NOT LISTED FOR SALE

521 Pomelo Ave Monterey Park, CA 91755

Estimated Value: $2,076,688 - $2,272,000

15 Beds
9 Baths
4,473 Sq Ft
$486/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $1,860,000 $416 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $13,862/month

31 Days on Market

Highlights

  • 0.41 Acre Lot
  • Monterey Vista Elementary School Rated A-
  • 1-Story Property

About This Home

As of January 2022

Constructed in 1960 on a 17,752 square foot MPR3 lot, 521 Pomelo Avenue is a 5-unit property comprised of three one-story buildings with a total building size of 4,473 square feet. The property is separately metered for gas and electric, is serviced by Individual water heaters, and offers an on-site laundry facility and uncovered parking. 521 Pomelo Avenue is being offered for sale for the first time in almost four decades. 521 Pomelo Avenue boasts an ideal unit mix of one three-bedroom/one-bathroom unit and four three-bedroom/two-bathroom units. Rents are approximately 56% below market; the property is restricted by AB 1482.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 11/22/2021

Co-Listed By

Jenny Eng

CBRE License #01931224

Last Buyer's Agent

CRYSTAL YOUNG

Resound Properties License #01783560

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,327

Year Built

  • Built in 1960

Lot Details

  • 0.41 Acre Lot

Parking

  • Uncovered Parking

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Stucco

Interior Spaces

  • 4,473 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 9 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5259-009-049

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,327

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 4473
  • Lot Acreage: 0.4075
  • Stories: 1
  • Year Built: 1960
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Total Bathrooms: 9.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 385.65

Exterior Features

  • Construction: Frame, Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered

Utilities

  • Cooling: Wall Unit(s)
  • Electric Expense: 600.00
  • Heating: Wall
  • Water Expense: 7250.00

Fee Information

  • Gas Expense: 300.00
  • Insurance Expense: 2013.00
  • Maintenance Expense: 2250.00
  • Management Expense: 4091.00
  • Other Expense: 750.00

Lot Info

  • Assessor Parcel Number: 5259-009-049
  • Lot Size Area: 17752

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 20.54
  • Number Of Units: 5
  • Total Annual Expense: 43315
  • Type Of Units: Multifamily
  • Vacancy Rate: 3

Tax Info

  • Tax Expense: 23886.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2021
Closed on
Jan 6, 2022
Sold by
Martinez Family Trust
Bought by
Pomelo Mp Llc
Seller's Agent
Priscilla Nee
CB Richard Ellis, Inc.
Buyer's Agent
CRYSTAL YOUNG
Resound Properties
List Price
$1,725,000
Sold Price
$1,860,000
Premium/Discount to List
$135,000
7.83%
Current Estimated Value
$2,174,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,344
Avg. Annual Appreciation
3.29%

Purchase Details

Listed on
Nov 22, 2021
Closed on
Dec 15, 2021
Sold by
City Of Monterey Park
Bought by
Martinez Fernando and Martinez Eleanor
Seller's Agent
Priscilla Nee
CB Richard Ellis, Inc.
Buyer's Agent
CRYSTAL YOUNG
Resound Properties
List Price
$1,725,000
Sold Price
$1,860,000
Premium/Discount to List
$135,000
7.83%
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
Pomelo Mp Llc $1,860,000 North American Title
Martinez Fernando -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pomelo Mp Llc $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2022 01/21/22 Sold $1,860,000 +7.8% $416 / Sq Ft
12/23/2021 12/23/21 Pending -- -- --
11/22/2021 11/22/21 For Sale $1,725,000 -- $386 / 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 $27,327 $1,973,846 $1,061,208 $912,638
2024 $27,327 $1,935,144 $1,040,400 $894,744
2023 $26,436 $1,897,200 $1,020,000 $877,200
2022 $3,338 $122,344 $29,081 $93,263
2021 $3,287 $119,946 $28,511 $91,435
2020 $3,267 $118,717 $28,219 $90,498
2019 $3,211 $116,390 $27,666 $88,724
2018 $2,976 $114,109 $27,124 $86,985
2016 $2,789 $109,680 $26,072 $83,608
2015 $2,747 $108,034 $25,681 $82,353
2014 $2,755 $105,918 $25,178 $80,740
Source: Public Records

Agents Affiliated with this Home

  • Priscilla Nee

    Seller's Agent in 2022

    Priscilla Nee

    CB Richard Ellis, Inc.

    (310) 550-2500

    5 in this area

    34 Total Sales

    Priscilla Nee
    Section Image
  • Jenny Eng

    Seller Co-Listing Agent in 2022

    Jenny Eng

    CBRE

    (818) 905-2400

    2 in this area

    17 Total Sales

    Jenny Eng
    Section Image

  • C

    Buyer's Agent in 2022

    CRYSTAL YOUNG

    Resound Properties

    (626) 863-2221

    3 in this area

    27 Total Sales

    CRYSTAL YOUNG
    Section Image
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Map

Source: The MLS

MLS Number: 21-107281

The MLS

APN: 5259-009-049

California Los Angeles County Monterey Park 91755

521 Pomelo Ave, Monterey Park, CA

This home is located at 521 Pomelo Ave, Monterey Park, CA 91755 since 22 November 2021 and is currently estimated at $2,174,344, approximately $486 per square foot. This property was built in 1960. 521 Pomelo Ave is a home located in Los Angeles County with nearby schools including Monterey Vista Elementary School, Garvey (Richard) Intermediate School, and Mark Keppel High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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