NOT LISTED FOR SALE

3441 Lexington Ave El Monte, CA 91731

Downtown El Monte Neighborhood

Estimated Value: $922,000 - $1,156,000

4 Beds
3 Baths
2,088 Sq Ft
$485/Sq Ft Est. Value

Last Sold May 15, 2018

Last sale price $675,000 $323 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,248/month

8 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • Front Yard
  • El Monte High School Rated A-

About This Home

As of May 2018

Great Location North El Monte , very Close to MTA bus terminal, walking distance to shopping Mall , Take a look at this great Income Property ! Title shows 3 Units , However, First two Units were converted into a big house 3 bedrooms 2 Bath, it could be converted back to 3 units. The units were : 2/1 1/1 - 1/1. Do not wait on this one !

Last Agent to Sell the Property

Jorge Murcia

Realty Masters & Associates Brokerage Phone: 951-833-7356 License #00941835 Listed on: 03/07/2018

Realty Masters & Associates

Last Buyer's Agent

Yvonne Zhan

RE/MAX 1000 REALTY License #01918494

RE/MAX 1000 REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,844

Year Built

  • Built in 1917

Lot Details

  • 7,228 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 2,088 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 32
  • Tax Tract Number 433200
  • Assessor Parcel Number 8579006007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $600
  • New Taxes Expense $2,219
  • Operating Expense $4,019
  • Net Operating Income $9,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,844

Year Built

Built in 1917

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: EMR3YY
  • Property Type: Residential Income
  • Parcel Number: 8579006007
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 323.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7228.00
  • Lot Size Acres: 0.1659

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7228.0000 Square Feet
  • Net Operating Income: 9320.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 26680.00
  • Rent Control: No
  • Total Expenses: 4019.00

Tax Info

  • New Taxes Expense: 2219.00
  • Tax Census Tract: 4332.00
  • Tax Lot: 32
  • Tax Tract Number: 433200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2020
Sold by
Huang Zhong Nan and Lai Wong Kuan
Bought by
Huang Zhong Nan and Lai Wong Kuan
Current Estimated Value
$1,012,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Outstanding Balance
$327,977
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$670,585

Purchase Details

Closed on
Oct 5, 2018
Sold by
Huang Zhong Nan and Lai Wong Kuan
Bought by
Lai Wong Kuan and Huang Hong Nan

Purchase Details

Listed on
Mar 7, 2018
Closed on
Mar 22, 2018
Sold by
Cisneros Arturo and Cisneros Flora
Bought by
Huang Zhong Nan and Lai Wong Kuan
Seller's Agent
Jorge Murcia
Realty Masters & Associates
Buyer's Agent
Yvonne Zhan
RE/MAX 1000 REALTY
List Price
$660,000
Sold Price
$675,000
Premium/Discount to List
$15,000
2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%
Original Mortgage
$374,000
Interest Rate
4.44%
Mortgage Type
New Conventional
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
Huang Zhong Nan -- Wfg National Title Company
Huang Zhong Nan -- Wfg National Title Company
Lai Wong Kuan -- None Available
Huang Zhong Nan $675,000 Pacific Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Zhong Nan $370,000
Previous Owner Huang Zhong Nan $374,000
Previous Owner Cisneros Arturo $205,000
Previous Owner Cisneros Arturo $50,000
Previous Owner Cisneros Arturo $134,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2018 05/15/18 Sold $675,000 +2.3% $323 / Sq Ft
03/07/2018 03/07/18 For Sale $660,000 -- $316 / 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
2025 $10,844 $778,829 $534,777 $244,052
2024 $10,844 $763,559 $524,292 $239,267
2023 $10,631 $748,588 $514,012 $234,576
2022 $10,237 $733,911 $503,934 $229,977
2021 $10,376 $719,521 $494,053 $225,468
2020 $10,347 $712,145 $488,988 $223,157
2019 $10,451 $688,500 $479,400 $209,100
2018 $2,259 $109,434 $57,504 $51,930
2016 $2,156 $105,186 $55,272 $49,914
2015 $2,130 $103,607 $54,442 $49,165
2014 $2,081 $101,578 $53,376 $48,202
Source: Public Records

Agents Affiliated with this Home

  • Jorge Murcia

    Seller's Agent in 2018

    Jorge Murcia

    Realty Masters & Associates

    (800) 570-6999

    11 Total Sales

    Jorge Murcia
    Section Image

  • Y

    Buyer's Agent in 2018

    Yvonne Zhan

    RE/MAX

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18055856

California Regional Multiple Listing Service (CRMLS)

APN: 8579-006-007

California Los Angeles County El Monte 91731 Downtown El Monte

3441 Lexington Ave, El Monte, CA

This home is located at 3441 Lexington Ave, El Monte, CA 91731 since 07 March 2018 and is currently estimated at $1,012,077, approximately $484 per square foot. This property was built in 1917. 3441 Lexington Ave is a home located in Los Angeles County with nearby schools including Columbia School, El Monte High School, and Nativity Catholic School.

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.

California Regional Multiple Listing Service (CRMLS) 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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