Seller's Agent in 2023
Lan 'Gloria' Xiao
RE/MAX
(626) 589-3179
12 in this area
112 Total Sales
500 E Hellman Ave Monterey Park, CA 91755
Estimated Value: $982,000 - $1,081,000
3
Beds
3
Baths
1,380
Sq Ft
$743/Sq Ft
Est. Value
Highlights
- Fireplace in Primary Bedroom
- Corner Lot
- No HOA
- Garvey (Richard) Intermediate School Rated A-
- Quartz Countertops
- Double Pane Windows
About This Home
As of May 2023Wow,a wonderful triplex in the center of Monterrey Park! First time on the market in around 30 years! MPR3 zoning.
Excellent opportunity for an investor and/or as an owner with income from units. Prime location, top rated Mark Keppel High School is just across the street, with all the conveniences to school, freeway, public transportation, and markets, and many of finest restaurants.
An arch shaped flower stand inviting you home in the front yard. There are three units with a considerable lot of 6,218 SqFt. Each of 3 units have their own separate entrance, Living Room, Bedroom, Bathroom, Kitchen and garage. Currently, two units are tenants occupied, one unit rent for $1,500 which is moving out by June, another unit rent for $1,350, both on month to month lease, another unit is easy to rent out for $1,600 or $1,700. Two units will delivered vacant.
The property features dual pane windows, laminate flooring, quartz countertops, stainless appliances, and more parking space on the corner street. The property features lots of storage spaces, and all rooms are well-lit, wall-unit A/C, and a laminate floor throughout. There are separate gas and electricity meters, washer/dryer hooks.
Spacious backyard features many fruit trees, guava, orange, and lemon, a perfect relaxing area or BBQ to entertain family and friends.
Easy access to the I- 10 and 710 freeways, enjoy the dynamic of DTLA, Monterey Park, Alhambra, and the best gourmet foods to your choices. Minutes drive to AMC theater at Atlantic Square, close to Granada Park, 99 Ranch Market, etc.
Take your chance to make this spectacular Monterey Park property your new home or investment to collect rent ! It won’t last
Last Agent to Sell the Property
RE/MAX ELITE REALTY License #01937896 Listed on: 04/13/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 6,218 Sq Ft Lot
- No Common Walls
- Brick Fence
- Wire Fence
- Corner Lot
Parking
- 3 Car Garage
- Parking Available
Home Design
- Triplex
- Entry on the 1st floor
- Raised Foundation
- Shingle Roof
Interior Spaces
- 1,380 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Living Room
- Dining Room with Fireplace
- Laminate Flooring
Kitchen
- Gas Range
- Quartz Countertops
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Primary Bedroom
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
- Wall Furnace
Listing and Financial Details
- Tenant pays for all utilities, electricity, gas
- Tax Lot 13
- Tax Tract Number 2399
- Assessor Parcel Number 5258009052
- $663 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $825
- Insurance Expense $946
- Maintenance Expense $1,080
- Trash Expense $1,000
- Water Sewer Expense $1,277
- New Taxes Expense $10,937
- Operating Expense $5,337
- Gross Income $61,200
- Net Operating Income $54,769
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 27, 2003
Sold by
Matravers Rose
Bought by
Matravers Rose Y and Matravers Living Trust
Current Estimated Value
Purchase Details
Closed on
Aug 28, 1995
Sold by
Matravers Rose Y and Matravers Rose
Bought by
Matravers Rose Y and The Matravers Living Trust
Purchase Details
Closed on
Oct 3, 1994
Sold by
Wu Gershom and Hui Hannah
Bought by
Matravers Rose
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Matravers Rose Y | -- | -- | |
| Matravers Rose Y | -- | -- | |
| Matravers Rose | $188,000 | Commonwealth Land Title Co |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/31/2023 05/31/23 | Sold | $910,000 | +4.0% | $659 / Sq Ft |
| 04/24/2023 04/24/23 | Pending | -- | -- | -- |
| 04/13/2023 04/13/23 | For Sale | $875,000 | -- | $634 / 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 | $12,915 | $946,764 | $572,220 | $374,544 |
| 2024 | $12,915 | $928,200 | $561,000 | $367,200 |
| 2023 | $4,613 | $303,494 | $161,434 | $142,060 |
| 2022 | $4,417 | $297,544 | $158,269 | $139,275 |
| 2021 | $4,388 | $291,711 | $155,166 | $136,545 |
| 2019 | $4,234 | $283,060 | $150,564 | $132,496 |
| 2018 | $4,170 | $277,511 | $147,612 | $129,899 |
| 2016 | $3,907 | $266,736 | $141,881 | $124,855 |
| 2015 | $3,832 | $262,730 | $139,750 | $122,980 |
| 2014 | $3,797 | $257,584 | $137,013 | $120,571 |
Source: Public Records
Agents Affiliated with this Home
-
Lan 'Gloria' Xiao
-
Jenny Wu
Buyer's Agent in 2023
Jenny Wu
IDEAL REALTY
(800) 763-8888
1 in this area
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS23058526
APN: 5258-009-052
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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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