Seller's Agent in 2019
Kristopher German
RE/MAX
(909) 645-0443
5 in this area
122 Total Sales
727 Valley View Ave Monrovia, CA 91016
Estimated Value: $3,245,909 - $3,507,000
5
Beds
5
Baths
7,932
Sq Ft
$426/Sq Ft
Est. Value
Highlights
- 0.46 Acre Lot
- Fireplace in Primary Bedroom
- Central Heating and Cooling System
- Clifton Middle School Rated A-
- Laundry Room
About This Home
As of December 2019Attention Investors - One of a kind multi-family investment opportunity located in North Monrovia. First time offered for sale in over 50+ years. The subject property offers an A+ location nestled in the north east section of the city (minutes to Bradbury). The unit mix is comprised of a Craftsman style single story building with 2 Units: first unit is 2 Bed/1.5 Bath + Office/3rd Bedroom with an estimated living space of 1,400 SqFt. & 2nd unit with 1 Bed/1 Bath with an estimated living space of 1,100 SqFt. The second building was built in 1984 and offers four 2 Bed/1 3/4 Bath Two-Story "Town-House" style units each with an estimated living space of 1,360 SqFt. Common Amenities for ALL 6 Units consist of Central A/C & Heat, Private Fireplaces, 2-Car Garage Parking, LARGE Private Patios/Private Yards (all units), Private Balconies (townhouse units), Automatic Dishwashers, Onsite Laundry Facility & Secured Remote Access Gated Entry. A new investor will enjoy a matchless multi-family property, located in an exclusive residential neighborhood, and most importantly, a lucrative financial opportunity priced at 14.27 GRM with a CAP Rate of 4.73%. Location, Cash-Flow, Pride of Ownership!
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 11/18/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $33,165
Year Built
- Built in 1984
Lot Details
- 0.46 Acre Lot
- 1 Common Wall
- Density is 6-10 Units/Acre
Parking
- 7 Open Parking Spaces
- 8 Car Garage
Home Design
- Property Attached
Interior Spaces
- 7,932 Sq Ft Home
- Family Room with Fireplace
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- 5 Bathrooms
Additional Features
- Rain Gutters
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 30 / D
- Tax Tract Number 25
- Assessor Parcel Number 8518035025
Community Details
Overview
- 2 Buildings
- 6 Units
Amenities
- Laundry Facilities
Building Details
- 6 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $871
- Fuel Expense $238
- Insurance Expense $3,173
- Maintenance Expense $7,051
- Other Expense $900
- Trash Expense $2,299
- Water Sewer Expense $4,084
- New Taxes Expense $24,310
- Operating Expense $42,925
- Gross Income $145,380
- Net Operating Income $98,093
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 18, 2019
Closed on
Dec 3, 2019
Sold by
Huffey Stephen S and Applegate Naomi C
Bought by
Ho Villa Llc
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$2,075,000
Sold Price
$2,250,000
Premium/Discount to List
$175,000
8.43%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,126,455
Avg. Annual Appreciation
6.08%
Purchase Details
Closed on
Dec 12, 2017
Sold by
Huffey Stephen S and The Huffey Charitable Remainde
Bought by
Huffey Stephen S and Applegate Naomi C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$785,000
Interest Rate
3.9%
Mortgage Type
Negative Amortization
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ho Villa Llc | $2,250,000 | Fidelity National Title | |
| Huffey Stephen S | $1,047,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Huffey Stephen S | $785,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/20/2019 12/20/19 | Sold | $2,250,000 | +8.4% | $284 / Sq Ft |
| 11/27/2019 11/27/19 | Pending | -- | -- | -- |
| 11/18/2019 11/18/19 | For Sale | $2,075,000 | -- | $262 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $33,165 | $2,460,702 | $1,367,057 | $1,093,645 |
| 2024 | $33,165 | $2,412,453 | $1,340,252 | $1,072,201 |
| 2023 | $32,475 | $2,365,151 | $1,313,973 | $1,051,178 |
| 2022 | $31,193 | $2,318,776 | $1,288,209 | $1,030,567 |
| 2021 | $30,506 | $2,273,310 | $1,262,950 | $1,010,360 |
| 2019 | $29,735 | $2,262,360 | $1,632,000 | $630,360 |
| 2018 | $29,056 | $2,218,000 | $1,600,000 | $618,000 |
| 2017 | $20,893 | $1,561,840 | $882,780 | $679,060 |
| 2016 | $20,433 | $1,531,217 | $865,471 | $665,746 |
| 2015 | $19,985 | $530,785 | $52,606 | $478,179 |
| 2014 | $7,884 | $520,389 | $51,576 | $468,813 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV19266895
APN: 8518-035-025
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