Mark Lear
WERE Real Estate Inc
(657) 223-8121
353 Total Sales
1 in River East
$630,000 Price
3438 Gilman Rd El Monte, CA 91732
River East NeighborhoodEstimated Value: $945,699
5
Beds
4
Baths
2,446
Sq Ft
$387/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
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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 in unit
- 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
Amenities
- Laundry Facilities
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
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
Jan 25, 2024
Closed on
Jun 26, 2024
Sold by
Bought by
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
3774
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
$30,699
Avg. Annual Appreciation
1.60%
Original Mortgage
$640,500
Interest Rate
6.94%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 25, 2024
Closed on
May 20, 2024
Sold by
Bought by
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
3774
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,500
Interest Rate
6.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 11, 2022
Sold by
Bought by
Purchase Details
Closed on
Jun 14, 2013
Sold by
Bought by
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
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in River East, CA
-
Mark Lear
-
Rene Perez
Rene Perez
CONTEXTRE
(707) 873-7840
44 Total Sales
1 in River East
$785,000 Price
-
Jeffrey Russell
Jeffrey Russell
Russell Realty Group
(626) 604-2792
115 Total Sales
1 in River East
$608,000 Price
-
Jonathan Khaw
Jonathan Khaw
First Team Real Estate
(562) 222-5872
23 Total Sales
1 in River East
$569,000 Price
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
172 Total Sales
2 in River East
$1,050,000 Price Range
-
Mario Mariscal
Mario Mariscal
Better Homes and Gardens RE
(562) 471-4695
108 Total Sales
1 in River East
$640,000 Price
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 |
|---|---|---|---|
| $915,000 | Chicago Title Company | ||
| $915,000 | Chicago Title Company | ||
| -- | None Listed On Document | ||
| -- | Accommodation | ||
| -- | Wfg Title Company Of Ca | ||
| -- | None Available |
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 | $665,000 | ||
| Closed | $640,500 | ||
| Closed | $640,500 | ||
| Previous Owner | $260,000 | ||
| Previous Owner | $297,500 |
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 2025 | $13,581 | $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
Seller's Agent in 2024
Kristopher German
RE/MAX
(909) 645-0443
1 in this area
127 Total Sales
-
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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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