NOT LISTED FOR SALE

337 W Olive Ave Monrovia, CA 91016

Monrovia Area

Estimated Value: $930,000 - $1,161,000

4 Beds
2 Baths
1,464 Sq Ft
$712/Sq Ft Est. Value

Sale Details

Date Sold: February 26, 2020

Last sale price $709,000 $484 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,627 / mo

98 Days on Market

Highlights

  • Lawn
  • No HOA
  • Rectangular Lot
  • Monrovia High School Rated A
  • Laundry Facilities
  • 5-minute walk to Lucinda Garcia Park

About This Home

As of February 2020

Property features 2 units each with 2 bedrooms and 1 bath. Assessor records indicate the back (#339) older wood house is 660 square feet and has a detached single garage which is more like a shed and is accessed only from the rear alley. It sits on a raised foundation. 2018 upgrades include new bath vanity and door, paint, new toilet, new exterior paint. Fall 2013 upgrades to back house include new composition/shingle roof with 30 year warranty, brand new kitchen, including new kitchen cabinets, new countertops, new sink and faucet, new refrigerator, new kitchen lighting, new exhaust hood over stove, new tile flooring, paint, new water heater, new garbage disposal.

The front (#337) stucco house is 804 sq ft. It has an attached single garage and is on a slab foundation and features a large backyard covered patio. Upgrades to the front house include a new 30-year roof installed in November 2018. Previously installed Laminate floors in and living and dining room, mini-blinds, interior and exterior paint, outdoor washer/dryer enclosure, water heater. Upgrades to the front house in 2012 include new windows, new double-sided wall heater, interior, and exterior doors, light fixtures, kitchen countertops, new dishwasher, stove, washer, and dryer. Upgrades to the front house in 2009 included remodeled and upgraded bathroom with new tub, tub surround.

Last Agent to Sell the Property

Doug Willis

up2date Real Estate License #01334541 Listed on: 11/07/2019

Last Buyer's Agent

Kenneth Camacho

RE/MAX TOP PRODUCERS License #01028378

RE/MAX TOP PRODUCERS

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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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 7,950 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 1,464 Sq Ft Home
  • Duplex
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 15 / A
  • Assessor Parcel Number 8506001016

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $750
  • Trash Expense $900
  • Water Sewer Expense $600
  • New Taxes Expense $7,828
  • Operating Expense $9,178
  • Gross Income $36,360
  • Net Operating Income $27,182

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

7,950 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 600.00
  • Zoning: MORM*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8506001016
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 484.29

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Paved
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Sewer: Unknown
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 7950.00
  • Lot Size Acres: 0.1825
  • Latitude Manual: 34.14494900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 36360.00
  • Gross Scheduled Income: 36360.00
  • Insurance Expense: 750.00
  • Lot Size Area: 7950.0000 Square Feet
  • Net Operating Income: 27182.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 9178.00
  • Rent Control: No
  • Total Actual Rent: 3030.00
  • Total Expenses: 9178.00

Tax Info

  • New Taxes Expense: 7828.00
  • Tax Block: A
  • Tax Census Tract: 4309.01
  • Tax Lot: 15

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
Nov 7, 2019
Closed on
Feb 21, 2020
Sold by
Moca Linda and Qtip Trust
Bought by
Seller's Agent
Doug Willis
up2date Real Estate
Buyer's Agent
Kenneth Camacho
RE/MAX TOP PRODUCERS
List Price
$699,000
Sold Price
$709,000
Premium/Discount to List
$10,000
1.43%
Current Estimated Value
$1,029,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,231
Avg. Annual Appreciation
6.07%
Original Mortgage
$602,650
Outstanding Balance
$532,465
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$509,574

Purchase Details

Listed on
Nov 7, 2019
Closed on
Feb 6, 2020
Sold by
Avar Autumn
Bought by
Camacho Joel
Seller's Agent
Doug Willis
up2date Real Estate
Buyer's Agent
Kenneth Camacho
RE/MAX TOP PRODUCERS
List Price
$699,000
Sold Price
$709,000
Premium/Discount to List
$10,000
1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$602,650
Outstanding Balance
$532,465
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$509,574

Purchase Details

Closed on
Dec 4, 2007
Sold by
Hinds Carol Joan and Hinds Family Revocable Trust
Bought by
Hinds Carol J and The Qtip C Trust Of The Hinds

Purchase Details

Closed on
Jul 19, 2004
Sold by
Hinds Robert
Bought by
Hinds Robert Miles and Hinds Carol Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
1.62%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 17, 2004
Sold by
Hinds Robert Miles and Hinds Carol Joan
Bought by
Hinds Robert Miles and Hinds Carol Joan
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Monrovia, 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
$709,000 Lawyers Title Company
Camacho Joel -- Lawyers Title Company
Hinds Carol J -- None Available
Hinds Robert Miles -- Fidelity National Title Co
Hinds Robert -- Fidelity National Title Co
Hinds Robert Miles -- Fidelity National Title Co
Hinds Robert Miles -- --
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 $602,650
Previous Owner Hinds Robert Miles $255,000
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
02/26/2020 02/26/20 Sold $709,000 +1.4% $484 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
12/16/2019 12/16/19 For Sale $699,000 -1.4% $477 / Sq Ft
12/14/2019 12/14/19 Off Market $709,000 -- --
11/07/2019 11/07/19 For Sale $699,000 -- $477 / 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
2026 $11,370 $837,079 $599,518 $237,561
2025 $11,370 $820,666 $587,763 $232,903
2024 $11,068 $804,576 $576,239 $228,337
2023 $10,815 $788,801 $564,941 $223,860
2022 $10,503 $773,335 $553,864 $219,471
2021 $9,683 $716,344 $586,008 $130,336
2020 $2,874 $174,705 $57,109 $117,596
2019 $2,830 $171,281 $55,990 $115,291
2018 $2,698 $167,924 $54,893 $113,031
2016 $2,591 $161,405 $52,762 $108,643
2015 $2,539 $155,923 $51,970 $103,953
2014 -- $152,869 $50,952 $101,917
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF19260349

California Regional Multiple Listing Service (CRMLS)

APN: 8506-001-016

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