NOT LISTED FOR SALE
17 Beds
9 Baths
8,484 Sq Ft
0.5 Acres

Last Sold July 11, 2017

Last sale price $2,300,000 $271 Per Sq Ft

215 Days on Market

About This Home

As of July 2017

This 1986 construction apartment building with 8 units provides excellent income for the savvy investor, boasts no vacancy at this time, and is located in the heart of El Monte. Most units have had AC updated in the past two years and many have had recently updated kitchens and stoves. Well maintained, this building rarely sees any vacancies and boasts an impressive rent roll. This multi family property is your chance to add a great multi family property to your portfolio. 6 rear Units are 2 bed 1.5 bath each; 1 front unit is 3 bed and 2 bath and the other is 2 bed and 1 bath. All units have two car garage. All information deemed to be reliable but not guaranteed. Buyer to do own due diligence on all aspects of property.

Last Agent to Sell the Property

Paul Huang

Cornerstone Premier Properties License #01895549 Listed on: 07/14/2016

Cornerstone Premier Properties

Last Buyer's Agent

R. Ann Ellis-Hall

Ellis-Hall & Associates License #01100379

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.5 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls

Parking

  • 16 Car Garage

Home Design

  • 8,484 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 9 Bathrooms

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 3
  • Tax Tract Number 11097
  • Assessor Parcel Number 8549005005

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $700
  • Gardener Expense $6,000
  • Insurance Expense $3,000
  • Maintenance Expense $10,300
  • Trash Expense $5,000
  • Water Sewer Expense $5,000
  • Operating Expense $36,000
  • Gross Income $11,180
  • Net Operating Income $98,160

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

16

Listing Details

  • CapRate: 4.20
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 5000.00
  • Property Type: Residential Income
  • Gardener Expense: 6000.00
  • Parcel Number: 8549005005
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Price Per Square Foot: 271.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 16.00
  • Total Parking Spaces: 16.00

Utilities

  • Sewer: Sewer Paid
  • Trash Expense: 5000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 21911.00
  • Price Per Lot Square Foot: 104.97

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 700.00
  • Gross Income: 11180.00
  • Gross Scheduled Income: 134160.00
  • Insurance Expense: 3000.00
  • Maintenance Expense: 10300.00
  • Net Operating Income: 98160.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 36000.00
  • Rent Control: No
  • Total Actual Rent: 11180.00
  • Total Expenses: 36000.00

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 11097

Range of Values:

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Value Increase
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Adjusted for Inflation
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Sold Price
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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 List to Sale Price per Sq Ft
07/11/2017 07/11/17 Sold $2,300,000 0.0% $271 / Sq Ft
07/14/2016 07/14/16 For Sale $2,300,000 -- $271 / 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 $36,241 $2,617,003 $1,046,801 $1,570,202
2024 $36,241 $2,565,690 $1,026,276 $1,539,414
2023 $35,666 $2,515,383 $1,006,153 $1,509,230
2022 $34,302 $2,466,063 $986,425 $1,479,638
2021 $35,159 $2,417,710 $967,084 $1,450,626
2019 $33,729 $2,346,000 $938,400 $1,407,600
2018 $32,434 $2,300,000 $920,000 $1,380,000
2017 $65 $943,325 $264,765 $678,560
2016 $13,574 $924,829 $259,574 $665,255
2015 $13,427 $910,938 $255,675 $655,263
2014 $13,186 $893,095 $250,667 $642,428
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16154009

California Regional Multiple Listing Service (CRMLS)