NOT LISTED FOR SALE

622 W Graves Ave Monterey Park, CA 91754

Estimated Value: $862,693 - $1,065,000

3 Beds
2 Baths
1,407 Sq Ft
$699/Sq Ft Est. Value

Last Sold June 15, 2012

Last sale price $331,000 $235 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $5,716/month

38 Days on Market

Highlights

  • No HOA
  • Shed
  • Back Yard
  • Brightwood Elementary School Rated A
  • Fenced

About This Home

As of June 2012

Duplex Property. Investors delight. Brightwood and Mark Keppel Schools (Buyer to verify). Excellent & centrally located in the heart of Monterey Park. Front unit (#622) has 1 bedroom and 1 bath; Rear unit (#624) has 2 bedrooms and 1 bath. 9,180sf all flat lot (60'X153'). There are 2 separate electrical meters and gas meters on the property. Very convenient location to markets, shopping stores, restaurants, parks and schools. Fixer upper, property best for rebuild leaving one wall, selling as land value. Trust sale-No court confirmation needed. Price Reduced on 3/8/2012.

Last Agent to Sell the Property

John Man

ManRealty.com License #01388408 Listed on: 02/16/2012

Last Buyer's Agent

Jason Chen

GOLDEN TREELINE INV., INC License #01708374

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,855

Year Built

  • Built in 1924

Lot Details

  • 9,178 Sq Ft Lot
  • Fenced
  • Back Yard

Home Design

  • 1,407 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Driveway

Outdoor Features

  • Shed

Listing and Financial Details

  • Tax Lot 157
  • Tax Tract Number 7287
  • Assessor Parcel Number 5262005015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,855

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: Yes
  • Security: Window Bars
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 5262005015
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Levels: One
  • Price Per Square Foot: 235.25

Exterior Features

  • Other Structures: Shed(s)
  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9178.00
  • Lot Size Acres: 0.2100

Multi Family

  • Lot Size Area: 9178.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 157
  • Tax Tract Number: 7287

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2012
Closed on
Jun 12, 2012
Sold by
Ong Alice Liping
Bought by
Gu Lindi
Seller's Agent
John Man
ManRealty.com
Buyer's Agent
Jason Chen
GOLDEN TREELINE INV., INC
List Price
$388,000
Sold Price
$331,000
Premium/Discount to List
-$57,000
-14.69%
Current Estimated Value
$982,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$651,923
Avg. Annual Appreciation
8.47%
Original Mortgage
$115,000
Outstanding Balance
$79,549
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$903,374

Purchase Details

Listed on
Feb 16, 2012
Closed on
Jun 6, 2012
Sold by
Lung Paul
Bought by
Gu Lindi
Seller's Agent
John Man
ManRealty.com
Buyer's Agent
Jason Chen
GOLDEN TREELINE INV., INC
List Price
$388,000
Sold Price
$331,000
Premium/Discount to List
-$57,000
-14.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Outstanding Balance
$79,549
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$903,374

Purchase Details

Closed on
Dec 1, 2010
Sold by
Lisa K Ong Revocable Living Trust
Bought by
Ong Alice Liping

Purchase Details

Closed on
Jul 29, 2008
Sold by
Ong Lisa and Ong Lisa K
Bought by
Ong Lisa K

Purchase Details

Closed on
Aug 27, 1998
Sold by
Chandler Floyd
Bought by
Chandler Caryle M

Purchase Details

Closed on
Aug 13, 1998
Sold by
Chandler Caryle M and Chandler Gary O
Bought by
Ong Lisa
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
Gu Lindi $331,000 Pacific Coast Title
Gu Lindi -- Pacific Coast Title
Ong Alice Liping -- None Available
Ong Lisa K -- None Available
Chandler Caryle M -- Chicago Title
Ong Lisa $135,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gu Lindi $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2012 06/15/12 Sold $331,000 -14.7% $235 / Sq Ft
03/25/2012 03/25/12 Pending -- -- --
02/16/2012 02/16/12 For Sale $388,000 -- $276 / 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 $6,855 $508,249 $251,206 $257,043
2024 $6,855 $498,284 $246,281 $252,003
2023 $6,747 $488,514 $241,452 $247,062
2022 $6,436 $478,936 $236,718 $242,218
2021 $5,350 $393,762 $232,077 $161,685
2019 $5,005 $372,695 $225,195 $147,500
2018 $5,004 $365,388 $220,780 $144,608
2016 $4,660 $351,201 $212,207 $138,994
2015 $4,589 $345,927 $209,020 $136,907
2014 $4,536 $339,152 $204,926 $134,226
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    John Man

    ManRealty.com

    Section Image

  • J

    Buyer's Agent in 2012

    Jason Chen

    GOLDEN TREELINE INV., INC

    (626) 205-0800

    2 Total Sales

    Jason Chen
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A12021312

California Regional Multiple Listing Service (CRMLS)

APN: 5262-005-015

California Los Angeles County Monterey Park 91754

622 W Graves Ave, Monterey Park, CA

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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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