NOT LISTED FOR SALE

524 W Lemon Ave Monrovia, CA 91016

Estimated Value: $1,108,000 - $1,312,000

6 Beds
2 Baths
1,944 Sq Ft
$628/Sq Ft Est. Value

Last Sold November 09, 2022

Last sale price $1,089,800 $561 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,851/month

56 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Granite Countertops
  • Two Homes on a Lot
  • Monrovia High School Rated A
  • No HOA
  • 4-minute walk to Lucinda Garcia Park

About This Home

As of November 2022

Located in Beautiful North Monrovia, close to Old Town Monrovia, this property has 2 separate houses with plenty of parking. The Front House is currently occupied and is a spacious 4 bedroom 1 bath house which was remodeled in 2019. This front house has laminated floors, tile floors in Kitchen, Central A/C and heat, its own private fenced yard, inside Laundry Room and Carport for 2 cars. The Rear House has 2 bedrooms 1 bath and is newly remodeled and ready to move-in. New Kitchen Cabinets with Granite Counter top, Inside Laundry, New Vinyl Floors in Kitchen and Bath, New Carpet and Paint throughout house, new mini-blinds on windows, Central A/C and Heat, and new copper plumbing. It has a large front porch area to sit and relax, as well as its own Covered Patio Area with Fruit Trees. There is a large Carport for 2 cars as well as a Separate large one car garage. There is a 240 volt/50 amp EV charging plug already installed in carport for your EV Vehicle. Live in one and rent out the other or lease them both! Rent for front house is low, only $2400. Could be $3000.00 or more since 4 bedroom. Back house can be $2000 or more so potential rent could be $5000 per month. This beautifully remodeled property is hard to find in such a terrific area! Close to stores, schools, restaurants and the Metro-Gold Line! Don't miss this opportunity!
Please, do not disturb occupants in Front House or walk onto property without appointment with Listing Agent.

Last Agent to Sell the Property

Mary Rosales

Berkshire Hathaway Golden Prop License #01215173 Listed on: 08/09/2022

Berkshire Hathaway Golden Prop

Last Buyer's Agent

Liz Orzame

Master's Real Estate License #00893870

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,090

Year Built

  • Built in 1962

Lot Details

  • 7,592 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage
  • 4 Attached Carport Spaces
  • Parking Available
  • Single Garage Door
  • Driveway
  • Assigned Parking

Home Design

  • Duplex
  • Raised Foundation
  • Slab Foundation
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 1,944 Sq Ft Home
  • Living Room

Kitchen

  • Range Hood
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts
  • Natural Gas Connected
  • Water Heater
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 2
  • Assessor Parcel Number 8505017001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Foothills

Recreation

  • Park
  • Dog Park
  • Bike Trail

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $1,170
  • Trash Expense $936
  • New Taxes Expense $6,651
  • Operating Expense $10,567
  • Gross Income $60,000
  • Net Operating Income $49,433

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,090

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Other Phone Description: Agent Cell
  • Other Phone Number: 626-665-3972
  • Price Per Unit: 550000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: MORM*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8505017001
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial, Granite Counters, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Levels: One
  • Price Per Square Foot: 560.60
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room

Exterior Features

  • Foundation: Raised, Slab
  • Other Structures: Two On A Lot
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Driveway, Garage - Single Door
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Range Hood, Water Heater
  • Electric: 220 Volts, Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 936.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Foothills, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7592.00
  • Lot Size Acres: 0.1743

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1170.00
  • Lot Size Area: 7592.0000 Square Feet
  • Net Operating Income: 49433.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 10567.00
  • Rent Control: No
  • Total Expenses: 10567.00

Tax Info

  • New Taxes Expense: 6651.00
  • Tax Census Tract: 4310.03
  • Tax Lot: 8
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2024
Sold by
Caldito Jerome and Delmendo Xera
Bought by
Caldito And Delmendo Living Trust and Caldito
Current Estimated Value
$1,193,813

Purchase Details

Listed on
Aug 9, 2022
Closed on
Nov 7, 2022
Sold by
Henry And Mary L Rosales 2016 Revocable
Bought by
Caldito Jerome and Delmendo Xera
Seller's Agent
Mary Rosales
Berkshire Hathaway Golden Prop
Buyer's Agent
Liz Orzame
Master's Real Estate
List Price
$1,249,000
Sold Price
$1,089,800
Premium/Discount to List
-$159,200
-12.75%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.36%
Original Mortgage
$817,350
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2016
Sold by
Rosales Henry and Rosales Mary L
Bought by
Henry & Mary L Rosales 2016 Revocable Li

Purchase Details

Closed on
Jun 4, 2007
Sold by
Rosales Henry Enrique and Rosales Mary Louise Fitzgerald
Bought by
Rosales Mary Louise Fitzgerald and Rosales Henry Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2007
Sold by
Rosales Henry Enrique and Rosales Mary Louise
Bought by
Rosales Henry Enrique and Rosales Mary Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2007
Sold by
Rosales Mary Louise and Rosales Henry Enrique
Bought by
Rosales Henry Enrique and Rosales Mary Louise Fitzgerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2005
Sold by
Rosales Henry Enrique and Rosales Mary Fitzgerald
Bought by
Rosales Mary Louise and Rosales Henry Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2004
Sold by
Rosales Mary Louise and Rosales Henry Enrique
Bought by
Rosales Henry Enrique and Rosales Mary Fitzgerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2003
Sold by
Rosales Henry Enrique and Rosales Mary Fitzgerald
Bought by
Rosales Mary Louise and Rosales Henry Enrique

Purchase Details

Closed on
Sep 3, 2002
Sold by
Gaona Rodolfo V and Gaona Maria R
Bought by
Rosales Henry E and Rosales Mary Fitzgerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.22%
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
Caldito And Delmendo Living Trust -- None Listed On Document
Caldito Jerome $1,090,000 Fidelity National Title
Henry & Mary L Rosales 2016 Revocable Li -- None Available
Rosales Mary L -- None Available
Rosales Mary Louise Fitzgerald -- None Available
Rosales Henry Enrique -- Home Connects Title
Rosales Henry Enrique -- None Available
Rosales Mary Louise -- --
Rosales Henry Enrique -- Commonwealth Land Title
Rosales Mary Louise -- --
Rosales Henry E $365,000 Commerce Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Caldito Jerome $817,350
Previous Owner Rosales Mary Louise Fitzgerald $400,300
Previous Owner Rosales Henry Enrique $417,000
Previous Owner Rosales Henry Enrique $320,000
Previous Owner Rosales Henry E $265,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2022 11/09/22 Sold $1,089,800 -0.9% $561 / Sq Ft
10/04/2022 10/04/22 Pending -- -- --
08/19/2022 08/19/22 Price Changed $1,100,000 -11.9% $566 / Sq Ft
08/09/2022 08/09/22 For Sale $1,249,000 0.0% $642 / Sq Ft
03/13/2019 03/13/19 Rented $2,400 0.0% --
02/20/2019 02/20/19 For Rent $2,400 -- --
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 $15,090 $1,134,035 $793,825 $340,210
2024 $15,090 $1,111,800 $778,260 $333,540
2023 $14,744 $1,090,000 $763,000 $327,000
2022 $7,111 $498,130 $191,061 $307,069
2021 $6,970 $488,364 $187,315 $301,049
2020 $6,766 $483,358 $185,395 $297,963
2019 $6,651 $473,881 $181,760 $292,121
2018 $6,422 $464,591 $178,197 $286,394
2016 $6,172 $446,552 $171,278 $275,274
2015 $6,040 $439,846 $168,706 $271,140
2014 $5,985 $431,231 $165,402 $265,829
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22174432

California Regional Multiple Listing Service (CRMLS)

APN: 8505-017-001