Seller's Agent in 2020
Stephen Biskup
Sotheby's International Realty
(626) 428-6010
3 in this area
16 Total Sales
624 W Foothill Blvd Monrovia, CA 91016
Estimated Value: $970,000 - $1,310,000
4
Beds
4
Baths
2,200
Sq Ft
$516/Sq Ft
Est. Value
Highlights
- No HOA
- Hiking Trails
- Laundry Room
- Monrovia High School Rated A
- Park
About This Home
As of October 2020I am pleased to exclusively offer for sale this 8 Unit multi-family investment property in the city of Monrovia. It consists of two 4 unit apartment buildings with two separate APN (8505-012-034 & 035) numbers. However, they must be sold together as one property. The both buildings rest on a large approx. 15,000 sq.ft. lot. Each unit is separately metered for electric and gas services and tenants pay their own utilities. Each building has four 1bed/1bath units with a private one car garage for each unit. The property shows pride of the ownership and has been owned by the same family for about 40 years!
The Property is conveniently located close to grocery stores, restaurants, schools, Old Town Monrovia, Metro and a short drive to the 210 and 605 freeways. These 2 fourplexes are primed for any savvy investor for upside potential. Please check with the city regarding requirements. Buyers to do their due diligence.
Last Agent to Sell the Property
Sotheby's International Realty License #01854478 Listed on: 07/06/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,310
Year Built
- Built in 1951
Lot Details
- 7,449 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
Home Design
- 2,200 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Laundry Chute
Listing and Financial Details
- Tenant pays for electricity, gas, water
- Tax Lot 14
- Tax Tract Number 50
- Assessor Parcel Number 8505012035
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Recreation
- Park
- Hiking Trails
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Electric Expense $850
- Insurance Expense $1,754
- Trash Expense $1,680
- Water Sewer Expense $1,595
- New Taxes Expense $13,600
- Operating Expense $5,879
- Gross Income $47,040
- Net Operating Income $39,572
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 6, 2020
Closed on
Sep 22, 2020
Sold by
Kotecha Govind B and Kotecha Saroj G
Bought by
Fertig Peter M and Fertig Virginia L
Seller's Agent
Stephen Biskup
Sotheby's International Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,088,000
Sold Price
$800,000
Premium/Discount to List
-$288,000
-26.47%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,384
Avg. Annual Appreciation
7.63%
Purchase Details
Closed on
Nov 21, 2003
Sold by
Kotecha Govind B and Kotecha Saroj G
Bought by
Kotecha Govind B
Purchase Details
Closed on
Jun 5, 2003
Sold by
Kotecha Govind B and Kotecha Saroj G
Bought by
Kotecha Govind B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
5.53%
Mortgage Type
Stand Alone First
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fertig Peter M | $800,000 | Chicago Title Company | |
| Kotecha Govind B | -- | -- | |
| Kotecha Govind B | -- | Diversified Title & Escrow S |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Kotecha Govind B | $206,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/20/2020 10/20/20 | Sold | $800,000 | -26.5% | $364 / Sq Ft |
| 07/06/2020 07/06/20 | For Sale | $1,088,000 | -- | $495 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,310 | $865,943 | $487,093 | $378,850 |
| 2024 | $12,310 | $848,965 | $477,543 | $371,422 |
| 2023 | $12,038 | $832,320 | $468,180 | $364,140 |
| 2022 | $11,702 | $816,000 | $459,000 | $357,000 |
| 2021 | $11,476 | $800,000 | $450,000 | $350,000 |
| 2019 | $4,123 | $223,910 | $74,629 | $149,281 |
| 2018 | $3,911 | $219,520 | $73,166 | $146,354 |
| 2016 | $3,760 | $210,998 | $70,326 | $140,672 |
| 2015 | $3,688 | $207,829 | $69,270 | $138,559 |
| 2014 | $3,676 | $203,759 | $67,914 | $135,845 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2020
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,776 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PF20131738
APN: 8505-012-035
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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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