NOT LISTED FOR SALE

3511 Gibson Rd El Monte, CA 91731

Northwest El Monte Neighborhood
12 Beds
8 Baths
5,470 Sq Ft
0.64 Acres

Last Sold April 15, 2014

Last sale price $1,090,000 $199 Per Sq Ft

113 Days on Market

About This Home

As of April 2014

7 unit multi-family property located in El Monte. The subject property has very low historical turnover befitting the high demand for rental units in the area. Unit mix is comprised of (1) 3 Bed/1 Bath single story house, (1) 3 Bed/2 Bath single story house, (1) 2 Bed/1 Bath single story house, and (4) 1 Bed/1 Bath units. The huge 27,007 square foot lot provides numerous off-street parking spaces and gives tenants a sense of privacy. Most units are occupied by long-term tenants, all units have separate water heaters & are separately metered for gas and electricity, and currents rents are 15% below market which allows for a value-add opportunity. *DO NOT ENTER ON THE PROPERTY! DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

James Torres

Remax Commercial and Investment Realty License #01790791 Listed on: 09/20/2013

Remax Commercial and Investment Realty

Last Buyer's Agent

Kelly Chiu

License #01438034

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 0.64

Interior Spaces

  • 5,470 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 7 Parking Spaces
  • Private Parking

Additional Features

  • 0.64 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 8578-006-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5470
  • Stories: 2
  • Year Built: 1967
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 210.24

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Private
  • Total Parking: 7

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 216400
  • Assessed Land Value: 704694
  • Assessor Parcel Number: 8578-006-001
  • Geocode Override: No
  • Lot Size Area: 28033

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.40
  • Number Of Units: 7
  • Rent Control: 0
  • Type Of Units: Apartments

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

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2014 04/15/14 Sold $1,090,000 -5.2% $199 / Sq Ft
01/11/2014 01/11/14 Pending -- -- --
09/20/2013 09/20/13 For Sale $1,150,000 -- $210 / Sq Ft
Source: The MLS

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 $22,836 $1,598,454 $1,117,717 $480,737
2024 $22,836 $1,567,112 $1,095,801 $471,311
2023 $22,436 $1,536,385 $1,074,315 $462,070
2022 $21,481 $1,506,260 $1,053,250 $453,010
2021 $21,765 $1,476,727 $1,032,599 $444,128
2020 $21,679 $1,461,586 $1,022,011 $439,575
2019 $22,024 $1,432,928 $1,001,972 $430,956
2018 $21,593 $1,404,832 $982,326 $422,506
2016 $20,667 $1,350,282 $944,182 $406,100
2015 $17,395 $1,111,778 $713,986 $397,792
2014 $14,765 $943,780 $722,050 $221,730
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    James Torres

    RE/MAX

    Section Image

  • K

    Buyer's Agent in 2014

    Kelly Chiu

See All Agents

Map

Source: The MLS

MLS Number: 14-734361

The MLS
California Los Angeles County El Monte 91731 Northwest El Monte

3511 Gibson Rd, El Monte, CA

Not Listed for Sale

MultiFamily

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