Seller's Agent in 2016
Luis Sequeira
RE/MAX
(626) 826-5988
80 Total Sales
3830 Durfee Ave El Monte, CA 91732
River East NeighborhoodEstimated Value: $1,554,000 - $1,992,000
10
Beds
6
Baths
4,546
Sq Ft
$374/Sq Ft
Est. Value
Highlights
- 21,870 Sq Ft lot
- No HOA
- Front Yard
About This Home
As of July 2016Multi-Family investment property in El Monte, CA. Offered at a 5% capitalization rate, this fully occupied quadruplex property generates a positive rate of return with rental upside perfect for a 1031 exchange, first time investment property or an owner-user buyer.
Situated on approximately 21,869 sqft (0.5 acre) with major street access from Durfee Avenue between Ramona Blvd and I-10 at Garvey Avenue, this property includes four freestanding single story units with individual laundry hook ups and three two-car garages to total ten bedrooms and 6 bathrooms.
Located in a dense infill suburban market located 0/5 miles north of I-10 freeway, near the 605 freeway interchange, this area in El Monte is an excellent locale for continued rental demand
Last Agent to Sell the Property
RE/MAX MASTERS REALTY License #01206477 Listed on: 03/30/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 0.5 Acre Lot
- No Common Walls
- Front Yard
Parking
- 6 Car Garage
Home Design
- 4,546 Sq Ft Home
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 1109
- Tax Tract Number 1
- Assessor Parcel Number 8549005001
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $2,000
- Trash Expense $1,200
- New Taxes Expense $13,483
- Gross Income $5,625
- Net Operating Income $48,597
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 7, 2016
Sold by
Pappas Phillip and The Pappas Property Trust
Bought by
Briwood Corp
Current Estimated Value
Purchase Details
Closed on
Feb 24, 1997
Sold by
Johnson Rebecca
Bought by
Pappas James and Pappas Property Trust
Purchase Details
Closed on
Sep 23, 1996
Sold by
Pappas Family Trust and James John
Bought by
Pappas Penelope and Sakatos Mary Stella
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Briwood Corp | $1,060,000 | Orange Coast Title Co Socal | |
| Pappas James | -- | -- | |
| Pappas James | -- | -- | |
| Pappas James | -- | -- | |
| Pappas James | -- | -- | |
| Pappas Penelope | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/22/2016 07/22/16 | Sold | $1,060,000 | +9.3% | $233 / Sq Ft |
| 04/05/2016 04/05/16 | Pending | -- | -- | -- |
| 03/30/2016 03/30/16 | For Sale | $970,000 | -- | $213 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $17,276 | $1,230,214 | $812,407 | $417,807 |
| 2024 | $17,276 | $1,206,093 | $796,478 | $409,615 |
| 2023 | $17,003 | $1,182,445 | $780,861 | $401,584 |
| 2022 | $16,359 | $1,159,260 | $765,550 | $393,710 |
| 2021 | $16,757 | $1,136,531 | $750,540 | $385,991 |
| 2020 | $16,262 | $1,124,879 | $742,845 | $382,034 |
| 2019 | $16,245 | $1,102,824 | $728,280 | $374,544 |
| 2018 | $15,447 | $1,081,200 | $714,000 | $367,200 |
| 2016 | $2,217 | $97,907 | $29,379 | $68,528 |
| 2015 | $2,191 | $96,437 | $28,938 | $67,499 |
| 2014 | $2,188 | $94,549 | $28,372 | $66,177 |
Source: Public Records
Agents Affiliated with this Home
-
Luis Sequeira
-
Dennis Wat
D
Buyer's Agent in 2016
Dennis Wat
HOMEQUEST REAL ESTATE
(626) 967-1779
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV16065641
APN: 8549-005-001
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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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