Erick Guzman
RE/MAX TOP PRODUCERS
(626) 261-7921
61 Total Sales
1 in Norwood Cherrylee
$1,250,000 Price
3720 Pine Ave El Monte, CA 91731
Norwood Cherrylee Neighborhood
6
Beds
5
Baths
2,546
Sq Ft
0.3
Acre Lot
About This Home
As of December 2021We are pleased to offer for sale this 5 unit investment property located in the city of El Monte. The property is located in the "north" section of the city, north of Ramona Blvd which is a highly desirable rental area. The subject property is comprised of 2 structures, one detached 2Bed/1Bath cottage style unit, and a second structure with 4(1Bed/1Bath) units. Tenants enjoy onsite garage and car-port parking. There is a laundry room onsite currently not in use by the tenants. The current owner has kept the rental rates well below market making this a great opportunity for the savvy investor to utilize "substantial improvement" to reposition the property and take advantage of a potential 38% upside in rental income!
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 12/07/2021
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 13,069 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Open Parking Spaces
- 2 Car Garage
- 4 Carport Spaces
Home Design
- Property Attached
Interior Spaces
- 2,546 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 6
- Tax Tract Number 11579
- Assessor Parcel Number 8568025003
- $1,707 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $283
- Fuel Expense $1,365
- Insurance Expense $2,500
- Maintenance Expense $4,000
- Other Expense $750
- Trash Expense $2,546
- Water Sewer Expense $2,260
- New Taxes Expense $15,239
- Operating Expense $28,943
- Gross Income $74,160
- Net Operating Income $42,992
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Norwood Cherrylee, CA
-
Erick Guzman
-
Bryan Cruz
Bryan Cruz
Realty One Group United
(562) 608-3678
43 Total Sales
2 in Norwood Cherrylee
$635,000 Price Range
-
Winnie Tran
Winnie Tran
AMG REAL ESTATE
(626) 605-2297
60 Total Sales
1 in Norwood Cherrylee
$699,000 Price
-
Alejandro Martinez
Alejandro Martinez
LPT Realty, Inc
(626) 593-8719
26 Total Sales
1 in Norwood Cherrylee
$90,000 Price
-
Kelly Schmit
Kelly Schmit
Fredericks Realty
(562) 502-8314
26 Total Sales
1 in Norwood Cherrylee
$975,000 Price
-
Andrew Loeffler
Andrew Loeffler
Re/Max Premier Properties
(951) 432-5235
38 Total Sales
1 in Norwood Cherrylee
$700,000 Price
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 | Prior Sale |
|---|---|---|---|---|---|
| 12/30/2021 12/30/21 | Sold | $1,150,000 | 0.0% | $452 / Sq Ft | |
| 12/09/2021 12/09/21 | Pending | -- | -- | -- | |
| 12/07/2021 12/07/21 | For Sale | $1,150,000 | +35.3% | $452 / Sq Ft | |
| 04/06/2015 04/06/15 | Sold | $850,000 | -4.9% | $334 / Sq Ft | View Prior Sale |
| 02/20/2015 02/20/15 | Pending | -- | -- | -- | |
| 11/05/2014 11/05/14 | For Sale | $894,000 | +17.0% | $351 / Sq Ft | |
| 06/15/2012 06/15/12 | Sold | $764,000 | 0.0% | $221 / Sq Ft | View Prior Sale |
| 01/17/2012 01/17/12 | Pending | -- | -- | -- | |
| 07/26/2011 07/26/11 | For Sale | $764,000 | -- | $221 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $18,619 | $1,244,794 | $934,138 | $310,656 |
| 2025 | $18,619 | $1,220,387 | $915,822 | $304,565 |
| 2024 | $17,376 | $1,196,459 | $897,865 | $298,594 |
| 2023 | $17,043 | $1,173,000 | $880,260 | $292,740 |
| 2022 | $16,428 | $1,150,000 | $863,000 | $287,000 |
| 2021 | $14,217 | $943,772 | $721,709 | $222,063 |
| 2020 | $14,179 | $934,096 | $714,309 | $219,787 |
| 2019 | $14,502 | $915,781 | $700,303 | $215,478 |
| 2018 | $14,161 | $897,825 | $686,572 | $211,253 |
| 2016 | $13,568 | $862,962 | $659,912 | $203,050 |
| 2015 | $5,866 | $324,789 | $169,570 | $155,219 |
| 2014 | $5,694 | $318,428 | $166,249 | $152,179 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Seller's Agent in 2021
Kristopher German
RE/MAX
(909) 645-0443
3 in this area
129 Total Sales
-
JA
Seller's Agent in 2015
JAIME ACUNA
EXCELLENCE RE REAL ESTATE
-
Jack Pang
Buyer's Agent in 2015
Jack Pang
Resource Real Estate Services
(626) 319-8088
22 Total Sales
-
SH
Buyer's Agent in 2012
Susan Hong
Grandmark Realty Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21260663
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.
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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