NOT LISTED FOR SALE

722 E Hellman Ave Unit A&B Monterey Park, CA 91755

Estimated Value: $1,739,000 - $1,992,536

6 Beds
5 Baths
2,813 Sq Ft
$657/Sq Ft Est. Value

Last Sold October 05, 2021

Last sale price $1,695,000 $603 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $11,659/month

13 Days on Market

Highlights

  • Spa
  • 3 Car Garage
  • All Bedrooms Downstairs
  • Garvey (Richard) Intermediate School Rated A-
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of October 2021

Gorgeous Two-Unit home constructed in 2019 at the heart of Monterey Park City.
The front main house has a Grand Double Door entrance; High ceiling; Crown molding; 8 ft. tall Interior doors, spacious 4 bedrooms (Junior Suite downstairs for elderly); 3.5 bathrooms, and 2 attached car garages.
Open floor plan: Kitchen with center island combined with a Large Family Room; separate Formal Dining and Living room; Plantation Shutters, Porcelain tiles throughout the house, and laminate flooring upstairs, both units have separate utility meters for water, electricity, and gas. Within walking distance to parks, restaurants, shops, and highly rated Mark Keppel High School, as well as middle and elementary schools.

Unit #2: Beautifull 2 Bedrooms; 1 bathroom with full kitchen, family room, attached car garage, private patio backyard with a storage shed.

Great opportunity to own this Beautiful Home that has rental income or investment property!! OPEN HOUSE this Weekend

Last Agent to Sell the Property

Jeff phu

JSP PROPERTIES Listed on: 08/18/2021

Last Buyer's Agent

Jeff phu

JSP PROPERTIES Listed on: 08/18/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,791

Year Built

  • Built in 2018

Lot Details

  • 6,990 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Brick Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Auto Driveway Gate

Home Design

  • Modern Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Tile Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,813 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Two Story Ceilings
  • Recessed Lighting
  • Shutters
  • Custom Window Coverings
  • Bay Window
  • Window Screens
  • Double Door Entry
  • Family Room
  • Living Room

Kitchen

  • Gas Cooktop
  • Water Line To Refrigerator
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Stone Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Walk-In Closet
  • 5 Bathrooms
  • Spa Bath

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Spa
  • Balcony
  • Exterior Lighting

Location

  • Property is near a park

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Natural Gas Connected
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 11
  • Tax Tract Number 4171
  • Assessor Parcel Number 5258013010
  • $507 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $577
  • Trash Expense $1,200
  • Operating Expense $1,777
  • Gross Income $24,000
  • Net Operating Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,791

Year Built

Built in 2018

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Zoning: MPR3YY
  • Architectural Style: Modern
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5258013010
  • Year Built: 2018
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Copper Plumbing Full, Crown Molding, High Ceilings, Open Floorplan, Recessed Lighting, Stone Counters, Two Story Ceilings
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Door Features: Double Door Entry
  • Levels: Two
  • Price Per Square Foot: 602.56
  • Room Type: All Bedrooms Down, All Bedrooms Up, Family Room, Formal Entry, Kitchen, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Multi-Level Bedroom, Walk-In Closet
  • Spa Features: Bath
  • Window Features: Bay Window(s), Custom Covering, Screens, Shutters

Exterior Features

  • Foundation: Slab
  • Other Structures: Second Garage Attached
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Block, Brick
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Gas Cooktop, High Efficiency Water Heater, Tankless Water Heater, Water Line to Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Level with Street, Park Nearby, Paved, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Walkstreet, Yard
  • Lot Size Sq Ft: 6990.00
  • Lot Size Acres: 0.1605

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 24000.00
  • Gross Scheduled Income: 2000.00
  • Insurance Expense: 577.00
  • Lot Size Area: 6990.0000 Square Feet
  • Net Operating Income: 23400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 600.00
  • Rent Control: No
  • Total Expenses: 1777.00

Tax Info

  • Tax Census Tract: 4817.12
  • Tax Lot: 11
  • Tax Tract Number: 4171
  • TaxOtherAnnualAssessmentAmount: 507.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2019
Sold by
Tse Wilsing and Tse Phuong Tieu Tran
Bought by
Tran Binh and Ta Lan
Current Estimated Value
$1,848,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Outstanding Balance
$601,800
Interest Rate
3.5%
Estimated Equity
$1,246,834

Purchase Details

Closed on
Jun 14, 2016
Sold by
Lo William W
Bought by
Tse Wilsing and Tse Phuong Tieu Tran

Purchase Details

Closed on
Feb 11, 1999
Sold by
Lo William W
Bought by
Lo William Wei Hsing and Lo Emily Shiuh Fang
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Tran Binh $1,150,000 Lawyers Title Company
Tse Wilsing $475,000 Lawyers Title
Lo William Wei Hsing -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Binh $690,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2021 10/05/21 Sold $1,695,000 -3.1% $603 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $1,748,800 -- $622 / 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 $23,791 $1,798,747 $1,061,208 $737,539
2024 $23,791 $1,763,478 $1,040,400 $723,078
2023 $22,985 $1,728,900 $1,020,000 $708,900
2022 $21,921 $1,695,000 $1,000,000 $695,000
2021 $15,330 $1,161,913 $755,749 $406,164
2020 $15,179 $1,150,000 $748,000 $402,000
2019 $10,194 $504,073 $504,073 $0
2018 $6,768 $494,190 $395,352 $98,838
2016 $2,678 $190,769 $129,504 $61,265
2015 $2,626 $187,904 $127,559 $60,345
2014 $2,597 $184,224 $125,061 $59,163
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21181954

California Regional Multiple Listing Service (CRMLS)

APN: 5258-013-010