NOT LISTED FOR SALE

716 Date St Montebello, CA 90640

Estimated Value: $5,375,828

17 Beds
10 Baths
14,331 Sq Ft
$375/Sq Ft Est. Value

Last Sold April 23, 2019

Last sale price $3,630,000 $253 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $33,372/month

44 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • 0.97 Acre Lot
  • No HOA
  • Living Room

About This Home

As of April 2019

City of Montebello-NO RENT CONTROL BUILDING. Built in 1972 - 14 Units consisting of (10 two bedroom/1 bath) and 4 one bedroom/1bath) plus
1 single family residence (2 bedroom/den/1 bath) plus triplex (1 bedroom/1 bath). Property includes vacant lot adjacent to buildings (8,265 sq.ft.)
Majority of units have been renovated with new appliances, carpeting, wood flooring, wall a/c. 2 laundry rooms with owner owned equipment. Please
do not disturb tenants. Offer subject to inspection.

Last Agent to Sell the Property

Lucinda Don

DON REALTY License #00530092 Listed on: 01/01/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $58,438

Year Built

  • Built in 1972

Lot Details

  • 0.97 Acre Lot
  • No Common Walls
  • Level Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Asbestos Shingle Roof

Interior Spaces

  • 14,331 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 17 Bedrooms
  • All Bedrooms Down
  • 10 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 7 Open Parking Spaces
  • 27 Parking Spaces
  • 20 Carport Spaces

Accessible Home Design

  • No Interior Steps
  • Accessible Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 64 / 1006
  • Tax Tract Number 532200
  • Assessor Parcel Number 6352002064

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 18 Units

Building Details

  • 18 Leased Units
  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,235
  • Insurance Expense $6,843
  • Maintenance Expense $796
  • Pest Control $1,688
  • Professional Management Expense $18,094
  • Trash Expense $18,868
  • Water Sewer Expense $9,045
  • New Taxes Expense $47,500
  • Operating Expense $95,024
  • Gross Income $4,000
  • Net Operating Income $203,576

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Apartment

Est. Annual Taxes

$58,438

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 18094.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Resident Manager, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 9045.00
  • Zoning: MNR3*
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6352002064
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Accessibility Features: No Interior Steps, Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 253.30
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Asbestos Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 20.00
  • Total Parking Spaces: 27.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Water Heater
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Community
  • Pest Control Expense: 1688.00
  • Sewer: Public Sewer
  • Trash Expense: 18868.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street
  • Lot Size Sq Ft: 42422.00
  • Lot Size Acres: 0.9739

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 850 Square Feet
  • Electric Expense: 1235.00
  • Gross Income: 4000.00
  • Gross Operating Income: 298600.00
  • Gross Scheduled Income: 298600.00
  • Insurance Expense: 6843.00
  • Laundry Income: 4000.00
  • Lot Size Area: 42422.0000 Square Feet
  • Maintenance Expense: 796.00
  • Net Operating Income: 203576.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 18
  • Number Of Units Total: 18
  • Number Wall A C: 18
  • Number With Disposal: 18
  • Number With Range: 18
  • Operating Expense: 95024.00
  • Rent Control: No
  • Total Expenses: 95024.00

Tax Info

  • New Taxes Expense: 47500.00
  • Tax Block: 1006
  • Tax Lot: 64
  • Tax Tract Number: 532200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2019
Sold by
Tam 2000 Family Trust
Bought by
R G A Financial Management Inc
Current Estimated Value
$5,375,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,347,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 20, 2016
Sold by
Tam Wal Ling and Tam 2000 Family Trust
Bought by
Tam Wai Ling and Tam 2000 Family Trust Survivor

Purchase Details

Closed on
Nov 11, 2000
Sold by
Tam Shu Fu and Tam Wai Ling
Bought by
Tam Shu Fu and Tam Wai Ling
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
R G A Financial Management Inc $3,630,000 Fidelity National Title Co
Tam Wai Ling -- None Available
Tam Shu Fu -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner R G A Financial Management Inc $2,347,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2019 04/23/19 Sold $3,630,000 -15.3% $253 / Sq Ft
02/14/2019 02/14/19 Pending -- -- --
01/20/2019 01/20/19 Price Changed $4,288,000 -9.7% $299 / Sq Ft
01/01/2019 01/01/19 For Sale $4,750,000 -- $331 / 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
2025 $58,438 $4,049,329 $1,818,293 $2,231,036
2024 $58,438 $3,969,932 $1,782,641 $2,187,291
2023 $58,146 $3,892,091 $1,747,688 $2,144,403
2022 $56,256 $3,815,776 $1,713,420 $2,102,356
2021 $54,448 $3,740,958 $1,679,824 $2,061,134
2020 $53,986 $3,702,600 $1,662,600 $2,040,000
2019 $14,161 $740,094 $145,157 $594,937
2018 $13,661 $725,583 $142,311 $583,272
2016 $12,902 $697,410 $136,786 $560,624
2015 $12,290 $686,935 $134,732 $552,203
2014 $12,237 $673,480 $132,093 $541,387
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18298202

California Regional Multiple Listing Service (CRMLS)

APN: 6352-002-064