NOT LISTED FOR SALE

617 N Sierra Vista St Monterey Park, CA 91755

Estimated Value: $1,047,000 - $1,471,381

4 Beds
3 Baths
1,822 Sq Ft
$705/Sq Ft Est. Value

Last Sold November 30, 2016

Last sale price $935,000 $513 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $7,998/month

44 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Security Fence
  • Garvey (Richard) Intermediate School Rated A-
  • Laundry Room
  • Level Lot

About This Home

As of November 2016

Excellent opportunity on a high rental demand location of Monterey park, walking distance to Mark Keppel High school, bus line, restaurants ... etc close to all. Three individual buildings with 4 car detached garage plus 4 parking space. New exterior paint completely remodeled in 2014 for the back 2 units all new windows. 3 separate gas and electricity meters (inside of garage also has electricity and gas, water hook up). Front unit has 2 bedroom 1 bath, rear duplex both has 1 bedroom and 1 bath. Buyer to buyer's agent to verify all information and details of the property. Drive by only. Subject for interior inspection. Buyer's to cooperate with seller for the 1031 exchange no costs to buyer.

Last Agent to Sell the Property

TAT WONG

Mark III Properties License #01020977 Listed on: 09/01/2016

Last Buyer's Agent

Ally Lao

IRN Realty License #01700735

IRN Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,860

Year Built

  • Built in 1953

Lot Details

  • 9,465 Sq Ft Lot
  • Two or More Common Walls
  • Security Fence
  • Block Wall Fence
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 1,822 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Gas Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5258008055

Community Details

Overview

  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,860

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Zoning: MPR2YY
  • Property Type: Residential Income
  • Parcel Number: 5258008055
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 513.17

Exterior Features

  • Fencing: Block, Security
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup, Inside
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Level with Street
  • Lot Size Sq Ft: 9465.00
  • Price Per Lot Square Foot: 100.16

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2019
Sold by
Lee Patrick Wah and Lao Irene
Bought by
Mp368 Realty Investment Llc
Current Estimated Value
$1,283,845

Purchase Details

Listed on
Sep 1, 2016
Closed on
Nov 17, 2016
Sold by
Thai William and Wong Frances
Bought by
Lee Patrick Wah and Lao Irene
Seller's Agent
TAT WONG
Mark III Properties
Buyer's Agent
Ally Lao
IRN Realty
List Price
$948,000
Sold Price
$935,000
Premium/Discount to List
-$13,000
-1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%
Original Mortgage
$654,500
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 1, 2014
Closed on
Oct 21, 2014
Sold by
Qin Jianhua and Wang Benling
Bought by
Thai William and Wong Frances
Seller's Agent
NANCY L LIANG
Cal Re Properties, Inc.
Buyer's Agent
TAT WONG
Mark III Properties
List Price
$729,888
Sold Price
$765,000
Premium/Discount to List
$35,112
4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.08%
Original Mortgage
$573,750
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2001
Sold by
Tran Ut Quang and Tran Binh Hung
Bought by
Qin Jianhua and Wang Benling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7%
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
Mp368 Realty Investment Llc -- None Available
Lee Patrick Wah $935,000 Western Resources Title
Thai William $765,000 Old Republic Title Company
Qin Jianhua $320,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Patrick Wah $654,500
Previous Owner Thai William $573,750
Previous Owner Qin Jianhua $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2016 11/30/16 Sold $935,000 -1.4% $513 / Sq Ft
10/15/2016 10/15/16 Pending -- -- --
10/05/2016 10/05/16 For Sale $948,000 0.0% $520 / Sq Ft
09/30/2016 09/30/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $948,000 +23.9% $520 / Sq Ft
10/28/2014 10/28/14 Sold $765,000 +4.8% $420 / Sq Ft View Prior Sale
09/17/2014 09/17/14 Pending -- -- --
09/01/2014 09/01/14 For Sale $729,888 -- $401 / 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 $14,860 $1,085,142 $853,028 $232,114
2024 $14,860 $1,063,865 $836,302 $227,563
2023 $14,368 $1,043,005 $819,904 $223,101
2022 $13,721 $1,022,555 $803,828 $218,727
2021 $13,663 $1,002,506 $788,067 $214,439
2020 $13,534 $992,228 $779,987 $212,241
2019 $13,155 $972,774 $764,694 $208,080
2018 $13,009 $953,700 $749,700 $204,000
2016 $10,268 $776,666 $573,616 $203,050
2015 $10,067 $765,000 $565,000 $200,000
2014 $5,427 $385,628 $216,916 $168,712
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS16192671

California Regional Multiple Listing Service (CRMLS)

APN: 5258-008-055