NOT LISTED FOR SALE

3644 Baldwin Ave El Monte, CA 91731

Northwest El Monte Neighborhood

Estimated Value: $1,131,000 - $1,296,000

4 Beds
2 Baths
3,274 Sq Ft
$376/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $910,000 $278 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $7,604/month

43 Days on Market

Highlights

  • 0.32 Acre Lot
  • Wooded Lot
  • 2-minute walk to Baldwin Ave Mini Park
  • Rosemead High School Rated A

About This Home

As of October 2020

3644 Baldwin Ave in El Monte is a 4-unit apartment building featuring 3,274 SF of living space on a large 14,001 SF lot. Built in 1961, this property features a large driveway and detached 4-car garage. The unit mix consists of (4) 2-bed/1-bath units, each with their own private parking spaces. This is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low. Located just 3 Blocks of 10 Freeway entrance, 3644 Baldwin Ave is an excellent owner-user buy allowing for an owner to live in one unit and enjoy the top of the market rental income from the others. *This property can be sold together with the adjacent 4-unit: 3704 Baldwin Ave, El Monte.

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 07/14/2020

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Last Buyer's Agent

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 07/14/2020

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.32 Acre Lot
  • 1 Common Wall
  • Wooded Lot

Parking

  • 2 Car Garage

Home Design

  • 3,274 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 7177
  • Assessor Parcel Number 8578007007

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,310
  • Maintenance Expense $1,363
  • Other Expense $3,200
  • New Taxes Expense $13,642
  • Operating Expense $20,714
  • Gross Income $43,149
  • Net Operating Income $22,435

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Zoning: EMR3*
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8578007007
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 277.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Treed Lot
  • Lot Size Sq Ft: 14001.00
  • Lot Size Acres: 0.3214

Multi Family

  • Gross Income: 43149.00
  • Gross Scheduled Income: 45420.00
  • Insurance Expense: 1310.00
  • Lot Size Area: 14001.0000 Square Feet
  • Maintenance Expense: 1363.00
  • Net Operating Income: 22435.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7072.00
  • Other Expense: 3200.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Expenses: 20714.00

Tax Info

  • New Taxes Expense: 13642.00
  • Tax Census Tract: 4328.02
  • Tax Lot: 48
  • Tax Tract Number: 7177

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2020
Closed on
Oct 2, 2020
Sold by
Reeves Geoffrey and Reeves Brandy
Bought by
Vandoan Thanh
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
List Price
$975,000
Sold Price
$910,000
Premium/Discount to List
-$65,000
-6.67%
Current Estimated Value
$1,229,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,890
Avg. Annual Appreciation
5.98%
Original Mortgage
$412,000
Outstanding Balance
$366,452
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$863,438

Purchase Details

Listed on
Jul 14, 2020
Closed on
Sep 23, 2020
Sold by
Reeves David and Reeves Geoffrey
Bought by
Reeves Geoffrey and Reeves Brandy
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
List Price
$975,000
Sold Price
$910,000
Premium/Discount to List
-$65,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Outstanding Balance
$366,452
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$863,438

Purchase Details

Closed on
Jan 6, 2003
Sold by
Reeves Brandy
Bought by
Reeves Geoffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2000
Sold by
Reeves Michael and Reeves Deanna
Bought by
Reeves David and Reeves Geoffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
8.15%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vandoan Thanh $910,000 Chicago Title Company
Reeves Geoffrey -- Chicago Title Company
Reeves Geoffrey -- New Century Title
Reeves David -- New Century Title
Reeves David $100,000 Fidelity National Title
Reeves Michael $66,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vandoan Thanh $412,000
Previous Owner Reeves David $130,000
Previous Owner Reeves David $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2020 10/20/20 Sold $910,000 -4.2% $278 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
08/24/2020 08/24/20 Price Changed $950,000 -2.6% $290 / Sq Ft
08/24/2020 08/24/20 For Sale $975,000 0.0% $298 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $975,000 -- $298 / 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 $13,933 $985,011 $591,007 $394,004
2024 $13,933 $965,698 $579,419 $386,279
2023 $13,685 $946,763 $568,058 $378,705
2022 $13,094 $928,200 $556,920 $371,280
2021 $14,179 $910,000 $546,000 $364,000
2020 $5,665 $331,650 $177,067 $154,583
2019 $5,738 $325,148 $173,596 $151,552
2018 $5,456 $318,774 $170,193 $148,581
2016 $5,216 $306,397 $163,585 $142,812
2015 $5,158 $301,795 $161,128 $140,667
2014 $4,997 $295,884 $157,972 $137,912
Source: Public Records

Agents Affiliated with this Home

  • Brett Lyon

    Seller's Agent in 2020

    Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

    (310) 780-1899

    143 Total Sales

    Brett Lyon
    Section Image
  • Woody Stahl

    Seller Co-Listing Agent in 2020

    Woody Stahl

    Lyon Stahl Investment Real Est

    (310) 710-3829

    152 Total Sales

    Woody Stahl
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20137474

California Regional Multiple Listing Service (CRMLS)

APN: 8578-007-007

California Los Angeles County El Monte 91731 Northwest El Monte

3644 Baldwin Ave, El Monte, CA

Not Listed for Sale

MultiFamily

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