NOT LISTED FOR SALE

5308 La Madera Ave El Monte, CA 91732

Norwood Cherrylee Neighborhood

Estimated Value: $1,275,000 - $1,489,942

8 Beds
3 Baths
3,056 Sq Ft
$456/Sq Ft Est. Value

Last Sold May 04, 2018

Last sale price $1,091,000 $357 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $8,818/month

17 Days on Market

Highlights

  • 21,754 Sq Ft lot
  • Laundry Room
  • 1-Story Property

About This Home

As of May 2018

LOCATION! LOCATION! LOCATION! HARD TO FIND BEST DEAL IN NORTH EL MONTE. MINUTES FROM ARCADIA. THIS TRIPLEX CONSISTS OF 3 SINGLE FAMILY HOUSES PLUS A BONUS FOURTH HOUSE IN A RECTANGULAR 21,000+SFT FLAT LOT. ONE HOUSE IS 2 BEDS/1BATH PLUS AN ATTACHED 1 CAR GARAGE, ONE HOUSE IS 3 BEDS/1BATH PLUS DETACHED GARAGE FOR 2 CARS, ONE HOUSE IS 3 BEDS/1 BATH WITH ATTACHED 2 CAR GARAGE, BONUS HOUSE OF APPROX 600 SFT NOT INCLUDED IN THE SQUARE FOOTAGE IS 2 BEDS/1BATH. LONG TERM TENANTS WITH MONTH-TO-MONTH LEASES. LOW MAINTENANCE. RENTS ARE WELL BELOW MARKET WITH HUGE UPSIDE POTENTIAL. IT IS LOCATED IN ONE OF THE QUIETEST AND SAFEST STREETS IN NORTH EL MONTE WITH A LOT OF NEWER MANSIONS BUILT NEARBY. FREEWAYS, SCHOOLS, MARKETS, RESTAURANTS ARE ALL WITHIN MINUTES. PROPERTY TO BE SOLD STRICTLY "AS IS" AND "WHERE IS" WITHOUT REPAIRS OR WARRANTY OF ANY KIND. BUYER OR BUYER'S AGENT TO DO THEIR OWN DUE DILIGENCE AS TO SQUARE FOOTAGE, ROOM COUNTS, PERMITS, LAND USE, ETC. TO SATISFY THEMSELVES. OFFER SUBJECT TO INTERIOR INSPECTION. PLEASE DO NOT DISTURB TENANTS!!!!

Last Agent to Sell the Property

ANNIE WONG

A & K Construction And Realty Inc License #01413581 Listed on: 04/01/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.5 Acre Lot
  • No Common Walls

Parking

  • 6 Open Parking Spaces
  • 5 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 3,056 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 13286
  • Assessor Parcel Number 8541014047

Community Details

Overview

  • 4 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Gardener Expense $1,200
  • Insurance Expense $1,186
  • Trash Expense $360
  • Water Sewer Expense $1,560
  • New Taxes Expense $12,475
  • Operating Expense $17,501
  • Gross Income $61,200
  • Net Operating Income $29,299

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1560.00
  • Zoning: EMRIB*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8541014047
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 357.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 21754.00

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 61200.00
  • Gross Scheduled Income: 61200.00
  • Insurance Expense: 1186.00
  • Net Operating Income: 29299.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 17501.00
  • Other Income1: 14400.00
  • Other Income Description: BONUS HOUSE
  • Rent Control: No
  • Total Expenses: 17501.00

Tax Info

  • New Taxes Expense: 12475.00
  • Tax Census Tract: 4325.00
  • Tax Lot: 25
  • Tax Tract Number: 13286

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2023
Sold by
Tang Wai Fong
Bought by
Nrc Trust and Tang
Current Estimated Value
$1,393,736

Purchase Details

Closed on
Aug 4, 2023
Sold by
Wong Eagle Waikin
Bought by
Tang Wai Fong

Purchase Details

Closed on
Feb 4, 2022
Sold by
Tang Wai Fong
Bought by
Tang Wai Fong and Wong Eagle Waikin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2018
Closed on
Apr 25, 2018
Sold by
Xu Ke Jie and Xu Ke Wen
Bought by
Tang Wai Fong
Seller's Agent
ANNIE WONG
A & K Construction And Realty Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$998,000
Sold Price
$1,091,000
Premium/Discount to List
$93,000
9.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.22%

Purchase Details

Listed on
Apr 1, 2018
Closed on
Apr 20, 2018
Sold by
Wong Eagle Walkin
Bought by
Tang Wai Fong
Seller's Agent
ANNIE WONG
A & K Construction And Realty Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$998,000
Sold Price
$1,091,000
Premium/Discount to List
$93,000
9.32%

Purchase Details

Closed on
Apr 23, 2004
Sold by
Xu Ke Jie and Xu Ke Wen
Bought by
Xu Ke Jie and Xu Ke Wen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 1999
Sold by
Zu Yin Xu and Zu Jin Song Huang
Bought by
Xu Ke Jie and Xu Ke Wen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nrc Trust -- None Listed On Document
Tang Wai Fong -- None Listed On Document
Tang Wai Fong -- First American Title Company O
Tang Wai Fong $1,091,000 Old Republic Title Company
Tang Wai Fong -- Old Republic Title Company
Xu Ke Jie -- United Title Company
Xu Ke Jie -- United Title Company
Xu Ke Wen -- United Title Company
Xu Ke Jie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tang Wai Fong $625,000
Previous Owner Xu Ke Jie $217,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2018 05/04/18 Sold $1,091,000 0.0% $357 / Sq Ft
04/18/2018 04/18/18 Pending -- -- --
04/18/2018 04/18/18 Off Market $1,091,000 -- --
04/01/2018 04/01/18 For Sale $998,000 -- $327 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $17,050 $1,241,366 $745,275 $496,091
2024 $17,050 $1,217,026 $730,662 $486,364
2023 $16,716 $1,193,164 $716,336 $476,828
2022 $16,095 $1,169,770 $702,291 $467,479
2021 $16,323 $1,146,834 $688,521 $458,313
2020 $16,277 $1,135,076 $681,462 $453,614
2019 $16,662 $1,112,820 $668,100 $444,720
2018 $9,303 $596,572 $441,238 $155,334
2016 $8,920 $573,408 $424,105 $149,303
2015 $8,819 $564,796 $417,735 $147,061
2014 $8,494 $553,734 $409,553 $144,181
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    ANNIE WONG

    A & K Construction And Realty Inc

    (626) 821-1919

    64 Total Sales

    ANNIE WONG
    Section Image

  • N

    Buyer's Agent in 2018

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    7 in this area

    6,279 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18073544

California Regional Multiple Listing Service (CRMLS)

APN: 8541-014-047

California Los Angeles County El Monte 91732 Norwood Cherrylee

5308 La Madera Ave, El Monte, CA

Not Listed for Sale

MultiFamily

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