Seller's Agent in 2024
Kristopher German
RE/MAX
(909) 645-0443
2 in this area
127 Total Sales
3438 Gilman Rd El Monte, CA 91732
River East NeighborhoodEstimated Value: $932,446 - $1,037,000
5
Beds
4
Baths
2,446
Sq Ft
$398/Sq Ft
Est. Value
About This Home
As of July 2024JUST REDUCED! We are pleased to present a 4-Unit multi-family investment opportunity in the prime area of North El Monte. This fourplex features (1) 2-Bed/1-Bath unit, and (3) 1-Bed/1-Bath units. Tenants have access to on-site carport parking and yard space. Each unit is separately metered for gas and electricity. This property offers a substantial 45% potential upside in rental income, making it an attractive prospect for maximizing return on investment. Moreover, the property enjoys the advantage of no local city rent control, giving you the flexibility to reposition tenants with a "substantial remodel" approach in an effort to obtain competitive rental rates, and optimize your investment strategy. One unit to be delivered vacant at the close of escrow.
Last Agent to Sell the Property
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 01/25/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 5,300 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 2,446 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 4 Parking Spaces
- 4 Carport Spaces
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 7 / A
- Tax Tract Number 10770
- Assessor Parcel Number 8549041002
- $1,002 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $204
- Insurance Expense $2,500
- Maintenance Expense $3,000
- Trash Expense $2,676
- Water Sewer Expense $2,016
- New Taxes Expense $12,425
- Operating Expense $22,821
- Gross Income $68,940
- Net Operating Income $44,051
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 25, 2024
Closed on
May 20, 2024
Sold by
Santos Dion P and Fami Linda
Bought by
Nghiem Ronny Hoang Xuan and Le Phoebe Phuong
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
KELLY NGO
MARY JANE BROSOWSKE, BROKER
List Price
$950,000
Sold Price
$915,000
Premium/Discount to List
-$35,000
-3.68%
Views
3781
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,862
Avg. Annual Appreciation
4.08%
Original Mortgage
$640,500
Outstanding Balance
$630,452
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$343,410
Purchase Details
Closed on
Mar 11, 2022
Sold by
Dion P Santos P and Dion Linda S
Bought by
Dion P Santos Jr And Linda S Santos Family Tr and Santos
Purchase Details
Closed on
Jun 14, 2013
Sold by
Santos Dion P and Santos Linda S
Bought by
Santos Dion P and Santos Linda S
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
3.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 17, 2008
Sold by
Santos Dion P and Santos Linda S
Bought by
Santos Dion P and Santos Linda S
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nghiem Ronny Hoang Xuan | $915,000 | Chicago Title Company | |
| Dion P Santos Jr And Linda S Santos Family Tr | -- | None Listed On Document | |
| Santos Dion P | -- | Wfg Title Company Of Ca | |
| Santos Dion P | -- | Accommodation | |
| Santos Dion P | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nghiem Ronny Hoang Xuan | $640,500 | |
| Previous Owner | Santos Dion P | $260,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/03/2024 07/03/24 | Sold | $915,000 | -3.7% | $374 / Sq Ft |
| 04/25/2024 04/25/24 | Pending | -- | -- | -- |
| 03/20/2024 03/20/24 | Price Changed | $950,000 | 0.0% | $388 / Sq Ft |
| 03/20/2024 03/20/24 | For Sale | $950,000 | -2.6% | $388 / Sq Ft |
| 02/14/2024 02/14/24 | Pending | -- | -- | -- |
| 01/25/2024 01/25/24 | For Sale | $975,000 | -- | $399 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $5,494 | $915,000 | $503,000 | $412,000 |
| 2024 | $5,494 | $342,441 | $64,721 | $277,720 |
| 2023 | $5,407 | $335,727 | $63,452 | $272,275 |
| 2022 | $5,214 | $329,145 | $62,208 | $266,937 |
| 2021 | $5,311 | $322,692 | $60,989 | $261,703 |
| 2019 | $5,159 | $313,123 | $59,181 | $253,942 |
| 2018 | $4,945 | $306,984 | $58,021 | $248,963 |
| 2016 | $4,570 | $295,066 | $55,769 | $239,297 |
| 2015 | $4,519 | $290,635 | $54,932 | $235,703 |
| 2014 | $4,446 | $284,942 | $53,856 | $231,086 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
-
KELLY NGO
K
Buyer's Agent in 2024
KELLY NGO
MARY JANE BROSOWSKE, BROKER
(818) 802-2828
1 in this area
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24015480
APN: 8549-041-002
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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