NOT LISTED FOR SALE

4103 Rincon Ave Montrose, CA 91020

Montecito Park Neighborhood

Estimated Value: $1,440,000 - $2,107,021

4 Beds
4 Baths
2,694 Sq Ft
$643/Sq Ft Est. Value

Last Sold January 12, 2015

Last sale price $1,133,000 $421 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $10,423/month

7 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Living Room
  • John C. Fremont Elementary School Rated A-
  • No HOA
  • Laundry Room

About This Home

As of January 2015

Fantastic and rare 4 single unit quadruplex in lovely Montrose. See attached Operating Expenses and Rent Rolls in supplements section. The Total Annual Operating Expenses reflect up to November. This completely remodeled quadruplex has wonderful curb appeal with its fresh exterior paint, brand new dual pane windows, lush green landscaping, and 4 attached single car garages. Each unit features a spacious 1 bed, 1 bath boasting brand new interior paint, refinished hardwood floors that flow through your light and bright living rooms and on into your bedroom, brand new vanities and new tile floor can be found in all 4 full baths, and each unit boasts new custom kitchens with all new appliances. Each unit also boasts its own private laundry area and its own 1 car garage with an extra parking spot for a 2nd car. New fixtures, new garage doors, new irrigation, the list keeps going. Located steps from Downtown Montrose, the 210 and 2 freeways truly make this the ideal place to live for any tenant and the ideal investment.

Last Agent to Sell the Property

Polly Watts

Sundae Homes License #00895696 Listed on: 12/12/2014

Last Buyer's Agent

Brent Ballard

Anderson Ballard Companies License #01297151

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,770

Year Built

  • Built in 1941

Lot Details

  • 8,625 Sq Ft Lot
  • No Common Walls
  • Front Yard Sprinklers
  • Back and Front Yard

Parking

  • 4 Car Garage

Home Design

  • Traditional Architecture
  • Combination Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,694 Sq Ft Home
  • Living Room
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 250
  • Tax Tract Number 1701
  • Assessor Parcel Number 5807003025

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $41
  • Gardener Expense $1,677
  • Maintenance Expense $12,567
  • Pest Control $400
  • Water Sewer Expense $2,805
  • Gross Income $5,900
  • Net Operating Income $70,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,770

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 2805.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1677.00
  • Parcel Number: 5807003025
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 420.56
  • Room Type: Living Room

Exterior Features

  • Foundation: Combination
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Pest Control Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard, Front Yard, Sprinklers In Front
  • Lot Size Sq Ft: 8625.00
  • Lot Size Acres: 0.1980

Multi Family

  • Electric Expense: 41.00
  • Gross Income: 5900.00
  • Gross Scheduled Income: 70800.00
  • Lot Size Area: 8625.0000 Square Feet
  • Maintenance Expense: 12567.00
  • Net Operating Income: 70800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 250
  • Tax Tract Number: 1701
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2014
Closed on
Jan 8, 2015
Sold by
West Ridge Rentals Llc
Bought by
Lauren Investment Group Llc
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Brent Ballard
Anderson Ballard Companies
List Price
$1,000,000
Sold Price
$1,133,000
Premium/Discount to List
$133,000
13.3%
Current Estimated Value
$1,731,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$598,755
Avg. Annual Appreciation
3.99%

Purchase Details

Closed on
Oct 23, 2013
Sold by
Mid Cal Realty Services Inc
Bought by
West Ridge Rentals Llc

Purchase Details

Closed on
Oct 18, 2013
Sold by
Park Soon Yi and Park Suang Jay
Bought by
Mid Cal Realty Services Inc

Purchase Details

Closed on
Sep 8, 2004
Sold by
Land Investment Inc
Bought by
Park Soon Yi and Sung Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2004
Sold by
Maloney Michael P and Maloney Janet Y
Bought by
Land Investment Inc
Source: Public Records

Range of Values:

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Average Value
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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
Lauren Investment Group Llc $1,133,000 Fidelity National Title Co
West Ridge Rentals Llc -- Fidelity National Title Co
Mid Cal Realty Services Inc $736,054 Fidelity National Title Co
Park Soon Yi $990,000 Chicago Title Company
Land Investment Inc $750,000 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Park Soon Yi $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2015 01/12/15 Sold $1,133,000 +13.3% $421 / Sq Ft
12/19/2014 12/19/14 Pending -- -- --
12/12/2014 12/12/14 For Sale $1,000,000 -- $371 / 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 $15,770 $1,361,688 $1,093,680 $268,008
2024 $15,770 $1,334,989 $1,072,236 $262,753
2023 $15,086 $1,308,813 $1,051,212 $257,601
2022 $14,508 $1,283,150 $1,030,600 $252,550
2021 $14,260 $1,257,992 $1,010,393 $247,599
2019 $13,720 $1,220,681 $980,425 $240,256
2018 $13,430 $1,196,747 $961,201 $235,546
2016 $12,820 $1,150,277 $923,877 $226,400
2015 $11,337 $1,019,980 $713,986 $305,994
2014 $11,255 $1,000,000 $700,000 $300,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2015

    Polly Watts

    Sundae Homes

    Section Image

  • B

    Buyer's Agent in 2015

    Brent Ballard

    Anderson Ballard Companies

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14257451

California Regional Multiple Listing Service (CRMLS)

APN: 5807-003-025

California Los Angeles County Montrose 91020 Montecito Park

4103 Rincon Ave, Montrose, CA

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