NOT LISTED FOR SALE
5 Beds
5 Baths
2,567 Sq Ft
5,857 Sq Ft Lot

Sale Details

Date Sold: September 7, 2022

Last sale price $950,000 $370 Per Sq Ft

54 Days on Market

About This Home

As of September 2022

We are pleased to offer for sale this 5 unit multi-family property in the city of El Monte. The subject property is comprised of 5 units spread across 3 separate structures. The front structure is a single story duplex that offers 2(1Bed/1Bath) units. The second structure is a two-story building with 2(1bed/1bath) units situated above four 1-car garages. The last structure is a single story 1Bed/1Bath unit. All units are separately metered for electricity and gas while the owner pays for water and trash. The current owner has held the property for a number of years and kept the rental rates well below market. With a substantial improvement approach, a new investor can reposition the subject property to earn nearly a 9% cash-on-cash return. This property can be purchased independently or in conjunction with the 2 unit duplex property (MLS#CV22135823) that shares the common driveway. There is also a 3rd contiguous parcel for sale as well (MLS#CV22135853) All combined the 3 properties offer 8 units and 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: 06/22/2022

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 1937

Lot Details

  • 5,857 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • 2,567 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 11
  • Tax Tract Number 7007
  • Assessor Parcel Number 8577011022

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,350
  • Maintenance Expense $3,750
  • Other Expense $750
  • Trash Expense $2,928
  • Water Sewer Expense $3,000
  • New Taxes Expense $12,529
  • Operating Expense $24,307
  • Gross Income $59,580
  • Net Operating Income $33,485

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

5,857 Sq Ft Lot

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: EMR4YY
  • Property Type: Residential Income
  • Parcel Number: 8577011022
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 370.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

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 Size Sq Ft: 5857.00
  • Lot Size Acres: 0.1345

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 59580.00
  • Gross Operating Income: 57793.00
  • Gross Scheduled Income: 59580.00
  • Insurance Expense: 1350.00
  • Lot Size Area: 5857.0000 Square Feet
  • Maintenance Expense: 3750.00
  • Net Operating Income: 33485.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 24307.00
  • Other Expense: 750.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 4965.00
  • Total Expenses: 24307.00

Tax Info

  • New Taxes Expense: 12529.00
  • Tax Census Tract: 4328.02
  • Tax Lot: 11
  • Tax Tract Number: 7007
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/07/2022 09/07/22 Sold $950,000 0.0% $370 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $950,000 -- $370 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,940 $988,380 $593,028 $395,352
2024 $14,260 $969,000 $581,400 $387,600
2023 $14,008 $950,000 $570,000 $380,000
2022 $1,942 $55,382 $21,452 $33,930
2021 $15,274 $1,066,636 $639,982 $426,654
2020 $1,916 $53,961 $20,817 $33,144
2019 $1,920 $52,908 $20,409 $32,499
2018 $1,782 $51,876 $20,009 $31,867
2016 $1,696 $49,652 $19,233 $30,419
2015 $1,673 $48,908 $18,945 $29,963
2014 $1,665 $47,951 $18,574 $29,377
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22135839

California Regional Multiple Listing Service (CRMLS)
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