NOT LISTED FOR SALE

635 W Colorado Blvd Monrovia, CA 91016

Estimated Value: $1,082,000 - $1,247,523

4 Beds
2 Baths
1,607 Sq Ft
$733/Sq Ft Est. Value

Last Sold June 08, 2023

Last sale price $1,080,000 $672 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,502/month

18 Days on Market

Highlights

  • Double Pane Windows
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Monrovia High School Rated A
  • Living Room
  • Zoned Heating and Cooling

About This Home

As of June 2023

Must see this charming duplex! This property is located in the highly desirable neighbor of Monrovia, named best for raising family! Upgraded with open floor plan, bright and airy. Both units feature 2 Beds & 1 Bath, huge living room and an oversized kitchen. A side door by the kitchen to access the back yard and garage from the gated alley. Beautiful landscape, front lawn and patio & porch area. Bonus empty land that is a potential for adding ADU and expanding (check with city). Both units have been upgraded with recess lightings, Mini AC split system in rooms, quartz counter tops, half-island, refrigerator, washer & dryer, self-closing cabinetry, walk-in shower, tile ceramic flooring, and two large garages. Prime location, convenient access to shopping, public transit, award winning schools, and Old Town Monrovia. This wonderfully updated duplex is a rare find- don’t miss it!

Last Agent to Sell the Property

Danny Hy

Pinnacle Real Estate Group License #01917877 Listed on: 04/27/2023

Pinnacle Real Estate Group

Last Buyer's Agent

Danny Hy

Pinnacle Real Estate Group License #01917877 Listed on: 04/27/2023

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,986

Year Built

  • Built in 1948

Lot Details

  • 7,308 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Sprinkler System
  • Garden
  • Back and Front Yard
  • Density is 2-5 Units/Acre
  • Value in Land

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway Up Slope From Street

Home Design

  • Duplex

Interior Spaces

  • 1,607 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Living Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Zoned Heating and Cooling

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 7899
  • Assessor Parcel Number 8505018010
  • $741 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,526
  • Trash Expense $672
  • Water Sewer Expense $1,944
  • Operating Expense $4,142
  • Gross Income $58,440
  • Net Operating Income $54,298

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,986

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 525000
  • Property Attached: Yes
  • Water Sewer Expenses: 1944.00
  • Zoning: MORM*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8505018010
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: front with steps
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 672.06
  • Room Type: Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway Up Slope From Street, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric, Zoned
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 672.00
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s), Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Garden, Landscaped, Sprinkler System, Value In Land
  • Lot Size Sq Ft: 7308.00
  • Lot Size Acres: 0.1678

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 58440.00
  • Gross Operating Income: 58440.00
  • Gross Scheduled Income: 58440.00
  • Insurance Expense: 1526.00
  • Lot Size Area: 7308.0000 Square Feet
  • Net Operating Income: 54298.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 6
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 4142.00
  • Rent Control: No
  • Total Expenses: 4142.00

Tax Info

  • Tax Census Tract: 4310.03
  • Tax Lot: 10
  • Tax Tract Number: 7899
  • TaxOtherAnnualAssessmentAmount: 741.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
May 17, 2023
Sold by
Chan Hau Fat and Oi Lan
Bought by
Nigoghosian Harry and Nigoghosian Ankin
Seller's Agent
Danny Hy
Pinnacle Real Estate Group
Buyer's Agent
Danny Hy
Pinnacle Real Estate Group
List Price
$1,050,000
Sold Price
$1,080,000
Premium/Discount to List
$30,000
2.86%
Total Days on Market
18
Views
79
Current Estimated Value
$1,178,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,381
Avg. Annual Appreciation
4.50%
Original Mortgage
$594,000
Outstanding Balance
$580,714
Interest Rate
6.43%
Mortgage Type
Construction
Estimated Equity
$597,667

Purchase Details

Listed on
Mar 11, 2017
Closed on
Mar 20, 2017
Sold by
Hopper Dustin J
Bought by
Chan Hau Fat and Lee Oi Lan
Seller's Agent
Tom Adams
Century 21 Adams & Barnes
Buyer's Agent
Danny Hy
Pinnacle Real Estate Group
List Price
$728,000
Sold Price
$720,000
Premium/Discount to List
-$8,000
-1.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%

Purchase Details

Closed on
Nov 24, 2010
Sold by
Montgomery Andrew Bryan
Bought by
Hopper Dustin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,963
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 26, 2003
Sold by
Montgomery Andrew
Bought by
Montgomery Andrew Bryan and Montgomery Corran Marie

Purchase Details

Closed on
Mar 2, 2000
Sold by
Klein Frank F Tr Frank F Klein Trust
Bought by
Montgomery Andrew and Montgomery Corran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
8.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 9, 1998
Sold by
Klein Frank F
Bought by
Klein Frank Franz and Revocable Trust Of Frank Franz Klein
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
Nigoghosian Harry $1,080,000 Ticor Title Company
Chan Hau Fat $720,000 Chicago Title
Hopper Dustin J $407,000 Chicago Title Company
Montgomery Andrew Bryan -- --
Montgomery Andrew $185,000 Chicago Title
Klein Frank Franz -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nigoghosian Harry $594,000
Previous Owner Hopper Dustin J $369,963
Previous Owner Montgomery Andrew $0
Previous Owner Montgomery Andrew $25,000
Previous Owner Montgomery Andrew $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2023 06/08/23 Sold $1,080,000 +2.9% $672 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $1,050,000 +45.8% $653 / Sq Ft
03/30/2017 03/30/17 Sold $720,000 -1.1% $448 / Sq Ft
03/11/2017 03/11/17 For Sale $728,000 -- $453 / 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 $14,986 $1,101,600 $663,000 $438,600
2023 $11,004 $803,169 $481,902 $321,267
2022 $10,686 $787,421 $472,453 $314,968
2021 $10,478 $771,983 $463,190 $308,793
2019 $9,979 $749,087 $449,452 $299,635
2018 $9,748 $734,400 $440,640 $293,760
2016 $5,994 $440,477 $335,500 $104,977
2015 $5,864 $433,862 $330,461 $103,401
2014 -- $425,364 $323,988 $101,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR23066113

California Regional Multiple Listing Service (CRMLS)

APN: 8505-018-010