit. Each unit has its own fenced in yard.

Laundry in each unit individually and 9 parking spaces and 1 car garage for 3 bedroom unit. Please do not disturb occupants! Submit offer and broker will arrange viewing.

Last Agent to Sell the Property

Steve Beyrooty

Great American Realty License #00929070 Listed on: 02/10/2014

Last Buyer's Agent

Tingting Chen

CTC Investment Properties, Inc. License #01917127

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 18,890 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 3,658 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 6
  • Tax Tract Number 786
  • Assessor Parcel Number 5259017049

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $1,200
  • Insurance Expense $900
  • Trash Expense $360
  • Water Sewer Expense $3,600
  • New Taxes Expense $12,500
  • Net Operating Income $3,609

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.43 Acres

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5259017049
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 328.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 11.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 18890.00
  • Lot Size Acres: 0.4340

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Scheduled Income: 4700.00
  • Insurance Expense: 900.00
  • Lot Size Area: 18890.0000 Square Feet
  • Net Operating Income: 3609.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 1090.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Lot: 6
  • Tax Tract Number: 786
  • Tax Year: 2012

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2014
Closed on
Feb 21, 2014
Sold by
Bought by
Seller's Agent
Steve Beyrooty
Great American Realty
Buyer's Agent
Tingting Chen
CTC Investment Properties, Inc.
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%
Current Estimated Value
$2,087,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$887,254
Avg. Annual Appreciation
4.57%

Purchase Details

Closed on
Dec 22, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2002
Sold by
Bought by

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
6.78%

Purchase Details

Closed on
Jun 23, 1999
Sold by
Bought by

Purchase Details

Closed on
Nov 9, 1994
Sold by
Bought by

Purchase Details

Closed on
Apr 18, 1994
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Monterey Park, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,200,000 California Title Company
-- California Title Company
-- California Title Company
-- --
$21,300 Continental Title
-- --
-- First American Title Ins Co
$380,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,200,000
Previous Owner $400,000
Previous Owner $149,000
Previous Owner $260,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/11/2014 03/11/14 Sold $1,200,000 -4.0% $328 / Sq Ft
02/18/2014 02/18/14 Pending -- -- --
02/10/2014 02/10/14 For Sale $1,250,000 -- $342 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $21,030 $1,471,026 $1,103,272 $367,754
2024 $20,375 $1,442,184 $1,081,640 $360,544
2023 $19,710 $1,413,907 $1,060,432 $353,475
2022 $18,832 $1,386,185 $1,039,640 $346,545
2021 $18,741 $1,359,005 $1,019,255 $339,750
2020 $18,564 $1,345,071 $1,008,804 $336,267
2019 $18,052 $1,318,698 $989,024 $329,674
2018 $17,764 $1,292,842 $969,632 $323,210
2016 $16,355 $1,242,641 $931,981 $310,660
2015 $16,036 $1,223,976 $917,982 $305,994
2014 -- $494,112 $256,907 $237,205
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14030043

California Regional Multiple Listing Service (CRMLS)

APN: 5259-017-049

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