NOT LISTED FOR SALE

527 E Lemon Ave Monrovia, CA 91016

Estimated Value: $1,187,000 - $1,506,445

4 Beds
3 Baths
2,290 Sq Ft
$611/Sq Ft Est. Value

Last Sold August 09, 2023

Last sale price $1,248,000 $545 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,259/month

4 Days on Market

Highlights

  • Mountain View
  • Hiking Trails
  • Park
  • Clifton Middle School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 3-minute walk to Recreation Park

About This Home

As of August 2023

This unique property has two charming separate homes on a large lot with their own yards, addresses and utility meters. This property is conveniently located close to shopping, restaurants, hiking & parks. Each house has its own laundry area. 527 E. Lemon is a beautiful 1264 SF 2 bed and 2 bath with lots of character and large porch to enjoy the outdoors. Second home is 419 Heliotrope and is 1026 SF, 2bed and 1 bath with a lovely rear porch. Detached 3 car garage

Last Agent to Sell the Property

Margarit Torgomyan

Berkshire Hathaway Home Services Golden Properties License #02066602 Listed on: 06/29/2023

Berkshire Hathaway Home Services Golden Properties

Co-Listed By

Frunz Hambarzumian

Berkshire Hathaway Home Services Golden Properties License #02098338

Last Buyer's Agent

Rosi Ueng

Treelane Realty Group Inc. License #01348042

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 9,596 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Front and Back Yard Sprinklers

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Duplex

Interior Spaces

  • 2,290 Sq Ft Home
  • Living Room with Fireplace
  • Mountain Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Water Heater

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 431
  • Assessor Parcel Number 8505016035

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Foothills

Recreation

  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $975
  • Operating Expense $2,175
  • Gross Income $46,080
  • Net Operating Income $44,880

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8505016035
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 544.98
  • Room Type: Living Room, Kitchen

Exterior Features

  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Water Heater, Gas Oven
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 9596.00
  • Lot Size Acres: 0.2203

Multi Family

  • Gross Income: 46080.00
  • Gross Scheduled Income: 46080.00
  • Insurance Expense: 975.00
  • Lot Size Area: 9596.0000 Square Feet
  • Net Operating Income: 44880.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Expenses: 2175.00

Tax Info

  • Tax Lot: 14
  • Tax Tract Number: 431...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2016
Sold by
Wong Tony D
Bought by
Le Truc T
Current Estimated Value
$1,399,611

Purchase Details

Closed on
May 8, 2008
Sold by
Wilson Troy S
Bought by
Wong Tony D and Le Truc T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2007
Sold by
Sharp Louise
Bought by
Wilson Troy S

Purchase Details

Closed on
Dec 27, 2006
Sold by
Mccarthy Edward L
Bought by
Wilson Troy S

Purchase Details

Closed on
Oct 1, 2002
Sold by
Adams Libbie S
Bought by
Mccarthy Edward L

Purchase Details

Closed on
May 23, 2002
Sold by
Koai Benn and Koai Linda
Bought by
Mccarthy Edward I and Adams Libbie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.25%

Purchase Details

Closed on
Aug 3, 1999
Sold by
Cambon Thomas E and Cambon Donna Lee
Bought by
Ferdows Ramin
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
Le Truc T -- Accommodation
Wong Tony D $615,000 Chicago Title Company
Wilson Troy S -- Chicago Title Co
Wilson Troy S -- Chicago Title Co
Mccarthy Edward L -- --
Mccarthy Edward I $250,000 American Title Co
Ferdows Ramin -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wong Tony D $457,500
Previous Owner Mccarthy Edward I $200,000
Closed Mccarthy Edward I $37,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2023 08/09/23 Sold $1,248,000 0.0% $545 / Sq Ft
07/03/2023 07/03/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $1,248,000 -- $545 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $11,111 $1,272,960 $762,960 $510,000
2024 $11,111 $791,959 $643,876 $148,083
2023 $10,757 $776,431 $631,251 $145,180
2022 $10,448 $761,208 $618,874 $142,334
2021 $10,242 $746,284 $606,740 $139,544
2020 $9,932 $738,633 $600,519 $138,114
2019 $9,758 $724,151 $588,745 $135,406
2018 $9,495 $709,952 $577,201 $132,751
2016 $9,127 $682,387 $554,789 $127,598
2015 $8,929 $672,138 $546,456 $125,682
2014 $8,841 $658,973 $535,752 $123,221
Source: Public Records

Agents Affiliated with this Home

  • Margarit Torgomyan

    Seller's Agent in 2023

    Margarit Torgomyan

    Berkshire Hathaway Home Services Golden Properties

    (626) 808-8055

    15 in this area

    26 Total Sales

    Margarit Torgomyan
    Section Image

  • F

    Seller Co-Listing Agent in 2023

    Frunz Hambarzumian

    Berkshire Hathaway Home Services Golden Properties

    (626) 297-6811

    8 in this area

    13 Total Sales

    Frunz Hambarzumian
    Section Image
  • Rosi Ueng

    Buyer's Agent in 2023

    Rosi Ueng

    Treelane Realty Group Inc.

    (626) 589-6852

    1 in this area

    78 Total Sales

    Rosi Ueng
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-14175

Pasadena-Foothills Association of REALTORS®

APN: 8517-007-015

California Los Angeles County Monrovia 91016

527 E Lemon Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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