612 N Garfield Ave Montebello, CA 90640
5
Beds
4
Baths
2,656
Sq Ft
5,574
Sq Ft Lot
Highlights
- No Units Above
- Laundry Room
- Wall Furnace
- No HOA
- 4 Car Garage
- Front Yard
About This Home
As of August 2018For your consideration a well maintained 4 unit building minutes to the 60 freeway and 15 minutes to the L A Civic Center and Cal State Los Angeles. Most community support services and bus service are in close proximity. The property has been well maintained including fresh exterior paint, 1 year new roof, copper plumbing, 4 X 1 car garages, laundry hookups in the 1 bedroom units.
These bread and butter units which are located an outstanding rental area and are great for investor adding to their portfolio or an exceptional buy for up leg on a 1031 exchange. This is also an ideal purchase as an owner/user looking to offset their mortgage while taking advantage of the appreciating market. There is a large potential upside in the rents due to long term tenants over 10 years.
Don't Miss Out, There is Limited Inventory In This Fast Paced Market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,101
Year Built
- Built in 1954
Lot Details
- 5,574 Sq Ft Lot
- No Units Above
- 1 Common Wall
- Front Yard
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- 2,656 Sq Ft Home
- Property Attached
Kitchen
- Gas Cooktop
- Range Hood
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Utilities
- Wall Furnace
- Electricity Not Available
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Tax Lot 19
- Tax Tract Number 15386
- Assessor Parcel Number 5268004008
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $650
- Trash Expense $1,800
- Water Sewer Expense $1,800
- New Taxes Expense $10,000
- Operating Expense $4,800
- Gross Income $4,750
- Net Operating Income $52,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2018
Closed on
Jul 26, 2018
Sold by
Holland Ruth
Bought by
Southern California Teo Chew Association
Seller's Agent
X.C. Bravo
FEDERAL BROKERS
Buyer's Agent
Helen Fann
KO TAI REALTY
List Price
$850,000
Sold Price
$830,000
Premium/Discount to List
-$20,000
-2.35%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,876
Purchase Details
Closed on
May 27, 2015
Sold by
Bravo Xavier C
Bought by
Holland Ruth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 1, 2005
Sold by
Bravo X C
Bought by
Holland Ruth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
5.76%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Aug 19, 2005
Sold by
Cnr Ventures Inc
Bought by
Holland Ruth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
5.76%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Apr 29, 2004
Sold by
Reyes Raul R and Reyes Armida A
Bought by
C N R Ventures Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
5.35%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 10, 1994
Sold by
Reyes Raul Rudy and Reyes Armida A
Bought by
The Reyes Family Trust
Similar Homes in Montebello, CA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $830,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Southland Title | |
| Grant Deed | -- | Southland Title | |
| Grant Deed | $400,000 | Ticor Title Company | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $157,895 | Unknown | |
| Previous Owner | $546,000 | New Conventional | |
| Previous Owner | $105,263 | Unknown | |
| Previous Owner | $425,000 | New Conventional | |
| Previous Owner | $103,093 | Unknown | |
| Previous Owner | $106,316 | Unknown | |
| Previous Owner | $470,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $470,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $335,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/23/2019 02/23/19 | Rented | $1,350 | -1.8% | -- |
| 01/17/2019 01/17/19 | Off Market | $1,375 | -- | -- |
| 01/08/2019 01/08/19 | For Rent | $1,375 | 0.0% | -- |
| 08/16/2018 08/16/18 | Sold | $830,000 | -0.6% | $313 / Sq Ft |
| 07/26/2018 07/26/18 | Pending | -- | -- | -- |
| 06/26/2018 06/26/18 | Price Changed | $835,000 | -1.8% | $314 / Sq Ft |
| 05/10/2018 05/10/18 | For Sale | $850,000 | -- | $320 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,101 | $925,875 | $555,526 | $370,349 |
| 2024 | $13,101 | $907,722 | $544,634 | $363,088 |
| 2023 | $13,088 | $889,924 | $533,955 | $355,969 |
| 2022 | $12,653 | $872,476 | $523,486 | $348,990 |
| 2021 | $12,233 | $855,370 | $513,222 | $342,148 |
| 2020 | $12,138 | $846,600 | $507,960 | $338,640 |
| 2019 | $11,766 | $830,000 | $498,000 | $332,000 |
| 2018 | $7,605 | $499,816 | $281,146 | $218,670 |
| 2016 | $7,261 | $480,410 | $270,230 | $210,180 |
| 2015 | $6,865 | $473,194 | $266,171 | $207,023 |
| 2014 | $6,782 | $463,926 | $260,958 | $202,968 |
Source: Public Records
Agents Affiliated with this Home
-
H
Seller's Agent in 2019
Helen Fann
KO TAI REALTY
(626) 374-8887
16 Total Sales
-
X
Seller's Agent in 2018
X.C. Bravo
FEDERAL BROKERS
(323) 855-5448
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV18110201
APN: 5268-004-008
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