NOT LISTED FOR SALE

511 E Lemon Ave Monrovia, CA 91016

Estimated Value: $1,115,000 - $1,240,000

4 Beds
2 Baths
2,072 Sq Ft
$575/Sq Ft Est. Value

Last Sold December 07, 2012

Last sale price $480,000 $232 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $6,784/month

117 Days on Market

Highlights

  • Fireplace in Bathroom
  • Cooling System Mounted To A Wall/Window
  • 3-minute walk to Rotary Park
  • Clifton Middle School Rated A-
  • Central Heating

About This Home

As of December 2012

Two Homes on a lot. Beautiful tree lined street. Great investment opportunity or live in one rent the other just a few blocks away from Old Town Monrovia. Front unit has 2 Bedroom and 1 Bath the Rear unit has 2 Bedroom and 1 Bath.

Last Agent to Sell the Property

Mike Nijjar

MZ BROKERAGE INC. License #00578160 Listed on: 06/30/2012

Last Buyer's Agent

Johnny Chang

CAL BEST REALTY License #00853937

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 7,992 Sq Ft Lot

Home Design

  • 2,072 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 8517007011

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $732
  • Trash Expense $710
  • Water Sewer Expense $1,051
  • New Taxes Expense $6,100
  • Gross Income $2,950
  • Net Operating Income $23,852

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Water Sewer Expenses: 1051.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 8517007011
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Features: Bath
  • Levels: One
  • Price Per Square Foot: 231.66

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Trash Expense: 710.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7992.00
  • Lot Size Acres: 0.1830

Multi Family

  • Gross Income: 2950.00
  • Gross Scheduled Income: 35400.00
  • Insurance Expense: 732.00
  • Lot Size Area: 7992.0000 Square Feet
  • Net Operating Income: 23852.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11548.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6100.00
  • Tax Lot: 10
  • Tax Tract Number: BLK G
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2012
Closed on
Dec 3, 2012
Sold by
Kler Baldev S and Kler Daljit K
Bought by
Siu Piu Chi and Phou Annie
Seller's Agent
Mike Nijjar
MZ BROKERAGE INC.
Buyer's Agent
Johnny Chang
CAL BEST REALTY
List Price
$495,000
Sold Price
$480,000
Premium/Discount to List
-$15,000
-3.03%
Current Estimated Value
$1,138,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$658,978
Avg. Annual Appreciation
7.21%
Original Mortgage
$250,000
Outstanding Balance
$171,889
Interest Rate
3.36%
Mortgage Type
New Conventional
Estimated Equity
$1,019,309
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
Siu Piu Chi $480,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Siu Piu Chi $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2012 12/07/12 Sold $480,000 -3.0% $232 / Sq Ft
10/25/2012 10/25/12 Pending -- -- --
06/30/2012 06/30/12 For Sale $495,000 -- $239 / 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 $9,793 $696,349 $400,208 $296,141
2024 $9,568 $682,696 $392,361 $290,335
2023 $8,059 $568,122 $384,668 $183,454
2022 $7,830 $556,983 $377,126 $179,857
2021 $7,674 $546,063 $369,732 $176,331
2020 $7,447 $540,764 $365,941 $174,823
2019 $7,319 $530,167 $358,766 $171,401
2018 $7,116 $519,779 $351,732 $168,047
2016 $6,839 $499,309 $338,075 $161,234
2015 $6,692 $491,810 $332,997 $158,813
2014 $6,630 $482,178 $326,475 $155,703
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Mike Nijjar

    MZ BROKERAGE INC.

    (626) 575-0062

    1 Total Sale

    Mike Nijjar
    Section Image

  • J

    Buyer's Agent in 2012

    Johnny Chang

    CAL BEST REALTY

    (626) 652-8008

    1 Total Sale

    Johnny Chang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C12081886

California Regional Multiple Listing Service (CRMLS)

APN: 8517-007-011

California Los Angeles County Monrovia 91016

511 E Lemon Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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