$1,000,000
SOLD MAR 14, 2025

749 Via Altamira Montebello, CA 90640

5 Beds
4 Baths
2,656 Sq Ft
6,052 Sq Ft Lot

Recently Sold

$377 Per Sq Ft

5% Below List Price

314 Days on Market

About This Home

As of March 2025

Excellent Investment opportunity! HIGH CAP RATE! Fully occupied, 4-UNITS located in Montebello! Three Units with 1 bedroom, One Unit with 2 bedrooms. Updated Bathrooms. Including Four 1-Car garages, On-Site Laundry facility provides extra income. Separate electricity and gas meters for each unit. On a lot of approx. 6,052 sq. ft. Conveniently located near the Montebello Golf Course, shopping centers, supermarkets, banks, public transportation, East LA City College and more!

Last Agent to Sell the Property

Peggy Fong Chen

Re/Max Omega Brokerage Phone: 626-208-7788 License #01461698 Listed on: 04/02/2024

Re/Max Omega

Last Buyer's Agent

YULAN JIANG

Pinnacle Real Estate Group License #02108961

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,565

Year Built

  • Built in 1954

Lot Details

  • 6,052 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Lawn
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,656 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 52
  • Tax Tract Number 15386
  • Assessor Parcel Number 5268003027
  • $828 per year additional tax assessments

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $384
  • Fuel Expense $276
  • Insurance Expense $1,557
  • Trash Expense $1,996
  • Water Sewer Expense $3,276
  • Operating Expense $7,489
  • Gross Income $77,600
  • Net Operating Income $70,111

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,565

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: Inquiry/Showing
  • Other Phone Number: 626-378-9800
  • Price Per Unit: 262450
  • Property Attached: No
  • Water Sewer Expenses: 3276.00
  • Zoning: MNR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5268003027
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Ground
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 376.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1996.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Lawn, Yard
  • Lot Size Sq Ft: 6052.00
  • Lot Size Acres: 0.1389

Multi Family

  • Electric Expense: 384.00
  • Fuel Expense: 276.00
  • Gross Income: 77600.00
  • Gross Scheduled Income: 77600.00
  • Insurance Expense: 1557.00
  • Laundry Income: 1100.00
  • Lot Size Area: 6052.0000 Square Feet
  • Net Operating Income: 70111.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 7489.00
  • Rent Control: Yes
  • Total Actual Rent: 6375.00
  • Total Expenses: 7489.00

Tax Info

  • Tax Census Tract: 5302.03
  • Tax Lot: 52
  • Tax Tract Number: 15386
  • TaxOtherAnnualAssessmentAmount: 828.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2024
Closed on
Mar 10, 2025
Sold by
Li Jason Jian and Li Jian
Bought by
Zhu Xiwen
Seller's Agent
Peggy Fong Chen
Re/Max Omega
Buyer's Agent
YULAN JIANG
Pinnacle Real Estate Group
List Price
$1,049,800
Sold Price
$1,000,000
Premium/Discount to List
-$49,800
-4.74%
Views
100
Current Estimated Value
$1,010,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,125
Avg. Annual Appreciation
1.82%
Original Mortgage
$600,000
Outstanding Balance
$596,976
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$413,149

Purchase Details

Listed on
Jun 22, 2017
Closed on
Jul 24, 2017
Sold by
Lai Victoria
Bought by
Li Jian and Lin Yingshi
Seller's Agent
Peggy Fong Chen
Re/Max Omega
Buyer's Agent
Peggy Fong Chen
Re/Max Omega
List Price
$780,000
Sold Price
$780,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.31%

Purchase Details

Listed on
Jun 1, 2015
Closed on
Aug 18, 2015
Sold by
Pavlic Louis Slavko
Bought by
Lai Victoria
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$610,000
Sold Price
$595,000
Premium/Discount to List
-$15,000
-2.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.58%
Original Mortgage
$345,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2011
Sold by
Pavlic Louis Slavko and Louis Pavlic Living Trust
Bought by
Pavlic Louis Slavko

Purchase Details

Closed on
Nov 23, 2010
Sold by
Pavlic Louis
Bought by
Louis Pavlic Living Trust

Purchase Details

Closed on
Jun 17, 2010
Sold by
Pavlic Louis
Bought by
Pavlic Louis

Purchase Details

Closed on
Feb 1, 2002
Sold by
Vargas Eleanor I Guerrero
Bought by
Pavlic Louis and Pavlic Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
7.18%

Purchase Details

Closed on
Feb 11, 1997
Sold by
Vargas Eleanor I Guerrero and Guerrero Eleanor I
Bought by
Vargas Eleanor I Guerrero

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
7.85%

Purchase Details

Closed on
Jul 22, 1995
Sold by
Guerrero Leopoldo A and Guerrero Irene
Bought by
Guerrero Eleanor I
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 Type Sale Price Title Company
Grant Deed $1,000,000 Chicago Title Company
Grant Deed $780,000 Chicago Title Company
Grant Deed $595,000 Fidelity Title Company
Interfamily Deed Transfer -- Fidelity Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer $30,000 None Available
Grant Deed $275,000 Fidelity Title
Gift Deed -- Fidelity National Title Ins
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 New Conventional
Previous Owner $345,000 New Conventional
Previous Owner $185,000 No Value Available
Previous Owner $76,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/14/2025 03/14/25 Sold $1,000,000 -4.7% $377 / Sq Ft
04/02/2024 04/02/24 For Sale $1,049,800 +34.6% $395 / Sq Ft
07/31/2017 07/31/17 Sold $780,000 0.0% $294 / Sq Ft View Prior Sale
06/22/2017 06/22/17 For Sale $780,000 +31.1% $294 / Sq Ft
09/18/2015 09/18/15 Sold $595,000 -2.5% $224 / Sq Ft View Prior Sale
07/17/2015 07/17/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $610,000 -- $230 / 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 $12,565 $887,503 $523,399 $364,104
2024 $12,565 $870,102 $513,137 $356,965
2023 $12,552 $853,042 $503,076 $349,966
2022 $12,135 $836,316 $493,212 $343,104
2021 $11,731 $819,919 $483,542 $336,377
2019 $11,282 $795,600 $469,200 $326,400
2018 $11,493 $780,000 $460,000 $320,000
2016 $8,851 $595,000 $271,000 $324,000
2015 $5,165 $344,568 $157,687 $186,881
2014 $5,109 $337,820 $154,599 $183,221
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24064366

California Regional Multiple Listing Service (CRMLS)

APN: 5268-003-027