$1,480,000
SOLD OCT 23, 2024

405 S 6th St Montebello, CA 90640

8 Beds
4 Baths
3,630 Sq Ft
8,220 Sq Ft Lot

Recently Sold

$408 Per Sq Ft

1% Below List Price

70 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Front Yard
  • Laundry Room

About This Home

As of October 2024

This exceptional 4-unit income property is a golden opportunity for savvy investors seeking steady cash flow and long-term growth. Located in the heart of Montebello, this property promises both financial stability and a thriving community. All units are 2 bedroom + 1 bathroom and have separate gas and electric meters. Expenses are low for landlord. Property is in exceptional condition as are the units. Property has laundry on site for additional income. Potential to add 2 ADU units for additional income. Don't miss this opportunity

Last Agent to Sell the Property

Vick Tasmajian

Beverly and Company, Inc. License #01950844 Listed on: 06/06/2024

Last Buyer's Agent

HUE PHU QUACH

REALIV License #02097769

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,264

Year Built

  • Built in 1975 | Remodeled

Lot Details

  • 8,220 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 5 Car Garage
  • Carport
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 3,630 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 532
  • Assessor Parcel Number 6349021015

Community Details

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Fuel Expense $456
  • Insurance Expense $3,800
  • Trash Expense $1,440
  • Water Sewer Expense $1,200
  • Operating Expense $5,936
  • Gross Income $105,600
  • Net Operating Income $82,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,264

Year Built

Built in 1975 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6349021015
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Price Per Square Foot: 407.71

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 1440.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 8220.00
  • Lot Size Acres: 0.1887

Multi Family

  • Electric Expense: 480.00
  • Fuel Expense: 456.00
  • Gross Income: 105600.00
  • Gross Scheduled Income: 107400.00
  • Insurance Expense: 3800.00
  • Lot Size Area: 8220.0000 Square Feet
  • Net Operating Income: 82620.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Operating Expense: 24780.00
  • Rent Control: No
  • Total Expenses: 5936.00

Tax Info

  • Tax Lot: 16
  • Tax Tract: 6871
  • Tax Tract Number: 532...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2025
Sold by
Mok Ka Sing and Ngai Ling Chi
Bought by
Ka And Ling Mok Family Trust and Mok
Total Days on Market
70
Current Estimated Value
$1,508,784

Purchase Details

Closed on
Aug 21, 2024
Sold by
Baronian Stella
Bought by
Mok Ka Sing and Ngai Ling Chi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,035,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 9, 2022
Closed on
Sep 28, 2022
Sold by
Baronian Harout
Bought by
Baronian Stella
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$1,345,000
Sold Price
$1,400,000
Premium/Discount to List
$55,000
4.09%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.61%
Original Mortgage
$980,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 9, 2022
Closed on
Sep 23, 2022
Sold by
Cordova Daniel and Cordova Claudia
Bought by
Baronian Stella
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$1,345,000
Sold Price
$1,400,000
Premium/Discount to List
$55,000
4.09%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2005
Sold by
Cordova Claudia
Bought by
Cordova Daniel and Cordova Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2000
Sold by
Cordova Daniel
Bought by
Cordova Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.9%

Purchase Details

Closed on
Oct 9, 2000
Sold by
Contimortgage Corp
Bought by
Cordova Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.9%

Purchase Details

Closed on
Feb 29, 2000
Sold by
Lino Clemente
Bought by
Contimortgage Corp

Purchase Details

Closed on
Aug 23, 1995
Sold by
First Bank National Assn
Bought by
Lino Clemente and Lino Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,706
Interest Rate
7.92%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 1994
Sold by
Martinez Benedict
Bought by
American Svgs Bank
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $1,480,000 Lawyers Title
Quit Claim Deed -- Chicago Title Company
Grant Deed $1,400,000 Chicago Title Company
Interfamily Deed Transfer -- Fidelity Van Nuys
Interfamily Deed Transfer -- Orange Coast Title
Grant Deed $240,000 Orange Coast Title
Trustee Deed $259,000 Fidelity National Title Ins
Corporate Deed $258,000 Investors Title Company
Corporate Deed -- Investors Title Company
Trustee Deed $341,489 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,035,000 New Conventional
Previous Owner $980,000 New Conventional
Previous Owner $367,000 New Conventional
Previous Owner $420,000 New Conventional
Previous Owner $262,500 Unknown
Previous Owner $192,000 No Value Available
Previous Owner $306,000 Unknown
Previous Owner $7,200 Unknown
Previous Owner $245,706 FHA
Closed $24,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 Sold $1,480,000 -1.3% $408 / Sq Ft
06/06/2024 06/06/24 For Sale $1,499,000 +7.1% $413 / Sq Ft
10/28/2022 10/28/22 Sold $1,400,000 +4.1% $386 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $1,345,000 -- $371 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $20,264 $1,480,000 $900,000 $580,000
2024 $20,264 $1,428,000 $612,000 $816,000
2023 $20,248 $1,400,000 $600,000 $800,000
2022 $5,603 $340,759 $187,417 $153,342
2021 $5,414 $334,079 $183,743 $150,336
2019 $5,221 $324,172 $178,294 $145,878
2018 $5,164 $317,817 $174,799 $143,018
2016 $4,908 $305,477 $168,012 $137,465
2015 $4,652 $300,890 $165,489 $135,401
2014 $4,607 $294,997 $162,248 $132,749
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-17953

Pasadena-Foothills Association of REALTORS®

APN: 6349-021-015