533 Elizabeth Ave Monterey Park, CA 91755
9
Beds
4
Baths
4,100
Sq Ft
0.33
Acres
Highlights
- 0.33 Acre Lot
- Traditional Architecture
- Private Yard
- Garvey (Richard) Intermediate School Rated A-
- Wood Flooring
- No HOA
About This Home
As of October 2024It’s here… Your Multi-unit Investment Opportunity awaits!! We have a 4,100 sq ft quadruplex available on a decent sized 14,160 sq ft lot in desired Monterey Park! Addresses included in sale on this property are: 533, 535, 537 and 539 Elizabeth Avenue. The units consist of (1) 3 bedroom / 1 bath larger 2 story unit and (3) 2 bedroom / 1 bath smaller 1 story units. Each unit has been individually maintained over the years and have their own individual private backyards. Additionally, some of the units have been upgraded with granite counter tops, wood floors, cabinets, pavers, etc… All units are currently rented on month to month leases with rents below average rental prices for the area so this features great upside potential. Each unit has 1 spot inside the 2 double garages (total of 4 spots) plus additional driveway & street parking as well. Whether you’re a seasoned investor looking to diversify your portfolio, or someone new to real estate investment, this property is waiting for you. This property is close to Downtown LA, shopping, restaurants, parks, schools, public transportation and freeways! DRIVE BY ONLY!! DO NOT DISTURB TENANTS!
Last Agent to Sell the Property
SEGUE PROPERTIES, INC. Brokerage Phone: 626-695-0207 License #01295457 Listed on: 08/01/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,491
Year Built
- Built in 1954
Lot Details
- 0.33 Acre Lot
- No Common Walls
- South Facing Home
- Wood Fence
- Block Wall Fence
- Chain Link Fence
- Landscaped
- Rectangular Lot
- Level Lot
- Private Yard
- Back and Front Yard
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- 4 Open Parking Spaces
- Parking Storage or Cabinetry
- Parking Available
- Front Facing Garage
- Two Garage Doors
- Driveway
Home Design
- Quadruplex
- Traditional Architecture
- Fixer Upper
- Raised Foundation
- Composition Roof
- Stucco
Interior Spaces
- 4,100 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Family Room with Fireplace
- Living Room
- Storage
- Fire and Smoke Detector
Kitchen
- Built-In Range
- Free-Standing Range
- Disposal
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Outdoor Features
- Exterior Lighting
- Shed
Utilities
- Cooling System Mounted To A Wall/Window
- Space Heater
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 23
- Tax Tract Number 2627
- Assessor Parcel Number 5258016019
- $1,164 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,300
- Professional Management Expense $4,140
- Trash Expense $3,768
- New Taxes Expense $3,200
- Operating Expense $12,408
- Gross Income $46,800
- Net Operating Income $34,392
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2024
Closed on
Oct 1, 2024
Sold by
Faustino Pacheco Trust and Pacheco David Anthony
Bought by
Wong Stephany Chan and Chan Diana Lee
Seller's Agent
BARRY CARTER
SEGUE PROPERTIES, INC.
Buyer's Agent
Calvin Wong
HomeSmart, Evergreen Realty
List Price
$1,799,000
Sold Price
$1,580,000
Premium/Discount to List
-$219,000
-12.17%
Views
19
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,976
Avg. Annual Appreciation
1.86%
Original Mortgage
$1,065,000
Outstanding Balance
$1,053,100
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$551,876
Purchase Details
Closed on
Mar 8, 2020
Sold by
Pacheco Faustino
Bought by
Pacheco Faustino and Faustino Pacheco Trust
Similar Homes in Monterey Park, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,580,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,065,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/21/2024 10/21/24 | Sold | $1,580,000 | -12.2% | $385 / Sq Ft |
| 08/28/2024 08/28/24 | Pending | -- | -- | -- |
| 08/01/2024 08/01/24 | For Sale | $1,799,000 | -- | $439 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $3,491 | $1,580,000 | $1,030,000 | $550,000 |
| 2024 | $3,491 | $175,644 | $30,255 | $145,389 |
| 2023 | $3,399 | $172,201 | $29,662 | $142,539 |
| 2022 | $3,278 | $168,826 | $29,081 | $139,745 |
| 2021 | $3,231 | $165,516 | $28,511 | $137,005 |
| 2020 | $3,205 | $163,820 | $28,219 | $135,601 |
| 2019 | $3,134 | $160,609 | $27,666 | $132,943 |
| 2018 | $2,986 | $157,461 | $27,124 | $130,337 |
| 2016 | $2,809 | $151,349 | $26,072 | $125,277 |
| 2015 | $2,759 | $149,077 | $25,681 | $123,396 |
| 2014 | $2,754 | $146,157 | $25,178 | $120,979 |
Source: Public Records
Agents Affiliated with this Home
-
BARRY CARTER
Seller's Agent in 2024
BARRY CARTER
SEGUE PROPERTIES, INC.
(213) 598-3605
1 in this area
11 Total Sales
-
Calvin Wong
C
Buyer's Agent in 2024
Calvin Wong
HomeSmart, Evergreen Realty
(626) 378-8007
1 in this area
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24154695
APN: 5258-016-019
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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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