NOT LISTED FOR SALE

468 Concourse Ave Montebello, CA 90640

Montebello Area

Estimated Value: $899,000 - $1,177,766

3 Beds
3 Baths
2,371 Sq Ft
$449/Sq Ft Est. Value

Sale Details

Date Sold: September 26, 2018

Last sale price $790,000 $333 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $6,996 / mo

31 Days on Market

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

EDWARD LOPEZ

HOPE REALTY SERVICES GROUP License #01063513 Listed on: 07/10/2018

Last Buyer's Agent

Eddie Flores

HOPE REALTY WHITTIER License #01265185

Property Details

Home Type

  • Multi-Family

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 in unit
  • 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

6,579 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2100.00
  • Zoning: MNR1YY
  • Property Type: Residential Income
  • Parcel Number: 6343012008
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 333.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6579.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 49200.00
  • Net Operating Income: 44700.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 4500.00
  • Rent Control: No
  • Total Actual Rent: 4100.00
  • Total Expenses: 3900.00

Tax Info

  • Tax Census Tract: 5302.04
  • Tax Lot: 148
  • Tax Tract Number: 10161

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2018
Closed on
Aug 16, 2018
Sold by
Bought by
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
$1,064,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,192
Avg. Annual Appreciation
3.90%
Original Mortgage
$592,500
Interest Rate
0.045%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2016
Sold by
Bought by

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
0.0359%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 10, 2014
Sold by
Bought by

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
0.0437%
Mortgage Type
FHA
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$790,000 Stewart Title
-- Stewart Title Of Ca Inc
$400,000 Old Republic Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $104,900
Open $598,400
Closed $592,500
Previous Owner $120,000
Previous Owner $397,000
Previous Owner $392,755
Previous Owner $5,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,971 $881,255 $528,753 $352,502
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

  • E

    Seller's Agent in 2018

    EDWARD LOPEZ

    HOPE REALTY SERVICES GROUP

    (323) 728-1235

    6 Total Sales

    EDWARD LOPEZ
    Section Image

  • E

    Buyer's Agent in 2018

    Eddie Flores

    HOPE REALTY WHITTIER

    (323) 216-6127

    7 Total Sales

    Eddie Flores
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18170444

California Regional Multiple Listing Service (CRMLS)

APN: 6343-012-008

California Los Angeles County Montebello 90640

468 Concourse Ave, Montebello, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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