NOT LISTED FOR SALE

618 Glenfinnan Ave Azusa, CA 91702

Estimated Value: $1,010,000 - $1,175,000

7 Beds
7 Baths
3,762 Sq Ft
$297/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $1,000,000 $266 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,182/month

33 Days on Market

Highlights

  • City Lights View
  • Granite Countertops
  • Cooling System Mounted To A Wall/Window
  • Fireplace in Bathroom
  • No HOA
  • Living Room

About This Home

As of June 2023

Prime location of City of Azusa! Great Opportunity to own 4 units multi-family building. Perfect mixed of 1 x One Bedroom with one Bath and 3 x Two Bedroom with 2 Bath. Walking distance to restaurants, schools, shopping centers. All units are occupied and rents are below market. Easy 30% upside to the new owner. All tenants are Month to Month. Great investment and an opportunity to live in one of them. Priced to SELL!

Last Agent to Sell the Property

Eddie Li

IRES Partners Inc. License #02007748 Listed on: 04/21/2023

Last Buyer's Agent

David Montoya

FM Realtors License #02115691

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $13,080

Year Built

  • Built in 1963

Lot Details

  • 6,005 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Density is 2-5 Units/Acre

Interior Spaces

  • 3,762 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Laminate Flooring
  • City Lights Views
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas Range
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms
  • Fireplace in Bathroom

Parking

  • Attached Carport
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 34
  • Tax Tract Number 27346
  • Assessor Parcel Number 8612001100
  • $977 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • Electric Expense $1,200
  • Insurance Expense $1,450
  • Maintenance Expense $3,452
  • Other Expense $985
  • Pest Control $60
  • Professional Management Expense $3,112
  • Trash Expense $2,940
  • New Taxes Expense $15,120
  • Operating Expense $28,234
  • Gross Income $62,250
  • Net Operating Income $36,955

Property Details

Home Type

Apartment

Est. Annual Taxes

$13,080

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 300000
  • Professional Management Expense: 3112.40
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Smoke Detector(s)
  • View: Yes
  • Zoning: AZR3C1200*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8612001100
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Bath
  • Levels: Two
  • Price Per Square Foot: 265.82
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: City Lights
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Attached Carport

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal, Gas Oven, Gas Range
  • Electric: Standard
  • Heating Type: Electric
  • Pest Control Expense: 60.00
  • Sewer: Public Sewer
  • Trash Expense: 2940.00
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6005.00
  • Lot Size Acres: 0.1379

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 873 Square Feet
  • Average2 Bed Area: 963 Square Feet
  • Electric Expense: 1200.00
  • Gross Income: 62249.70
  • Gross Scheduled Income: 62250.00
  • Insurance Expense: 1450.00
  • Lot Size Area: 6005.0000 Square Feet
  • Maintenance Expense: 3451.80
  • Net Operating Income: 36955.38
  • Number Of Separate Electric Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 25294.30
  • Other Expense: 984.72
  • Other Expense Description: Sp Asses
  • Rent Control: No
  • Total Actual Rent: 5188.00
  • Total Expenses: 28234.38

Tax Info

  • New Taxes Expense: 15120.00
  • Tax Census Tract: 4042.01
  • Tax Lot: 34
  • Tax Tract Number: 27346
  • TaxOtherAnnualAssessmentAmount: 977.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
May 30, 2023
Sold by
Stockpile Property Ventures Ll
Bought by
Maple Capital Investment Llc
Seller's Agent
Eddie Li
IRES Partners Inc.
Buyer's Agent
David Montoya
FM Realtors
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%
Views
43
Current Estimated Value
$1,118,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,032
Avg. Annual Appreciation
4.62%

Purchase Details

Listed on
Apr 21, 2023
Closed on
May 24, 2023
Sold by
Eg 618 Glenfinnan Ave Llc
Bought by
Stockpile Property Ventures Ll
Seller's Agent
Eddie Li
IRES Partners Inc.
Buyer's Agent
David Montoya
FM Realtors
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%
Views
43

Purchase Details

Closed on
Oct 30, 2021
Sold by
Eg 618 Glenfinnan Ave Llc
Bought by
Pan John Chiahung and Chen Hsueh Tien

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2021
Sold by
Pan John Chiahung and Chen Hsueh Tien
Bought by
Eg 618 Glenfinnan Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2017
Sold by
Chen Hsueh Tien and Pan John Chiahung
Bought by
Eg 618 Glenfinnan Ave

Purchase Details

Closed on
Aug 20, 2014
Sold by
Chen Hsueh Tien and Liu Kuei Chen
Bought by
Chen Hsueh Tien and Pan John Chiahung

Purchase Details

Listed on
Oct 21, 2013
Closed on
Dec 12, 2013
Sold by
Ramirez Gilbert R and The Gilbert R Ramirez Family T
Bought by
Chen Hsueh Tien and Liu Kuei Chen
Seller's Agent
Richard Reyes
The R.R. Network
Buyer's Agent
Louisa Wu
EASTAR REALTY
List Price
$499,888
Sold Price
$555,000
Premium/Discount to List
$55,112
11.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.07%

Purchase Details

Listed on
Oct 21, 2013
Closed on
Nov 18, 2013
Sold by
Liu Mi May
Bought by
Chen Hsueh Tien
Seller's Agent
Richard Reyes
The R.R. Network
Buyer's Agent
Louisa Wu
EASTAR REALTY
List Price
$499,888
Sold Price
$555,000
Premium/Discount to List
$55,112
11.02%

Purchase Details

Closed on
Jul 26, 2012
Sold by
Ramirez Gilbert R
Bought by
Ramirez Gilbert R and The Gilbert R Ramirez Family T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2007
Sold by
Ramirez Gilbert R
Bought by
Ramirez Gilbert R and The Gilbert R Ramirez Family T

Purchase Details

Closed on
Sep 1, 2004
Sold by
Myint Maung
Bought by
Ramirez Gilbert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2004
Sold by
Ramirez Beatrice
Bought by
Ramirez Gilbert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2004
Sold by
Ramos Selso and Ramos Andrea
Bought by
Myint Maung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 1998
Sold by
Monrow Jimmie T and Monroe Hazel L
Bought by
Ramos Selso and Ramos Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,340
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 5, 1996
Sold by
Grimes Thomas A and Grimes Millicent A
Bought by
Monroe Jimmie T and Monroe Hazel T
Source: Public Records

Range of Values:

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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
Maple Capital Investment Llc $1,025,000 Lawyers Title
Stockpile Property Ventures Ll $1,000,000 Lawyers Title
Pan John Chiahung -- Clearmark Title
Eg 618 Glenfinnan Ave Llc -- Accommodation
Pan John Chiahung -- Clearmark Title
Chen Hsueh Tien -- Clearmark Title
Eg 618 Glenfinnan Ave -- Accommodation
Chen Hsueh Tien -- None Available
Chen Hsueh Tien $555,000 Chicago Title
Liu Kuei Chen -- Chicago Title
Chen Hsueh Tien -- Chicago Title
Ramirez Gilbert R -- Chicago Title Company
Ramirez Gilbert R -- Chicago Title Company
Ramirez Gilbert R -- None Available
Ramirez Gilbert R $560,000 Southland Title Corporation
Ramirez Gilbert R -- Southland Title Corporation
Myint Maung $505,000 Southland Title
Myint Maung -- Southland Title
Ramos Selso $182,000 --
Monroe Jimmie T -- Northern Counties Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maple Capital Investment Llc $500,000
Previous Owner Pan John Chiahung $548,000
Previous Owner Chen Hsueh Tien $405,000
Previous Owner Ramirez Gilbert R $277,000
Previous Owner Ramirez Gilbert R $180,000
Previous Owner Myint Maung $404,000
Previous Owner Ramos Selso $256,200
Previous Owner Ramos Selso $154,000
Previous Owner Ramos Selso $177,028
Previous Owner Ramos Selso $177,340
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2023 06/09/23 Sold $1,000,000 0.0% $266 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/13/2023 05/13/23 Off Market $1,000,000 -- --
04/21/2023 04/21/23 For Sale $1,200,000 +116.2% $319 / Sq Ft
12/19/2013 12/19/13 Sold $555,000 +11.0% $149 / Sq Ft
11/09/2013 11/09/13 Pending -- -- --
10/21/2013 10/21/13 For Sale $499,888 -- $134 / 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 $13,080 $1,066,410 $416,160 $650,250
2024 $13,080 $1,045,500 $408,000 $637,500
2023 $10,992 $875,679 $350,271 $525,408
2022 $10,858 $858,509 $343,403 $515,106
2021 $10,577 $841,676 $336,670 $505,006
2019 $10,228 $816,713 $326,685 $490,028
2018 $9,815 $800,700 $320,280 $480,420
2016 $7,239 $574,720 $310,660 $264,060
2015 $7,150 $566,088 $305,994 $260,094
2014 $6,697 $555,000 $300,000 $255,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23067723

California Regional Multiple Listing Service (CRMLS)

APN: 8612-001-100