NOT LISTED FOR SALE

601 E Olive Ave Monrovia, CA 91016

Estimated Value: $1,036,536 - $1,165,000

4 Beds
2 Baths
1,649 Sq Ft
$669/Sq Ft Est. Value

Last Sold January 28, 2014

Last sale price $535,000 $324 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $6,541/month

4 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Laundry Room
  • Clifton Middle School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 2-minute walk to Recreation Park

About This Home

As of January 2014

Very desirable area in Monrovia. Front unit is vacant. It has new carpet and new paint. Long driveway. Lots of fruit trees. Rear unit is long term tenant occupied. Rear tenant has own entrance with its own parking area. Front unit has never been rented out. It's been always occupied by Seller.
Sellers are very motivated. Show it today and submit your offer.

Last Agent to Sell the Property

SOCORRO MALDONADO

KPM INVESTMENT ENTERPRISES INC License #01309880 Listed on: 12/16/2013

Last Buyer's Agent

Christine Huang

HOMEGROWN WEALTH INC. License #00958544

HOMEGROWN WEALTH INC.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 8,551 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • 1 Carport Space
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 1,649 Sq Ft Home
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 6
  • Tax Tract Number 2
  • Assessor Parcel Number 8517012006

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $700
  • New Taxes Expense $1,518
  • Net Operating Income $8,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 8517012006
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 324.44
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8551.00
  • Lot Size Acres: 0.1960

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Scheduled Income: 10800.00
  • Insurance Expense: 700.00
  • Lot Size Area: 8551.0000 Square Feet
  • Net Operating Income: 8300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2218.00
  • Rent Control: No
  • Total Actual Rent: 10800.00

Tax Info

  • New Taxes Expense: 1518.00
  • Tax Lot: 6
  • Tax Tract Number: 2
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2013
Closed on
Dec 30, 2013
Sold by
Ou Jung Chi
Bought by
Chen Shwu Jen Ou
Seller's Agent
SOCORRO MALDONADO
KPM INVESTMENT ENTERPRISES INC
Buyer's Agent
Christine Huang
HOMEGROWN WEALTH INC.
List Price
$535,000
Sold Price
$535,000
Current Estimated Value
$1,103,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$568,884
Avg. Annual Appreciation
6.26%

Purchase Details

Listed on
Dec 16, 2013
Closed on
Dec 27, 2013
Sold by
Nava Raul M and Chavira Graciela Acevedo
Bought by
Chen Shwu Jen Ou
Seller's Agent
SOCORRO MALDONADO
KPM INVESTMENT ENTERPRISES INC
Buyer's Agent
Christine Huang
HOMEGROWN WEALTH INC.
List Price
$535,000
Sold Price
$535,000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chen Shwu Jen Ou -- North American Title Company
Chen Shwu Jen Ou $535,000 North American Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2014 01/28/14 Sold $535,000 0.0% $324 / Sq Ft
12/20/2013 12/20/13 Pending -- -- --
12/16/2013 12/16/13 For Sale $535,000 -- $324 / 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 $9,097 $655,823 $514,856 $140,967
2024 $9,097 $642,964 $504,761 $138,203
2023 $8,893 $630,358 $494,864 $135,494
2022 $8,641 $617,999 $485,161 $132,838
2021 $8,474 $605,883 $475,649 $130,234
2020 $8,223 $599,671 $470,772 $128,899
2019 $8,081 $587,914 $461,542 $126,372
2018 $7,797 $576,388 $452,493 $123,895
2016 $7,412 $554,008 $434,923 $119,085
2015 $7,251 $545,688 $428,391 $117,297
2014 $1,527 $80,063 $37,678 $42,385
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    SOCORRO MALDONADO

    KPM INVESTMENT ENTERPRISES INC

    (626) 653-2160

    47 Total Sales

    SOCORRO MALDONADO
    Section Image

  • C

    Buyer's Agent in 2014

    Christine Huang

    HOMEGROWN WEALTH INC.

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13248835

California Regional Multiple Listing Service (CRMLS)

APN: 8517-012-006

California Los Angeles County Monrovia 91016

601 E Olive Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes