NOT LISTED FOR SALE

Estimated Value: $1,824,779

4 Beds
3 Baths
4,250 Sq Ft
$429/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $1,580,000 $372 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $11,470/month

88 Days on Market

Highlights

  • 0.45 Acre Lot
  • Laundry Room
  • 1-Story Property

About This Home

As of November 2022

***EXCELLENT INVESTOR OPPORTUNITY *** Commercial-Residential Mixed Use Property in the City Of El Monte, centrally located with easy access to two retail street front well established businesses, Oasis Saloon and Bike Revolution Bike Store. High Traffic visibility with 70ft retail frontage on Peck Rd. In addition to the Commercial Lease Income there are 3-Residential units, 1-2 bedroom-1 bath unit & 2-1 bedroom-1 bath units, each unit has a detached garage. All residential units are stand alone buildings currently occupied with Below Market Month to Month agreements. The property offers separate parking for both the retail and residential. Current Gross Scheduled Annual Income is $124,000 with upside potential.

Last Agent to Sell the Property

Eddie Dominguez

Eddie Dominguez, Broker License #01006577 Listed on: 08/08/2022

Last Buyer's Agent

Johnny Lam

Treeline Realty & Investment License #01064582

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 0.45 Acre Lot
  • No Common Walls

Parking

  • 3 Car Garage

Interior Spaces

  • 4 Bedrooms
  • 4,250 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 8,31
  • Tax Tract Number 10803
  • Assessor Parcel Number 8548012002

Community Details

Overview

  • 5 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,900
  • Maintenance Expense $2,000
  • Trash Expense $2,500
  • Water Sewer Expense $3,400
  • New Taxes Expense $17,500
  • Operating Expense $38,100
  • Gross Income $124,000
  • Net Operating Income $86,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.50
  • Property Attached: No
  • Water Sewer Expenses: 3400.00
  • Property Type: Residential Income
  • Parcel Number: 8548012002
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Price Per Square Foot: 371.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • 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: 19762.00
  • Lot Size Acres: 0.4537

Multi Family

  • Gross Income: 124000.00
  • Gross Scheduled Income: 124000.00
  • Insurance Expense: 3900.00
  • Lot Size Area: 19762.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 86000.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 38000.00
  • Rent Control: No
  • Total Expenses: 38100.00

Tax Info

  • New Taxes Expense: 17500.00
  • Tax Lot: 8,31
  • Tax Tract Number: 10803

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2022
Closed on
Nov 15, 2022
Sold by
Mizutani Family Trust
Bought by
Lien Vicky
Seller's Agent
Eddie Dominguez
Eddie Dominguez, Broker
Buyer's Agent
Johnny Lam
Treeline Realty & Investment
List Price
$1,898,000
Sold Price
$1,580,000
Premium/Discount to List
-$318,000
-16.75%
Views
31
Current Estimated Value
$1,824,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,779
Avg. Annual Appreciation
4.83%

Purchase Details

Listed on
Aug 8, 2022
Closed on
Nov 10, 2022
Sold by
Chu Yung-Che
Bought by
Lien Vicky
Seller's Agent
Eddie Dominguez
Eddie Dominguez, Broker
Buyer's Agent
Johnny Lam
Treeline Realty & Investment
List Price
$1,898,000
Sold Price
$1,580,000
Premium/Discount to List
-$318,000
-16.75%
Views
31

Purchase Details

Closed on
Feb 11, 2005
Sold by
Mizutani Henry and Mizutani Margarita
Bought by
Mizutani Henry and Mizutani Margarita
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
Lien Vicky $1,580,000 Provident Title
Lien Vicky -- Provident Title
Mizutani Henry -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2022 11/18/22 Sold $1,580,000 -6.9% $372 / Sq Ft
11/04/2022 11/04/22 Pending -- -- --
10/06/2022 10/06/22 Price Changed $1,698,000 -5.6% $400 / Sq Ft
09/18/2022 09/18/22 Price Changed $1,798,000 -5.3% $423 / Sq Ft
08/08/2022 08/08/22 For Sale $1,898,000 -- $447 / 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 $22,902 $1,643,832 $1,040,400 $603,432
2024 $22,902 $1,611,600 $1,020,000 $591,600
2023 $22,452 $1,580,000 $1,000,000 $580,000
2022 $9,902 $631,282 $577,186 $54,096
2021 $9,990 $618,905 $565,869 $53,036
2019 $10,159 $600,550 $549,086 $51,464
2018 $9,706 $588,775 $538,320 $50,455
2016 $9,292 $565,914 $517,417 $48,497
2015 $9,179 $557,414 $509,645 $47,769
2014 $8,843 $546,496 $499,662 $46,834
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR22172610

California Regional Multiple Listing Service (CRMLS)

APN: 8548-012-002