NOT LISTED FOR SALE

424 N Orange Ave Monterey Park, CA 91755

Estimated Value: $1,412,000 - $1,502,000

5 Beds
4 Baths
2,772 Sq Ft
$527/Sq Ft Est. Value

Last Sold October 15, 2018

Last sale price $1,038,000 $374 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $8,983/month

8 Days on Market

Highlights

  • Living Room
  • Family Room
  • Wall Furnace
  • Garvey (Richard) Intermediate School Rated A-
  • Fenced

About This Home

As of October 2018

Four units including 2 units 1 bedroom 1 bath in the front building. 1 unit 2 bedroom 1 bath and 1 unit 1 bath in the back building. Big lot over 10000 sqft with wide frontage. Zone multiple unit can build more than one house. Buyer checks city to verify,satify himself, no qurantee. Can be a good development now or in the furture. Good for home owner with rental incomes. Rents are low. Ease to keep and maintain. Close to Gravey av, park,high school and markets.

Last Agent to Sell the Property

RICHARD CHU

HUNTINGTON REALTY GROUP CO. License #00936719 Listed on: 09/16/2018

Last Buyer's Agent

Ting Chu

IRN REALTY License #01912651

IRN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,028

Year Built

  • Built in 1951

Lot Details

  • 10,046 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition

Parking

  • 5 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,772 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Gas Cooktop

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5258017022

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Fuel Expense $600
  • Gardener Expense $600
  • Insurance Expense $1,100
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $10,480
  • Operating Expense $16,820
  • Gross Income $41,520
  • Net Operating Income $24,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,028

Year Built

Built in 1951

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 1500.00
  • Zoning: MPR2*
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5258017022
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 374.46
  • Room Type: Family Room, Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooktop, Gas Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10046.00

Multi Family

  • Electric Expense: 1000.00
  • Fuel Expense: 600.00
  • Gross Income: 41520.00
  • Gross Scheduled Income: 41520.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 24700.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 16820.00
  • Rent Control: No
  • Total Actual Rent: 3460.00
  • Total Expenses: 16820.00

Tax Info

  • New Taxes Expense: 10480.00
  • Tax Census Tract: 4817.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2018
Closed on
Oct 11, 2018
Sold by
Chu Yimking Annabella
Bought by
Chan Ryan and Chen Jenny Yunying
Seller's Agent
RICHARD CHU
HUNTINGTON REALTY GROUP CO.
Buyer's Agent
Ting Chu
IRN REALTY
List Price
$1,048,000
Sold Price
$1,038,000
Premium/Discount to List
-$10,000
-0.95%
Current Estimated Value
$1,461,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$423,086
Avg. Annual Appreciation
4.98%
Original Mortgage
$500,000
Outstanding Balance
$436,030
Interest Rate
4.5%
Mortgage Type
Seller Take Back
Estimated Equity
$1,025,056

Purchase Details

Closed on
Aug 24, 2017
Sold by
Lam Simon Tat Shing and Chu Anna Im Sin
Bought by
Chu Yimking Annabella

Purchase Details

Closed on
Oct 26, 2015
Sold by
Lam Simon Tat Shing and Chu Anna Im Sin
Bought by
Lam Simon Tat Shing and Chu Anna Im Sin

Purchase Details

Closed on
Mar 5, 2014
Sold by
Lam Simon Tat Shing and Chu Anna Im Sin
Bought by
Lam Simon Tat Shing and Chu Anna Im Sin

Purchase Details

Closed on
Jun 18, 2005
Sold by
Lam Simon Tat Shing
Bought by
Lam Simon Tat Shing and Chu Anna Im Sin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2004
Sold by
Huang Joan C
Bought by
Lam Simon Tat Shing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,600
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 1996
Sold by
Ip Chun W and Ip Yeukki C
Bought by
Huang Joan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
8.06%
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
Chan Ryan $1,038,000 Stewart Title
Chu Yimking Annabella -- None Available
Lam Simon Tat Shing -- None Available
Lam Simon Tat Shing -- None Available
Lam Simon Tat Shing -- Gateway Title Company
Lam Simon Tat Shing $518,000 Ticor Title Co Glendale
Lam Simon Tat Shing -- Ticor Title Co Glendale
Huang Joan C $270,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Ryan $500,000
Previous Owner Lam Simon Tat Shing $450,000
Previous Owner Lam Simon Tat Shing $362,600
Previous Owner Huang Joan C $202,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2018 10/15/18 Sold $1,038,000 -1.0% $374 / Sq Ft
09/16/2018 09/16/18 For Sale $1,048,000 -- $378 / 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 $16,028 $1,157,905 $823,251 $334,654
2024 $16,028 $1,135,202 $807,109 $328,093
2023 $15,501 $1,112,944 $791,284 $321,660
2022 $14,808 $1,091,122 $775,769 $315,353
2021 $14,737 $1,069,728 $760,558 $309,170
2019 $14,193 $1,038,240 $738,000 $300,240
2018 $13,182 $950,240 $700,000 $250,240
2016 $8,555 $622,132 $439,578 $182,554
2015 $8,390 $612,788 $432,976 $179,812
2014 $8,294 $600,785 $424,495 $176,290
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    RICHARD CHU

    HUNTINGTON REALTY GROUP CO.

  • Ting Chu

    Buyer's Agent in 2018

    Ting Chu

    IRN REALTY

    (626) 289-6660

    4 in this area

    129 Total Sales

    Ting Chu
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18226450

California Regional Multiple Listing Service (CRMLS)

APN: 5258-017-022

California Los Angeles County Monterey Park 91755

424 N Orange Ave, Monterey Park, CA

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