NOT LISTED FOR SALE

751 W Walnut Ave Monrovia, CA 91016

Estimated Value: $1,484,000 - $2,029,000

8 Beds
4 Baths
3,840 Sq Ft
$464/Sq Ft Est. Value

Last Sold April 20, 2020

Last sale price $1,350,000 $352 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $10,778/month

3 Days on Market

Highlights

  • Laundry Room
  • Monrovia High School Rated A
  • 1-Story Property

About This Home

As of April 2020

We are pleased to exclusively offer for sale this 4 Unit multi-family investment property in the city of Monrovia. Built in 1977 the property boasts a unit mix of ALL 2-Bedroom/1-Bathroom units. All units are single level, two of which have their own private yards, and two that reside above the garage parking. Tenant amenities include two-car garage parking for all units, interior laundry hookups for all units, and some interior upgrades. Prime rental location, great condition, excellent unit mix & amenities.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 02/18/2020

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 02/18/2020

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 9,901 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,840 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 13
  • Tax Tract Number 4359
  • Assessor Parcel Number 8506028017

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,536
  • Maintenance Expense $2,000
  • Other Expense $600
  • Trash Expense $2,532
  • Water Sewer Expense $2,580
  • New Taxes Expense $16,109
  • Operating Expense $25,357
  • Gross Income $73,200
  • Net Operating Income $45,647

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

9,901 Sq Ft Lot

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2580.00
  • Zoning: MORH*
  • Property Type: Residential Income
  • Parcel Number: 8506028017
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 351.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2532.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 9901.00
  • Lot Size Acres: 0.2273

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 73200.00
  • Gross Operating Income: 71004.00
  • Gross Scheduled Income: 73200.00
  • Insurance Expense: 1536.00
  • Lot Size Area: 9901.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 45647.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 25357.00
  • Other Expense: 600.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 6100.00
  • Total Expenses: 25357.00

Tax Info

  • New Taxes Expense: 16109.00
  • Tax Census Tract: 4309.01
  • Tax Lot: 13
  • Tax Tract Number: 4359

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Apr 6, 2020
Sold by
A & J Bradley Llc
Bought by
Lu Jacqueline and Lu Jessica
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$1,375,000
Sold Price
$1,350,000
Premium/Discount to List
-$25,000
-1.82%
Current Estimated Value
$1,767,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,818
Avg. Annual Appreciation
4.82%
Original Mortgage
$740,000
Outstanding Balance
$651,589
Interest Rate
3.2%
Mortgage Type
Commercial
Estimated Equity
$1,129,793

Purchase Details

Closed on
Dec 14, 2018
Sold by
Bradley Antony and Bradley Judy
Bought by
Bradley Antony and Bradley Judy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2011
Sold by
Dangelo Joseph L
Bought by
Dangelo Joseph L and Joseph L Dangelo 2011 Trust

Purchase Details

Closed on
Jan 13, 2011
Sold by
Dangelo Joseph L and Dangelo Valerie A
Bought by
Dangelo Joseph L

Purchase Details

Closed on
Sep 17, 2004
Sold by
Lee Tsui Po
Bought by
Dangelo Joseph L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2003
Sold by
Hoang Di Quan and Au Kieu My
Bought by
Lee Tsui Po

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lu Jacqueline $1,350,000 Fidelity National Title Co
A & J Bradley Llc -- Fidelity National Title Co
Bradley Antony -- Orange Coast Title
Dangelo Joseph L -- None Available
Bradley Antony -- None Available
Dangelo Joseph L -- None Available
Dangelo Joseph L $775,000 Investors Title Company
Lee Tsui Po $550,000 Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Jacqueline $740,000
Previous Owner Bradley Antony $910,000
Previous Owner Dangelo Joseph L $581,000
Previous Owner Lee Tsui Po $385,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2020 04/20/20 Sold $1,350,000 -1.8% $352 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $1,375,000 -- $358 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,161 $1,476,418 $929,598 $546,820
2024 $20,161 $1,447,470 $911,371 $536,099
2023 $19,707 $1,419,089 $893,501 $525,588
2022 $23,730 $1,754,400 $938,400 $816,000
2021 $18,768 $1,363,986 $858,806 $505,180
2020 $15,691 $1,147,878 $650,160 $497,718
2019 $15,420 $1,125,395 $637,412 $487,983
2018 $13,097 $950,618 $465,521 $485,097
2016 $12,587 $912,553 $447,446 $465,107
2015 $12,318 $898,846 $440,725 $458,121
2014 $12,205 $881,240 $432,092 $449,148
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20035569

California Regional Multiple Listing Service (CRMLS)

APN: 8506-028-017

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