Seller's Agent in 2012
Alexandra Yeung
IRN REALTY
(626) 319-6216
1 in this area
142 Total Sales
424 Walnut Ave Montebello, CA 90640
Estimated Value: $1,055,000 - $1,816,143
9
Beds
5
Baths
3,733
Sq Ft
$393/Sq Ft
Est. Value
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Formal Entry
- Den
- Laundry Room
- Floor Furnace
About This Home
As of September 2012Excellent for investment. Nice and gated income property complex with 4 units located in the heart of Montebello. 3 apartment units feature with 2 bedrooms, 1 bathroom and a den, Front unit is a Single family house features 3 bedrooms and 2 bathrooms and a attached 2-cars garage. All units are occupied with long-term tenants. All units are well maintained, close to park, restaurants, schools and banks. This property is really a cash flow. The monthly rent solely consists of $4975/month and there is a separate laundry room built inside the complex which consists of extra $150 - $200 laundry income per month.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,981
Year Built
- Built in 1963
Lot Details
- 8,166 Sq Ft Lot
Parking
- 2 Car Garage
- Parking Available
- Assigned Parking
Interior Spaces
- 3,733 Sq Ft Home
- Formal Entry
- Family Room
- Den
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 77
- Tax Tract Number 5320
- Assessor Parcel Number 6349020037
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $550
- Gardener Expense $1,080
- Insurance Expense $1,440
- Maintenance Expense $3,000
- Trash Expense $980
- Water Sewer Expense $1,000
- New Taxes Expense $9,442
- Gross Income $5,125
- Net Operating Income $45,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 6, 2012
Closed on
Sep 17, 2012
Sold by
Yeung Alice and Yeung Alfred
Bought by
Liu Robert Yung Ping and Sun Christine Hsing Win
Seller's Agent
Alexandra Yeung
IRN REALTY
Buyer's Agent
Amy Wang
High Ten Partners, Inc.
List Price
$715,000
Sold Price
$700,000
Premium/Discount to List
-$15,000
-2.1%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$767,536
Avg. Annual Appreciation
6.20%
Original Mortgage
$453,000
Outstanding Balance
$315,979
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$1,212,908
Purchase Details
Closed on
Mar 23, 2004
Sold by
Yeung Alice and Yeung Alfred
Bought by
Yeung Alice
Purchase Details
Closed on
Oct 18, 2003
Sold by
Picker Charles
Bought by
Yeung Alice
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
5.97%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 6, 2003
Sold by
Niemczuk Don and Estate Of Natalie Niemczuk
Bought by
Picker Charles
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Liu Robert Yung Ping | $700,000 | Lawyers Title | |
| Yeung Alice | -- | -- | |
| Yeung Alice | $520,000 | Fatcola | |
| Picker Charles | -- | Fatcola |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Liu Robert Yung Ping | $453,000 | |
| Previous Owner | Picker Charles E | $66,000 | |
| Previous Owner | Picker Charles | $292,500 | |
| Previous Owner | Yeung Alice | $390,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/25/2012 09/25/12 | Sold | $700,000 | -2.1% | $188 / Sq Ft |
| 07/17/2012 07/17/12 | Pending | -- | -- | -- |
| 07/06/2012 07/06/12 | For Sale | $715,000 | -- | $192 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,981 | $861,991 | $369,423 | $492,568 |
| 2024 | $13,981 | $845,090 | $362,180 | $482,910 |
| 2023 | $13,909 | $828,521 | $355,079 | $473,442 |
| 2022 | $13,446 | $812,276 | $348,117 | $464,159 |
| 2021 | $12,939 | $796,350 | $341,292 | $455,058 |
| 2019 | $12,311 | $772,731 | $331,170 | $441,561 |
| 2018 | $12,425 | $757,580 | $324,677 | $432,903 |
| 2016 | $11,921 | $728,164 | $312,070 | $416,094 |
| 2015 | $11,326 | $717,227 | $307,383 | $409,844 |
| 2014 | $11,193 | $703,178 | $301,362 | $401,816 |
Source: Public Records
Agents Affiliated with this Home
-
Alexandra Yeung
-
Amy Wang
Buyer's Agent in 2012
Amy Wang
High Ten Partners, Inc.
(626) 462-5612
1 in this area
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: W12083930
APN: 6349-020-037
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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