NOT LISTED FOR SALE

502 E Cherry Ave Monrovia, CA 91016

Estimated Value: $1,590,000 - $2,061,000

8 Beds
4 Baths
4,229 Sq Ft
$435/Sq Ft Est. Value

Last Sold January 25, 2017

Last sale price $1,100,000 $260 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $11,126/month

60 Days on Market

About This Home

As of January 2017

This home is located at 502 E Cherry Ave, Monrovia, CA 91016 since 15 September 2016 and is currently estimated at $1,840,676, approximately $435 per square foot. This property was built in 1929. 502 E Cherry Ave is a home located in Los Angeles County with nearby schools including Mayflower Elementary School, Santa Fe Computer Science Magnet, and Monrovia High School.

Last Agent to Sell the Property

Joshua Luchs

Kidder Mathews of California, Inc. License #01845545 Listed on: 09/15/2016

Last Buyer's Agent

DONNA DANCE

License #01079262

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 0.31 Acre Lot

Home Design

  • Quadruplex

Interior Spaces

  • 4,229 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Carport

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 8515-011-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 4229
  • Stories: 1
  • Year Built: 1929
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 286.59

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 8

Utilities

  • Cooling: Window Unit(s)
  • Electric Expense: 1222.00
  • Heating: Wall
  • Water Expense: 1200.00

Fee Information

  • Gas Expense: 843.00
  • Insurance Expense: 1950.00
  • Maintenance Expense: 1600.00
  • Trash Expense: 866.00

Lot Info

  • Assessed Improvement Value: 103136
  • Assessed Land Value: 120827
  • Assessor Parcel Number: 8515-011-011
  • Geocode Override: No
  • Lot Size Area: 13540

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.70
  • Number Of Units: 4
  • Rent Control: 0
  • Type Of Units: 4 plex

Tax Info

  • Tax Expense: 15150.00

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
$1,840,676

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

Listed on
Sep 15, 2016
Closed on
Jan 19, 2017
Sold by
Collins Sims Collins Julia Delores and Collins Julia Delores Sims
Bought by
Wadhwa Satish and Wadhiwa Shital
Seller's Agent
Joshua Luchs
Kidder Mathews of California, Inc.
Buyer's Agent
DONNA DANCE
List Price
$1,212,000
Sold Price
$1,100,000
Premium/Discount to List
-$112,000
-9.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.93%
Original Mortgage
$800,000
Outstanding Balance
$660,024
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$1,180,652

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:

--
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

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 $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2017 01/25/17 Sold $1,100,000 -9.2% $260 / Sq Ft
09/15/2016 09/15/16 For Sale $1,212,000 -- $287 / Sq Ft
Source: The MLS

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

  • Joshua Luchs

    Seller's Agent in 2017

    Joshua Luchs

    Kidder Mathews of California, Inc.

    (818) 231-2477

    8 Total Sales

    Joshua Luchs
    Section Image

  • D

    Buyer's Agent in 2017

    DONNA DANCE

See All Agents

Map

Source: The MLS

MLS Number: 16-163816

The MLS

APN: 8515-011-011

California Los Angeles County Monrovia 91016

502 E Cherry Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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