NOT LISTED FOR SALE

3700 Durfee Ave El Monte, CA 91732

River East Neighborhood
24 Beds
8 Baths
8,112 Sq Ft
0.51 Acres

Last Sold May 21, 2013

Last sale price $1,520,000 $187 Per Sq Ft

15 Days on Market

About This Home

As of May 2013

Great Opportunity to own this income property in an excellent location. 8 units total, all with 3 bedrooms and 1.5 baths. Easy to manage and high income potential. Sitting on a huge lot for future development. Don’t miss this chance to invest in an outstanding property like this. Please do not walk onto property or disturb the tenants!!

Last Agent to Sell the Property

Amy Wang

High Ten Partners, Inc. License #01349731 Listed on: 02/14/2013

High Ten Partners, Inc.

Last Buyer's Agent

TIMOTHY TSE

TSE REALTY & MANAGEMENT SERVIC License #01905123

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.51 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 8,112 Sq Ft Home
  • Property Attached
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 8 Bathrooms

Parking

  • 16 Parking Spaces
  • 8 Carport Spaces

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 10990
  • Assessor Parcel Number 8549008008

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $238
  • Gardener Expense $1,200
  • Insurance Expense $2,880
  • Professional Management Expense $6,438
  • Trash Expense $4,085
  • Water Sewer Expense $3,750
  • New Taxes Expense $19,850
  • Gross Income $10,635
  • Net Operating Income $88,950

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • CapRate: 5.60
  • Improvements Amount: 794362
  • Improvements Percent: 55.00
  • Professional Management Expense: 6438.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3750.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8549008008
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 187.38

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 8.00
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected, Water Available
  • Trash Expense: 4085.00

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 22320.00
  • Lot Size Acres: 0.5120

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average3 Bed Area: 1014
  • Electric Expense: 238.00
  • Gross Income: 10635.00
  • Gross Multiplier: 12.44
  • Gross Scheduled Income: 127620.00
  • Gross Spendable Income: 88950.00
  • Insurance Expense: 2880.00
  • Lot Size Area: 22320.0000 Square Feet
  • Net Operating Income: 88950.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 38669.00
  • Rent Control: No
  • Total Actual Rent: 10635.00

Tax Info

  • New Taxes Expense: 19850.00
  • Tax Lot: 7
  • Tax Tract Number: 10990

Range of Values:

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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 Change Sq Ft Price
05/21/2013 05/21/13 Sold $1,520,000 -4.3% $187 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
02/14/2013 02/14/13 For Sale $1,588,000 -- $196 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Amy Wang

    Seller's Agent in 2013

    Amy Wang

    High Ten Partners, Inc.

    (626) 462-5612

    21 Total Sales

    Section Image

  • T

    Buyer's Agent in 2013

    TIMOTHY TSE

    TSE REALTY & MANAGEMENT SERVIC

    (323) 657-7591

    5 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13023588

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County El Monte 91732 River East

3700 Durfee Ave, El Monte, CA

This home is located at 3700 Durfee Ave, El Monte, CA 91732 since 14 February 2013. This property was built in 1972. 3700 Durfee Ave is a home located in Los Angeles County with nearby schools including Twin Lakes Elementary and Mountain View High.

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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