NOT LISTED FOR SALE

621 W Colorado Blvd Monrovia, CA 91016

Estimated Value: $1,119,000 - $1,359,000

4 Beds
2 Baths
1,904 Sq Ft
$656/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $1,050,500 $552 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $8,247/month

10 Days on Market

Highlights

  • Open Floorplan
  • Property is near public transit
  • Private Yard
  • Monrovia High School Rated A
  • Granite Countertops
  • No HOA

About This Home

As of July 2021

This well-maintained duplex is conveniently located in the heart of Monrovia. The two units total 1,904sf on a 7,239sf lot. Both units offer 2 bedrooms and 1 bath. The front unit offers a family and dining area that open to the kitchen with ample cabinets and indoor laundry hookups. In addition, the unit offers central air & heat and a private side yard. The rear unit has been completely updated with a custom kitchen with ample cabinets, granite counters, built in appliances including a dishwasher. The spacious family room offers direct access to the private rear yard. The fully remodeled bathroom features beautiful custom tile work updated fixtures. Additional features include indoor laundry with stackable washer and dryer, updated laminate flooring throughout, updated windows, tankless water heater, custom molding and central air conditioning. The property also boasts a newer roof. Between the units is the oversized two-car garage - each unit also has an additional driveway parking spaces. Gas and electricity are metered separately for each unit. Don’t miss this opportunity to live in one unit and rent the other. Conveniently located to Monrovia HS, the local shops and restaurants.

Last Agent to Sell the Property

Luther Tsinoglou

Compass License #01135433 Listed on: 04/13/2021

Compass

Last Buyer's Agent

Yee San Lisa Leung

Yee San Lisa Leung, BROKER License #01821309

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,834

Year Built

  • Built in 1959

Lot Details

  • 7,239 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Partial Copper Plumbing

Interior Spaces

  • 1,904 Sq Ft Home
  • Open Floorplan
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 27
  • Tax Tract Number 4310
  • Assessor Parcel Number 8505018012

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $11,225
  • Operating Expense $15,725
  • Gross Income $49,400
  • Net Operating Income $33,686

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,834

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: MORM*
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 8505018012
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial, Granite Counters, Open Floorplan
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 551.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Central
  • Laundry Features: In Kitchen, Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Rectangular Lot, Near Public Transit, Yard
  • Lot Size Sq Ft: 7239.00
  • Lot Size Acres: 0.1662

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 952 Square Feet
  • Gross Operating Income: 49400.00
  • Gross Scheduled Income: 50940.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7239.0000 Square Feet
  • Net Operating Income: 33686.00
  • 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: 15725.00
  • Rent Control: Yes
  • Total Actual Rent: 4245.00
  • Total Expenses: 15725.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11225.00
  • Tax Census Tract: 4310.01
  • Tax Lot: 27
  • Tax Tract Number: 4310

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2021
Sold by
Munich Mario Enrique and Gainza Maria Elena
Bought by
Choi Sunghwan Steven and Choi Li Ping
Total Days on Market
10
Current Estimated Value
$1,249,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 5, 2015
Closed on
Jun 17, 2015
Sold by
Munich Mario Enrique and Gainza Elena
Bought by
Pamperito Llc
Seller's Agent
John Pentecost
Century 21 Adams & Barnes
Buyer's Agent
Luther Tsinoglou
Compass
List Price
$645,000
Sold Price
$590,000
Premium/Discount to List
-$55,000
-8.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%

Purchase Details

Listed on
Jan 5, 2015
Closed on
Mar 19, 2015
Sold by
Faderoff Karen Louise and The Helen J Jones Revocable Li
Bought by
Munich Mario Enrique and Gainza Maria Elena
Seller's Agent
John Pentecost
Century 21 Adams & Barnes
Buyer's Agent
Luther Tsinoglou
Compass
List Price
$645,000
Sold Price
$590,000
Premium/Discount to List
-$55,000
-8.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3.73%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Choi Sunghwan Steven $1,050,500 Lawyers Title Company
Munich Mario Enrique -- Lawyers Title Company
Pamperito Llc -- None Available
Munich Mario Enrique $590,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Choi Sunghwan Steven $702,000
Previous Owner Munich Mario Enrique $440,000
Previous Owner Federoff Karen Louise $406,250
Previous Owner Federoff Karen Louise $450,000
Previous Owner Federoff Karen Louise $1,050,000
Previous Owner Federoff Karen Louise $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $1,050,500 +17.0% $552 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $898,000 +52.2% $472 / Sq Ft
05/08/2015 05/08/15 Sold $590,000 -8.5% $310 / Sq Ft
03/23/2015 03/23/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $645,000 -- $339 / 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
2024 $14,834 $1,092,940 $572,740 $520,200
2023 $14,494 $1,071,510 $561,510 $510,000
2022 $14,072 $1,050,500 $550,500 $500,000
2021 $9,062 $655,087 $444,128 $210,959
2020 $8,791 $648,371 $439,575 $208,796
2019 $8,638 $635,658 $430,956 $204,702
2018 $8,386 $623,195 $422,506 $200,689
2016 $8,063 $598,997 $406,100 $192,897
2015 $1,293 $55,229 $14,252 $40,977
2014 $1,296 $54,148 $13,973 $40,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21076924

California Regional Multiple Listing Service (CRMLS)

APN: 8505-018-012