
Seller's Agent in 2022
Rick Raymundo
Marcus & Millichap
(818) 219-6146
2 in this area
68 Total Sales
Estimated Value: $1,763,000 - $1,780,765
Situated within an attractive suburban neighborhood of the desirable San Gabriel Valley, this offering is available for the first time in nearly 45 years. The spacious parcel spans 13,841 square feet of land and includes a two bedroom house along with four additional apartment units. Every unit features its own private yard, while four of the units also include washer/dryer hookups for tenants. A new investor can reposition the asset to capitalize on high rental rates in the immediate area. Current income sits approximately 45% below market rates, allowing an owner to improve revenue significantly. In addition, an owner could explore the possibility of creating new ADUs from the existing garage space, which could dramatically increase the property value. The building is not on the seismic retrofit list (Buyer to verify), which lowers future maintenance costs considerably. The roofs on all three buildings have also been replaced in recent years. Located near the intersection of Garvey Avenue and Garfield Avenue, the property is within blocks of several popular local restaurants and shops. A Walmart Supercenter, CVS, 7-Eleven, Ralphs, AMC Theaters, and 24 Hour Fitness are all within a short distance of the property. Residents can also visit the Montebello Town Square, The Shops at Montebello, and Alhambra Place, all within miles of the parcel. Tenants also enjoy convenient access to the 10, 60, and 710 Freeways.
Last Agent to Sell the Property
Marcus & Millichap License #01357019 Listed on: 02/04/2022
Co-Listed By
Justino Faaola
Marcus & Millichap License #02038198
Home Type
Est. Annual Taxes
Year Built
Lot Details
Interior Spaces
Bedrooms and Bathrooms
Parking
Community Details
Listing and Financial Details
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Cora Yuen Chu Revocable Trust | -- | -- | |
Chu Cora Yuen | $1,645,000 | Chicago Title | |
Chu Cora Y | -- | Chicago Title | |
Li Ma Paul S P | -- | Benevest Title | |
Li Ma Paul S P | -- | Benefit Title |
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Open | Cora Yuen Chu Revocable Trust | $1,260,000 | |
Previous Owner | Chu Cora Yuen | $1,100,000 | |
Previous Owner | Ma Jean Li | $150,000 | |
Previous Owner | Ma Jean Li | $150,000 | |
Previous Owner | Li Ma Paul S P | $150,000 |
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
03/24/2022 03/24/22 | Sold | $1,645,000 | +9.7% | $513 / Sq Ft |
03/02/2022 03/02/22 | Pending | -- | -- | -- |
02/04/2022 02/04/22 | For Sale | $1,500,000 | -- | $468 / Sq Ft |
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 | $23,337 | $1,711,458 | $1,087,218 | $624,240 |
2023 | $22,775 | $1,677,900 | $1,065,900 | $612,000 |
2022 | $18,270 | $1,363,502 | $984,754 | $378,748 |
2021 | $4,604 | $247,545 | $73,399 | $174,146 |
2019 | $4,476 | $240,205 | $71,223 | $168,982 |
2018 | $4,261 | $235,496 | $69,827 | $165,669 |
2016 | $3,983 | $226,353 | $67,116 | $159,237 |
2015 | $3,925 | $222,954 | $66,108 | $156,846 |
2014 | $3,910 | $218,588 | $64,814 | $153,774 |
Seller's Agent in 2022
Rick Raymundo
Marcus & Millichap
(818) 219-6146
2 in this area
68 Total Sales
J
Seller Co-Listing Agent in 2022
Justino Faaola
Marcus & Millichap
Source: The MLS
MLS Number: 22-125003
APN: 5259-003-050