NOT LISTED FOR SALE

721 Via Altamira Montebello, CA 90640

Estimated Value: $1,041,000 - $1,140,000

5 Beds
4 Baths
2,656 Sq Ft
$411/Sq Ft Est. Value

Last Sold May 08, 2017

Last sale price $710,000 $267 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $7,256/month

7 Days on Market

Highlights

  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of May 2017

Great opportunity to own a strong rental property. This buildingis in one of the strongest rental markets in Los Angeles. The building consist of (3) One bedroom units and (1) Two Bedroom unit. All units have a private garage and the bulding has space for a laundry facility but does not have washer and dryer at this time. All units have long term tenants and potential for rental increase.

Last Agent to Sell the Property

Aaron Juarez

The Real Brokerage, Inc. License #01295422 Listed on: 04/11/2017

The Real Brokerage, Inc.

Last Buyer's Agent

Pui Ching Tsui

LeMark Realty License #01889817

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,536

Year Built

  • Built in 1954

Lot Details

  • 5,346 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • 2,656 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 45
  • Tax Tract Number 15386
  • Assessor Parcel Number 5268003020

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,080
  • Insurance Expense $1,156
  • Trash Expense $220
  • Water Sewer Expense $236
  • New Taxes Expense $3,870
  • Operating Expense $7,018
  • Gross Income $43,020
  • Net Operating Income $36,002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,536

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 236.00
  • Zoning: MNR3YY
  • Property Type: Residential Income
  • Parcel Number: 5268003020
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 267.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 220.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 5346.00

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 850 Square Feet
  • Electric Expense: 1080.00
  • Gross Income: 43020.00
  • Gross Scheduled Income: 43020.00
  • Insurance Expense: 1156.00
  • Net Operating Income: 36002.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7018.00
  • Rent Control: No
  • Total Expenses: 7018.00

Tax Info

  • New Taxes Expense: 3870.00
  • Tax Census Tract: 5302.03
  • Tax Lot: 45
  • Tax Tract Number: 15386

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2017
Closed on
Apr 21, 2017
Sold by
Morehead Lydla
Bought by
Ocariz Jorge
Seller's Agent
Aaron Juarez
The Real Brokerage, Inc.
Buyer's Agent
Pui Ching Tsui
LeMark Realty
List Price
$700,000
Sold Price
$710,000
Premium/Discount to List
$10,000
1.43%
Total Days on Market
7
Current Estimated Value
$1,091,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$381,694
Avg. Annual Appreciation
5.38%

Purchase Details

Closed on
Jul 5, 1994
Sold by
Morales Manuel and Morales Jennie
Bought by
Morales Manuel
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
Ocariz Jorge $725,000 Pacific Coast Title Company
Morales Manuel -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2017 05/08/17 Sold $710,000 +1.4% $267 / Sq Ft
04/18/2017 04/18/17 Pending -- -- --
04/11/2017 04/11/17 For Sale $700,000 -- $264 / 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 $13,536 $824,922 $512,020 $312,902
2023 $13,464 $808,748 $501,981 $306,767
2022 $13,011 $792,891 $492,139 $300,752
2021 $12,521 $777,345 $482,490 $294,855
2019 $11,904 $754,770 $468,180 $286,590
2018 $12,091 $739,980 $459,000 $280,980
2016 $3,298 $110,223 $20,662 $89,561
2015 $3,198 $108,568 $20,352 $88,216
2014 $3,192 $106,442 $19,954 $86,488
Source: Public Records

Agents Affiliated with this Home

  • Aaron Juarez

    Seller's Agent in 2017

    Aaron Juarez

    The Real Brokerage, Inc.

    (909) 917-8388

    116 Total Sales

    Aaron Juarez
    Section Image
  • Pui Ching Tsui

    Buyer's Agent in 2017

    Pui Ching Tsui

    LeMark Realty

    (626) 283-7590

    28 Total Sales

    Pui Ching Tsui
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17076696

California Regional Multiple Listing Service (CRMLS)

APN: 5268-003-020

California Los Angeles County Montebello 90640

721 Via Altamira, Montebello, CA

This home is located at 721 Via Altamira, Montebello, CA 90640 since 11 April 2017 and is currently estimated at $1,091,694, approximately $411 per square foot. This property was built in 1954. 721 Via Altamira is a home located in Los Angeles County with nearby schools including Wilcox Elementary School, Eastmont Intermediate School, and Schurr High School.

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

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