NOT LISTED FOR SALE

805 E Graves Ave Monterey Park, CA 91755

Estimated Value: $1,510,000 - $1,905,000

7 Beds
4 Baths
3,078 Sq Ft
$569/Sq Ft Est. Value

Last Sold August 02, 2022

Last sale price $1,610,000 $523 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $11,049/month

20 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Chain Link Fence
  • Monterey Vista Elementary School Rated A-
  • 4 Car Garage
  • Carpet

About This Home

As of August 2022

Well Maintained Multi-Family 4-Unit Property Located In the Heart of Monterey Park! Don't miss this rare opportunity to own 4 separate buildings each independently set up with their own parking, yard and garage. There are 3 units featuring 2-bedrooms & 1 bath and approximately 783 Sqft. The fourth unit in the back is a 1-bedroom & 1 bath and approximately 712 Sqft. All units have been updated with laminate flooring or carpet, upgraded electrical, newer roof, plumbing and sewer line upgrades. All units each have a laundry room attached to the garage. This is the perfect property to owner occupy. Live in 1 unit, rent out the rest and enjoy retirement life. The neighborhood features nearby Garvey Ranch Park and Monterey Vista Elementary School. Location is very convenient to restaurants, grocery stores and various entertainment centers located on Atlantic and Garvey. Do NOT DISTURB tenants. **DRIVE BY ONLY** Offers are subject to interior inspection. Property is being sold "as-is" seller will not do any repairs. This is a Trust sale, no court confirmation required. This property will not last, so hurry and submit your highest and best offer!

Last Agent to Sell the Property

Diana Baylor

RE/MAX MASTERS REALTY License #01912648 Listed on: 06/08/2022

RE/MAX MASTERS REALTY

Last Buyer's Agent

TONY NGO

3G REALTY & MORTGAGE INC License #01450728

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1934

Lot Details

  • 0.29 Acre Lot
  • No Common Walls
  • Chain Link Fence
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Single Garage Door

Home Design

  • 3,078 Sq Ft Home
  • Composition Roof

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 16 / R
  • Tax Tract Number 786
  • Assessor Parcel Number 5259009043

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1934

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: MPR3*
  • Property Type: Residential Income
  • Parcel Number: 5259009043
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 523.07

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Single Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard
  • Lot Size Sq Ft: 12694.00
  • Lot Size Acres: 0.2914

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 712 Square Feet
  • Average2 Bed Area: 783 Square Feet
  • Lot Size Area: 12694.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Block: R
  • Tax Census Tract: 4822.02
  • Tax Lot: 16
  • Tax Tract Number: 786

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2022
Closed on
Jun 29, 2022
Sold by
Fortier Family Trust
Bought by
Tony H Ngo And Phuong Le Tran Revocable Livin and Ngo
Seller's Agent
Diana Baylor
RE/MAX MASTERS REALTY
Buyer's Agent
TONY NGO
3G REALTY & MORTGAGE INC
List Price
$1,595,000
Sold Price
$1,610,000
Premium/Discount to List
$15,000
0.94%
Current Estimated Value
$1,751,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,701
Avg. Annual Appreciation
2.50%
Original Mortgage
$1,207,500
Outstanding Balance
$1,155,365
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$596,336

Purchase Details

Closed on
Feb 20, 2014
Sold by
Fortier Lee A and Fortier Shirley A
Bought by
The Fortier Family Trust

Purchase Details

Closed on
Nov 12, 2000
Sold by
Fortier Ruth A Tr Fortier Family Trust
Bought by
Fortier Ruth A and The Ruth A Fortier Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tony H Ngo And Phuong Le Tran Revocable Livin $1,610,000 Orange Coast Title
The Fortier Family Trust -- None Available
Fortier Lee A -- None Available
Fortier Ruth A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tony H Ngo And Phuong Le Tran Revocable Livin $1,207,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2022 08/02/22 Sold $1,610,000 +0.9% $523 / Sq Ft
06/08/2022 06/08/22 For Sale $1,595,000 -- $518 / 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 $22,791 $1,675,044 $1,071,612 $603,432
2024 $22,791 $1,642,200 $1,050,600 $591,600
2023 $22,035 $1,610,000 $1,030,000 $580,000
2022 $2,450 $105,060 $39,011 $66,049
2021 $2,413 $103,001 $38,247 $64,754
2020 $2,397 $101,946 $37,855 $64,091
2019 $2,349 $99,948 $37,113 $62,835
2018 $2,144 $97,989 $36,386 $61,603
2016 $2,047 $94,186 $34,974 $59,212
2015 $2,012 $92,772 $34,449 $58,323
2014 $2,016 $90,956 $33,775 $57,181
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22117207

California Regional Multiple Listing Service (CRMLS)

APN: 5259-009-043