NOT LISTED FOR SALE

Estimated Value: $791,000 - $1,033,000

2 Beds
1 Bath
1,581 Sq Ft
$597/Sq Ft Est. Value

Last Sold August 09, 2018

Last sale price $655,000 $414 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,201/month

52 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Rosemead High School Rated A

About This Home

As of August 2018

Two single family house on same lot, very good location, walk distance to bus station, shopping, school and park, near to city of El Monte new develop area (mix-use), currently building 4014 is 3 bedrooms and 2 bathrooms (one bedroom and one bathroom is not permitted, it made by tenant) with 2 car detached garages, the monthly rent $1,450, the building 4010 is 2 bedrooms and 1 bath monthly rent is $1,050 ( both unit rent is lower than market, due to long term lease tenants), zoning is C3 (commercial zoning), it has commercial development potential.

Last Agent to Sell the Property

Yaotian Luo

Skyway Investment Corp. License #01107097 Listed on: 05/15/2018

Last Buyer's Agent

Yvonne Matloff

TSE REALTY & MANAGEMENT SERVIC License #00908463

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 8,850 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 1,581 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Assessor Parcel Number 8577015005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Trash Expense $600
  • Water Sewer Expense $1,320
  • New Taxes Expense $8,350
  • Operating Expense $10,970
  • Gross Income $33,600
  • Net Operating Income $22,630

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

8,850 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 3.00
  • Property Attached: No
  • Water Sewer Expenses: 1320.00
  • Property Type: Residential Income
  • Parcel Number: 8577015005
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 414.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8850.00

Multi Family

  • Gross Income: 33600.00
  • Gross Operating Income: 30000.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 700.00
  • Net Operating Income: 22630.00
  • 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: 10970.00
  • Rent Control: No
  • Total Expenses: 10970.00

Tax Info

  • New Taxes Expense: 8350.00
  • Tax Lot: 000
  • Tax Tract Number: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2021
Sold by
Yao Xiao Yan
Bought by
Baldwin Ave Llc
Current Estimated Value
$944,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$536,356
Interest Rate
2.67%
Mortgage Type
Commercial
Estimated Equity
$408,071

Purchase Details

Listed on
May 15, 2018
Closed on
Jul 26, 2018
Sold by
Weng Rong Di and Chen Xiao Fei
Bought by
Yao Xiao Yan
Seller's Agent
Yaotian Luo
Skyway Investment Corp.
Buyer's Agent
Yvonne Matloff
TSE REALTY & MANAGEMENT SERVIC
List Price
$668,000
Sold Price
$655,000
Premium/Discount to List
-$13,000
-1.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.91%
Original Mortgage
$450,000
Interest Rate
4.5%

Purchase Details

Closed on
Jun 22, 2004
Sold by
Lee Chin Hua Tsai and Lee Kent
Bought by
Weng Rong Di and Chen Xiao Fei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,800
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2003
Sold by
Ahn Kwang Sung and Ahn Soon Hee
Bought by
Lee Kent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2002
Sold by
Hwang Yin Nan and Hwang Lih Fang
Bought by
Ahn Kwang Sung and Ahn Soon Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
6.71%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Baldwin Ave Llc -- Chicago Title Company
Yao Xiao Yan $655,000 Property Ld Title Company
Weng Rong Di $748,000 Investors Title Company
Lee Kent $345,000 Diversified Title Company
Ahn Kwang Sung $243,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baldwin Ave Llc $600,000
Closed Yao Xiao Yan $450,000
Previous Owner Weng Rong Di $448,800
Previous Owner Lee Kent $250,000
Previous Owner Ahn Kwang Sung $194,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2018 08/09/18 Sold $655,000 -1.9% $414 / Sq Ft
05/15/2018 05/15/18 For Sale $668,000 -- $423 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,846 $799,915 $431,889 $368,026
2024 $13,846 $784,231 $423,421 $360,810
2023 $11,457 $768,855 $415,119 $353,736
2022 $10,221 $753,780 $406,980 $346,800
2021 $10,443 $675,020 $337,510 $337,510
2020 $9,491 $668,100 $334,050 $334,050
2019 $9,650 $655,000 $327,500 $327,500
2018 $7,737 $518,194 $390,791 $127,403
2016 $7,419 $498,073 $375,617 $122,456
2015 $7,340 $490,592 $369,975 $120,617
2014 $7,053 $480,983 $362,728 $118,255
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18114127

California Regional Multiple Listing Service (CRMLS)

APN: 8577-015-005

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