NOT LISTED FOR SALE

503 Linwood Ave Monrovia, CA 91016

Estimated Value: $981,000 - $1,214,936

4 Beds
2 Baths
1,600 Sq Ft
$674/Sq Ft Est. Value

Last Sold May 27, 2021

Last sale price $850,000 $531 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,720/month

8 Days on Market

Highlights

  • View of Trees or Woods
  • Open Floorplan
  • Traditional Architecture
  • Monrovia High School Rated A
  • Wooded Lot
  • Wood Flooring

About This Home

As of May 2021

This Duplex is located in a Beautiful quiet location, a mixture of single family dwellings in the area and Close to Monrovia Old town for shopping, restaurants and markets. This is single level with 2 units side by side. One unit is totally remodeled with beautiful new kitchen with granite counter tops, appliances and new cabinets, bathrooms and new wood floors, new paint. This is like single family home as each unit has own laundry hook ups as very convenient as it is not a community laundry. New copper water main line in 2020. All new valves and supplies for washing machine, new water heater and faucets. Tied new hot and old lines into existing shower valve. Cold water line re piped and rebuilt the toilet flapper. Cleaned out mainline in 2016. Each unit has 2 br. 1ba, Approx 800 sqft living area in each unit with separate 1 car garage with individual patio areas. Lot size of almost 7,500 sqft. Each unit has Living room, dining room, kitchen, bathroom and spacious bedrooms. Very convenient single level with 1 car garages. Few Wall AC units are in each units. There are large patios and back yard and beautiful front yard area. All Schools are very close by. There are many convenient shops, many restaurants and banks on Huntington Drive. Freeway access is very easy for 210/134/605 freeways from this location. Wonderful opportunity for the investor or live in one and rent the other. No showings until after offer is presented. Do not disturb the occupants!!

Last Agent to Sell the Property

Imy Dulake

Coldwell Banker Realty License #00987845 Listed on: 05/03/2021

Coldwell Banker Realty

Last Buyer's Agent

Imy Dulake

Coldwell Banker Arcadia License #00987845

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,337

Year Built

  • Built in 1952 | Remodeled

Lot Details

  • 7,488 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Sprinklers on Timer
  • Wooded Lot
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Public Parking
  • Front Facing Garage
  • Side by Side Parking
  • Driveway Level
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Property Views

  • Woods
  • Neighborhood

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Entryway
  • Living Room
  • Laundry Room
  • Attic

Kitchen

  • Built-In Range
  • Microwave
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Sewer Paid

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 3
  • Tax Tract Number 17307
  • Assessor Parcel Number 8505011003

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $900
  • Pest Control $400
  • Professional Management Expense $3,600
  • Trash Expense $877
  • Water Sewer Expense $1,280
  • New Taxes Expense $3,070
  • Operating Expense $10,967
  • Gross Income $37,500
  • Net Operating Income $275

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,337

Year Built

Built in 1952 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 3600.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1280.00
  • Zoning: MORH*
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 8505011003
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Interior Amenities: Granite Counters, Open Floorplan, Recessed Lighting, Tile Counters
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 531.25
  • Room Type: All Bedrooms Down, Attic, Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom

Exterior Features

  • Foundation: Raised
  • View: Neighborhood, Trees/Woods
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Driveway, Concrete, Driveway Level, Garage, Garage Faces Front, Off Street, On Site, Parking Space, Private, Public, Side by Side, Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Disposal, Gas Range, Gas Cooktop, Gas Water Heater, Microwave, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Inside
  • Pest Control Expense: 400.00
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 877.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Sprinklers In Front, Sprinklers Timer, Treed Lot, Walkstreet, Yard
  • Lot Size Sq Ft: 7488.00
  • Lot Size Acres: 0.1719

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 37500.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 900.00
  • Lot Size Area: 7488.0000 Square Feet
  • Net Operating Income: 275.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Carpet: 1
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 275.00
  • Rent Control: No
  • Total Actual Rent: 3400.00
  • Total Expenses: 10967.00

Tax Info

  • New Taxes Expense: 3070.00
  • Tax Census Tract: 4310.01
  • Tax Lot: 3
  • Tax Tract Number: 17307

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
May 25, 2021
Sold by
Cappello Albert and Cappello Christine
Bought by
M B Equity Llc
Seller's Agent
Imy Dulake
Coldwell Banker Realty
Buyer's Agent
Imy Dulake
Coldwell Banker Realty
List Price
$758,000
Sold Price
$850,000
Premium/Discount to List
$92,000
12.14%
Current Estimated Value
$1,077,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,984
Avg. Annual Appreciation
5.90%

Purchase Details

Closed on
Dec 28, 2012
Sold by
Cappello Albert M and Cappello Christine A
Bought by
Cappello Albert and Cappello Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2010
Sold by
Cappello Albert M and Cappello Christine A
Bought by
Cappello Albert and Cappello Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2005
Sold by
Cappello Albert
Bought by
Cappello Albert and Cappello Christine

Purchase Details

Closed on
Dec 21, 2004
Sold by
Cappello Christine
Bought by
Cappello Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2004
Sold by
Lopez Martha
Bought by
Cappello Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2003
Sold by
Torelli Giuliana
Bought by
Lopez Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,100
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2002
Sold by
Chambers William and Chambers Lisa A
Bought by
Torelli Giuliana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,300
Interest Rate
6.06%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 12, 2000
Sold by
Trust Younessi Jim And Michele Trs Youne
Bought by
Chambers William and Chambers Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.81%
Source: Public Records

Range of Values:

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Average Value
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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
M B Equity Llc $850,000 Lawyers Title
Cappello Albert -- Pacific Coast Title Company
Cappello Albert M -- Pacific Coast Title Company
Cappello Albert -- Accommodation
Cappello Albert M -- Lsi
Cappello Albert -- --
Cappello Albert -- Ticor Title Company
Cappello Albert $525,000 --
Lopez Martha $419,909 First American Title Co
Torelli Giuliana $287,000 Commonwealth Land Title
Chambers William $225,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cappello Albert M $300,000
Previous Owner Cappello Albert M $357,000
Previous Owner Cappello Albert $393,750
Previous Owner Lopez Martha $341,100
Previous Owner Torelli Giuliana $258,300
Previous Owner Chambers William $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2021 05/27/21 Sold $850,000 +12.1% $531 / Sq Ft
05/17/2021 05/17/21 For Sale $758,000 -10.8% $474 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/10/2021 05/10/21 Off Market $850,000 -- --
05/03/2021 05/03/21 For Sale $758,000 -- $474 / 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 $12,337 $920,065 $487,093 $432,972
2024 $12,337 $902,026 $477,543 $424,483
2023 $12,055 $884,340 $468,180 $416,160
2022 $11,706 $867,000 $459,000 $408,000
2021 $9,281 $676,061 $515,098 $160,963
2020 $9,001 $669,130 $509,817 $159,313
2019 $8,844 $656,011 $499,821 $156,190
2018 $8,615 $643,149 $490,021 $153,128
2016 $8,288 $618,177 $470,994 $147,183
2015 $8,108 $608,893 $463,920 $144,973
2014 $8,029 $596,967 $454,833 $142,134
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21086708

California Regional Multiple Listing Service (CRMLS)

APN: 8505-011-003