NOT LISTED FOR SALE

409 N New Ave Monterey Park, CA 91755

Estimated Value: $1,112,000 - $1,257,000

3 Beds
2 Baths
2,227 Sq Ft
$530/Sq Ft Est. Value

Last Sold November 09, 2021

Last sale price $1,010,000 $454 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,417/month

15 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Fireplace in Bathroom
  • Laundry Room
  • Garvey (Richard) Intermediate School Rated A-
  • Wood Flooring
  • No Interior Steps

About This Home

As of November 2021

Professionally maintained Triplex in Monterey Park. One two bedroom, one bath and two one bedroom, one bath. Each unit has their own garage at the back of the property. Very good location, close to shopping, restaurants and easy access to the 10 freeway.

Last Agent to Sell the Property

W.Wayne Thornton

Century 21 Village Realty License #01075836 Listed on: 07/19/2021

Century 21 Village Realty

Last Buyer's Agent

Tony Lao

HUNTINGTON REALTY GROUP CO. License #01083388

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,682

Year Built

  • Built in 1949

Lot Details

  • 7,453 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard Sprinklers

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 2,227 Sq Ft Home
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Washer Hookup

Accessible Home Design

  • No Interior Steps
  • More Than Two Accessible Exits
  • Accessible Parking

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 3511
  • Assessor Parcel Number 5258012037

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $996
  • Professional Management Expense $2,976
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • Operating Expense $3,636
  • Gross Income $39,000
  • Net Operating Income $32,388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,682

Year Built

Built in 1949

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 333333
  • Professional Management Expense: 2976.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: MPR3*
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 5258012037
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Accessibility Features: 2+ Access Exits, No Interior Steps, Parking
  • Appliances: Yes
  • Fireplace Features: Bath, Kitchen, Living Room, Electric, Gas
  • Price Per Square Foot: 453.52
  • Room Type: All Bedrooms Down, Laundry

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Sprinkler System, Sprinklers In Front, Sprinklers Timer
  • Lot Size Sq Ft: 7453.00
  • Lot Size Acres: 0.1711

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 39000.00
  • Gross Scheduled Income: 39000.00
  • Insurance Expense: 996.00
  • Lot Size Area: 7453.0000 Square Feet
  • Net Operating Income: 32388.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 2
  • Operating Expense: 6612.00
  • Rent Control: No
  • Total Actual Rent: 3250.00
  • Total Expenses: 3636.00

Tax Info

  • Tax Census Tract: 4817.12
  • Tax Lot: 2
  • Tax Tract Number: 3511

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2014
Sold by
Emery Sharron Ann
Bought by
Emery Sharron Ann and The Joint Revocable Agreement Of Jack Ke
Current Estimated Value
$1,180,977

Purchase Details

Closed on
Jul 6, 2001
Sold by
Hurd Stephen P
Bought by
Hurd Stephen Phillip

Purchase Details

Closed on
Nov 1, 2000
Sold by
Emery Sharron A and Hurd Stephen P
Bought by
Emery Sharron A

Purchase Details

Closed on
Jun 21, 1995
Sold by
Hurd Ruth R and Hurd Trust
Bought by
Hurd Ruth R and Hurd Trust
Source: Public Records

Range of Values:

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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
Emery Sharron Ann -- None Available
Hurd Stephen Phillip -- --
Emery Sharron A -- --
Hurd Ruth R -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2021 11/09/21 Sold $1,010,000 +1.0% $454 / Sq Ft
09/17/2021 09/17/21 Price Changed $1,000,000 -2.4% $449 / Sq Ft
08/12/2021 08/12/21 Price Changed $1,025,000 0.0% $460 / Sq Ft
08/12/2021 08/12/21 For Sale $1,025,000 +3.5% $460 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $990,000 -- $445 / 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 $14,682 $1,071,819 $753,457 $318,362
2024 $14,682 $1,050,804 $738,684 $312,120
2023 $14,196 $1,030,200 $724,200 $306,000
2022 $13,556 $1,010,000 $710,000 $300,000
2021 $1,605 $63,588 $21,939 $41,649
2019 $1,564 $61,704 $21,290 $40,414
2018 $1,409 $60,495 $20,873 $39,622
2016 $1,370 $58,148 $20,063 $38,085
2015 $1,346 $57,275 $19,762 $37,513
2014 $1,351 $56,154 $19,375 $36,779
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21158038

California Regional Multiple Listing Service (CRMLS)

APN: 5258-012-037