NOT LISTED FOR SALE

58 E Laurel Ave Sierra Madre, CA 91024

Estimated Value: $1,656,000 - $2,513,000

9 Beds
6 Baths
4,585 Sq Ft
$494/Sq Ft Est. Value

Last Sold December 12, 2014

Last sale price $1,350,000 $294 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $13,922/month

126 Days on Market

Highlights

  • Mountain View
  • Traditional Architecture
  • Laundry Room
  • Sierra Madre Elementary School Rated A-
  • No HOA
  • Detached Carport Space

About This Home

As of December 2014

Three original units, all 2 bedroom/1 bath, (955 s. f. each), with 4th unit built in front, year 2000. It is 3 bedrooms/3 bath, 1720 s.f., with 3 balconies. There are eight covered parking and 2 uncovered spaces. Laundry is separate room. Tenants pay gas and electric and each has meters for gas /electric. Owner pays trash and water. Do not disturb tenants. DRIVE BY ONLY. Tenants do not know it is for sale. Property sold 'as is' condition.

Last Agent to Sell the Property

Greg Prout

Pacific Realty Center License #00818371 Listed on: 09/08/2014

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 9,605 Sq Ft Lot
  • Lot Dimensions are 50x191.58
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 7 Car Garage
  • Detached Carport Space
  • Parking Available
  • Shared Driveway

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 4,585 Sq Ft Home
  • 2-Story Property
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Air

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance
  • Tax Lot 22
  • Tax Tract Number 5416
  • Assessor Parcel Number 5767007011

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
  • Electric Expense $15
  • Gardener Expense $80
  • Insurance Expense $117
  • Trash Expense $125
  • Water Sewer Expense $50
  • New Taxes Expense $1,495
  • Gross Income $6,520
  • Net Operating Income $56,066

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

0

Parking

7

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 50.00
  • Zoning: SRR3YY
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 80.00
  • Parcel Number: 5767007011
  • Year Built: 2000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 294.44

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport, Garage, Shared Driveway
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Trash Expense: 125.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size: 50x191.58
  • Lot Size Sq Ft: 9605.00
  • Lot Size Acres: 0.2210

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance

Multi Family

  • Electric Expense: 15.00
  • Gross Income: 6520.00
  • Gross Scheduled Income: 78240.00
  • Insurance Expense: 117.00
  • Lot Size Area: 9605.0000 Square Feet
  • Net Operating Income: 56066.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 403.00
  • Operating Expense Percent: 12.00
  • Rent Control: No
  • Total Actual Rent: 6525.00

Tax Info

  • New Taxes Expense: 1495.00
  • Tax Lot: 22
  • Tax Tract Number: 05416

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2021
Sold by
Janice Kincaid Clifford Trust
Bought by
Kmc Trust and Mtc Trust
Current Estimated Value
$2,329,910

Purchase Details

Closed on
Feb 12, 2021
Sold by
Janice Kincaid Clifford Trust and Clifford Janice K
Bought by
Kmc Trust and Mtc Trust

Purchase Details

Closed on
Jan 15, 2021
Sold by
Janice Kincaid Clifford Trust and Kmc Trust
Bought by
Laurel Avenue Sm Owner Llc

Purchase Details

Closed on
Jan 4, 2021
Sold by
Laurel Avenue Sm Llc
Bought by
Janice Kincaid Clifford Trust and Kmc Trust

Purchase Details

Closed on
Mar 5, 2020
Sold by
Clifford Janice K and The Janice Kincaid Clifford Tr
Bought by
Laurel Avenue Sm Llc

Purchase Details

Listed on
Sep 8, 2014
Closed on
Dec 5, 2014
Sold by
Santo Raul and Santo Ana
Bought by
Clifford Janice K and The Janice Kinkaifd Clifford
Seller's Agent
Greg Prout
Pacific Realty Center
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,435,000
Sold Price
$1,350,000
Premium/Discount to List
-$85,000
-5.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.75%

Purchase Details

Closed on
Mar 4, 2011
Sold by
Santo Raul A and Santo Ana T
Bought by
Santo Raul and Santo Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2005
Sold by
Santo Raul and Santo Ana
Bought by
Santo Raul A and Santo Ana T

Purchase Details

Closed on
Jul 13, 2004
Sold by
Santos Raquel V
Bought by
Santo Raul and Santo Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2001
Sold by
Santo Gabe S and Santo Adella K
Bought by
Santos Raquel V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
7.19%

Purchase Details

Closed on
May 22, 1998
Sold by
Santo Gabe S and Santo Adella K
Bought by
Santo Gabe S and Santo Adella K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,768
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
May 1, 1995
Sold by
First American Bank
Bought by
Santo Gabe S and Santo Adella K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,062
Interest Rate
8.32%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 30, 1994
Sold by
Foreclosure Consultants Inc
Bought by
First American Bank

Purchase Details

Closed on
Aug 12, 1993
Sold by
Burton Belinda and The Timothy Burton Trust
Bought by
Burton Belinda and The Timothy Burton Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Kmc Trust -- None Listed On Document
Kmc Trust -- None Listed On Document
Laurel Avenue Sm Owner Llc -- None Listed On Document
Janice Kincaid Clifford Trust -- None Listed On Document
Laurel Avenue Sm Llc -- None Available
Clifford Janice K $1,350,000 Stewart Title
Santo Raul -- Pacific Coast Title
Santo Raul A -- --
Santo Raul $620,000 Investors Title Company
Santos Raquel V -- Lawyers Title
Santo Gabe S -- Stewart Title
Santo Gabe S $288,000 Southland Title
First American Bank $134,583 Stewart Title
Burton Belinda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Santo Raul $465,000
Previous Owner Santo Raul $375,000
Previous Owner Santos Raquel V $345,000
Previous Owner Santo Gabe S $271,768
Previous Owner Santo Gabe S $276,062
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2014 12/12/14 Sold $1,350,000 -5.9% $294 / Sq Ft
12/12/2014 12/12/14 Pending -- -- --
08/08/2014 08/08/14 For Sale $1,435,000 -- $313 / 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 $18,694 $1,622,486 $973,493 $648,993
2024 $18,694 $1,590,673 $954,405 $636,268
2023 $18,586 $1,559,485 $935,692 $623,793
2022 $17,949 $1,528,908 $917,346 $611,562
2021 $17,222 $1,498,930 $899,359 $599,571
2020 $16,544 $1,483,762 $890,138 $593,624
2019 $16,579 $1,454,674 $872,685 $581,989
2018 $16,845 $1,426,156 $855,574 $570,582
2016 $16,232 $1,370,587 $822,352 $548,235
2015 $15,983 $1,350,000 $810,000 $540,000
2014 $5,881 $462,421 $227,645 $234,776
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14170098

California Regional Multiple Listing Service (CRMLS)

APN: 5767-007-011