D
Seller's Agent in 2018
Dante Underwood
No Firm Affiliation
433 E Graves Ave Monterey Park, CA 91755
Estimated Value: $1,151,000 - $1,440,000
4
Beds
3
Baths
2,718
Sq Ft
$485/Sq Ft
Est. Value
Highlights
- Private Yard
- 3 Car Direct Access Garage
- Laundry Room
- Garvey (Richard) Intermediate School Rated A-
About This Home
As of October 2018The property offers a nice unit mix of 2 bedroom and 1 bedroom units totaling 2,115 square feet on a large MPR3 zoned 11,457 square foot lot. With current zoning, a new owner will have the option to build an additional four units on the site or redevelop the site to provide a total unit count of seven new units by-right (Buyer to verify with the City of Monterey Park).
Currently, the site is served with garage and open parking spaces which allows for plenty of parking for tenants. With open space, an owner can become creative and provide high end common area improvements which would attract higher paying tenants. Furthermore, the current ownership does not provide common area laundry facilities which opens up a potential investor the ability to open another income stream.
Monterey Park is a hillside suburban city in Los Angeles County, California, 7 miles east of Downtown Los Angeles. The city’s motto is “Pride in the past, Faith in the future.” The city boundaries include Los Angeles to the west, Alhambra to the north, Rosemead to the northeast, and Montebello to the south. Conveniently located just below the 10 Freeway, Monterey Park is in the outskirts of the San Gabriel Valley; giving easy access to Los Angeles and other surrounding cities.
Last Agent to Sell the Property
Dante Underwood
No Firm Affiliation License #01841690 Listed on: 09/12/2018
Last Buyer's Agent
Dante Underwood
No Firm Affiliation License #01841690 Listed on: 09/12/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,880
Year Built
- Built in 1953
Lot Details
- 0.26 Acre Lot
- 1 Common Wall
- Private Yard
- Density is 2-5 Units/Acre
Parking
- 3 Car Direct Access Garage
- 3 Open Parking Spaces
- Parking Available
- Driveway
Home Design
- Property Attached
Interior Spaces
- 2,718 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 786
- Assessor Parcel Number 5259005050
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $13,188
- Gross Income $45,396
- Net Operating Income $32,208
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 12, 2018
Closed on
Sep 21, 2018
Sold by
Yu Luis Joe Jian Liang
Bought by
Lucky Forever Investment Llc
Seller's Agent
Dante Underwood
No Firm Affiliation
Buyer's Agent
Dante Underwood
No Firm Affiliation
List Price
$1,000,000
Sold Price
$900,000
Premium/Discount to List
-$100,000
-10%
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
$418,582
Avg. Annual Appreciation
5.61%
Purchase Details
Closed on
May 7, 2015
Sold by
Liang Yu Luis Joe Jian
Bought by
Liang Yu Luis Joe Jian
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
3.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 11, 2014
Sold by
Yu Ru Huan
Bought by
Yu Luis Joe Jian Liang
Purchase Details
Closed on
Feb 1, 2008
Sold by
Yu Luis Joe Jian Liang
Bought by
Yu Ru Huan
Purchase Details
Closed on
Aug 14, 2007
Sold by
East West Connection Llc
Bought by
Yu Luis Joe Jian Liang
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,500
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 8, 2005
Sold by
Kuo Shu Ying and Lee See Ying
Bought by
East West Connection Llc
Purchase Details
Closed on
Jul 29, 2005
Sold by
Ng Michael
Bought by
Kuo Shu Ying
Purchase Details
Closed on
Apr 20, 2005
Sold by
Cano Yolanda G and Cano Michael Anthony
Bought by
Ng Michael and Lee See Ying
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 16, 2004
Sold by
Cano Yolanda G and The Frank J & Yolanda G Cano F
Bought by
Cano Yolanda G and Cano Michael Anthony
Purchase Details
Closed on
Aug 13, 2002
Sold by
Cano Frank J and Cano Yolanda G
Bought by
Cano Frank J and Cano Yolanda G
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lucky Forever Investment Llc | $900,000 | Ticor Title | |
| Liang Yu Luis Joe Jian | -- | Chicago Title Company | |
| Liang Yu Luis Joe Jian | -- | Chicago Title Company | |
| Yu Luis Joe Jian Liang | -- | None Available | |
| Yu Ru Huan | -- | None Available | |
| Yu Luis Joe Jian Liang | $695,000 | Southland Title Company | |
| East West Connection Llc | -- | -- | |
| Kuo Shu Ying | -- | -- | |
| Ng Michael | $646,000 | Diversified Title | |
| Chiu Wen Hua | -- | Diversified Title | |
| Lee See Ying | -- | Diversified Title | |
| Cano Yolanda G | -- | -- | |
| Cano Frank J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Liang Yu Luis Joe Jian | $445,000 | |
| Previous Owner | Yu Luis Joe Jian Liang | $486,500 | |
| Previous Owner | Ng Michael | $484,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/11/2018 10/11/18 | Sold | $900,000 | -10.0% | $331 / Sq Ft |
| 09/18/2018 09/18/18 | Pending | -- | -- | -- |
| 09/12/2018 09/12/18 | For Sale | $1,000,000 | -- | $368 / 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 | $13,880 | $1,003,961 | $557,756 | $446,205 |
| 2024 | $13,880 | $984,276 | $546,820 | $437,456 |
| 2023 | $13,425 | $964,978 | $536,099 | $428,879 |
| 2022 | $12,824 | $946,058 | $525,588 | $420,470 |
| 2021 | $12,767 | $927,509 | $515,283 | $412,226 |
| 2020 | $12,647 | $918,000 | $510,000 | $408,000 |
| 2019 | $12,296 | $900,000 | $500,000 | $400,000 |
| 2018 | $11,235 | $815,435 | $326,385 | $489,050 |
| 2016 | $10,374 | $783,772 | $313,712 | $470,060 |
| 2015 | $9,062 | $681,973 | $463,394 | $218,579 |
| 2014 | -- | $668,615 | $454,317 | $214,298 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR18224545
APN: 5259-005-050
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