NOT LISTED FOR SALE

4205 Evart St Montclair, CA 91763

4 Beds
5 Baths
34,212 Sq Ft
1.54 Acre Lot

Sale Details

Date Sold: June 15, 2016

Last sale price $8,180,000 $239 Per Sq Ft

69 Days on Market

Highlights

  • Private Pool
  • 1.54 Acre Lot
  • No HOA

About This Home

As of June 2016

Evart Apartments, Equal Housing Opportunity Provider, in Montclair, CA offers Studio, One Bedroom, and Two Bedroom apartments for rent. Our apartments are newly renovated to include modern finishes and combine comfort and simplicity while being centrally located near shopping, dining, schools, freeways, and transit. The community is equipped with coin-operated laundry facilities, BBQ areas, a sparkling pool, and outdoor courtyards.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Listed on: 02/04/2016

Co-Listed By

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS Listed on: 02/04/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 1.54 Acre Lot
  • Two or More Common Walls

Parking

  • 55 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 34,212 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Private Pool
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 21839
  • Assessor Parcel Number 1009383060000

Community Details

Overview

  • No Home Owners Association
  • 8 Buildings
  • 68 Units

Building Details

  • 68 Separate Electric Meters
  • 68 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $23,660
  • Gardener Expense $4,080
  • Insurance Expense $11,556
  • Maintenance Expense $30,600
  • Other Expense $13,600
  • Pool Expense $2,970
  • Professional Management Expense $65,492
  • Trash Expense $23,660
  • Water Sewer Expense $23,661
  • New Taxes Expense $92,216
  • Gross Income $62,875
  • Net Operating Income $413,178

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

1.54 Acres

Listing Details

  • CapRate: 4.86
  • Professional Management Expense: 65492.00
  • Property Attached: Yes
  • Water Sewer Expenses: 23661.00
  • Property Type: Residential Income
  • Gardener Expense: 4080.00
  • Parcel Number: 1009383060000
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 239.10

Exterior Features

  • Pool Expense: 2970.00
  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

  • Total Parking Spaces: 55.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 23660.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 67082.00
  • Price Per Lot Square Foot: 121.94
  • Lot Size Acres: 1.5400

Multi Family

  • Average1 Bed Area: 563
  • Average2 Bed Area: 1036
  • Average Studio Area: 220
  • Electric Expense: 23660.00
  • Gross Income: 62875.00
  • Gross Multiplier: 11.08
  • Gross Scheduled Income: 754000.00
  • Insurance Expense: 11556.00
  • Lot Size Area: 67082.0000 Square Feet
  • Maintenance Expense: 30600.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 413178.00
  • Number Of Separate Electric Meters: 68
  • Number Of Separate Gas Meters: 68
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 68
  • Operating Expense: 315156.00
  • Other Expense: 13600.00
  • Other Expense Description: Reserve
  • Rent Control: No

Tax Info

  • New Taxes Expense: 92216.00
  • Tax Lot: 6
  • Tax Tract Number: 21839

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,150,000
Interest Rate
0.0391%
Mortgage Type
Negative Amortization

Purchase Details

Listed on
Feb 4, 2016
Closed on
Jun 14, 2016
Sold by
Bought by
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$8,880,000
Sold Price
$8,180,000
Premium/Discount to List
-$700,000
-7.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,919,000
Interest Rate
0.0361%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,600,000
Interest Rate
0.0365%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2014
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 18, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$8,850,000 First American Title Ins Co
$8,180,000 First American Title Ins Co
$6,200,000 Fidelity National Title
$5,825,000 Fidelity National Title
-- Old Republic Title Company
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $6,100,000
Closed $6,150,000
Closed $5,919,000
Closed $5,600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/19/2024 03/19/24 Price Changed $2,300 +130.0% $5 / Sq Ft
03/06/2024 03/06/24 Price Changed $1,000 -56.5% $2 / Sq Ft
03/05/2024 03/05/24 Price Changed $2,300 +130.0% $5 / Sq Ft
08/08/2023 08/08/23 For Rent $1,000 0.0% --
06/21/2023 06/21/23 For Rent $1,000 0.0% --
03/11/2023 03/11/23 Price Changed $1,000 +4.7% $2 / Sq Ft
03/09/2023 03/09/23 For Rent $955 0.0% --
06/15/2016 06/15/16 Sold $8,180,000 -7.9% $239 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $8,880,000 -- $260 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $34,200 $3,111,963 $546,158 $2,565,805
2024 $33,422 $3,050,944 $535,449 $2,515,495
2023 $32,482 $2,991,122 $524,950 $2,466,172
2022 $32,052 $2,932,473 $514,657 $2,417,816
2021 $31,854 $2,874,974 $504,566 $2,370,408
2020 $31,294 $2,845,494 $499,392 $2,346,102
2019 $31,026 $2,789,700 $489,600 $2,300,100
2018 $30,597 $2,735,000 $480,000 $2,255,000
2017 $22,290 $2,023,680 $440,640 $1,583,040
2016 $29,057 $2,696,504 $304,575 $2,391,929
2015 $23,724 $2,181,329 $391,672 $1,789,657
2014 $11,070 $1,024,941 $115,990 $908,951
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16024010

California Regional Multiple Listing Service (CRMLS)
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