NOT LISTED FOR SALE

624 W Foothill Blvd Monrovia, CA 91016

Estimated Value: $1,038,000 - $2,339,000

4 Beds
4 Baths
2,200 Sq Ft
$646/Sq Ft Est. Value

Sale Details

Date Sold: October 20, 2020

Last sale price $800,000 $364 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $8,683 / mo

70 Days on Market

Highlights

  • No HOA
  • Hiking Trails
  • Park
  • Monrovia High School Rated A

About This Home

As of October 2020

I 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

Stephen Biskup

Sotheby's International Realty License #01854478 Listed on: 07/06/2020

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

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 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

7,449 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 0.36
  • Property Attached: No
  • Water Sewer Expenses: 1595.00
  • Zoning: MORH*
  • Property Type: Residential Income
  • Parcel Number: 8505012035
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 363.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Laundry Chute, Outside
  • Sewer: Public Sewer
  • Trash Expense: 1680.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7449.00
  • Lot Size Acres: 0.1710

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Electric Expense: 850.00
  • Gross Income: 47040.00
  • Gross Scheduled Income: 47040.00
  • Insurance Expense: 1754.00
  • Lot Size Area: 7449.0000 Square Feet
  • Net Operating Income: 39572.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 7513.00
  • Rent Control: No
  • Total Expenses: 5879.00

Tax Info

  • New Taxes Expense: 13600.00
  • Tax Census Tract: 4310.01
  • Tax Lot: 14
  • Tax Tract Number: E 50

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2020
Closed on
Sep 22, 2020
Sold by
Bought by
Seller's Agent
Stephen Biskup
Sotheby's International Realty
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,088,000
Sold Price
$800,000
Premium/Discount to List
-$288,000
-26.47%
Current Estimated Value
$1,421,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$621,467
Avg. Annual Appreciation
10.61%

Purchase Details

Closed on
Nov 21, 2003
Sold by
Bought by

Purchase Details

Closed on
Jun 5, 2003
Sold by
Bought by

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$800,000 Chicago Title Company
-- --
-- Diversified Title & Escrow S
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $206,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $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

  • Stephen Biskup

    Seller's Agent in 2020

    Stephen Biskup

    Sotheby's International Realty

    (626) 428-6010

    15 Total Sales

    Stephen Biskup
    Section Image

  • G

    Buyer's Agent in 2020

    General NONMEMBER

    NONMEMBER MRML

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF20131738

California Regional Multiple Listing Service (CRMLS)

APN: 8505-012-035

California Los Angeles County Monrovia 91016

624 W Foothill Blvd, Monrovia, CA

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.