NOT LISTED FOR SALE

Estimated Value: $742,000 - $962,000

3 Beds
2 Baths
1,324 Sq Ft
$646/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $630,000 $476 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,302/month

36 Days on Market

Highlights

  • No HOA
  • Mountainous Community
  • Back and Front Yard
  • Rosemead High School Rated A
  • 1 Attached Carport Space
  • 1-Story Property

About This Home

As of November 2020

Welcome to this Charming Duplex perfect for First Time Buyers! This property offers the potential for two families to live in separate homes on the same lot. This oversized lot has 2 separate houses, a huge driveway, and ample parking. Great opportunity to live in the front house while earning income from the back house. The seller already has plans with the City of El Monte for construction of a New 2-unit Multi Family Residence with a proposed square footage of 1115 sq. ft for the front house and 800 sq. ft for the back house. Buyer is responsible for verifying all property information with the city and conducting their own due diligence. The front house is a 2 bed and 1 bath with attached carport and the back unit is a 1 bed and 1 bath. Both homes are tenant occupied. The property has a gross monthly income of $3,200, and as a buyer you will have the opportunity to remodel or build on the land while still keeping some of the rental income. The property is in need of some repairs to bring it back to its full potential and maximize rental income, as it currently rents slightly below the market average. Conveniently located for transportation, one of the safest neighborhoods of El Monte, and so much building potential... Don’t miss out on this gem. Contact us today for more info!

Last Agent to Sell the Property

William Bingley

William Bingley, Broker License #01940351 Listed on: 08/20/2020

Last Buyer's Agent

DAYONG DENG

Century 21 Adams & Barnes License #02005243

Century 21 Adams & Barnes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,382

Year Built

  • Built in 1930

Lot Details

  • 6,111 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,324 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • 1 Attached Carport Space
  • Parking Available
  • Private Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 8 / 3005
  • Tax Tract Number 7007
  • Assessor Parcel Number 8577011019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Mountainous Community

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,200
  • Net Operating Income $3,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,382

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Zoning: EMR4YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8577011019
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Ground
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 475.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Attached Carport, On Site, Private
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Mountainous, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard
  • Lot Size Sq Ft: 6111.00
  • Lot Size Acres: 0.1403

Multi Family

  • Average1 Bed Area: 488 Square Feet
  • Average2 Bed Area: 836 Square Feet
  • Gross Income: 3200.00
  • Gross Scheduled Income: 3200.00
  • Lot Size Area: 6111.0000 Square Feet
  • Net Operating Income: 3200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 3200.00

Tax Info

  • Tax Area: 03622
  • Tax Block: 3005
  • Tax Census Tract: 4328.02
  • Tax Lot: 8
  • Tax Tract Number: 7007
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2020
Closed on
Oct 23, 2020
Sold by
Charming Garden Development Llc
Bought by
Lei Pok Cheng and Li Christy
Seller's Agent
William Bingley
William Bingley, Broker
Buyer's Agent
DAYONG DENG
Century 21 Adams & Barnes
List Price
$680,000
Sold Price
$630,000
Premium/Discount to List
-$50,000
-7.35%
Current Estimated Value
$855,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,739
Avg. Annual Appreciation
5.72%
Original Mortgage
$480,000
Outstanding Balance
$428,105
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$395,543

Purchase Details

Closed on
Dec 16, 2019
Sold by
3933 Eunice Llc
Bought by
Charming Garden Development Llc

Purchase Details

Closed on
Apr 24, 2018
Sold by
Leeway Jennifer
Bought by
3933 Eunice Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 25, 2017
Closed on
Feb 23, 2017
Sold by
Tran Kevin Kinh and Kha Susan Tuyet
Bought by
3933 Eunice Llc
Seller's Agent
The Mark and Al Team
CENTURY 21 MASTERS
Buyer's Agent
Robert Cofer
CENTURY 21 MASTERS
List Price
$469,000
Sold Price
$505,000
Premium/Discount to List
$36,000
7.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%

Purchase Details

Closed on
Aug 6, 2003
Sold by
Tran Kevin Kinh
Bought by
Tran Kevin Kinh and Kha Hang Tuyet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2000
Sold by
Kha Hang Tuyet
Bought by
Tran Kevin Kinh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
7.86%

Purchase Details

Closed on
Nov 9, 2000
Sold by
Wong Victor and Van Noi
Bought by
Tran Kevin Kinh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
7.86%

Purchase Details

Closed on
Jan 5, 1994
Sold by
Wong Victor and Vanwong Noi Van
Bought by
Noi Wong Victor and Noi Van
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
Lei Pok Cheng $630,000 Fidelity National Title
Charming Garden Development Llc -- Accommodation
3933 Eunice Llc -- Westminster Title Company
Leeway Jennifer -- Westminster Title Co
3933 Eunice Llc $505,000 Chicago Title Company
Tran Kevin Kinh -- Investors Title Company
Tran Kevin Kinh -- Southland Title
Tran Kevin Kinh $170,000 Southland Title
Noi Wong Victor -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lei Pok Cheng $480,000
Previous Owner Leeway Jennifer $270,000
Previous Owner Tran Kevin Kinh $120,000
Previous Owner Tran Kevin Kinh $127,000
Previous Owner Tran Kevin Kinh $127,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2020 11/24/20 Sold $630,000 -7.4% $476 / Sq Ft
09/30/2020 09/30/20 For Sale $680,000 0.0% $514 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
09/25/2020 09/25/20 Pending -- -- --
08/20/2020 08/20/20 For Sale $680,000 +34.7% $514 / Sq Ft
03/06/2017 03/06/17 Sold $505,000 0.0% $381 / Sq Ft
02/15/2017 02/15/17 Pending -- -- --
02/08/2017 02/08/17 Off Market $505,000 -- --
01/25/2017 01/25/17 For Sale $469,000 -- $354 / 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 $9,382 $681,929 $272,771 $409,158
2024 $9,382 $668,559 $267,423 $401,136
2023 $9,211 $655,451 $262,180 $393,271
2022 $8,804 $642,600 $257,040 $385,560
2021 $8,934 $630,000 $252,000 $378,000
2020 $7,735 $535,908 $214,363 $321,545
2019 $7,861 $525,401 $210,160 $315,241
2018 $7,668 $515,100 $206,040 $309,060
2016 $3,373 $216,377 $160,378 $55,999
2015 $3,334 $213,127 $157,969 $55,158
2014 $3,217 $208,953 $154,875 $54,078
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20168626

California Regional Multiple Listing Service (CRMLS)

APN: 8577-011-019