NOT LISTED FOR SALE

Estimated Value: $964,000 - $981,135

3 Beds
3 Baths
1,970 Sq Ft
$494/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $915,000 $464 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,980/month

12 Days on Market

Highlights

  • Laundry Room
  • Rosemead High School Rated A
  • 1-Story Property

About This Home

As of May 2024

All units are vacant already , No tenants live inside now.Investor's Dream in El Monte! Built in 1961, this triplex with each unit comprising 1 bedroom and 1 bathroom,and each unit is very easy to convert into 2 bedroom and 1 bathroom, the first unit is a totally one story signle family house with large front yard, the back home is 2 stories , each floor has one bedroom and one bacthroom and [one kitchen, easy to do it 2 bedroom, the back home has separate entry. yach offers a remarkable opportunity for those with vision. While it may require some TLC, the property sits on a spacious 8,045 sqft lot adorned with thriving landscaping including citrus trees and a massive avocado tree, adding charm and potential to the space. With a total of 1,970 sqft spread across all three units, there's plenty of room for creative renovation. This is your chance to tap into El Monte's growing real estate market and transform this property into a lucrative investment or unique living spaces. The ARV(After remodelling value) , the conservative estimate after renovation is approximately 1.25 million in market value

Last Agent to Sell the Property

Yanping Sun

Pacific Sterling Realty Brokerage Phone: 626-264-0395 License #02028271 Listed on: 03/22/2024

Pacific Sterling Realty

Last Buyer's Agent

Sunny Lee

Sunshine International Inv., Inc. License #01852431

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,893

Year Built

  • Built in 1961

Lot Details

  • 8,045 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 1,970 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 11130
  • Assessor Parcel Number 8578013014
  • $1,482 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,893

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Price Per Unit: 298333
  • Property Attached: No
  • Zoning: EMR3*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 8578013014
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 464.47

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8045.00
  • Lot Size Acres: 0.1847

Multi Family

  • Lot Size Area: 8045.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4328.01
  • Tax Lot: 16
  • Tax Tract Number: 11130
  • TaxOtherAnnualAssessmentAmount: 1482.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2024
Closed on
May 10, 2024
Sold by
Sun Yaxin
Bought by
Sun Nan and Fu Yao
Seller's Agent
Yanping Sun
Pacific Sterling Realty
Buyer's Agent
Sunny Lee
Sunshine International Inv., Inc.
List Price
$895,000
Sold Price
$915,000
Premium/Discount to List
$20,000
2.23%
Views
49
Current Estimated Value
$972,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,534
Avg. Annual Appreciation
4.45%
Original Mortgage
$686,250
Outstanding Balance
$676,517
Interest Rate
6.82%
Mortgage Type
Credit Line Revolving
Estimated Equity
$296,017
Source: Public Records

Range of Values:

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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
Sun Nan $915,000 Wfg National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sun Nan $686,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2024 05/17/24 Sold $915,000 0.0% $464 / Sq Ft
04/09/2024 04/09/24 Off Market $915,000 -- --
03/22/2024 03/22/24 For Sale $895,000 +29.7% $454 / Sq Ft
11/02/2023 11/02/23 Sold $690,000 -5.5% $350 / Sq Ft View Prior Sale
10/24/2023 10/24/23 For Sale $730,000 0.0% $371 / Sq Ft
10/06/2023 10/06/23 Pending -- -- --
09/29/2023 09/29/23 For Sale $730,000 -- $371 / 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 $9,893 $933,300 $743,580 $189,720
2024 $9,893 $690,000 $550,000 $140,000
2023 $1,614 $56,254 $22,352 $33,902
2022 $2,182 $55,152 $21,914 $33,238
2021 $2,144 $54,072 $21,485 $32,587
2020 $2,027 $53,518 $21,265 $32,253
2019 $2,010 $52,470 $20,849 $31,621
2018 $1,912 $51,442 $20,441 $31,001
2016 $1,781 $49,448 $19,649 $29,799
2015 $1,341 $48,706 $19,354 $29,352
2014 $1,732 $47,753 $18,975 $28,778
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR24057591

California Regional Multiple Listing Service (CRMLS)

APN: 8578-013-014