NOT LISTED FOR SALE

507 N Mcpherrin Ave Unit C Monterey Park, CA 91754

Estimated Value: $751,791 - $887,000

3 Beds
2.5 Baths
1,561 Sq Ft
0.45 Acres

Last Sold October 21, 2014

Last sale price $479,500 $307 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,802/month

Highlights

  • Primary Bedroom Suite
  • Updated Kitchen
  • End Unit
  • Ynez Elementary School Rated A-
  • 0.45 Acre Lot
  • Quartz Countertops

About This Home

As of May 2024

This home is located at 507 N Mcpherrin Ave Unit C, Monterey Park, CA 91754 since 30 April 2024 and is currently priced at $797,448. This property was built in 1984. 507 N Mcpherrin Ave Unit C is a home located in Los Angeles County with nearby schools including Ynez Elementary School, Mark Keppel High School, and St. Stephen Martyr School.

Last Agent to Rent the Property

Iris Liu

Universal Elite Inc. License #01867698 Listed on: 04/30/2024

Universal Elite Inc.

Last Renter's Agent

Rachel Chen

Partner Real Estate License #02227255

Partner Real Estate

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,434

Year Built

  • Built in 1984

Lot Details

  • No Common Walls
  • End Unit

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,561 Sq Ft Home
  • 2-Story Property
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Updated Kitchen
  • Quartz Countertops
  • Utility Sink

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Schools

  • Yukon Elementary School
  • Mark Keppel High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $4,500
  • Rent includes association dues, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 5/1/24
  • Tax Lot 1
  • Tax Tract Number 40856
  • Assessor Parcel Number 5256012092

Community Details

Overview

  • Property has a Home Owners Association
  • 7 Units

Pet Policy

  • Pet Deposit $500

Condo Details

Home Type

Condominium

Est. Annual Taxes

$7,434

Year Built

Built in 1984

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2024-05-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 4500
  • Furnished: Unfurnished
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • View: No
  • Zoning: MPR2*
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 5256012092
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1561.00 Square Feet
  • Stories: 2
  • Entry Location: Front door
  • Common Walls: End Unit, No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2.15
  • Room Type: All Bedrooms Up, Family Room, Kitchen, Living Room, Primary Suite, Separate Family Room
  • Bathroom Features: Shower In Tub
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen, Utility Sink

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Alhambra
  • Elementary School: Yukon
  • High School: Mark Keppel
  • Elementary School: Yukon
  • High School: Mark Keppel
  • Elementary School #2: YUKON
  • High School2: MARKEP

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 19769.00
  • Lot Size Acres: 0.4538

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 19769.0000 Square Feet
  • Number Of Units In Community: 7
  • Number Of Units Total: 7
  • Rent Includes: Association Dues, Trash Collection, Water

Tax Info

  • Tax Census Tract: 4817.13
  • Tax Lot: 1
  • Tax Tract Number: 40856

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2014
Closed on
Sep 16, 2014
Sold by
Lam Yiu Pang
Bought by
Wang Shan Peng and Li Mei Jin
Seller's Agent
Catherine Tran
CYT Realty
List Price
$468,000
Sold Price
$479,500
Premium/Discount to List
$11,500
2.46%
Current Estimated Value
$797,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,948
Avg. Annual Appreciation
4.72%
Original Mortgage
$250,000
Outstanding Balance
$190,396
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$607,052

Purchase Details

Closed on
Sep 20, 2011
Sold by
Lam Yiu Pang
Bought by
Lam Yiu Pang and Lam Adelyne Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2005
Sold by
Sze Victor S
Bought by
Lam Yiu Pang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,000
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 8, 2001
Sold by
Sze Lin Lan
Bought by
Sze Victor S and Hsu Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
6.62%

Purchase Details

Closed on
Jun 19, 1997
Sold by
Sze Lin Lan
Bought by
Sze Lin Lan and Sze Victor S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.95%

Purchase Details

Closed on
Jun 10, 1997
Sold by
Sze Lin Lan
Bought by
Sze Lin Lan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.95%
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
Wang Shan Peng $479,500 Priority Title Company
Lam Yiu Pang -- Equity Title Company
Lam Yiu Pang $441,000 Ticor Title Co
Sze Victor S -- First American Title Ins Co
Sze Lin Lan -- Gateway Title
Sze Lin Lan -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Shan Peng $250,000
Previous Owner Lam Yiu Pang $308,000
Previous Owner Lam Yiu Pang $341,000
Previous Owner Sze Victor S $32,000
Previous Owner Sze Lin Lan $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2024 05/23/24 Rented $3,350 0.0% --
05/19/2024 05/19/24 Under Contract -- -- --
05/18/2024 05/18/24 Off Market $3,350 -- --
04/30/2024 04/30/24 For Rent $3,350 +34.0% --
10/20/2018 10/20/18 Rented $2,500 0.0% --
10/20/2018 10/20/18 Under Contract -- -- --
10/10/2018 10/10/18 For Rent $2,500 0.0% --
10/21/2014 10/21/14 Sold $479,500 +2.5% $307 / Sq Ft View Prior Sale
10/08/2014 10/08/14 Pending -- -- --
09/02/2014 09/02/14 For Sale $468,000 -- $300 / 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 $7,434 $576,278 $353,701 $222,577
2024 $7,434 $564,979 $346,766 $218,213
2023 $7,282 $553,902 $339,967 $213,935
2022 $6,935 $543,042 $333,301 $209,741
2021 $6,849 $532,395 $326,766 $205,629
2020 $6,809 $526,937 $323,416 $203,521
2019 $6,603 $516,606 $317,075 $199,531
2018 $6,616 $506,477 $310,858 $195,619
2016 $6,109 $486,812 $298,788 $188,024
2015 $6,014 $479,500 $294,300 $185,200
2014 $5,587 $442,000 $297,000 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR24084785

California Regional Multiple Listing Service (CRMLS)

APN: 5256-012-092