NOT LISTED FOR SALE

424 E Foothill Blvd Monrovia, CA 91016

6 Beds
5 Baths
3,094 Sq Ft
0.33 Acres Lot

Sale Details

Date Sold: May 1, 2019

Last sale price $1,450,000 $469 Per Sq Ft

244 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Clifton Middle School Rated A-
  • Landscaped
  • 4-minute walk to Rotary Park

About This Home

As of May 2019

Well tended and lovingly maintained 5 unit complex in a great North Monrovia location. Close to Old Town and Gold Line. Each unit has 1 garage and 1 parking space. All units in good condition and 2 of the units have recently been completely updated. The laundry room has been completely redone within the last year. Tenants on month to month rental agreements and are long term currently paying rents below market. Check with city for development possibilities.

Last Agent to Sell the Property

Laura Stone

Compass License #01705073 Listed on: 07/07/2018

Last Buyer's Agent

Jenny Velasco

Impact Real Estate Services License #02024248

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 14,512 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Level Lot

Parking

  • 5 Open Parking Spaces
  • 5 Car Garage

Home Design

  • 3,094 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot AC
  • Tax Tract Number 4310
  • Assessor Parcel Number 8517001022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Electric Expense $420
  • Fuel Expense $360
  • Gardener Expense $960
  • Insurance Expense $2,000
  • Supplies Expense $40
  • Trash Expense $2,004
  • Water Sewer Expense $2,484
  • New Taxes Expense $19,530
  • Operating Expense $31,761
  • Gross Income $84,200
  • Net Operating Income $52,439

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0.33 Acres

Parking

5

Listing Details

  • Property Attached: Yes
  • Supplies Expense: 40.00
  • Water Sewer Expenses: 2484.00
  • Zoning: MORH*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 8517001022
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 468.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2004.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street, Lot 10000-19999 Sqft, Level
  • Lot Size Sq Ft: 14512.00
  • Lot Size Acres: 0.3331

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 420.00
  • Fuel Expense: 360.00
  • Gross Income: 84200.00
  • Gross Scheduled Income: 84200.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 200.00
  • Lot Size Area: 14512.0000 Square Feet
  • Net Operating Income: 52439.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 31761.00
  • Rent Control: No
  • Total Actual Rent: 7000.00
  • Total Expenses: 31761.00

Tax Info

  • New Taxes Expense: 19530.00
  • Tax Census Tract: 4310.01
  • Tax Lot: AC
  • Tax Tract Number: 4310
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2019 05/01/19 Sold $1,450,000 -2.0% $469 / Sq Ft
03/08/2019 03/08/19 Pending -- -- --
01/12/2019 01/12/19 Price Changed $1,480,000 0.0% $478 / Sq Ft
01/12/2019 01/12/19 For Sale $1,480,000 +2.1% $478 / Sq Ft
11/16/2018 11/16/18 Off Market $1,450,000 -- --
08/08/2018 08/08/18 Price Changed $1,575,000 -14.9% $509 / Sq Ft
07/16/2018 07/16/18 Price Changed $1,850,000 -11.9% $598 / Sq Ft
07/07/2018 07/07/18 For Sale $2,100,000 -- $679 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $22,531 $1,617,498 $948,189 $669,309
2024 $22,531 $1,585,784 $929,598 $656,186
2023 $22,033 $1,554,691 $911,371 $643,320
2022 $21,414 $1,524,207 $893,501 $630,706
2021 $21,010 $1,494,322 $875,982 $618,340
2019 $7,247 $415,769 $210,797 $204,972
2018 $6,949 $407,641 $206,664 $200,977
2016 $6,649 $390,660 $198,640 $192,020
2015 $6,522 $384,793 $195,657 $189,136
2014 $6,492 $377,257 $191,825 $185,432
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18161880

California Regional Multiple Listing Service (CRMLS)
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