NOT LISTED FOR SALE

408 E Olive Ave Monrovia, CA 91016

Estimated Value: $1,045,000 - $1,264,000

4 Beds
2 Baths
1,445 Sq Ft
$794/Sq Ft Est. Value

Last Sold May 13, 2015

Last sale price $610,000 $422 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $6,849/month

12 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Private Yard
  • Laundry Room
  • Clifton Middle School Rated A-
  • No HOA
  • 3-minute walk to Julian Fisher Park

About This Home

As of May 2015

STANDARD SALE!! 2 Units in a large buildable lot 11,871!! Excellent location just minutes away from Old Town Monrovia. Front house features 3 bedrooms, 1 bath with front yard and enclosed back yard.The back unit offers 1 bedroom, 1 bath with a private enclosed patio, storage and yard with alley access. Both units are owner occupy. This property is perfect for investor or buyer who would like to live in one and rent the other. DON'T MISS THIS OPPORTUNITY!! Seller motivated!

Last Agent to Sell the Property

Marilu Calderon

New Century Realtors License #01149850 Listed on: 04/02/2015

Last Buyer's Agent

Christine Huang

HOMEGROWN WEALTH INC. License #00958544

HOMEGROWN WEALTH INC.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 0.27 Acre Lot
  • No Common Walls
  • Private Yard

Parking

  • 4 Parking Spaces

Home Design

  • 1,445 Sq Ft Home

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas And Electric Dryer Hookup

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Tract Number 4311
  • Assessor Parcel Number 8517014011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $600
  • Water Sewer Expense $2,400
  • New Taxes Expense $7,487

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 8517014011
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Levels: One
  • Price Per Square Foot: 422.15
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Outside
  • Sewer: Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 11871.00
  • Lot Size Acres: 0.2730

Multi Family

  • Insurance Expense: 800.00
  • Lot Size Area: 11871.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7487.00
  • Tax Tract Number: 4311
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2024
Sold by
Ou Rong Chyi and Ou Shwu Jen
Bought by
On Rong Chyi and Chen Shwu Jen
Current Estimated Value
$1,147,418

Purchase Details

Listed on
Apr 2, 2015
Closed on
May 6, 2015
Sold by
Hernandez Hermelindo B and Hernandez Reynalda
Bought by
Ou Jung Chi and Chen Shwu Jen Ou
Seller's Agent
Marilu Calderon
New Century Realtors
Buyer's Agent
Christine Huang
HOMEGROWN WEALTH INC.
List Price
$599,000
Sold Price
$610,000
Premium/Discount to List
$11,000
1.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.13%

Purchase Details

Listed on
Apr 2, 2015
Closed on
Apr 1, 2015
Sold by
Hernandez Hermelindo B and Hernandez Reynalda
Bought by
Hernandez Hermelindo B and Hernanez Reynalda
Seller's Agent
Marilu Calderon
New Century Realtors
Buyer's Agent
Christine Huang
HOMEGROWN WEALTH INC.
List Price
$599,000
Sold Price
$610,000
Premium/Discount to List
$11,000
1.84%

Purchase Details

Closed on
May 17, 2010
Sold by
Hernandez Hermelindo B and Hernandez Reynalda
Bought by
Hernandez Hermelindo B and Hernandez Reynalda

Purchase Details

Closed on
Nov 7, 2003
Sold by
Hernandez Hermelindo B and Hernandez Reynalda
Bought by
Hernandez Hermelindo B and Hernandez Reynalda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 2003
Sold by
Hernandez Hermelindo B and Benitez Daniel
Bought by
Hernandez Hermelindo B and Hernandez Reynalda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 1995
Sold by
Amona Pirooz
Bought by
Hernandez Hermelindo B and Benitez Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,706
Interest Rate
7.38%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 22, 1995
Sold by
Hud
Bought by
Amona Pirooz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,945
Interest Rate
7.88%

Purchase Details

Closed on
Apr 28, 1995
Sold by
Keycorp Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Apr 14, 1995
Sold by
Bourbonnais Jeanne and Nationsbanc Mtg Corp Of New Yo
Bought by
Nationsbanc Mtg Corp Of New York and Keycorp Mtg Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
On Rong Chyi -- None Listed On Document
Ou Jung Chi $610,000 Title 365
Hernandez Hermelindo B -- Title 365
Hernandez Hermelindo B -- None Available
Hernandez Hermelindo B -- None Available
Hernandez Hermelindo B -- --
Hernandez Hermelindo B -- Fidelity
Hernandez Hermelindo B -- California Counties Title Co
Amona Pirooz -- California Counties Title Co
Hud -- Benefit Title
Nationsbanc Mtg Corp Of New York $103,363 Benefit Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Hermelindo B $165,000
Previous Owner Hernandez Hermelindo B $170,706
Previous Owner Amona Pirooz $63,945
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2015 05/13/15 Sold $610,000 +1.8% $422 / Sq Ft
04/14/2015 04/14/15 Pending -- -- --
04/02/2015 04/02/15 For Sale $599,000 -- $415 / 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 $10,046 $740,778 $600,920 $139,858
2024 $10,046 $726,254 $589,138 $137,116
2023 $9,818 $712,015 $577,587 $134,428
2022 $9,535 $698,055 $566,262 $131,793
2021 $9,348 $684,368 $555,159 $129,209
2020 $9,067 $677,352 $549,467 $127,885
2019 $8,907 $664,072 $538,694 $125,378
2018 $8,653 $651,052 $528,132 $122,920
2017 $8,390 $631,687 $517,777 $113,910
2016 $8,317 $619,302 $507,625 $111,677
2015 $5,502 $396,390 $296,547 $99,843
2014 -- $388,627 $290,739 $97,888
Source: Public Records

Agents Affiliated with this Home

  • Marilu Calderon

    Seller's Agent in 2015

    Marilu Calderon

    New Century Realtors

    (323) 864-3893

    47 Total Sales

    Marilu Calderon
    Section Image

  • C

    Buyer's Agent in 2015

    Christine Huang

    HOMEGROWN WEALTH INC.

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15070685

California Regional Multiple Listing Service (CRMLS)

APN: 8517-014-011

California Los Angeles County Monrovia 91016

408 E Olive Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes