NOT LISTED FOR SALE

751 W Walnut Ave Monrovia, CA 91016

Monrovia Area

Estimated Value: $1,381,000 - $1,813,000

8 Beds
4 Baths
3,840 Sq Ft
$434/Sq Ft Est. Value

Sale Details

Date Sold: April 20, 2020

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

Est. 23% increase in value since last sale

Current estimated payment $10,793 / mo

3 Days on Market

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 in unit
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Apr 6, 2020
Sold by
Bought by
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
$1,664,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,958
Avg. Annual Appreciation
3.40%
Original Mortgage
$740,000
Outstanding Balance
$651,589
Interest Rate
3.2%
Mortgage Type
Commercial
Estimated Equity
$1,013,369

Purchase Details

Closed on
Dec 14, 2018
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Jan 13, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 17, 2004
Sold by
Bought by

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
Bought by

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
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,350,000 Fidelity National Title Co
-- Fidelity National Title Co
-- Orange Coast Title
-- None Available
-- None Available
-- None Available
$775,000 Investors Title Company
$550,000 Commerce Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $740,000
Previous Owner $910,000
Previous Owner $581,000
Previous Owner $385,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $20,650 $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

  • Kristopher German

    Seller's Agent in 2020

    Kristopher German

    RE/MAX

    (909) 645-0443

    128 Total Sales

    Kristopher German
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20035569

California Regional Multiple Listing Service (CRMLS)

APN: 8506-028-017

California Los Angeles County Monrovia 91016

751 W Walnut Ave, Monrovia, CA

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.