NOT LISTED FOR SALE

502 E Cherry Ave Unit B Monrovia, CA 91016

Estimated Value: $1,138,000 - $2,020,000

2 Beds
1 Bath
1,000 Sq Ft
$1,631/Sq Ft Est. Value

Highlights

  • Fireplace in Kitchen
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Mayflower Elementary School Rated A
  • Eat-In Kitchen
  • Living Room

About This Home

As of March 2017

Upstairs unit above carports with 2 bedroom, 1 bathroom. Freshly painted interior and hardwood floors; washer/dryer hook ups; water and trash paid; 2 parking spaces; cable-ready. Storage available on site. Easy access to 210 fwy and only minutes to Santa Anita Mall; Santa Anita racetrack; Pasadena shopping and downtown LA.

Last Agent to Rent the Property

Donna Dance

ROYAL HOMES & LOANS License #01079262 Listed on: 03/01/2017

Last Renter's Agent

Donna Dance

ROYAL HOMES & LOANS License #01079262 Listed on: 03/01/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,786

Year Built

  • Built in 1929

Lot Details

  • 0.31 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment

Interior Spaces

  • 1,000 Sq Ft Home
  • Living Room
  • Laminate Flooring

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Security Deposit $1,750
  • Rent includes trash collection, water
  • 12-Month Minimum Lease Term
  • Available 3/6/17
  • Tax Lot E
  • Tax Tract Number 4311
  • Assessor Parcel Number 8515011011

Community Details

Overview

  • No Home Owners Association

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,786

Year Built

Built in 1929

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2017-03-06
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 1750
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Owner

Listing Details

  • Property Attached: Yes
  • View: No
  • Zoning: MORL*
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 8515011011
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Living Area: 1000.00 Square Feet
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area
  • Fireplace Features: Kitchen
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1.55
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Monrovia Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13540.00

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Rent Includes: Trash Collection, Water

Tax Info

  • Tax Census Tract: 4311.00
  • Tax Lot: E
  • Tax Tract Number: 4311

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2020
Sold by
Karuppaiah Sakthivel and Rajagopal Sathyarathna
Bought by
Karuppaiah Sakthivel and Rajagopal Sathyarathna
Current Estimated Value
$1,588,578

Purchase Details

Closed on
May 22, 2020
Sold by
Wadhwa Satish Manoharial and Wadhwa Shital Satish
Bought by
Wadhwa Satish Manoharial and Wadhwa Shital Satish

Purchase Details

Closed on
Jan 19, 2017
Sold by
Collins Sims Collins Julia Delores and Collins Julia Delores Sims
Bought by
Wadhwa Satish and Wadhiwa Shital

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2008
Sold by
Sims Julia Delores
Bought by
Collins Sims Collins Julia Delores and Collins Julia Delores Sims
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Karuppaiah Sakthivel -- None Available
Karuppaiah Sakthivel -- None Available
Wadhwa Satish Manoharial -- None Available
Wadhwa Satish Manoharlal -- None Available
Wadhwa Satish $1,100,000 Ticor Title
Collins Sims Collins Julia Delores -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wadhwa Satish Manoharlal $745,000
Closed Wadhwa Satish $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2017 03/24/17 Rented $1,550 0.0% --
03/16/2017 03/16/17 Price Changed $1,550 -11.4% $2 / Sq Ft
03/01/2017 03/01/17 For Rent $1,750 -- --
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 $17,786 $1,276,640 $510,655 $765,985
2024 $17,786 $1,251,609 $500,643 $750,966
2023 $17,392 $1,227,069 $490,827 $736,242
2022 $16,901 $1,203,009 $481,203 $721,806
2021 $16,568 $1,179,421 $471,768 $707,653
2020 $16,078 $1,168,508 $466,931 $701,577
2019 $15,802 $1,145,620 $457,776 $687,844
2018 $15,289 $1,123,180 $448,800 $674,380
2016 $4,074 $223,963 $120,827 $103,136
2015 $3,998 $220,600 $119,013 $101,587
2014 $3,988 $216,280 $116,682 $99,598
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17042069

California Regional Multiple Listing Service (CRMLS)

APN: 8515-011-011