NOT LISTED FOR SALE

Estimated Value: $831,000 - $984,904

5 Beds
2 Baths
1,880 Sq Ft
$469/Sq Ft Est. Value

Last Sold February 08, 2016

Last sale price $550,000 $293 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,402/month

7 Days on Market

About This Home

As of February 2016

Great opportunity to purchase these 2 single family homes on a lot. Residential Income Multifamily in the city of El Monte. In a GREAT location. Unit 1 features 2 Bedrooms and 1 bath, with its own separate yard. Unit 2 features 3 bed room 1 bath , also with its own yard area. Each unit also has its own 1 car garage. The units have an extended long drive way for additional parking. Units are located in a great are, close to shopping, schools and freeways. Only 20 minutes from Pasadena, 13 miles from Down town Los Angeles, 24 minutes away from Hollywood and about 1.2 miles away from the metro link Station. From unit is occupied by long term tenant. Only Rear unit is available to see.

Last Agent to Sell the Property

Eddie Perez

The R.R. Network License #01793657 Listed on: 12/29/2015

Last Buyer's Agent

Eddie Perez

The R.R. Network License #01793657 Listed on: 12/29/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,988

Year Built

  • Built in 1961

Lot Details

  • 6,978 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 1,880 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 47
  • Tax Tract Number 7007
  • Assessor Parcel Number 8577013005

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,560
  • Trash Expense $648
  • Water Sewer Expense $1,440
  • New Taxes Expense $6,662
  • Gross Income $2,900
  • Net Operating Income $28,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,988

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Parcel Number: 8577013005
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 292.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 648.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 6978.00
  • Price Per Lot Square Foot: 78.82
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Income: 2900.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 1560.00
  • Lot Size Area: 6978.0000 Square Feet
  • Net Operating Income: 28450.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 10310.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6662.00
  • Tax Lot: 47
  • Tax Tract Number: 7007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2021
Sold by
Vanlam Tot Van and Tot Van Lam Living Trust
Bought by
Vanlam Tot Van and The Tot Van Lam Living Trust
Current Estimated Value
$881,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,000
Outstanding Balance
$262,315
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$640,378

Purchase Details

Closed on
Mar 18, 2017
Sold by
Vanlam Tot
Bought by
Tot Van Lam Living Trust

Purchase Details

Listed on
Dec 29, 2015
Closed on
Jan 8, 2016
Sold by
Espinoza Jose Calixto and Aguila Elena
Bought by
Vanlam Tot
Seller's Agent
Eddie Perez
The R.R. Network
Buyer's Agent
Eddie Perez
The R.R. Network
List Price
$533,000
Sold Price
$550,000
Premium/Discount to List
$17,000
3.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%
Original Mortgage
$350,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 1996
Sold by
Espinoza Yolanda E and Aguila Rito
Bought by
Espinoza Jose Calixto and Aguilar Elena
Source: Public Records

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
Vanlam Tot Van -- Ticor Title Company Of Ca
Tot Van Lam Living Trust -- None Available
Vanlam Tot $550,000 Western Resources Title Co
Espinoza Jose Calixto -- --
Espinoza Jose Calixto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanlam Tot Van $319,000
Previous Owner Vanlam Tot $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2016 02/08/16 Sold $550,000 +3.2% $293 / Sq Ft
01/05/2016 01/05/16 Pending -- -- --
12/29/2015 12/29/15 For Sale $533,000 -- $284 / 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 $8,988 $651,083 $461,679 $189,404
2024 $8,988 $638,318 $452,627 $185,691
2023 $8,824 $625,802 $443,752 $182,050
2022 $8,435 $613,532 $435,051 $178,481
2021 $8,554 $601,503 $426,521 $174,982
2020 $8,519 $595,336 $422,148 $173,188
2019 $8,660 $583,664 $413,871 $169,793
2018 $8,501 $572,220 $405,756 $166,464
2016 $3,962 $249,602 $112,586 $137,016
2015 $3,919 $245,853 $110,895 $134,958
2014 $3,780 $241,038 $108,723 $132,315
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15267362

California Regional Multiple Listing Service (CRMLS)

APN: 8577-013-005