NOT LISTED FOR SALE

406 Florence Ave Monterey Park, CA 91755

Estimated Value: $1,376,000 - $1,671,000

6 Beds
3 Baths
2,718 Sq Ft
$575/Sq Ft Est. Value

Last Sold August 29, 2017

Last sale price $1,150,000 $423 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $9,715/month

23 Days on Market

About This Home

As of August 2017

***** AMAZING TRI-PLEX in Great LOCATION!! ***** Right in the heart of Monterey Park and located among Million Dollar Homes! Huge Lot of almost 12,000 sft. consisting of 3-units fully occupied. One unit is 2 bed/1 bath with a bonus room and two units are 2 bed/1bath. Each unit has its own laundry hookups. Fantastic Income Opportunity in a HIGH DEMAND rental area! Separately metered for GAS and ELECTRIC. Plenty of parking spaces. Matured fruit trees in the front and backyard. Distinguished Alhambra Unified School District! Easy access to Downtown LA, Cal-state LA, and all the major freeways. Conveniently located near restaurant, schools. banks, shopping and more. NO RENT Control.

Last Agent to Sell the Property

Rudy Kusuma

Partner Real Estate License #01820322 Listed on: 07/05/2017

Partner Real Estate

Co-Listed By

David Dong

eXp Realty of California Inc License #01320484

Last Buyer's Agent

Gloria Chu

IRN REALTY License #01780122

IRN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,295

Year Built

  • Built in 1960

Lot Details

  • 0.27 Acre Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,718 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 3511
  • Assessor Parcel Number 5258014032

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Trash Expense $1,440
  • Water Sewer Expense $1,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,295

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 626-203-5676
  • Property Attached: No
  • Water Sewer Expenses: 1560.00
  • Zoning: MPR2*
  • Property Type: Residential Income
  • Parcel Number: 5258014032
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 423.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Outside
  • Sewer: Unknown
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11798.00

Multi Family

  • Insurance Expense: 1100.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4817.12
  • Tax Lot: 7
  • Tax Tract Number: 3511

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2020
Sold by
Guan Meijiao and Yu Xingyi
Bought by
Yu Xingyi and Huang Xiaoci
Current Estimated Value
$1,561,560

Purchase Details

Listed on
Jul 5, 2017
Closed on
Aug 25, 2017
Sold by
Luc Dau V
Bought by
Guan Meijiao and Yu Xing Yi
Seller's Agent
Rudy Kusuma
Partner Real Estate
Buyer's Agent
Gloria Chu
IRN REALTY
List Price
$1,075,000
Sold Price
$1,150,000
Premium/Discount to List
$75,000
6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.82%
Original Mortgage
$780,000
Outstanding Balance
$652,075
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$909,485

Purchase Details

Closed on
Jun 3, 2011
Sold by
Luc Dau V and Huynh Hao Que
Bought by
Luc Dau V and Huynh Hao Que

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2007
Sold by
Luc Dau V and Huynh Hao Que
Bought by
Luc Dau V and Huynh Hao Que

Purchase Details

Closed on
May 5, 2003
Sold by
Luc Dau V
Bought by
Luc Dau V and Huynh Hao Que

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,000
Interest Rate
5.84%

Purchase Details

Closed on
Oct 8, 1998
Sold by
Zaragoza Marie
Bought by
Luc Dau V and Huynh Hao Que

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,750
Interest Rate
6.79%

Purchase Details

Closed on
Oct 6, 1998
Sold by
Luc Dau V and Huynh Hao Que
Bought by
Lam Joanna and Luc Dau V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,750
Interest Rate
6.79%

Purchase Details

Closed on
Feb 7, 1997
Sold by
Family Trust Zaragoza Frank And Marie Trs Zar
Bought by
Zaragoza Marie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
4.25%

Purchase Details

Closed on
Jul 26, 1994
Sold by
Zaragoza Frank G and Zaragoza Marie Z
Bought by
Zaragoza Frank G and Zaragoza Marie A
Source: Public Records

Range of Values:

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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
Yu Xingyi -- Accommodation
Guan Meijiao $1,150,000 First American Title Company
Luc Dau V -- First American Title Company
Luc Dau V -- Lsi
Luc Dau V -- None Available
Luc Dau V -- Commonwealth
Luc Dau V -- Commonwealth
Luc Dau V $277,000 South Coast Title Company
Lam Joanna -- --
Lam Joanna -- --
Zaragoza Marie A -- Orange Coast Title
Zaragoza Frank G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guan Meijiao $780,000
Previous Owner Luc Dau V $450,000
Previous Owner Luc Dau V $301,000
Previous Owner Luc Dau V $207,750
Previous Owner Zaragoza Marie A $178,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2017 08/29/17 Sold $1,150,000 +7.0% $423 / Sq Ft
07/28/2017 07/28/17 Pending -- -- --
07/05/2017 07/05/17 For Sale $1,075,000 -- $396 / 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 $18,295 $1,351,461 $830,680 $520,781
2024 $18,295 $1,324,963 $814,393 $510,570
2023 $17,687 $1,298,984 $798,425 $500,559
2022 $16,885 $1,273,515 $782,770 $490,745
2021 $16,737 $1,235,927 $755,412 $480,515
2020 $16,233 $1,196,460 $728,280 $468,180
2019 $15,779 $1,173,000 $714,000 $459,000
2018 $15,629 $1,150,000 $700,000 $450,000
2016 $9,297 $693,812 $482,123 $211,689
2015 $9,116 $683,392 $474,882 $208,510
2014 $9,004 $670,006 $465,580 $204,426
Source: Public Records

Agents Affiliated with this Home

  • Rudy Kusuma

    Seller's Agent in 2017

    Rudy Kusuma

    Partner Real Estate

    (626) 899-5120

    9 in this area

    192 Total Sales

    Rudy Kusuma
    Section Image
  • David Dong

    Seller Co-Listing Agent in 2017

    David Dong

    eXp Realty of California Inc

    (626) 203-5676

    27 Total Sales

    David Dong
    Section Image

  • G

    Buyer's Agent in 2017

    Gloria Chu

    IRN REALTY

    (626) 447-9521

    3 in this area

    34 Total Sales

    Gloria Chu
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17151871

California Regional Multiple Listing Service (CRMLS)

APN: 5258-014-032

California Los Angeles County Monterey Park 91755

406 Florence Ave, Monterey Park, CA

This home is located at 406 Florence Ave, Monterey Park, CA 91755 since 05 July 2017 and is currently estimated at $1,561,560, approximately $574 per square foot. This property was built in 1960. 406 Florence Ave is a home located in Los Angeles County with nearby schools including Emerson (Ralph Waldo) Elementary School, Garvey (Richard) Intermediate School, and Mark Keppel High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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