Seller's Agent in 2020
Stephen Biskup
Sotheby's International Realty
(626) 428-6010
3 in this area
16 Total Sales
630 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
- Hiking Trails
- Park
- Laundry Room
- Monrovia High School Rated A
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
- $12,312
Year Built
- Built in 1951
Lot Details
- 7,488 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
Home Design
- 2,200 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Listing and Financial Details
- Tenant pays for electricity, telephone, water
- Tax Lot 14
- Tax Tract Number 14
- Assessor Parcel Number 8505012034
Community Details
Recreation
- Park
- Hiking Trails
- Bike Trail
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Electric Expense $850
- Insurance Expense $1,704
- Trash Expense $1,680
- Water Sewer Expense $1,595
- New Taxes Expense $13,750
- Operating Expense $19,579
- Gross Income $43,380
- Net Operating Income $35,867
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 6, 2020
Closed on
Sep 25, 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
$1,087,000
Sold Price
$800,000
Premium/Discount to List
-$287,000
-26.4%
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
$334,676
Avg. Annual Appreciation
7.54%
Purchase Details
Closed on
Dec 22, 2006
Sold by
Kotecha Govind B and Kotecha Saroj G
Bought by
Kotecha Govind B
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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 | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/20/2020 10/20/20 | Sold | $800,000 | -26.4% | $364 / Sq Ft |
| 07/06/2020 07/06/20 | For Sale | $1,087,000 | -- | $494 / 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 | $12,312 | $865,943 | $487,093 | $378,850 |
| 2024 | $12,312 | $848,965 | $477,543 | $371,422 |
| 2023 | $12,040 | $832,320 | $468,180 | $364,140 |
| 2022 | $11,704 | $816,000 | $459,000 | $357,000 |
| 2021 | $11,478 | $800,000 | $450,000 | $350,000 |
| 2019 | $4,125 | $223,911 | $74,429 | $149,482 |
| 2018 | $3,911 | $219,521 | $72,970 | $146,551 |
| 2016 | $3,760 | $210,999 | $70,138 | $140,861 |
| 2015 | $3,688 | $207,831 | $69,085 | $138,746 |
| 2014 | $3,676 | $203,761 | $67,732 | $136,029 |
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: PF20131758
APN: 8505-012-034
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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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