$921,375
SOLD APR 27, 2022 RENTED OCT 30, 2024

440 S Lincoln Place Monrovia, CA 91016

4 Beds
2 Baths
1,716 Sq Ft
6,095 Sq Ft Lot

Recently Sold

$537 Per Sq Ft

1% Below List Price

33 Days on Market

Highlights

  • Mountain View
  • Traditional Architecture
  • No HOA
  • Plymouth Elementary School Rated A-
  • Private Yard
  • Cul-De-Sac

About This Home

As of April 2022

Desirable duplex on quiet cul de sac. Addresses are 438 and 440. Each unit consists of 2 bedrooms and I bath. Generous sized fenced back yard 2 car garage shared by both units .Each unit of equal size. Fantastic income property walking distance to Old Town, theatre, shopping, restaurants, park and Gold Line

Last Agent to Sell the Property

Cathy Crockett

Compass License #00597561 Listed on: 02/10/2022

Compass

Last Buyer's Agent

Julie Bencosme

Century 21 Village Realty License #01305364

Century 21 Village Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,033

Year Built

  • Built in 1951

Lot Details

  • 6,095 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Landscaped
  • Private Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 1,716 Sq Ft Home
  • Carpet
  • Mountain Views

Kitchen

  • Gas Oven
  • Free-Standing Range
  • Tile Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Natural Gas Connected
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 16919
  • Assessor Parcel Number 8505031003

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $617
  • Trash Expense $419
  • Water Sewer Expense $1,666
  • New Taxes Expense $6,462
  • Operating Expense $10,152
  • Gross Income $44,525
  • Net Operating Income $34,373

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,033

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Price Per Unit: 484500
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1666.00
  • Zoning: MORH*
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 8505031003
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 536.93

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Oven, Water Heater
  • Heating Type: Floor Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 419.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Landscaped, Yard
  • Lot Size Sq Ft: 6095.00
  • Lot Size Acres: 0.1399

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 44525.00
  • Gross Scheduled Income: 44525.00
  • Insurance Expense: 617.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6095.0000 Square Feet
  • Net Operating Income: 34373.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 10152.00
  • Rent Control: No
  • Total Expenses: 10152.00

Tax Info

  • New Taxes Expense: 6462.00
  • Tax Census Tract: 4310.01
  • Tax Lot: 9
  • Tax Tract Number: 16919

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2022
Closed on
Mar 21, 2022
Sold by
Der Karapetian Family Trust
Bought by
Hossein Rahmanian And Mahvash Rahmanian Livin
Seller's Agent
Cathy Crockett
Compass
Buyer's Agent
Julie Bencosme
Century 21 Village Realty
List Price
$929,000
Sold Price
$921,375
Premium/Discount to List
-$7,625
-0.82%
Current Estimated Value
$1,058,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,144
Avg. Annual Appreciation
4.36%

Purchase Details

Closed on
Sep 20, 2013
Sold by
Der Karapetian Roubik
Bought by
Der Karapetian Roubik and Der Karapetian Marina

Purchase Details

Closed on
Jan 25, 2013
Sold by
Gonzalez Daniel F
Bought by
Karapetian Roubik Der and Karapetian Marina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2012
Sold by
Cacho Guadalupe
Bought by
Gonzalez Daniel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2012
Closed on
Jun 15, 2012
Sold by
U S Bank National Association
Bought by
Gonzalez Daniel F
Seller's Agent
Roubik Karapetian
Sky Real Estate Services, Inc
Buyer's Agent
Marina Paniagua
Sky Real Estate Services, Inc
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%

Purchase Details

Closed on
Aug 1, 2011
Sold by
Harris Arthur L and Thornton Harris Stephanie E
Bought by
U S Bank National Association

Purchase Details

Closed on
Sep 15, 2004
Sold by
Malak Hany and Malak Amy Seidel
Bought by
Harris Arthur L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 4, 2003
Sold by
Glenn Barbara J
Bought by
Glenn Donald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.84%

Purchase Details

Closed on
Apr 3, 2003
Sold by
Springer Raymond B
Bought by
Springer Shirley Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.84%

Purchase Details

Closed on
Mar 21, 2003
Sold by
Glenn Donald R and Springer Shirley Ann
Bought by
Malak Hany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.84%

Purchase Details

Closed on
Aug 8, 2002
Sold by
Glenn Donald R and The Vivian M Glenn 1990 Revoca
Bought by
Glenn Donald R
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $921,500 Lawyers Title
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed $400,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Grant Deed $400,004 Lsi Title Company
Trustee Deed $430,000 None Available
Grant Deed $489,000 Equity Title Company
Interfamily Deed Transfer -- Lawyers Title
Interfamily Deed Transfer -- Lawyers Title
Grant Deed $325,000 Landamerica Lawyers Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 New Conventional
Previous Owner $300,000 New Conventional
Previous Owner $441,000 Negative Amortization
Previous Owner $325,000 Purchase Money Mortgage
Previous Owner $264,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2024 10/30/24 Rented $2,400 0.0% --
10/28/2024 10/28/24 Off Market $2,400 -- --
10/08/2024 10/08/24 Price Changed $2,400 -4.0% $3 / Sq Ft
08/26/2024 08/26/24 For Rent $2,500 0.0% --
04/27/2022 04/27/22 Sold $921,375 -4.9% $537 / Sq Ft
02/12/2022 02/12/22 Price Changed $969,000 +4.3% $565 / Sq Ft
02/10/2022 02/10/22 For Sale $929,000 +132.3% $541 / Sq Ft
07/02/2012 07/02/12 Sold $400,000 0.0% $233 / Sq Ft
05/30/2012 05/30/12 Pending -- -- --
05/17/2012 05/17/12 For Sale $400,000 -- $233 / 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 $13,033 $977,371 $732,233 $245,138
2024 $13,033 $958,208 $717,876 $240,332
2023 $12,734 $939,420 $703,800 $235,620
2022 $6,593 $464,154 $348,117 $116,037
2021 $6,462 $455,054 $341,292 $113,762
2019 $6,165 $441,559 $331,170 $110,389
2018 $6,009 $432,902 $324,677 $108,225
2016 $5,777 $416,093 $312,070 $104,023
2015 $5,653 $409,844 $307,383 $102,461
2014 $5,603 $401,816 $301,362 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22025529

California Regional Multiple Listing Service (CRMLS)

APN: 8505-031-003