NOT LISTED FOR SALE
12 Beds
8 Baths
5,470 Sq Ft
0.64 Acre Lot

Sale Details

Date 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

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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

  • 28,033 Sq Ft 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

0.64 Acres

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

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

Closed on
Mar 21, 2017
Sold by
Ma Yung Chang and Ma Hsiu Lien Chan
Bought by

Purchase Details

Closed on
May 22, 2015
Sold by
Chiu Jimmy Ping Yuk and Chiu Veronica Yuk Lin
Bought by
Ma Yung Chang and Ma Hsiu Lien Chan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,007
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2014
Sold by
Castro Mario
Bought by
Chiu Jimmy Ping Yuk and Chiu Veronica Yuk Lin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 2005
Sold by
Castro Irma G
Bought by
Castro Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,400
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 8, 2005
Sold by
Davidson Frank A and Davidson Judith A
Bought by
Castro Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,400
Interest Rate
5.84%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
Ma Yung Chang $1,330,000 First American Title Ins Co
Chiu Jimmy Ping Yuk $1,090,000 Fidelity National Title Co
Castro Mario -- --
Castro Mario $830,000 --
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 $600,000
Closed Ma Yung Chang $522,007
Previous Owner Chiu Jimmy Ping Yuk $507,000
Previous Owner Castro Mario $615,000
Previous Owner Castro Mario $549,400
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
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

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
2026 $24,077 $1,630,422 $1,140,071 $490,351
2025 $24,077 $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

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Map

Source: The MLS

MLS Number: 14-734361

The MLS
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