NOT LISTED FOR SALE

501 N Ynez Ave Monterey Park, CA 91754

Estimated Value: $1,345,218 - $1,589,000

6 Beds
3 Baths
2,574 Sq Ft
$556/Sq Ft Est. Value

Last Sold September 25, 2022

Last sale price $1,200,000 $466 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $8,954/month

66 Days on Market

Highlights

  • Neighborhood Views
  • Laundry Room
  • Front Yard
  • Ynez Elementary School Rated A-
  • Chain Link Fence
  • Northeast Facing Home

About This Home

As of September 2022

Desireable location to live in one, or to invest in this triplex. Close to all that down town LA offers, employment, colleges, fwys, in a quiet neighborhood. Three separate units, with long term occupants. Lots of potential to increase rents, or build up.
Each unit has laundry room. Owners storage room in back has a bathroom, also can be a ADU also. Very good floor plans, laminate, carpet flooring. Tiled showers, bathroom flooring. All with attached garages, last one has a carport also. Agents see private remarks .

Last Agent to Sell the Property

Lupita Guerrero

GOODLIN REAL ESTATE License #00942640 Listed on: 07/02/2022

Last Buyer's Agent

VINCENT NGAI

IRN REALTY License #02008875

IRN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,385

Year Built

  • Built in 1953

Lot Details

  • 10,104 Sq Ft Lot
  • Property fronts a county road
  • No Common Walls
  • Northeast Facing Home
  • Chain Link Fence
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • 1 Carport Space

Home Design

  • Triplex
  • Ranch Style House
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,574 Sq Ft Home
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 220
  • Tax Tract Number 4817
  • Assessor Parcel Number 5256010005
  • $865 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Maintenance Expense $800
  • Other Expense $1,779
  • Trash Expense $556
  • Water Sewer Expense $2,484
  • Operating Expense $6,519
  • Net Operating Income $50,961

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,385

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 416667
  • Property Attached: No
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 2484.00
  • Zoning: MPR3*
  • Architectural Style: Ranch
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 5256010005
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 466.20

Exterior Features

  • Direction Faces: Northeast
  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 556.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 10104.00
  • Lot Size Acres: 0.2320

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 1000 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Average3 Bed Area: 774 Square Feet
  • Gross Scheduled Income: 57480.00
  • Lot Size Area: 10104.0000 Square Feet
  • Maintenance Expense: 800.00
  • Net Operating Income: 50961.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 2
  • Operating Expense: 6519.00
  • Other Expense: 1779.00
  • Other Expense Description: Tax Prop
  • Rent Control: No
  • Total Actual Rent: 4790.00
  • Total Expenses: 6519.00

Tax Info

  • Tax Census Tract: 4817.13
  • Tax Lot: 220
  • Tax Tract Number: 4817
  • TaxOtherAnnualAssessmentAmount: 865.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2018
Sold by
Navarro Ignacio R and The Ignacio R And Maria E Nava
Bought by
Navarro Ignacio R and The Ignacio R And Maria E Nava
Current Estimated Value
$1,431,305

Purchase Details

Closed on
May 17, 2015
Sold by
Navarro Ignacio and Navarro Esther V
Bought by
The Ignacio R & Maria E Navarro Family L
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Navarro Ignacio R -- None Available
The Ignacio R & Maria E Navarro Family L -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2022 09/25/22 Sold $1,200,000 -4.0% $466 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
08/31/2022 08/31/22 Price Changed $1,250,000 -7.4% $486 / Sq Ft
07/20/2022 07/20/22 Price Changed $1,350,000 -10.0% $524 / Sq Ft
07/02/2022 07/02/22 For Sale $1,500,000 -- $583 / 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 $16,385 $1,248,480 $1,040,400 $208,080
2024 $16,385 $1,224,000 $1,020,000 $204,000
2023 $16,058 $1,200,000 $1,000,000 $200,000
2022 $1,817 $75,478 $24,454 $51,024
2021 $1,780 $73,999 $23,975 $50,024
2020 $1,772 $73,242 $23,730 $49,512
2019 $1,736 $71,807 $23,265 $48,542
2018 $1,551 $70,400 $22,809 $47,591
2017 $1,606 $69,020 $22,362 $46,658
2016 $1,503 $67,668 $21,924 $45,744
2015 $1,481 $66,652 $21,595 $45,057
2014 $1,485 $65,347 $21,172 $44,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22145082

California Regional Multiple Listing Service (CRMLS)

APN: 5256-010-005