NOT LISTED FOR SALE

Estimated Value: $746,000 - $949,854

5 Beds
2 Baths
1,854 Sq Ft
$457/Sq Ft Est. Value

Last Sold September 07, 2022

Last sale price $650,000 $351 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,253/month

54 Days on Market

About This Home

As of September 2022

We are pleased to offer for sale this Duplex style property in the city of El Monte. The property is comprised of 2 detached single story cottages which each offer private garage parking. The front cottage underwent an extensive remodel and updating within the last year and offers 2Beds/1Baths. The second unit is a 3Bed/1Bath. Each unit is separately metered for electricity and gas while the owner pays for water and trash. Some modifications have been made to the garage spaces without permit (turned into additional living space.) Given the modifications made only cash offers will be entertained or offers that have NO loan contingency & NO appraisal contingency. The rental units will be delivered with the current tenants in place. This property can be purchased independently or in conjunction with the 5 unit multi-family property (MLS#CV22135839) that shares the common driveway. There is a 3rd contiguous parcel for sale as well (MLS #CV22135853) which is a large piece of land with a cottage style structure on it. All combined the 3 properties offer 8 rental units with a total lot size of 20,682 Zoned R4.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 06/14/2022

RE/MAX 2000 REALTY

Last Buyer's Agent

Dan Tan

TANDEM REAL ESTATE. INC. License #01351474

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,168 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 1,854 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 7007
  • Assessor Parcel Number 8577011021

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $720
  • Insurance Expense $1,100
  • Maintenance Expense $1,000
  • Other Expense $300
  • Trash Expense $2,928
  • Water Sewer Expense $1,200
  • New Taxes Expense $9,232
  • Operating Expense $17,680
  • Gross Income $65,520
  • Net Operating Income $45,874

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: EMR4YY
  • Property Type: Residential Income
  • Parcel Number: 8577011021
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 350.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Trash Expense: 2928.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 7168.00
  • Lot Size Acres: 0.1646

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 720.00
  • Gross Income: 65520.00
  • Gross Operating Income: 63554.00
  • Gross Scheduled Income: 65520.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 7168.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 45874.00
  • 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
  • Operating Expense: 17680.00
  • Other Expense: 300.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 5460.00
  • Total Expenses: 17680.00

Tax Info

  • New Taxes Expense: 9232.00
  • Tax Census Tract: 4328.02
  • Tax Lot: 10
  • Tax Tract Number: 7007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2019
Sold by
Maple Claudia A and Maple Claudia L
Bought by
Maple Claudia Althea and Claudia Althea Maple Living Tr
Current Estimated Value
$847,964

Purchase Details

Closed on
Sep 24, 1997
Sold by
Maple Charles A and Maple Althea
Bought by
Maple Claudia L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Maple Claudia Althea -- None Available
Maple Claudia L -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2022 09/07/22 Sold $650,000 -7.1% $351 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $700,000 -- $378 / 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 $9,714 $676,259 $372,463 $303,796
2024 $9,714 $663,000 $365,160 $297,840
2023 $9,544 $650,000 $358,000 $292,000
2022 $1,669 $49,140 $23,533 $25,607
2021 $1,660 $48,177 $23,072 $25,105
2020 $1,655 $48,124 $22,836 $25,288
2019 $1,663 $47,190 $22,389 $24,801
2018 $1,519 $46,274 $21,950 $24,324
2016 $1,412 $44,056 $21,099 $22,957
2015 $1,399 $43,396 $20,783 $22,613
2014 $1,383 $42,547 $20,376 $22,171
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22135823

California Regional Multiple Listing Service (CRMLS)

APN: 8577-011-021