NOT LISTED FOR SALE

339 W Walnut Ave Monrovia, CA 91016

Estimated Value: $1,030,000 - $1,329,000

5 Beds
2 Baths
1,979 Sq Ft
$592/Sq Ft Est. Value

Last Sold April 09, 2015

Last sale price $703,000 $355 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $7,422/month

2 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Neighborhood Views
  • Monrovia High School Rated A
  • Private Yard
  • Built-In Features

About This Home

As of April 2015

Two detached houses on one lot in excellent location just minutes away from Old Town Monrovia on Myrtle! Located in a serene neighborhood. Front house is 2Bed/1 Bath and Back house is 3 Bed/1 Bath . Remodeled. Nice private yards for each house. Newer Roof. Great Income. Both homes are bright; clean and spacious. Great tenants for both houses. Newer interior and exterior paint, wonderful homes to own! There is a bonus studio type area next to the garage that was once a studio and is now vacant only for tenants' storage. Low maintenance and individually metered for electricity and gas - EXCELLENT INVESTMENT!

Last Agent to Sell the Property

Peggy Fong Chen

Re/Max Omega License #01461698 Listed on: 02/12/2015

Re/Max Omega

Last Buyer's Agent

Joe Cooper

Keller Williams Pasadena Mrkt License #01320599

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,403

Year Built

  • Built in 1955

Lot Details

  • 8,099 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Landscaped
  • Private Yard
  • Lawn

Parking

  • 2 Car Garage
  • 2 Detached Carport Spaces
  • Parking Available

Interior Spaces

  • 1,979 Sq Ft Home
  • Built-In Features
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 4309
  • Assessor Parcel Number 8506002015

Community Details

Overview

  • 2 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 $500
  • Trash Expense $1,440
  • Water Sewer Expense $516
  • New Taxes Expense $8,863
  • Gross Income $38,760
  • Net Operating Income $27,441

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,403

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • View: Yes
  • Water Sewer Expenses: 516.00
  • Property Type: Residential Income
  • Parcel Number: 8506002015
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 355.23

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Detached Carport, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop
  • Laundry Features: Common Area, In Garage
  • Sewer: Unknown
  • Trash Expense: 1440.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Lawn, Landscaped, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 8099.00
  • Lot Size Acres: 0.1860

Multi Family

  • Gross Income: 38760.00
  • Gross Scheduled Income: 38760.00
  • Insurance Expense: 500.00
  • Lot Size Area: 8099.0000 Square Feet
  • Net Operating Income: 27441.00
  • 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: 11319.00
  • Rent Control: No
  • Total Actual Rent: 3230.00

Tax Info

  • New Taxes Expense: 8863.00
  • Tax Lot: 15
  • Tax Tract Number: 4309
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2015
Closed on
Feb 25, 2015
Sold by
Jpw 2 Global Llc
Bought by
Sherman Yee Family Trust
Seller's Agent
Peggy Fong Chen
Re/Max Omega
Buyer's Agent
Joe Cooper
Keller Williams Pasadena Mrkt
List Price
$709,000
Sold Price
$703,000
Premium/Discount to List
-$6,000
-0.85%
Current Estimated Value
$1,171,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,913
Avg. Annual Appreciation
5.36%

Purchase Details

Closed on
Apr 27, 2011
Sold by
Chou Wendy and Chen Jimmy
Bought by
Jpw 2 Global Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,546
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2010
Sold by
Jpw 2 Global Llc
Bought by
Chou Wendy and Chen Jimmy

Purchase Details

Closed on
Nov 29, 2006
Sold by
Chou Wendy and Chen Jimmy
Bought by
Jpw 2 Global Llc

Purchase Details

Closed on
May 8, 2006
Sold by
Strathmann J Scott
Bought by
Chou Wendy and Chen Jimmy

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
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 17, 2006
Sold by
Chou Jeffrey D
Bought by
Chou Wendy

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
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 7, 2005
Sold by
Strathmann J Scott and Evelyn Strathmann Trust
Bought by
Strathmann J Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,250
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2004
Sold by
Strathmann Evelyn and The Evelyn Strathmann Trust
Bought by
Strathmann Randolph James

Purchase Details

Closed on
Jul 30, 2003
Sold by
Strathmann Evelyn and The Evelyn Strathman Trust
Bought by
Strathmann Randolph James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6%
Mortgage Type
Unknown
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
Sherman Yee Family Trust $703,000 Chicago Title Company
Jpw 2 Global Llc -- None Available
Chou Wendy -- Equity Title Company
Chou Wendy -- Equity Title Company
Jpw 2 Global Llc -- None Available
Chou Wendy $722,000 Investors Title Company
Chou Wendy -- Investors Title Company
Strathmann J Scott -- --
Strathmann J Scott -- --
Strathmann Randolph James -- --
Strathmann Randolph James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chou Wendy $309,546
Previous Owner Chou Wendy $400,000
Previous Owner Strathmann J Scott $531,250
Previous Owner Strathmann Randolph James $100,000
Previous Owner Strathmann Randolph James $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2015 04/09/15 Sold $703,000 -0.8% $355 / Sq Ft
02/14/2015 02/14/15 Pending -- -- --
02/12/2015 02/12/15 For Sale $709,000 -- $358 / 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
2024 $11,403 $828,325 $530,223 $298,102
2023 $11,143 $812,084 $519,827 $292,257
2022 $10,821 $796,162 $509,635 $286,527
2021 $10,609 $780,552 $499,643 $280,909
2020 $10,285 $772,549 $494,520 $278,029
2019 $10,104 $757,402 $484,824 $272,578
2018 $9,855 $742,552 $475,318 $267,234
2016 $9,477 $713,720 $456,862 $256,858
2015 $6,713 $495,691 $346,451 $149,240
2014 $6,651 $485,982 $339,665 $146,317
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15030932

California Regional Multiple Listing Service (CRMLS)

APN: 8506-002-015