NOT LISTED FOR SALE

428 N 7th St Montebello, CA 90640

Estimated Value: $1,393,000 - $1,428,000

6 Beds
4 Baths
2,934 Sq Ft
$481/Sq Ft Est. Value

Last Sold July 11, 2012

Last sale price $568,000 $194 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $8,317/month

50 Days on Market

About This Home

As of July 2012

Desirable rental 4 unit property in the city of Montebello centrally located near transportation, major highways and shopping center. Previously occupied by tenants in each unit. This is a great income property for an owner who wants to rent 3 units or an investor renting all 4.. This is a Fannie Mae property, Purchase this property for as little as 3% down! This property is approved for HomePath Renovation Mortgage loan.

Last Agent to Sell the Property

Michael Gibson

Vantus California Realty, Inc. License #01875445 Listed on: 05/16/2012

Last Buyer's Agent

Mona Cohen

Coldwell Banker Realty License #01363251

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,765

Parking

  • 6 Car Direct Access Garage

Home Design

  • 2,934 Sq Ft Home

Additional Features

  • 6,765 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 6346-001-040

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

6,765 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2934
  • Year Built: 1956
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per S Q F T: 201.06

Exterior Features

  • Pool: No

Garage/Parking

  • Parking Garage: Direct Entrance
  • Total Parking: 6

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 256310
  • Assessed Land Value: 461360
  • Assessor Parcel Number: 6346-001-040
  • Lot Size Area: 6765

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Type Of Units: Income

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2013
Sold by
Khadavi Alex
Bought by
7Th St Montebello Llc
Current Estimated Value
$1,411,249

Purchase Details

Closed on
Dec 17, 2012
Sold by
7Th St Montebello Llc
Bought by
Khadavi Alex

Purchase Details

Closed on
Oct 1, 2012
Sold by
Khadavi Alex
Bought by
7Th St Montebello Llc

Purchase Details

Listed on
May 16, 2012
Closed on
Jul 9, 2012
Sold by
Federal National Mortgage Association
Bought by
Khadavi Alex
Seller's Agent
Michael Gibson
Vantus California Realty, Inc.
Buyer's Agent
Mona Cohen
Coldwell Banker Realty
List Price
$589,900
Sold Price
$568,000
Premium/Discount to List
-$21,900
-3.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%

Purchase Details

Closed on
Dec 30, 2010
Sold by
Enriquez Phillip and Enriquez Norma
Bought by
Federal National Mortgage Association and Fannie Mae

Purchase Details

Closed on
Dec 17, 2007
Sold by
Savin Michael David and Edwin Savin Family Trust
Bought by
Enriquez Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2006
Sold by
Savin Edwin
Bought by
Savin Edwin and The Edwin Savin Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
7Th St Montebello Llc -- Accommodation
Khadavi Alex -- Chicago Title
7Th St Montebello Llc $568,000 Chicago Title
Khadavi Alex $568,000 Servicelink
Federal National Mortgage Association $577,949 Accommodation
Enriquez Phillip $700,000 Stewart Title Of California
Savin Edwin -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Enriquez Phillip $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2012 07/11/12 Sold $568,000 -3.7% $194 / Sq Ft
07/05/2012 07/05/12 Pending -- -- --
05/16/2012 05/16/12 For Sale $589,900 -- $201 / Sq Ft
Source: The MLS

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 $11,686 $696,279 $306,461 $389,818
2024 $11,686 $682,627 $300,452 $382,175
2023 $11,614 $669,243 $294,561 $374,682
2022 $11,227 $656,122 $288,786 $367,336
2021 $10,796 $643,258 $283,124 $360,134
2019 $10,250 $624,180 $274,727 $349,453
2018 $10,345 $611,942 $269,341 $342,601
2016 $9,934 $588,182 $258,883 $329,299
2015 $9,452 $579,348 $254,995 $324,353
2014 $9,347 $568,000 $250,000 $318,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 12-600819

The MLS

APN: 6346-001-040

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