NOT LISTED FOR SALE

603 N Rockvale Ave Azusa, CA 91702

Estimated Value: $926,000 - $1,118,000

6 Beds
6 Baths
3,554 Sq Ft
$276/Sq Ft Est. Value

Last Sold November 13, 2023

Last sale price $850,000 $239 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,474/month

34 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Living Room
  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • 4 Attached Carport Spaces

About This Home

As of November 2023

Great Investment opportunity! 3554 Sq Ft 4Plex on a 7400+ sq ft Lot. Built in 1963. Painted outside in 2011
These 4 units are 2 units Townhouse style with Kitchen, Living room and 1/2 bath downstairs and 2 bedrooms/1 full bath upstairs. One of those units units was completely updated in 2014, New cabinets in the kitchen, granite counter tops, laminate wood flooring, bathroom updated and the popcorn ceiling was removed and the unit was painted. Both of these units have a shared backyard area with block walls. The Block walls were put in 2016 as well as outside lighting. The 2 upper units are each 1 bd /1 bath with Balconies and Mountain Views off to the left. One of these units was completely updated in 2018, with laminate wood flooring, popcorn ceiling removed, painted kitchen cabinets and Gas Range with Microwave.
The current owner has had the property nearly 30 years!
All units come with a carport. There is an area for coin op Laundry downstairs(currently no machines) This property is within walking distance, just blocks, to Azusa Pacific University and many restaurants, shopping, Starbucks and the revamping of Route 66! Hiking in Azusa Canyon is something else to do in this Majestic Mountain Canyon City!

Last Agent to Sell the Property

Richelle Redivo

First Team Real Estate License #01714308 Listed on: 09/01/2023

First Team Real Estate

Last Buyer's Agent

MANUEL REYES

First Family Homes License #01351557

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,485

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • 7,419 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Corner Lot
  • Density is 2-5 Units/Acre

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Quadruplex
  • Flat Roof Shape

Interior Spaces

  • 6 Bedrooms
  • 3,554 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laminate Flooring

Kitchen

  • Gas Range
  • Microwave
  • Disposal

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available

Location

  • Suburban Location

Utilities

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

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 21
  • Tax Tract Number 27346
  • Assessor Parcel Number 8612001030
  • $985 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Gardener Expense $1,440
  • Insurance Expense $1,500
  • Maintenance Expense $700
  • Trash Expense $2,175
  • Water Sewer Expense $500
  • New Taxes Expense $16,923
  • Operating Expense $7,015
  • Gross Income $63,900
  • Net Operating Income $51,985

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,485

Year Built

Built in 1963 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 247000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: AZR3C1200*
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 8612001030
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Entry Location: ground
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 2
  • Levels: One, Two
  • Price Per Square Foot: 239.17
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Appliances: Disposal, Gas Range, Microwave
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2175.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 7419.00
  • Lot Size Acres: 0.1703

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 577 Square Feet
  • Average2 Bed Area: 1200 Square Feet
  • Electric Expense: 400.00
  • Gross Income: 63900.00
  • Gross Scheduled Income: 63900.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7419.0000 Square Feet
  • Maintenance Expense: 700.00
  • Net Operating Income: 51985.00
  • 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
  • Number Wall A C: 4
  • Number With Disposal: 4
  • Number With Range: 2
  • Operating Expense: 11915.00
  • Rent Control: No
  • Total Actual Rent: 5325.00
  • Total Expenses: 7015.00

Tax Info

  • New Taxes Expense: 16923.00
  • Tax Area: 13546
  • Tax Census Tract: 4042.01
  • Tax Lot: 21
  • Tax Rate: 1.44
  • Tax Tract Number: 27346
  • TaxOtherAnnualAssessmentAmount: 985.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
Oct 13, 2023
Sold by
Mera Marie
Bought by
Diaz Investments Llc
Seller's Agent
Richelle Redivo
First Team Real Estate
Buyer's Agent
MANUEL REYES
First Family Homes
List Price
$1,175,000
Sold Price
$850,000
Premium/Discount to List
-$325,000
-27.66%
Views
34
Current Estimated Value
$981,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,808
Avg. Annual Appreciation
7.93%

Purchase Details

Closed on
Apr 6, 1994
Sold by
Stalker Michael R and Stalker Colleen
Bought by
Mera Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
7.12%
Source: Public Records

Range of Values:

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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
Diaz Investments Llc $850,000 Chicago Title Company
Mera Marie $212,500 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mera Marie $450,000
Previous Owner Mera Marie $420,800
Previous Owner Mera Marie $429,000
Previous Owner Mera Marie $393,000
Previous Owner Mera Marie $386,250
Previous Owner Mera Marie $320,000
Previous Owner Mera Marie F $196,000
Previous Owner Mera Marie $191,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2023 11/13/23 Sold $850,000 -14.0% $239 / Sq Ft
10/05/2023 10/05/23 Pending -- -- --
09/17/2023 09/17/23 Price Changed $988,000 -15.9% $278 / Sq Ft
09/01/2023 09/01/23 For Sale $1,175,000 -- $331 / 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 $13,485 $1,101,600 $693,600 $408,000
2024 $13,485 $1,080,000 $680,000 $400,000
2023 $4,964 $347,131 $114,347 $232,784
2022 $4,901 $340,325 $112,105 $228,220
2021 $4,769 $333,653 $109,907 $223,746
2019 $4,620 $323,759 $106,649 $217,110
2018 $4,386 $317,411 $104,558 $212,853
2016 $4,193 $305,088 $100,499 $204,589
2015 $4,142 $300,506 $98,990 $201,516
2014 $3,913 $294,620 $97,051 $197,569
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23163956

California Regional Multiple Listing Service (CRMLS)

APN: 8612-001-030