NOT LISTED FOR SALE

4263 Maxson Rd El Monte, CA 91732

Norwood Cherrylee Neighborhood

Estimated Value: $1,221,000 - $1,527,000

8 Beds
5 Baths
2,927 Sq Ft
$462/Sq Ft Est. Value

Last Sold September 18, 2020

Last sale price $1,046,000 $357 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $8,402/month

3 Days on Market

Highlights

  • 0.69 Acre Lot
  • Laundry Room
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window

About This Home

As of September 2020

Proud to present huge lot 30,118 sqt with 3 unit property .Perfect for homeowner looking to live in one and have stable income and investor looking for built ..... Features one of 2 bedrooms / 1 bath , two of 3 bedroom / two baths . Each units are individually metered for gas , electricity and water . Ample parking . Easy access to the 60, 10, and 605 freeways. Buyer should perform all due diligence before submitting offer . Tenants are NOT AWARE property is for sale , please do NOT APPROACH tenants or walk on property.

Last Agent to Sell the Property

Shirley Lam

IRN REALTY License #01254472 Listed on: 07/31/2020

IRN REALTY

Last Buyer's Agent

Shirley Lam

IRN REALTY License #01254472 Listed on: 07/31/2020

IRN REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1933

Lot Details

  • 0.69 Acre Lot
  • Two or More Common Walls

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,927 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Legal Lot and Block 13 / B
  • Tax Tract Number 11221
  • Assessor Parcel Number 8545014024

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $1,320
  • Insurance Expense $1,475
  • Trash Expense $1,115
  • New Taxes Expense $14,998
  • Operating Expense $18,908
  • Gross Income $55,489
  • Net Operating Income $55,489

Property Details

Home Type

Multi-Family

Year Built

Built in 1933

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Zoning: EMR1BY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 8545014024
  • Year Built: 1933
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 357.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1115.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 30118.00
  • Lot Size Acres: 0.6914

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 55488.90
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 1475.00
  • Lot Size Area: 30118.0000 Square Feet
  • Net Operating Income: 55488.91
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 3911.09
  • Rent Control: No
  • Total Actual Rent: 4950.00
  • Total Expenses: 18908.00

Tax Info

  • New Taxes Expense: 14998.00
  • Tax Block: B
  • Tax Census Tract: 4326.02
  • Tax Lot: 13
  • Tax Tract Number: 11221

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2016
Closed on
Jun 19, 2017
Sold by
Lam Wai P
Bought by
Huang Xue Fang
Seller's Agent
Humberto Martinez
AMC Realty
Buyer's Agent
Shirley Lam
IRN REALTY
List Price
$1,200,000
Sold Price
$864,455
Premium/Discount to List
-$335,545
-27.96%
Current Estimated Value
$1,352,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$488,378
Avg. Annual Appreciation
5.41%
Original Mortgage
$500,000
Outstanding Balance
$415,896
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$936,937

Purchase Details

Listed on
Nov 10, 2016
Closed on
May 27, 2017
Sold by
Mendez Francisco Juan and Mendez Sofia
Bought by
Huang Xue Fang and Lam Erika Wing Yung
Seller's Agent
Humberto Martinez
AMC Realty
Buyer's Agent
Shirley Lam
IRN REALTY
List Price
$1,200,000
Sold Price
$864,455
Premium/Discount to List
-$335,545
-27.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$415,896
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$936,937

Purchase Details

Closed on
Feb 1, 2006
Sold by
Phung Qui K and Pham Dao
Bought by
Mendez Francisco Juan and Mendez Sofia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$843,750
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 26, 1999
Sold by
Le Dung Duc and Quach Tuyet Thi
Bought by
Phung Qui K and Pham Dao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.7%

Purchase Details

Closed on
May 5, 1995
Sold by
Emc Mtg Corp
Bought by
Le Dung Duc and Quach Tuyet Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,200
Interest Rate
7.9%

Purchase Details

Closed on
Mar 1, 1995
Sold by
Great Western Bank Fsb
Bought by
Emc Mtg Corp

Purchase Details

Closed on
Jan 19, 1995
Sold by
Mascorro Frederick S and Mascorro Maria Y
Bought by
Great Western Bank Fsb
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
Huang Xue Fang -- Chicago Title Company
Huang Xue Fang $864,500 Chicago Title Company
Mendez Francisco Juan $1,150,000 Commonwealth
Phung Qui K $252,000 Landsafe Title
Le Dung Duc $191,500 Chicago Title Co
Emc Mtg Corp $156,000 Chicago Title Insurance Co
Great Western Bank Fsb $208,738 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Xue Fang $500,000
Previous Owner Mendez Francisco Juan $843,750
Previous Owner Phung Qui K $120,000
Previous Owner Le Dung Duc $153,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/18/2020 09/18/20 Sold $1,046,000 0.0% $357 / Sq Ft
08/04/2020 08/04/20 Off Market $1,046,000 -- --
08/04/2020 08/04/20 For Sale $999,880 -4.4% $342 / Sq Ft
08/03/2020 08/03/20 Off Market $1,046,000 -- --
08/03/2020 08/03/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $999,880 +15.7% $342 / Sq Ft
06/30/2017 06/30/17 Sold $864,455 -20.0% $295 / Sq Ft View Prior Sale
03/24/2017 03/24/17 Pending -- -- --
01/18/2017 01/18/17 Price Changed $1,080,000 -10.0% $369 / Sq Ft
11/10/2016 11/10/16 For Sale $1,200,000 -- $410 / 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 $15,764 $1,132,221 $792,339 $339,882
2024 $15,764 $1,110,021 $776,803 $333,218
2023 $15,514 $1,088,257 $761,572 $326,685
2022 $14,925 $1,066,920 $746,640 $320,280
2021 $15,302 $1,046,000 $732,000 $314,000
2020 $13,297 $917,412 $367,177 $550,235
2019 $13,284 $899,425 $359,978 $539,447
2018 $12,583 $881,790 $352,920 $528,870
2016 $10,998 $807,000 $565,400 $241,600
2015 $11,035 $807,000 $565,400 $241,600
2014 $10,099 $735,000 $515,000 $220,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Shirley Lam

    IRN REALTY

    (626) 447-5100

    2 in this area

    46 Total Sales

    Shirley Lam
    Section Image

  • H

    Seller's Agent in 2017

    Humberto Martinez

    AMC Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20152870

California Regional Multiple Listing Service (CRMLS)

APN: 8545-014-024

California Los Angeles County El Monte 91732 Norwood Cherrylee

4263 Maxson Rd, El Monte, CA

Not Listed for Sale

MultiFamily

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