NOT LISTED FOR SALE

533 W Olive Ave Monrovia, CA 91016

Estimated Value: $1,135,284 - $1,414,000

3 Beds
1 Bath
2,216 Sq Ft
$568/Sq Ft Est. Value

Last Sold July 24, 2013

Last sale price $750,000 $338 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $7,736/month

41 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating and Cooling System
  • 3-minute walk to Lucinda Garcia Park
  • Monrovia High School Rated A
  • Back Yard

About This Home

As of July 2013

Very nice duplex in great area of Monrovia for owner to live in one and rent the other or investment. Newly remodeled Two identical units each with 3 bedrooms, New 1.75 bathrooms, living room, dining room, New kitchen with granite counter top, laundry area, new windows, new roof,new tile floors in kitchen and bathrooms and nice wood laminate floors in living room and bedrooms, Central air & Heat, new driveway, two new car garages with garage door opener, fridges, stoves, dishwashers and stackable washer & dryer are included in the sale. The front unit 533 Olive Ave has front yard, back unit 533 Olive #A with back yard. Great property don't miss it!!

Last Agent to Sell the Property

Jacqueline Adaimy

Century 21 Village Realty License #01178316 Listed on: 05/20/2013

Century 21 Village Realty

Last Buyer's Agent

Pauline Cheng

Re/Max Premier Prop Arcadia License #00993691

Re/Max Premier Prop Arcadia

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,399

Year Built

  • Built in 1963

Lot Details

  • 7,448 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Garage Door Opener

Home Design

  • 2,216 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Additional Features

  • Laundry Room
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 8506011020

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $516
  • Water Sewer Expense $900
  • New Taxes Expense $9,375
  • Gross Income $3,600
  • Net Operating Income $40,764

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,399

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 626-840-7917
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Parcel Number: 8506011020
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 338.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Door Opener
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Trash Expense: 516.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7448.00
  • Lot Size Acres: 0.1710

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7448.0000 Square Feet
  • Net Operating Income: 40764.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 2436.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9375.00
  • Tax Lot: 00
  • Tax Tract Number: 00
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2018
Sold by
Wong Samuel Ken Wai
Bought by
Wong Samuel Ken Wai and Tsu Ha Sin
Current Estimated Value
$1,258,071

Purchase Details

Listed on
May 20, 2013
Closed on
Jun 17, 2013
Sold by
Haupt Elena Shuton
Bought by
Wong Samuel and Tsu Ha Sin
Seller's Agent
Jacqueline Adaimy
Century 21 Village Realty
Buyer's Agent
Pauline Cheng
Re/Max Premier Prop Arcadia
List Price
$749,800
Sold Price
$750,000
Premium/Discount to List
$200
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.38%
Original Mortgage
$480,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2005
Sold by
Haupt Wyatt Davidson
Bought by
Haupt Elena Shuton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2005
Sold by
Marsh Elaine R and Paul S & Dorothy L Wrathall Tr
Bought by
Haupt Elena Shuton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Wong Samuel Ken Wai -- None Available
Wong Samuel $750,000 Lawyers Title
Haupt Elena Shuton -- Fidelity Van Nuys
Haupt Elena Shuton $605,000 Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Samuel $480,000
Closed Wong Samuel $480,000
Previous Owner Haupt Elena Shuton $420,000
Previous Owner Wrathall Paul S $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2013 07/24/13 Sold $750,000 0.0% $338 / Sq Ft
06/30/2013 06/30/13 Pending -- -- --
05/20/2013 05/20/13 For Sale $749,800 -- $338 / 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 $12,399 $919,386 $674,220 $245,166
2024 $12,399 $901,359 $661,000 $240,359
2023 $12,117 $883,687 $648,040 $235,647
2022 $11,767 $866,361 $635,334 $231,027
2021 $11,536 $849,375 $622,877 $226,498
2019 $10,987 $824,184 $604,403 $219,781
2018 $10,697 $808,024 $592,552 $215,472
2016 $10,285 $776,650 $569,544 $207,106
2015 $10,060 $764,985 $560,989 $203,996
2014 $9,958 $750,000 $550,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13093680

California Regional Multiple Listing Service (CRMLS)

APN: 8506-011-020