$1,598,000
SOLD NOV 15, 2024

531 N Ynez Ave Monterey Park, CA 91754

8 Beds
3 Baths
2,842 Sq Ft
9,894 Sq Ft Lot

Recently Sold

$562 Per Sq Ft

31 Days on Market

Highlights

  • Laundry Room
  • Ynez Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of November 2024

Investment opportunity in a prime location in Monterey Park with the potential to add ADU! This property features three units spread across two separate buildings. The front building includes:First Unit: 3 bedrooms, 1 bathroom, and 1 detached car garage. Second Unit: 3 bedrooms, 1 bathroom, and 1 detached car garage. Third Unit: 2 bedrooms, 1 bathroom, plus a bonus room, and 1 detached car garage. All units have central A/C and heating, and separate electrical and gas meters. All units are on a month-to-month lease. The property is conveniently close to restaurants, banks, supermarkets, schools, and parks, with easy access to the 10 and 710 freeways.
"DRIVE BY ONLY. DO NOT DISTURB TENANTS". "DRIVE BY ONLY, DO NOT DISTURB TENANTS".

Last Agent to Sell the Property

Steve Hang

COLDWELL BANKER DYNASTY/ARC Brokerage Phone: 626 688 3731 License #01260352 Listed on: 09/17/2024

COLDWELL BANKER DYNASTY/ARC

Last Buyer's Agent

Jasmine Wu

IRN REALTY License #02031243

IRN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,675

Year Built

  • Built in 1921

Lot Details

  • 9,894 Sq Ft Lot
  • 1 Common Wall

Parking

  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,842 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 219
  • Assessor Parcel Number 5256010038

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,675

Year Built

Built in 1921

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 532667
  • Property Attached: Yes
  • Zoning: MPR3*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5256010038
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: One, Two
  • Price Per Square Foot: 562.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9894.00
  • Lot Size Acres: 0.2271

Multi Family

  • Lot Size Area: 9894.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4817.13
  • Tax Lot: 219

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Nov 1, 2024
Sold by
Chiang Pauline
Bought by
Wu Mingyu
Seller's Agent
Steve Hang
COLDWELL BANKER DYNASTY/ARC
Buyer's Agent
Jasmine Wu
IRN REALTY
List Price
$1,598,000
Sold Price
$1,598,000
Views
20
Current Estimated Value
$1,627,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,998
Avg. Annual Appreciation
1.43%
Original Mortgage
$958,800
Outstanding Balance
$951,203
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$665,565

Purchase Details

Listed on
May 18, 2024
Closed on
Jun 6, 2024
Sold by
Li Chung Jen
Bought by
Chiang Pauline
Seller's Agent
Ignacio Perez Mero
Fidelity Mortgage Company
Buyer's Agent
Steve Hang
CBD INVESTMENT INC.
List Price
$1,488,888
Sold Price
$1,500,000
Premium/Discount to List
$11,112
0.75%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.26%

Purchase Details

Listed on
Feb 16, 2012
Closed on
Mar 27, 2012
Sold by
Hernandez Frank L and Hernandez Mary H
Bought by
Li Aaron Pinglun
Seller's Agent
Phillip Nunez
Keller Williams Realty
Buyer's Agent
Lynell Payne
The Lynell Real Estate Group
List Price
$750,000
Sold Price
$752,888
Premium/Discount to List
$2,888
0.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.86%
Original Mortgage
$451,733
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2001
Sold by
Hernandez Frank L and Hernandez Mary L
Bought by
Hernandez Frank L and Hernandez Mary H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.13%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,598,000 Provident Title Company
Grant Deed $1,598,000 Provident Title Company
Grant Deed -- Wfg National Title
Grant Deed $1,500,000 Wfg National Title
Grant Deed $753,000 Orange Coast Title Company O
Interfamily Deed Transfer -- Southland Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $958,800 New Conventional
Closed $958,800 New Conventional
Previous Owner $451,733 New Conventional
Previous Owner $486,000 Stand Alone First
Previous Owner $100,000 Credit Line Revolving
Previous Owner $265,000 Stand Alone First
Previous Owner $160,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold $1,598,000 0.0% $562 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $1,598,000 +6.5% $562 / Sq Ft
06/13/2024 06/13/24 Sold $1,500,000 +0.7% $526 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
05/18/2024 05/18/24 For Sale $1,488,888 +97.8% $522 / Sq Ft
05/10/2012 05/10/12 Sold $752,888 +0.4% $264 / Sq Ft
03/27/2012 03/27/12 Pending -- -- --
02/16/2012 02/16/12 For Sale $750,000 -- $263 / 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 $12,675 $1,598,000 $1,038,000 $560,000
2024 $12,675 $927,256 $492,567 $434,689
2023 $12,425 $909,075 $482,909 $426,166
2022 $11,850 $891,251 $473,441 $417,810
2021 $11,707 $873,776 $464,158 $409,618
2020 $11,641 $864,817 $459,399 $405,418
2019 $11,299 $847,861 $450,392 $397,469
2018 $11,182 $831,237 $441,561 $389,676
2016 $10,370 $798,961 $424,415 $374,546
2015 $10,210 $786,960 $418,040 $368,920
2014 $10,077 $771,546 $409,852 $361,694
Source: Public Records

Agents Affiliated with this Home

  • Steve Hang

    Seller's Agent in 2024

    Steve Hang

    COLDWELL BANKER DYNASTY/ARC

    (626) 446-8999

    3 in this area

    19 Total Sales

    Steve Hang
    Section Image
  • Ignacio Perez Mero

    Seller's Agent in 2024

    Ignacio Perez Mero

    Fidelity Mortgage Company

    (562) 745-8672

    1 in this area

    37 Total Sales

    Ignacio Perez Mero
    Section Image

  • J

    Buyer's Agent in 2024

    Jasmine Wu

    IRN REALTY

    2 in this area

    9 Total Sales

    Jasmine Wu
    Section Image
  • Phillip Nunez

    Seller's Agent in 2012

    Phillip Nunez

    Keller Williams Realty

    (562) 338-2883

    57 Total Sales

    Phillip Nunez
    Section Image

  • L

    Buyer's Agent in 2012

    Lynell Payne

    The Lynell Real Estate Group

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24192828

California Regional Multiple Listing Service (CRMLS)

APN: 5256-010-038

California Los Angeles County Monterey Park 91754

531 N Ynez Ave, Monterey Park, CA

This home is located at 531 N Ynez Ave, Monterey Park, CA 91754 and is currently priced at $1,598,000, approximately $562 per square foot. This property was built in 1921. 531 N Ynez Ave is a home located in Los Angeles County with nearby schools including Ynez Elementary School, Mark Keppel High School, and St. Stephen Martyr School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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