468 Concourse Ave Montebello, CA 90640
Estimated Value: $1,051,000 - $1,137,651
3
Beds
3
Baths
2,371
Sq Ft
$458/Sq Ft
Est. Value
Highlights
- Corner Lot
- No HOA
- Laundry Room
About This Home
As of September 2018**EXCELLENT INVESTMENT OPPORTUNITY IN NORTH MONTEBELLO w/ NO RENT CONTROL * Well Maintained quadplex on corner lot, one block south of Beverly Blvd, near Garfield. This complex situated in residential area among private SFR homes and within walking distance to stores and restaurants. Complex has four (4) units with separate electric and gas meters, all units have laundry hook-up. New water heaters in all (4) units last year. New electric power panels installed 2 years ago for all units, all kitchens and baths have been remodeled in past few years, 3 units upgraded to dual pane windows, 2 units have custom plantation window shutters, New exterior stucco (1 year old). Majority of plumbing upgraded to copper. Insulation in all attics. Roof 10 years old. Three garages (single car).
Last Agent to Sell the Property
HOPE REALTY SERVICES GROUP License #01063513 Listed on: 07/10/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,075
Year Built
- Built in 1949
Lot Details
- 6,579 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Parking
- 3 Open Parking Spaces
- 3 Car Garage
- Parking Available
- Assigned Parking
Home Design
- 2,371 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Additional Features
- Laundry Room
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 148
- Tax Tract Number 10161
- Assessor Parcel Number 6343012008
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Trash Expense $1,800
- Water Sewer Expense $2,100
- Operating Expense $3,900
- Net Operating Income $44,700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 10, 2018
Closed on
Aug 16, 2018
Sold by
Paez David R and Paez Robert J
Bought by
Flores George
Seller's Agent
EDWARD LOPEZ
HOPE REALTY SERVICES GROUP
Buyer's Agent
Eddie Flores
HOPE REALTY WHITTIER
List Price
$795,000
Sold Price
$790,000
Premium/Discount to List
-$5,000
-0.63%
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
$295,413
Original Mortgage
$592,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 24, 2016
Sold by
Paez David R and Paez Robert J
Bought by
Paez David R and Paez Robert J
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
3.59%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Nov 10, 2014
Sold by
Neira Elizabeth and Bruckstein Mary
Bought by
Paez David R and Paez Robert J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
4.37%
Mortgage Type
FHA
Similar Homes in the area
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 |
|---|---|---|---|
| Flores George | $790,000 | Stewart Title | |
| Paez David R | -- | Stewart Title Of Ca Inc | |
| Paez David R | $400,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Flores George | $104,900 | |
| Open | Flores George | $598,400 | |
| Closed | Flores George | $592,500 | |
| Previous Owner | Paez David R | $120,000 | |
| Previous Owner | Paez David R | $397,000 | |
| Previous Owner | Paez David R | $392,755 | |
| Previous Owner | Bruckstein Mary M | $5,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/26/2018 09/26/18 | Sold | $790,000 | -0.6% | $333 / Sq Ft |
| 08/11/2018 08/11/18 | For Sale | $795,000 | +0.6% | $335 / Sq Ft |
| 08/10/2018 08/10/18 | Pending | -- | -- | -- |
| 08/08/2018 08/08/18 | Off Market | $790,000 | -- | -- |
| 07/10/2018 07/10/18 | For Sale | $795,000 | -- | $335 / 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 |
|---|---|---|---|---|
| 2024 | $14,075 | $863,977 | $518,386 | $345,591 |
| 2023 | $14,003 | $847,037 | $508,222 | $338,815 |
| 2022 | $13,533 | $830,429 | $498,257 | $332,172 |
| 2021 | $13,028 | $814,147 | $488,488 | $325,659 |
| 2020 | $12,748 | $805,800 | $483,480 | $322,320 |
| 2019 | $12,393 | $790,000 | $474,000 | $316,000 |
| 2018 | $7,685 | $422,503 | $264,065 | $158,438 |
| 2017 | $7,539 | $414,220 | $258,888 | $155,332 |
| 2016 | $7,389 | $406,099 | $253,812 | $152,287 |
| 2015 | $7,052 | $400,000 | $250,000 | $150,000 |
| 2014 | $3,433 | $131,889 | $56,523 | $75,366 |
Source: Public Records
Agents Affiliated with this Home
-
EDWARD LOPEZ
E
Seller's Agent in 2018
EDWARD LOPEZ
HOPE REALTY SERVICES GROUP
(323) 728-1235
6 Total Sales
-
Eddie Flores
E
Buyer's Agent in 2018
Eddie Flores
HOPE REALTY WHITTIER
(323) 216-6127
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS18170444
APN: 6343-012-008
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