NOT LISTED FOR SALE

438 W Olive Ave Monrovia, CA 91016

Estimated Value: $1,076,000 - $1,391,000

6 Beds
3 Baths
2,120 Sq Ft
$570/Sq Ft Est. Value

Last Sold February 27, 2019

Last sale price $870,000 $410 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $7,360/month

27 Days on Market

Highlights

  • Mountain View
  • Corner Lot
  • Laundry Room
  • Monrovia High School Rated A
  • No HOA
  • 1-minute walk to Lucinda Garcia Park

About This Home

As of February 2019

Breaking News!!! Unique Triplex property. An excellent opportunity in a prime location. Located walking distance to down town Monrovia, for shopping and entertainment. This exquisite property offers it's own individual entry, single car garage with additional off street parking. Each unit features laundry area two bedrooms one bath. These units offer a rare opportunity to live in one unit and rent the two. Easy access to the 210 freeway, walking distance to Monrovia high school, Lucinda Garcia park and across from Monroe elementary school.

Unit 440 has been updated with fresh exterior & interior paint. Unit features kitchen, kitchen nook, fenced side yard & plenty of windows to capture natural lighting.

Unit 444 offers chain linked fence, front & side yard for family barbecues, covered porch with majestic views of the San Gabriel mountains.

Unit 438 offers family room, kitchen nook. Exterior will be painted prior to the close of escrow to match unit 440.

Don't MISS THIS FINE OPPORTUNITY
Drive by only. Don't disturb tenants.

Last Agent to Sell the Property

ELENA QUIJANO

BERKSHIRE HATH HM SVCS CA PROP License #01225253 Listed on: 01/14/2019

BERKSHIRE HATH HM SVCS CA PROP

Last Buyer's Agent

ELENA QUIJANO

BERKSHIRE HATH HM SVCS CA PROP License #01225253 Listed on: 01/14/2019

BERKSHIRE HATH HM SVCS CA PROP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,839 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Property Views

  • Mountain
  • Neighborhood

Home Design

  • 2,120 Sq Ft Home
  • Triplex
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Free-Standing Range
  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 8506009001

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $1,200
  • Trash Expense $1,512
  • Water Sewer Expense $3,432
  • New Taxes Expense $10,987
  • Operating Expense $18,571
  • Net Operating Income $37,829

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 3432.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 8506009001
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 410.38
  • Room Type: Kitchen

Exterior Features

  • View: Mountain(s), Neighborhood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1512.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7839.00
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7839.0000 Square Feet
  • Net Operating Income: 37829.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 18571.00
  • Rent Control: No
  • Total Actual Rent: 3100.00
  • Total Expenses: 18571.00

Tax Info

  • New Taxes Expense: 10987.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2019
Sold by
Lascano Alphonso and Viellela Monica Solorzano
Bought by
La Vaca Gorda Llc
Current Estimated Value
$1,207,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$350,326
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$857,059

Purchase Details

Listed on
Jan 14, 2019
Closed on
Feb 22, 2019
Sold by
Williams Cheryl Rae and The Calderwood Living Trust
Bought by
Lascano Alphonso and Viellela Monica Solorzano
Seller's Agent
ELENA QUIJANO
BERKSHIRE HATH HM SVCS CA PROP
Buyer's Agent
ELENA QUIJANO
BERKSHIRE HATH HM SVCS CA PROP
List Price
$879,000
Sold Price
$870,000
Premium/Discount to List
-$9,000
-1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.86%
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
La Vaca Gorda Llc -- Stewart Title Of Ca Inc
Lascano Alphonso $870,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open La Vaca Gorda Llc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2019 02/27/19 Sold $870,000 0.0% $410 / Sq Ft
02/10/2019 02/10/19 Pending -- -- --
01/17/2019 01/17/19 Off Market $870,000 -- --
01/14/2019 01/14/19 For Sale $879,000 -- $415 / 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 $13,310 $970,495 $580,066 $390,429
2024 $13,310 $951,467 $568,693 $382,774
2023 $13,010 $932,812 $557,543 $375,269
2022 $12,639 $914,522 $546,611 $367,911
2021 $12,393 $896,592 $535,894 $360,698
2020 $12,022 $887,400 $530,400 $357,000
2019 $1,631 $46,752 $15,790 $30,962
2018 $1,506 $45,836 $15,481 $30,355
2016 $1,440 $44,058 $14,881 $29,177
2015 $1,418 $43,397 $14,658 $28,739
2014 $1,427 $42,548 $14,371 $28,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19010203

California Regional Multiple Listing Service (CRMLS)

APN: 8506-009-001