$846,888
SOLD DEC 16, 2024

410 S Garfield Ave Unit A&B Monterey Park, CA 91754

5 Beds
2 Baths
2,317 Sq Ft
6,501 Sq Ft Lot

Recently Sold

$366 Per Sq Ft

6% Above List Price

21 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Ynez Elementary School Rated A-
  • Laundry Room
  • Back Yard

About This Home

As of December 2024

This is a RARE OPPORTUNITY and definitely a SMART INVESTMENT for your future DREAM HOME! This DUPLEX is located in the prime location and in the heart of Monterey Park! Lowest Price on the market {$345/SF} with the Excellent Mark Keppel High School! Walking distances to Shopping, Dinning, Banks, Bus Stations, Clinics and easy access to all the major Freeways! The Roof was changed in 2016 and 2018! Live in one unit and rent out the other or rent out both for an income stream in such a sought-after area with strong rental demand! Or live in both units…ideal for Multi-Generational Living as well! Both units are occupied on a Month-to-Month Lease Agreement. Unit #A downstairs features 2 Bedrooms, 1 Bathroom, Living Room, a spacious Kitchen and is about 884 SF Living Space. Unit #B upstairs offers 3 Bedrooms, 1 Bathroom, Living Room, Storage Rooms, a Kitchen and approx. 1,433 SF Living Size. There is a Huge Open Patio next to Unit B which offers great potential for expansion! One Water Meter, two Gas Meters and two separate Electrical Panels on the property. Two Separate Stairs access to the upstairs. The Backyard has extra spaces for entertainment. Private Driveway can accommodate RV Parking. This DUPLEX is the PERFECT BLEND of Comfort, Convenience, and Investment Potential. Explore the possibilities and envision transforming this hidden gem into your dream investment!!! Please do not walk around the property without a scheduled appointment. Drive By First! The property is sold AS IS and WHERE IS Condition.

Last Agent to Sell the Property

Jing Chen

RE/MAX CHAMPIONS Brokerage Phone: 626-576-8811 License #01911286 Listed on: 11/19/2024

RE/MAX CHAMPIONS

Last Buyer's Agent

Jing Chen

RE/MAX CHAMPIONS Brokerage Phone: 626-576-8811 License #01911286 Listed on: 11/19/2024

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,920

Year Built

  • Built in 1958

Lot Details

  • 6,501 Sq Ft Lot
  • No Common Walls
  • Back Yard

Home Design

  • Duplex
  • Fixer Upper

Interior Spaces

  • 2,317 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Parking Lot

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 6 / J
  • Tax Tract Number 786
  • Assessor Parcel Number 5257016014

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,250
  • Trash Expense $720
  • Water Sewer Expense $2,400
  • New Taxes Expense $3,000
  • Operating Expense $7,370
  • Gross Income $34,200
  • Net Operating Income $26,830

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,920

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 400000
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Zoning: MPR3*
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5257016014
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Side
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 365.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Water Heater
  • Heating Type: Natural Gas
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Multi Family

  • Average2 Bed Area: 1 Square Feet
  • Average3 Bed Area: 1 Square Feet
  • Average Studio Area: 1 Square Feet
  • Gross Income: 34200.00
  • Gross Scheduled Income: 34200.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 6501.0000 Square Feet
  • Net Operating Income: 26830.00
  • 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
  • Operating Expense: 7370.00
  • Rent Control: No
  • Total Actual Rent: 34200.00
  • Total Expenses: 7370.00

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Block: J
  • Tax Census Tract: 4822.01
  • Tax Lot: 6
  • Tax Tract Number: 786

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2024
Closed on
Dec 2, 2024
Sold by
Tie Stewart Y and Tie Margaret Y
Bought by
Ho Anita and Lau Jason
Seller's Agent
Jing Chen
RE/MAX CHAMPIONS
Buyer's Agent
Jing Chen
RE/MAX CHAMPIONS
List Price
$799,999
Sold Price
$846,888
Premium/Discount to List
$46,889
5.86%
Views
35
Current Estimated Value
$871,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,218
Avg. Annual Appreciation
3.16%

Purchase Details

Closed on
Sep 26, 2003
Sold by
Tie Stewart Y and Wilson Margaret Y Tie
Bought by
Tie Stewart Y and Wilson Margaret Y Tie

Purchase Details

Closed on
Jun 19, 1999
Sold by
Tie Henry V and Tie Ken F
Bought by
Tie Stewart Y and Tie Margaret Y
Source: Public Records

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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 Type Sale Price Title Company
Grant Deed $847,000 Fidelity National Title
Grant Deed -- Fidelity National Title
Grant Deed -- Fidelity National Title
Interfamily Deed Transfer -- --
Gift Deed -- First Southwestern Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2024 12/16/24 Sold $846,888 0.0% $366 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
11/26/2024 11/26/24 Off Market $846,888 -- --
11/19/2024 11/19/24 For Sale $799,999 -- $345 / 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 $2,920 $846,900 $400,000 $446,900
2024 $2,920 $172,043 $87,468 $84,575
2023 $2,900 $168,670 $85,753 $82,917
2022 $2,784 $165,364 $84,072 $81,292
2021 $2,737 $162,123 $82,424 $79,699
2020 $2,723 $160,461 $81,579 $78,882
2019 $2,654 $157,316 $79,980 $77,336
2018 $2,547 $154,232 $78,412 $75,820
2016 $2,411 $148,245 $75,368 $72,877
2015 $2,399 $146,019 $74,236 $71,783
2014 $2,390 $143,159 $72,782 $70,377
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24236754

California Regional Multiple Listing Service (CRMLS)

APN: 5257-016-014