NOT LISTED FOR SALE

408 S Vernon Ave Azusa, CA 91702

South Azusa Neighborhood

Estimated Value: $578,000 - $1,022,000

6 Beds
2 Baths
2,181 Sq Ft
$407/Sq Ft Est. Value

Last Sold September 28, 2017

Last sale price $600,000 $275 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,387/month

Highlights

  • In Ground Pool
  • Traditional Architecture
  • Laundry Room
  • 0.3 Acre Lot
  • Two Homes on a Lot
  • 5-minute walk to Valleydale Park

About This Home

As of September 2017

Excellent opportunity for first time investor or owner user. Property features 2 separate houses with a total of 2,181 square feet of living area and sits on a large 12,974 square foot lot, a 4-car detached garage and a pool. Front house offers 3 bedrooms, 1 bathroom, large front yard and a 2 car garage. Back house offers 3 bedrooms, 1 bathroom, back and side yard and also a 2 car garage. Property is centrally situated near shopping, public transportation and near schools.

Last Agent to Sell the Property

Daniel Gomez

Engel & Völkers Pasadena License #01131989 Listed on: 07/11/2017

Engel & Völkers Pasadena

Last Buyer's Agent

REYNALDO ROMERO

CENTURY 21 Affiliated License #01733019

CENTURY 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,643

Year Built

  • Built in 1947

Lot Details

  • 0.3 Acre Lot
  • No Common Walls
  • West Facing Home
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Traditional Architecture
  • Frame Construction
  • Wood Siding
  • Stucco

Interior Spaces

  • 1-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • In Ground Pool
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 8614026029

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,643

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: AZR1YY
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 8614026029
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Direction Faces: West
  • Other Structures: Two On A Lot
  • Pool Features: In Ground
  • Pool Private: No
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Water Heater
  • Heating Type: Natural Gas
  • Laundry Features: Outside
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Green Features

  • Green Location: Transportation, Walkability

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 12974.00
  • Lot Size Acres: 0.3000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average3 Bed Area: 1090 Square Feet
  • Lot Size Area: 12974.0000 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
  • Other Expense Description: YES

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2022
Sold by
Montano Fredy A and Montano Sandra
Bought by
City Of Azusa
Current Estimated Value
$887,177

Purchase Details

Listed on
Jul 11, 2017
Closed on
Aug 9, 2017
Sold by
Gurrola Christina
Bought by
Montano Fredy A and Duenas Sandra
Seller's Agent
Daniel Gomez
Engel & Völkers Pasadena
Buyer's Agent
REYNALDO ROMERO
CENTURY 21 Affiliated
List Price
$569,000
Sold Price
$600,000
Premium/Discount to List
$31,000
5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.96%
Original Mortgage
$424,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2017
Sold by
Guerra Daniel
Bought by
Gurrola Christina

Purchase Details

Closed on
Mar 23, 2012
Sold by
Flores Carlos and Flores Lydia Y
Bought by
Gurrola Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 15, 2012
Sold by
Gurrola Manuel
Bought by
Guerra Daniel Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 1, 2007
Sold by
Flores Carlos and Flores Lydia Y
Bought by
Flores Carlos and Flores Lyndia Y

Purchase Details

Closed on
Oct 26, 2007
Sold by
Gurrola Manuel
Bought by
Flores Carlos and Flores Lydia Y

Purchase Details

Closed on
Oct 23, 2006
Sold by
Gurrola Lydia
Bought by
Gurrola Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.36%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 20, 2006
Sold by
Torres Daniel
Bought by
Gurrola Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.36%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 7, 2006
Sold by
Rea Johnny
Bought by
Rea Cilvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 30, 2006
Sold by
Torres Daniel
Bought by
Rea Cilvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 22, 2005
Sold by
Recio Ixchel
Bought by
Torres Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 16, 2004
Sold by
Ponce Fernando
Bought by
Recio Ixchel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2002
Sold by
Mendoza Jerry and Mendoza Bernadette
Bought by
Ponce Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.85%

Purchase Details

Closed on
Oct 14, 1997
Sold by
Perlstein Ronald David and Perlstein Judith Ellen
Bought by
Mendoza Jerry and Mendoza Bernadette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,444
Interest Rate
7.16%
Mortgage Type
FHA

Purchase Details

Closed on
May 1, 1996
Sold by
The Simon Family Trust
Bought by
Perlstein Ronald David and Perlstein Judith Ellen

Purchase Details

Closed on
Mar 12, 1996
Sold by
Calva Daniel J and Calva Kathleen A
Bought by
The Simon Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
City Of Azusa -- None Listed On Document
Montano Fredy A $600,000 Orange Coast Title Co Socal
Gurrola Christina -- Accommodation
Gurrola Manuel -- Orange Coast Title Company
Gurrola Manuel -- Orange Coast Title Company
Guerra Daniel Fred $350,000 Orange Coast Title Company
Flores Carlos -- None Available
Flores Carlos -- None Available
Gurrola Manuel -- Commonwealth Land Title Co
Gurrola Manuel $720,000 Commonwealth Land Title Co
Torres Daniel -- Commonwealth Land Title Co
Rea Cilvia -- Southland Title
Rea Cilvia $635,000 Southland Title
Torres Daniel -- Southland Title
Recio Ixchel $510,000 Gateway Title Company
Ponce Fernando $200,000 Old Republic Title
Mendoza Jerry $150,000 Benefit Land Title Company
Perlstein Ronald David -- --
The Simon Family Trust $46,302 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Montano Fredy A $424,000
Previous Owner Guerra Daniel Fred $343,660
Previous Owner Gurrola Manuel $108,000
Previous Owner Torres Daniel $108,000
Previous Owner Gurrola Manuel $576,000
Previous Owner Rea Cilvia $520,000
Previous Owner Rea Cilvia $130,000
Previous Owner Torres Daniel $520,000
Previous Owner Recio Ixchel $408,000
Previous Owner Ponce Fernando $190,000
Previous Owner Mendoza Jerry $147,444
Closed Recio Ixchel $76,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2017 09/28/17 Sold $600,000 +5.4% $275 / Sq Ft
09/27/2017 09/27/17 Pending -- -- --
07/11/2017 07/11/17 For Sale $569,000 +62.6% $261 / Sq Ft
07/12/2012 07/12/12 Sold $350,000 -- $160 / Sq Ft View Prior Sale
06/12/2012 06/12/12 Pending -- -- --
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 $8,643 $682,692 $477,885 $204,807
2024 $8,643 $669,307 $468,515 $200,792
2023 $8,417 $656,184 $459,329 $196,855
2022 $8,314 $643,319 $450,323 $192,996
2021 $8,107 $630,706 $441,494 $189,212
2020 $7,954 $624,240 $436,968 $187,272
2019 $7,842 $612,000 $428,400 $183,600
2018 $7,399 $600,000 $420,000 $180,000
2016 $4,641 $364,080 $197,643 $166,437
2015 $4,566 $358,612 $194,675 $163,937
2014 $4,279 $351,588 $190,862 $160,726
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Daniel Gomez

    Engel & Völkers Pasadena

    (626) 321-6248

    22 Total Sales

    Daniel Gomez
    Section Image

  • R

    Buyer's Agent in 2017

    REYNALDO ROMERO

    CENTURY 21 Affiliated

    (909) 772-9202

    12 Total Sales

    REYNALDO ROMERO
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-817000717

Pasadena-Foothills Association of REALTORS®

APN: 8614-026-029

California Los Angeles County Azusa 91702 South Azusa

408 S Vernon Ave, Azusa, CA

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