NOT LISTED FOR SALE

609 E Olive Ave Monrovia, CA 91016

Estimated Value: $1,115,000 - $1,360,000

6 Beds
4 Baths
2,032 Sq Ft
$611/Sq Ft Est. Value

Last Sold January 26, 2023

Last sale price $1,160,000 $571 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,861/month

21 Days on Market

Highlights

  • No HOA
  • Back and Front Yard
  • 2-minute walk to Recreation Park
  • Clifton Middle School Rated A-

About This Home

As of January 2023

Two units! Great Opportunity for investor or owner, rent one and live in the other. Additional third unit located in the property without permits.New flooring through-out all three units, fresh interior paint, new kitchen cabinets with quartz counter tops, bathrooms with new cabinets and new quartz counters. Two car garage. Very desirable neighborhood in the city of Monrovia near park, shopping and transportation. Buyer to conduct their own investigation regarding permits, square footage, and room count.

Last Agent to Sell the Property

Jorge Toscano

Coldwell Banker Top Team License #01760415 Listed on: 11/19/2022

Coldwell Banker Top Team

Last Buyer's Agent

Jorge Toscano

Coldwell Banker Top Team License #01760415 Listed on: 11/19/2022

Coldwell Banker Top Team

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 7,914 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • 2,032 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 6209
  • Assessor Parcel Number 8517012018

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8517012018
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 570.87

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 7914.00
  • Lot Size Acres: 0.1817

Multi Family

  • Lot Size Area: 7914.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 06209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2016
Sold by
Sarkissian Zareh
Bought by
Sarkissian Zareh and The Zareh Sarkissian Trust
Current Estimated Value
$1,242,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 12, 2011
Sold by
Sarkissian Zareh
Bought by
Sarkissian Zareh and Zareh Sarkissian Trust

Purchase Details

Closed on
Jun 20, 2003
Sold by
Sarkissian Zareh
Bought by
Sarkissian Zareh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 2002
Sold by
Harper Carolyn
Bought by
Sarkissian Zareh
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sarkissian Zareh -- Accommodation
Sarkissian Zareh -- First American Title
Sarkissian Zareh -- None Available
Sarkissian Zareh -- Chicago Title
Sarkissian Zareh -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Sarkissian Zareh $260,000
Closed Sarkissian Zareh $178,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/26/2023 01/26/23 Sold $1,160,000 -10.0% $571 / Sq Ft
12/10/2022 12/10/22 Pending -- -- --
12/04/2022 12/04/22 Price Changed $1,288,800 0.0% $634 / Sq Ft
12/02/2022 12/02/22 Price Changed $1,288,880 -4.1% $634 / Sq Ft
11/28/2022 11/28/22 Price Changed $1,344,000 -6.9% $661 / Sq Ft
11/19/2022 11/19/22 For Sale $1,444,000 +48.1% $711 / Sq Ft
12/30/2021 12/30/21 Sold $975,000 -0.4% $480 / Sq Ft View Prior Sale
10/30/2021 10/30/21 For Sale $979,000 +0.4% $482 / Sq Ft
10/11/2021 10/11/21 Off Market $975,000 -- --
10/08/2021 10/08/21 For Sale $979,000 -- $482 / 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 $15,980 $1,206,864 $707,472 $499,392
2024 $15,980 $1,183,200 $693,600 $489,600
2023 $13,500 $994,500 $586,500 $408,000
2022 $13,108 $975,000 $575,000 $400,000
2021 $3,952 $251,613 $88,360 $163,253
2019 $3,784 $244,152 $85,740 $158,412
2018 $3,635 $239,365 $84,059 $155,306
2016 $3,487 $230,072 $80,796 $149,276
2015 $3,415 $226,617 $79,583 $147,034
2014 $3,393 $222,179 $78,025 $144,154
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jorge Toscano

    Coldwell Banker Top Team

    (909) 287-2222

    3 in this area

    6 Total Sales

    Jorge Toscano
    Section Image

  • N

    Seller's Agent in 2021

    Nilda Meg

    Target Mortgage

    (626) 484-8884

    1 in this area

    4 Total Sales

    Nilda Meg
    Section Image

  • E

    Buyer's Agent in 2021

    Efrain Lopez

    Target Mortgage

    (626) 636-6900

    1 in this area

    1 Total Sale

    Efrain Lopez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR22244492

California Regional Multiple Listing Service (CRMLS)

APN: 8517-012-018

California Los Angeles County Monrovia 91016

609 E Olive Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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