NOT LISTED FOR SALE

714 E Newmark Ave Monterey Park, CA 91755

Estimated Value: $2,735,000 - $3,022,954

12 Beds
6 Baths
5,270 Sq Ft
$546/Sq Ft Est. Value

Sale Details

Date Sold: May 11, 2016

Last sale price $1,850,000 $351 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $18,100 / mo

24 Days on Market

Highlights

  • 18,821 Sq Ft lot
  • North Facing Home
  • 1-Story Property
  • Monterey Vista Elementary School Rated A-

About This Home

As of May 2016

We are pleased to present for sale 6 Single Story Cottage Style Units. This is the first time the property has been offered for sale in over 20 years! The unit mix consists of all 2 bedroom 1 bath units approximately 878 square feet each situated on a large 18,821 square foot lot. The units do not share any walls as they are separated by the garages. There are a total of 16 parking spots with 8 garages and 8 uncovered spaces. All units have laundry hook-ups inside and each unit has a separate water heater. All units are separately metered for gas and electricity. The property is located in a highly desirable Monterey Park location - walking distance to Garvey Avenue. The city of Monterey Park is well known for having a strong rental market with a history of high occupancy rates.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 03/07/2016

Last Buyer's Agent

KRISTOPHER GERMAN

License #01800021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 18,821 Sq Ft Lot
  • North Facing Home

Parking

  • 8 Car Garage

Interior Spaces

  • 5,270 Sq Ft Home
  • 1-Story Property
  • Electric Dryer Hookup

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 3 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5259-008-055

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.43 Acres

Parking

8

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5270
  • Stories: 1
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 6.00
  • Equipment: Electric Dryer Hookup
  • Price Per S Q F T: 365.28

Exterior Features

  • Direction Faces: North
  • Tennis Court Y/N: No
  • Construction: Wood Frame
  • Paved: Yes
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 8
  • Other Spaces: 8
  • Covered Parking: 8
  • Parking Garage: Garage - 1 Car
  • Total Parking: 16

Utilities

  • Cooling: Wall Unit(s)
  • Number Electric Meters: 6
  • Number Gas Meters: 6
  • Water Expense: 2505.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2197.00
  • Trash Expense: 2722.00

Lot Info

  • Assessed Improvement Value: 429611
  • Assessed Land Value: 762560
  • Assessor Parcel Number: 5259-008-055
  • Geocode Override: No
  • Lot Size Area: 18821

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Number Of Units: 6
  • Number Wall A C: 6
  • Rent Control: 0
  • Type Of Units: APT

Tax Info

  • Tax Expense: 23677.00

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
Mar 7, 2016
Closed on
Apr 19, 2016
Sold by
Bought by
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
KRISTOPHER GERMAN
List Price
$2,088,000
Sold Price
$1,850,000
Premium/Discount to List
-$238,000
-11.4%
Current Estimated Value
$2,878,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,028,977
Avg. Annual Appreciation
4.47%
Original Mortgage
$775,000
Outstanding Balance
$616,296
Interest Rate
3.71%
Mortgage Type
Commercial
Estimated Equity
$2,262,681

Purchase Details

Closed on
Aug 19, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 12, 2008
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$1,850,000 Commonwealth Land Title
-- None Available
-- None Available
-- None Available
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
Open $775,000
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
05/11/2016 05/11/16 Sold $1,850,000 -11.4% $351 / Sq Ft
03/31/2016 03/31/16 Pending -- -- --
03/07/2016 03/07/16 For Sale $2,088,000 -- $396 / Sq Ft
Source: The MLS

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 $30,956 $2,190,018 $1,479,744 $710,274
2024 $30,025 $2,147,078 $1,450,730 $696,348
2023 $29,046 $2,104,980 $1,422,285 $682,695
2022 $27,749 $2,063,707 $1,394,398 $669,309
2021 $27,630 $2,023,243 $1,367,057 $656,186
2019 $26,614 $1,963,234 $1,326,510 $636,724
2018 $26,298 $1,924,740 $1,300,500 $624,240
2016 $16,215 $1,210,351 $774,189 $436,162
2015 $15,910 $1,192,171 $762,560 $429,611
2014 $15,728 $1,168,819 $747,623 $421,196
Source: Public Records

Agents Affiliated with this Home

  • K

    Buyer's Agent in 2016

    KRISTOPHER GERMAN

See All Agents

Map

Source: The MLS

MLS Number: 16-104306

The MLS

APN: 5259-008-055

California Los Angeles County Monterey Park 91755

714 E Newmark Ave, Monterey Park, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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