NOT LISTED FOR SALE

348 N 4th St Montebello, CA 90640

Estimated Value: $1,091,697 - $1,352,000

10 Beds
7 Baths
5,108 Sq Ft
$246/Sq Ft Est. Value

Last Sold January 07, 2013

Last sale price $451,000 $88 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $7,202/month

1 Day on Market

Highlights

  • Contemporary Architecture
  • Tile Flooring
  • Central Heating
  • Storage

About This Home

As of January 2013

*** SHORT SALE*** 4 Unit Propety well maintained. Perfect for first time home buyers. Subject to interior inspection. 2.-2bed/1.5bunits , 1. 2bed/2ba unit & 1.- 4bed/3ba unit. building inlcudes a rec room and Laundry room. (Do not contact tenants or owner, Please call listing agent!!)

Last Agent to Sell the Property

Sonia Hernandez

Wallstreet Realty License #01492506 Listed on: 12/02/2012

Last Buyer's Agent

Sonia Hernandez

Wallstreet Realty License #01492506 Listed on: 12/02/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 6,266

Parking

  • 1 Car Garage

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 5,108 Sq Ft Home
  • Storage

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Additional Features

  • 6,266 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 16
  • Tax Tract Number 7056
  • Assessor Parcel Number 6346007025

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Trash Expense $1,770
  • Water Sewer Expense $2,000
  • New Taxes Expense $5,625
  • Gross Income $6,055
  • Net Operating Income $72,660

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 16.15
  • View: No
  • Water Sewer Expenses: 2000.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6346007025
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Storage
  • Flooring: Laminate, Carpet, Tile
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 88.29

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Trash Expense: 1770.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6266.00
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Gross Income: 6055.00
  • Gross Multiplier: 5.86
  • Gross Scheduled Income: 76740.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 72660.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Operating Expense: 4080.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 5625.00
  • Tax Area: 6330
  • Tax Lot: 16
  • Tax Tract Number: 7056

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2018
Sold by
Torosian Peter J
Bought by
Torosian Peter J and Kupelian Mary Ann
Current Estimated Value
$1,256,674

Purchase Details

Listed on
Dec 2, 2012
Closed on
Dec 19, 2012
Sold by
Torosian Mariam
Bought by
Torosian Peter J
Seller's Agent
Sonia Hernandez
Wallstreet Realty
Buyer's Agent
Sonia Hernandez
Wallstreet Realty
List Price
$450,000
Sold Price
$451,000
Premium/Discount to List
$1,000
0.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%

Purchase Details

Closed on
Oct 3, 2012
Sold by
Kupelian Misak M and Kupelian Paylazun
Bought by
Torosian Peter J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,250
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2001
Sold by
Kupelian Misak
Bought by
Kupelian Misak M and Kupelian Paylazun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.06%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Torosian Peter J -- Accommodation
Torosian Peter J -- Pacific Coast Title Company
Torosian Peter J $451,000 Pacific Coast Title Company
Kupelian Misak M -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torosian Peter J $338,250
Previous Owner Kupelian Misak M $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2013 01/07/13 Sold $451,000 +0.2% $88 / Sq Ft
12/03/2012 12/03/12 Pending -- -- --
12/02/2012 12/02/12 For Sale $450,000 -- $88 / 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 $8,107 $555,362 $246,282 $309,080
2024 $8,107 $544,473 $241,453 $303,020
2023 $8,101 $533,798 $236,719 $297,079
2022 $7,837 $523,332 $232,078 $291,254
2021 $7,560 $513,072 $227,528 $285,544
2019 $7,277 $497,856 $220,780 $277,076
2018 $7,348 $488,095 $216,451 $271,644
2016 $6,985 $469,144 $208,047 $261,097
2015 $6,605 $462,098 $204,922 $257,176
2014 $6,532 $453,047 $200,908 $252,139
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1206174

California Regional Multiple Listing Service (CRMLS)

APN: 6346-007-025