NOT LISTED FOR SALE

416 W Olive Ave Monrovia, CA 91016

Estimated Value: $963,000 - $1,183,000

4 Beds
2 Baths
1,290 Sq Ft
$801/Sq Ft Est. Value

Last Sold October 10, 2012

Last sale price $440,000 $341 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $6,071/month

60 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Two Homes on a Lot
  • 3-minute walk to Lucinda Garcia Park
  • Monrovia High School Rated A
  • Tile Flooring

About This Home

As of October 2012

2 Separate houses with fenced yards. Each have 2 bedrooms plus additional bedroom or offce (converted from 1 car garage), remodeled kitchens & baths, new windows and A/C units on a large 8,000 sq ft lot.

Last Agent to Sell the Property

Barbara Lyle

Coldwell Banker Realty License #01237757 Listed on: 08/02/2012

Coldwell Banker Realty

Last Buyer's Agent

Jeffrey Wung

Coldwell Banker Realty License #00918319

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 7,998

Parking

  • 2 Car Garage

Home Design

  • 1,290 Sq Ft Home

Flooring

  • Carpet
  • Tile

Additional Features

  • All Bedrooms Down
  • 7,998 Sq Ft Lot
  • Two Homes on a Lot

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 43090
  • Assessor Parcel Number 8506009009

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $700
  • Trash Expense $552
  • Water Sewer Expense $540
  • Gross Income $2,800
  • Net Operating Income $30,608

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Water Sewer Expenses: 540.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8506009009
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile
  • Levels: One
  • Price Per Square Foot: 341.09
  • Room Type: All Bedrooms Down

Exterior Features

  • Other Structures: Two On A Lot

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Trash Expense: 552.00

Lot Info

  • Lot Size Sq Ft: 7998.00
  • Lot Size Acres: 0.1840

Multi Family

  • Gross Income: 2800.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 700.00
  • Lot Size Area: 7998.0000 Square Feet
  • Net Operating Income: 30608.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2992.00
  • Rent Control: No
  • Total Actual Rent: 2800.00

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 43090

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2024
Sold by
Tu Victor Xiaoping
Bought by
Txp Family Trust and Tu
Current Estimated Value
$1,032,976

Purchase Details

Closed on
Aug 21, 2023
Sold by
Xiaoping Tu Victor and Fang Rena
Bought by
Tu Victor Xiaoping

Purchase Details

Closed on
Oct 25, 2016
Sold by
Fang Tu Victor Xiaoping and Fang Ren Rena
Bought by
Fang Tu Victor Xiaoping and Fang Ren Rena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.42%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Aug 2, 2012
Closed on
Oct 2, 2012
Sold by
Heynen Thomas D and Heynen Karen T
Bought by
Fang Tu Victor Xiaoping and Fang Ren Rena
Seller's Agent
Barbara Lyle
Coldwell Banker Realty
Buyer's Agent
Jeffrey Wung
Coldwell Banker Realty
List Price
$489,000
Sold Price
$440,000
Premium/Discount to List
-$49,000
-10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.63%

Purchase Details

Closed on
Sep 16, 2009
Sold by
Heynen Thomas D
Bought by
Heynen Thomas D and Heynen Karen T

Purchase Details

Closed on
Feb 25, 2008
Sold by
Heynen Karen T
Bought by
Heynen Thomas D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2004
Sold by
Bourne Development Llc
Bought by
Chan Benjamin P and Chang Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,200
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2003
Sold by
Bourne Edgar
Bought by
Bourne Development Llc

Purchase Details

Closed on
May 8, 2000
Sold by
Funchess Harold D and Funchess Jacqueline A
Bought by
Bourne Edgar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.96%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 28, 1994
Sold by
Heynen Thomas D
Bought by
Heynen Thomas D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Txp Family Trust -- None Listed On Document
Tu Victor Xiaoping -- None Listed On Document
Fang Tu Victor Xiaoping -- Provident Title Company
Tu Mona Rui -- Provident Title Company
Fang Tu Victor Xiaoping $440,000 Equity Title
Heynen Thomas D -- None Available
Heynen Thomas D -- Lawyers Title
Chan Benjamin P $389,000 Investors Title Company
Bourne Development Llc -- Investors Title Company
Bourne Edgar $105,000 Orange Coast Title
Heynen Thomas D -- Title Land Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tu Mona Rui $200,000
Previous Owner Heynen Thomas D $340,000
Previous Owner Chan Benjamin P $311,200
Previous Owner Bourne Edgar $180,000
Previous Owner Heynen Thomas D $142,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2012 10/10/12 Sold $440,000 -10.0% $341 / Sq Ft
10/01/2012 10/01/12 Pending -- -- --
08/02/2012 08/02/12 For Sale $489,000 -- $379 / 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 $8,672 $633,387 $455,992 $177,395
2024 $8,672 $620,968 $447,051 $173,917
2023 $7,351 $520,780 $402,423 $118,357
2022 $7,141 $510,570 $394,533 $116,037
2021 $7,002 $500,560 $386,798 $113,762
2020 $6,795 $495,428 $382,832 $112,596
2019 $6,677 $485,715 $375,326 $110,389
2018 $6,512 $476,192 $367,967 $108,225
2016 $6,266 $457,702 $353,679 $104,023
2015 $6,131 $450,828 $348,367 $102,461
2014 $6,075 $441,997 $341,543 $100,454
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Barbara Lyle

    Coldwell Banker Realty

    (626) 233-7010

    2 in this area

    15 Total Sales

    Barbara Lyle
    Section Image

  • J

    Buyer's Agent in 2012

    Jeffrey Wung

    Coldwell Banker Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A12096956

California Regional Multiple Listing Service (CRMLS)

APN: 8506-009-009

California Los Angeles County Monrovia 91016

416 W Olive Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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