NOT LISTED FOR SALE

409 W Lime Ave Monrovia, CA 91016

Estimated Value: $1,056,000 - $1,147,000

4 Beds
2 Baths
1,754 Sq Ft
$633/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $995,000 $567 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,922/month

30 Days on Market

Highlights

  • Mountain View
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Monrovia High School Rated A
  • No HOA
  • Living Room

About This Home

As of November 2023

If you are in the market for a duplex, this is the one! Located in the desirable and picturesque city of Monrovia, this property features a front house that includes 3 bedrooms and 1 bathroom, a spacious living room, formal dining area, and kitchen with a quaint breakfast nook. The house also boasts a laundry room and central heat and air conditioning. An inviting and generous side yard patio adds to the appeal of this property. A sizeable backyard provides endless possibilities and potential.

The charming back house offers convenient private alley access with its own individual outdoor space allowing for privacy. The interior includes 1 bedroom and 1 bathroom as well as an efficient floorplan and a great deal of storage area.

This duplex is ideally located within walking distance to Library Park and popular Old Town Monrovia with its many restaurants and unique shops. It is conveniently located near the Metro station and award winning Monroe Elementary School.

Last Agent to Sell the Property

Micah Adams

CENTURY 21 ADAMS & BARNES License #01427306 Listed on: 09/25/2023

CENTURY 21 ADAMS & BARNES

Last Buyer's Agent

Yumi Kim

Real Brokerage Technologies, Inc License #01987116

Real Brokerage Technologies, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 8,030 Sq Ft Lot
  • Lot Dimensions are 50x161
  • No Common Walls
  • South Facing Home
  • Wood Fence
  • Rectangular Lot
  • Front and Back Yard Sprinklers
  • Private Yard
  • Lawn

Parking

  • 2 Car Garage
  • 5 Open Parking Spaces
  • 5 Carport Spaces
  • Parking Available
  • Rear-Facing Garage
  • Driveway

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Duplex
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,754 Sq Ft Home
  • 1-Story Property
  • Living Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 15 / F
  • Tax Tract Number 1
  • Assessor Parcel Number 8505008029
  • $742 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Foothills

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • Operating Expense $4,900
  • Gross Income $36,120
  • Net Operating Income $36,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: MORM*
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8505008029
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 567.27
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • Direction Faces: South
  • Foundation: Concrete Perimeter, Raised
  • View: Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Driveway, Concrete, Garage, Garage Faces Rear
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Rectangular Lot, Sprinklers In Front, Sprinklers In Rear, Yard
  • Lot Size: 50x161
  • Lot Size Sq Ft: 8030.00
  • Lot Size Acres: 0.1843

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 492 Square Feet
  • Average3 Bed Area: 1262 Square Feet
  • Gross Income: 36120.00
  • Gross Scheduled Income: 36120.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 8030.0000 Square Feet
  • Net Operating Income: 36120.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 3010.00
  • Total Expenses: 4900.00

Tax Info

  • Tax Block: F
  • Tax Census Tract: 4310.03
  • Tax Lot: 15
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 742.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2023
Closed on
Nov 7, 2023
Sold by
Reyes Ryan Ross
Bought by
Kim Yumi
Seller's Agent
Micah Adams
CENTURY 21 ADAMS & BARNES
Buyer's Agent
Yumi Kim
Real Brokerage Technologies, Inc
List Price
$989,000
Sold Price
$995,000
Premium/Discount to List
$6,000
0.61%
Views
88
Current Estimated Value
$1,109,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,506
Avg. Annual Appreciation
5.25%
Original Mortgage
$645,000
Outstanding Balance
$633,727
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$475,779

Purchase Details

Listed on
Sep 25, 2023
Closed on
Oct 26, 2023
Sold by
Darwin K Mckenzie K and Darwin Linda S
Bought by
Kim Yumi
Seller's Agent
Micah Adams
CENTURY 21 ADAMS & BARNES
Buyer's Agent
Yumi Kim
Real Brokerage Technologies, Inc
List Price
$989,000
Sold Price
$995,000
Premium/Discount to List
$6,000
0.61%
Views
88

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Outstanding Balance
$633,727
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$475,779

Purchase Details

Closed on
Mar 17, 2006
Sold by
Mckenzie Darwin K and Mckenzie Linda S
Bought by
Mckenzie Darwin K and Mckenzie Linda S

Purchase Details

Closed on
Jun 21, 2004
Sold by
Mckenzie Randall and Mckenzie Darla R
Bought by
Mckenzie Darwin K and Mckenzie Linda S

Purchase Details

Closed on
Sep 17, 2002
Sold by
Siefke William John and The Siefke Family Trust
Bought by
Mckenzie Randall and Mckenzie Darla R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
6.16%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kim Yumi -- Chicago Title Company
Kim Yumi $995,000 Chicago Title Company
Mckenzie Darwin K -- None Available
Mckenzie Darwin K $489,000 Ticor Title
Mckenzie Randall $319,000 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Yumi $645,000
Previous Owner Mckenzie Randall $209,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2023 11/15/23 Sold $995,000 0.0% $567 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/24/2023 10/24/23 Off Market $995,000 -- --
10/12/2023 10/12/23 For Sale $989,000 -0.6% $564 / Sq Ft
10/09/2023 10/09/23 Off Market $995,000 -- --
09/25/2023 09/25/23 For Sale $989,000 -- $564 / 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 $13,515 $1,014,900 $586,500 $428,400
2024 $13,515 $995,000 $575,000 $420,000
2023 $6,421 $444,058 $348,016 $96,042
2022 $6,240 $435,352 $341,193 $94,159
2021 $6,116 $426,816 $334,503 $92,313
2020 $5,938 $422,441 $331,074 $91,367
2019 $5,837 $414,159 $324,583 $89,576
2018 $5,668 $406,039 $318,219 $87,820
2016 $5,448 $390,274 $305,863 $84,411
2015 $5,331 $384,413 $301,269 $83,144
2014 $5,286 $376,884 $295,368 $81,516
Source: Public Records

Agents Affiliated with this Home

  • Micah Adams

    Seller's Agent in 2023

    Micah Adams

    CENTURY 21 ADAMS & BARNES

    (626) 589-3870

    10 in this area

    30 Total Sales

    Micah Adams
    Section Image
  • Yumi Kim

    Buyer's Agent in 2023

    Yumi Kim

    Real Brokerage Technologies, Inc

    (626) 233-5744

    3 in this area

    40 Total Sales

    Yumi Kim
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23178861

California Regional Multiple Listing Service (CRMLS)

APN: 8505-008-029

California Los Angeles County Monrovia 91016

409 W Lime Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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