NOT LISTED FOR SALE

620 Russell Ave Monterey Park, CA 91755

Estimated Value: $987,000 - $1,180,000

2 Beds
2 Baths
2,020 Sq Ft
$547/Sq Ft Est. Value

Last Sold June 26, 2023

Last sale price $929,000 $460 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,056/month

18 Days on Market

Highlights

  • View of Hills
  • Laundry Room
  • 1-Story Property
  • Repetto Elementary School Rated A-

About This Home

As of June 2023

This Fixer Upper Two Units is located in a great Monterey Park neighborhood and is nearby many shops, Restaurants, Supermarkets & good schools. Property features Two large one bedroom, one bathroom units & a two car garage shared by tenants. Perfect investment opportunity for owner user,
Investor or developer. The Property to be sold in its current "As Is" "where is" condition.

Last Agent to Sell the Property

Janine Lee

KO TAI REALTY License #00918031 Listed on: 06/02/2023

KO TAI REALTY

Last Buyer's Agent

Deric Sun

KO TAI REALTY License #00852551

KO TAI REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,599

Year Built

  • Built in 1949

Lot Details

  • 7,610 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Duplex
  • Fixer Upper

Interior Spaces

  • 2,020 Sq Ft Home
  • 1-Story Property
  • Views of Hills
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 3 / 2
  • Tax Tract Number 4461
  • Assessor Parcel Number 5260003005

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Fuel Expense $500
  • Insurance Expense $1,040
  • Maintenance Expense $660
  • Trash Expense $500
  • Water Sewer Expense $1,399
  • Operating Expense $10,611
  • Gross Income $32,200
  • Net Operating Income $21,589

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,599

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 375000
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1399.00
  • Zoning: MPR2YY
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5260003005
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 459.90
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Hills
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Unknown
  • Trash Expense: 500.00
  • Water Source: Other

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7610.00
  • Lot Size Acres: 0.1747

Multi Family

  • Electric Expense: 500.00
  • Fuel Expense: 500.00
  • Gross Income: 32200.00
  • Gross Scheduled Income: 32200.00
  • Insurance Expense: 1040.00
  • Lot Size Area: 7610.0000 Square Feet
  • Maintenance Expense: 660.00
  • Net Operating Income: 21589.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 10611.00
  • Rent Control: No
  • Total Actual Rent: 2850.00
  • Total Expenses: 10611.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 4826.00
  • Tax Lot: 3
  • Tax Tract Number: 4461

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2023
Closed on
Jun 21, 2023
Sold by
Chen Yi-Min
Bought by
620 Russell Avenue Llc
Seller's Agent
Janine Lee
KO TAI REALTY
Buyer's Agent
Deric Sun
KO TAI REALTY
List Price
$750,000
Sold Price
$929,000
Premium/Discount to List
$179,000
23.87%
Views
22
Current Estimated Value
$1,104,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,319
Avg. Annual Appreciation
5.45%

Purchase Details

Closed on
Sep 29, 2017
Sold by
Chen Mei Ling
Bought by
Chen Yi Min
Source: Public Records

Range of Values:

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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
620 Russell Avenue Llc $929,000 Lawyers Title Company
Chen Yi Min -- Accommodation
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2023 06/26/23 Sold $929,000 +23.9% $460 / Sq Ft
06/21/2023 06/21/23 For Sale $750,000 -19.3% $371 / Sq Ft
06/20/2023 06/20/23 Pending -- -- --
06/07/2023 06/07/23 Off Market $929,000 -- --
06/02/2023 06/02/23 For Sale $750,000 -- $371 / 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 $12,599 $966,531 $654,411 $312,120
2024 $12,599 $947,580 $641,580 $306,000
2023 $4,118 $277,504 $110,996 $166,508
2022 $3,938 $272,064 $108,820 $163,244
2021 $3,882 $266,731 $106,687 $160,044
2020 $3,861 $263,997 $105,594 $158,403
2019 $3,754 $258,822 $103,524 $155,298
2018 $3,655 $253,748 $101,495 $152,253
2016 $3,412 $243,896 $97,554 $146,342
2015 $3,359 $240,233 $96,089 $144,144
2014 $3,325 $235,528 $94,207 $141,321
Source: Public Records

Agents Affiliated with this Home

  • Janine Lee

    Seller's Agent in 2023

    Janine Lee

    KO TAI REALTY

    (626) 251-3389

    2 in this area

    28 Total Sales

    Janine Lee
    Section Image

  • D

    Buyer's Agent in 2023

    Deric Sun

    KO TAI REALTY

    (626) 237-2178

    1 in this area

    7 Total Sales

    Deric Sun
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23095546

California Regional Multiple Listing Service (CRMLS)

APN: 5260-003-005

California Los Angeles County Monterey Park 91755

620 Russell Ave, Monterey Park, CA

This home is located at 620 Russell Ave, Monterey Park, CA 91755 since 02 June 2023 and is currently estimated at $1,104,319, approximately $546 per square foot. This property was built in 1949. 620 Russell Ave is a home located in Los Angeles County with nearby schools including Repetto Elementary School, Mark Keppel High School, and St. Stephen Martyr School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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