NOT LISTED FOR SALE

3365 Washington Ave El Monte, CA 91731

Downtown El Monte Neighborhood

Estimated Value: $3,335,239

18 Beds
11 Baths
7,056 Sq Ft
$473/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $2,500,000 $354 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $20,597/month

40 Days on Market

About This Home

As of December 2020

We are pleased to present the opportunity to acquire 11-units in the heart of the San Gabriel Valley. This multifamily property sits on approximately 15,824 +/- SF of land and is comprised of six (6) 2 bed/1bath, four (4) 1 bed/1 bath units, and one (1) 2 bed/1 bath single family home with its own private driveway. The property will be delivered with two (2) 2 bedroom units vacant, allowing a potential investor the opportunity to immediately bring in tenants at market rates. Both units have been remodeled with laminate floors and partial granite countertops. The property also features on-site laundry, alley access, and with seven (7) garages and two separate driveways, there is plenty of on-site parking for tenants.

Last Agent to Sell the Property

Sevak Keshishian

Marcus & Millichap License #01887505 Listed on: 09/04/2020

Last Buyer's Agent

Sevak Keshishian

Marcus & Millichap License #01887505 Listed on: 09/04/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 0.36 Acre Lot

Parking

  • 4 Open Parking Spaces
  • 7 Car Garage
  • Driveway

Interior Spaces

  • 7,056 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 11 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 8579-009-026

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

7

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7056
  • Lot Acreage: 0.3633
  • Stories: 2
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Total Bathrooms: 11.00
  • Price Per S Q F T: 347.22

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Garage Spaces: 7
  • Other Spaces: 4
  • Garage Structures: 1
  • Parking Garage: Garage - 4+ Car, Driveway
  • Total Parking: 11

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 71.93
  • Assessed Improvement Value: 232691
  • Assessed Land Percent: 28.07
  • Assessed Land Value: 90825
  • Total Assessed Value: 323516
  • Assessor Parcel Number: 8579-009-026
  • Lot Size Area: 15824

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.17
  • Number Of Units: 11
  • Type Of Units: Standard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Oct 14, 2020
Sold by
Ruiz Anthony Rodriguez and Ruiz Shirley R
Bought by
Tavakkoli Mohamad and Tavakkoli Fariba
Seller's Agent
Sevak Keshishian
Marcus & Millichap
Buyer's Agent
Sevak Keshishian
Marcus & Millichap
List Price
$2,450,000
Sold Price
$2,500,000
Premium/Discount to List
$50,000
2.04%
Current Estimated Value
$3,335,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$835,239
Avg. Annual Appreciation
5.89%
Original Mortgage
$1,120,000
Interest Rate
2.8%
Mortgage Type
Commercial
Source: Public Records

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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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
Tavakkoli Mohamad $2,500,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tavakkoli Mohamad $1,120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2020 12/11/20 Sold $2,500,000 +2.0% $354 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $2,450,000 0.0% $347 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $2,450,000 -- $347 / 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 $37,471 $2,706,080 $811,824 $1,894,256
2024 $37,471 $2,653,020 $795,906 $1,857,114
2023 $36,744 $2,601,000 $780,300 $1,820,700
2022 $35,390 $2,550,000 $765,000 $1,785,000
2021 $35,882 $2,500,000 $750,000 $1,750,000
2020 $7,329 $343,313 $96,382 $246,931
2019 $7,433 $336,583 $94,493 $242,090
2018 $7,095 $329,985 $92,641 $237,344
2016 $6,733 $317,174 $89,045 $228,129
2015 $6,659 $312,411 $87,708 $224,703
2014 $6,526 $306,292 $85,990 $220,302
Source: Public Records

Agents Affiliated with this Home

  • Sevak Keshishian

    Seller's Agent in 2020

    Sevak Keshishian

    Marcus & Millichap

    (818) 394-0772

    54 Total Sales

    Sevak Keshishian
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Map

Source: The MLS

MLS Number: 20-628604

The MLS

APN: 8579-009-026

California Los Angeles County El Monte 91731 Downtown El Monte

3365 Washington Ave, El Monte, CA

Not Listed for Sale

MultiFamily

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