NOT LISTED FOR SALE

620 E Foothill Blvd Monrovia, CA 91016

Estimated Value: $1,549,000 - $2,220,141

10 Beds
4 Baths
4,132 Sq Ft
$444/Sq Ft Est. Value

Last Sold July 31, 2013

Last sale price $1,068,750 $259 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $11,088/month

35 Days on Market

Highlights

  • Mountain View
  • Private Yard
  • Double Pane Windows
  • Clifton Middle School Rated A-
  • No HOA
  • Built-In Features

About This Home

As of July 2013

Priced to sell. Large fourplex in great rental location in Monrovia. 2 - two bedroom units and 2 - three bedroom units. Walk to downtown. New roof and exterior paint. Newer dual glazed vinyl windows in front and back of complex. Two bedroom units have been recently updated one with granite, new tile, updated baths, crown molding, paint and carpet. Attached two car garage with extra parking behind plus two space carport - total of six spots. Three BR tenants have been there 7 years plus. All tenants are on month to month contracts.
All units have forced air heat and wall a/c. Washer hookup in each unit.
Rents could be easily raised to $73,000 per year.
Same owner for 20 years.

Last Agent to Sell the Property

Jeff Stokes

Berkshire Hathaway HomeService License #00853601 Listed on: 05/13/2013

Berkshire Hathaway HomeService

Co-Listed By

Jim Younessi

Coldwell Banker Realty License #00708839

Last Buyer's Agent

Jon Sutherlin

Corcoran Global Living License #01153183

Corcoran Global Living

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 6,496 Sq Ft Lot
  • Lot Dimensions are 50 x 130
  • Property fronts an alley
  • No Common Walls
  • Chain Link Fence
  • Redwood Fence
  • Fence is in good condition
  • Level Lot
  • Front and Side Yard Sprinklers
  • Private Yard

Parking

  • 2 Car Garage
  • 2 Detached Carport Spaces
  • Parking Available
  • Single Garage Door
  • Garage Door Opener
  • Driveway
  • RV Potential
  • Assigned Parking

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 4,132 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Double Pane Windows
  • Living Room
  • Mountain Views
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • 220 Volts in Kitchen
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance
  • Legal Lot and Block 3 / A
  • Tax Tract Number 4310
  • Assessor Parcel Number 8517002012

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $378
  • Gardener Expense $960
  • Insurance Expense $1,280
  • Trash Expense $1,644
  • Water Sewer Expense $1,700
  • New Taxes Expense $12,250
  • Gross Income $5,640
  • Net Operating Income $49,468

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 4.60
  • Inclusions: Cooktops, ovens
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1700.00
  • Well Report: No
  • Zoning: RH
  • Architectural Style: Ranch
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 8517002012
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 258.65
  • Room Type: Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting
  • View: Mountain(s)
  • Fencing: Chain Link, Good Condition, Redwood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Brick, Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport, Concrete, Driveway, Garage, Garage Door Opener, RV Potential, Garage - Single Door
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue
  • Electric: 220 Volts in Kitchen
  • Heating Type: Forced Air
  • Laundry Features: Electric Dryer Hookup, In Kitchen, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 1644.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Level, Lot 6500-9999, Sprinklers In Front, Sprinklers On Side, Sprinkler System, Yard
  • Lot Size: 50 X 130
  • Lot Size Sq Ft: 6496.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance

Multi Family

  • Average2 Bed Area: 960
  • Average3 Bed Area: 1100
  • Electric Expense: 378.00
  • Gross Income: 5640.00
  • Gross Multiplier: 15.88
  • Gross Scheduled Income: 67680.00
  • Gross Spendable Income: 49468.00
  • Insurance Expense: 1280.00
  • Lot Size Area: 6496.0000 Square Feet
  • Net Operating Income: 49468.00
  • 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 With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Rent Control: No
  • Total Actual Rent: 5590.00

Tax Info

  • New Taxes Expense: 12250.00
  • Tax Block: A
  • Tax Lot: 3
  • Tax Tract Number: 4310
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2013
Closed on
Jun 20, 2013
Sold by
Stokes Jeffrey M
Bought by
Jm Kendall Llc
Seller's Agent
Jeff Stokes
Berkshire Hathaway HomeService
Buyer's Agent
Jon Sutherlin
Corcoran Global Living
List Price
$1,198,000
Sold Price
$1,068,750
Premium/Discount to List
-$129,250
-10.79%
Current Estimated Value
$1,836,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$767,285
Avg. Annual Appreciation
4.45%

Purchase Details

Closed on
Sep 9, 2004
Sold by
Stokes Kimberly
Bought by
Stokes Jeffrey M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
4.35%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jm Kendall Llc $1,069,000 Equity Title Co
Stokes Jeffrey M -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stokes Jeffrey M $490,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2013 07/31/13 Sold $1,068,750 -10.8% $259 / Sq Ft
06/17/2013 06/17/13 Pending -- -- --
05/13/2013 05/13/13 For Sale $1,198,000 -- $290 / 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 $17,956 $1,310,132 $735,512 $574,620
2024 $17,956 $1,284,444 $721,091 $563,353
2023 $17,552 $1,259,259 $706,952 $552,307
2022 $17,050 $1,234,569 $693,091 $541,478
2021 $16,710 $1,210,362 $679,501 $530,861
2019 $15,924 $1,174,464 $659,348 $515,116
2018 $15,573 $1,151,436 $646,420 $505,016
2016 $14,967 $1,106,726 $621,320 $485,406
2015 $14,643 $1,090,103 $611,988 $478,115
2014 $14,500 $1,068,750 $600,000 $468,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13089114

California Regional Multiple Listing Service (CRMLS)

APN: 8517-002-012