NOT LISTED FOR SALE

Estimated Value: $1,853,000 - $2,172,529

12 Beds
2 Baths
2,820 Sq Ft
$714/Sq Ft Est. Value

Last Sold May 22, 2013

Last sale price $1,025,000 $363 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $12,929/month

1 Day on Market

About This Home

As of May 2013

We are proud to exclusively present this 6 unit apartment building located in North El Monte, the most desirable area of this submarket. This investment opportunity is of newer construction, built in 1979. All units are abnormally large compared to surrounding product, averaging 940 square feet each and are also All 2Bd + 2Ba units each. The building offers over 2 parking spaces per unit, 8 carport and 6 open parking spaces, and a laundry room for additional income. The property will provide great cash flow to a new investor looking for an investment requiring minimal capital infusion or an experienced investor looking to add a turnkey building to their portfolio.

Last Listed By

Enrique Viramontes

Remax Commercial and Investment Realty License #01372010 Listed on: 03/07/2013

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,960

Year Built

  • Built in 1979

Lot Details

  • 9,692 Sq Ft Lot

Interior Spaces

  • 2,820 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 2 Bathrooms

Parking

  • 14 Parking Spaces
  • Carport

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 8549-025-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,960

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2820
  • Stories: 1
  • Year Built: 1979
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 363.48

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 14

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 248582
  • Assessed Land Value: 554878
  • Assessor Parcel Number: 8549-025-025
  • Geocode Override: No
  • Lot Size Area: 9692

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 11.28
  • Number Of Units: 6
  • Total Annual Expense: 30322
  • Type Of Units: Apartment
  • Vacancy Rate: 5%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2014
Sold by
Kps Two Properties Llc
Bought by
Kan Living Trust
Total Days on Market
1
Current Estimated Value
$2,012,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
4.28%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 7, 2013
Closed on
May 10, 2013
Sold by
Li Chung Ming and Li Jen
Bought by
Kps Two Properties Llc
Seller's Agent
Enrique Viramontes
Remax Commercial and Investment Realty
Buyer's Agent
Enrique Viramontes
Remax Commercial and Investment Realty
List Price
$1,025,000
Sold Price
$1,025,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.13%
Original Mortgage
$666,250
Interest Rate
3.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2003
Sold by
Ma Jeff Jian Zhi and Ma Sandy Ying Ying
Bought by
Li Chung Ming and Li Jen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 1998
Sold by
Wong Henry C and Wong Donna K
Bought by
Wong Henry Chuen Tsat and Wong Henry C

Purchase Details

Closed on
Apr 3, 1997
Sold by
Lam Sharon L
Bought by
Ma Jeff Jian Zhi and Ma Sandy Ying Ying

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.55%
Mortgage Type
Commercial

Range of Values:

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Average Value
Not Available
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
Kan Living Trust $1,140,000 Title 365
Kps Two Properties Llc $1,025,010 Ticor Title Company
Li Chung Ming $724,000 Stewart Title Of Ca Inc
Wong Henry Chuen Tsat -- --
Ma Jeff Jian Zhi $250,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yee Kan Frank $750,000
Closed Kan Living Trust $680,000
Previous Owner Kps Two Properties Llc $666,250
Previous Owner Li Chung Ming $430,000
Previous Owner Ma Jeff Jian Zhi $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2013 05/22/13 Sold $1,025,000 0.0% $363 / Sq Ft
03/08/2013 03/08/13 Pending -- -- --
03/07/2013 03/07/13 For Sale $1,025,000 0.0% $363 / Sq Ft
07/16/2012 07/16/12 Rented $1,150 -2.1% --
07/13/2012 07/13/12 Under Contract -- -- --
05/31/2012 05/31/12 For Rent $1,175 -- --
Source: The MLS

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
2024 $19,960 $1,370,074 $841,275 $528,799
2023 $19,647 $1,343,211 $824,780 $518,431
2022 $18,912 $1,316,874 $808,608 $508,266
2021 $19,357 $1,291,053 $792,753 $498,300
2019 $18,772 $1,252,762 $769,241 $483,521
2018 $18,027 $1,228,199 $754,158 $474,041
2016 $16,581 $1,180,509 $724,874 $455,635
2015 $16,407 $1,162,777 $713,986 $448,791
2014 $14,677 $1,029,653 $713,223 $316,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-656245

The MLS

APN: 8549-025-025