$650,300
SOLD SEP 11, 2014

807 W Olive Ave Monrovia, CA 91016

5 Beds
3 Baths
2,000 Sq Ft
5,838 Sq Ft Lot

Recently Sold

$325 Per Sq Ft

24 Days on Market

Highlights

  • Contemporary Architecture
  • Laundry Room
  • Central Heating and Cooling System
  • Monrovia High School Rated A
  • Foothills
  • Turnkey

About This Home

As of April 2018

2 Separate Houses on lot joined only at the garage. Nice neighborhood of Monrovia close to downtown and schools.

Rear Home is 4 Bedroom and 2 Bath with private fenced rear yard and patio. Front House is 1 Bedroom and 1 Bath with a small private side yard. Both homes have an attached garage. Additional parking pad in front of property.

Both houses remodeled throughout less than 5 years ago with new central air, granite counters, fixtures, ceiling fans, windows, paint and flooring. Nicely Landscaped.

Suitable for Live In Owner or Excellent for an Investor. Both units are currently leased month to month.

Existing private loan of approximately $200,000 may be assumable.

Last Agent to Sell the Property

Jerry Baker

Coldwell Banker Dynasty T.C. License #00778176 Listed on: 07/13/2014

Coldwell Banker Dynasty T.C.

Co-Listed By

Connie Snider Baker

Coldwell Banker Dynasty T.C. License #01819025

Last Buyer's Agent

Robert Doeppel

RBD Real Estate Services, INC. License #00879661

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,495

Year Built

  • Built in 1951

Lot Details

  • 5,838 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,000 Sq Ft Home
  • Carpet

Kitchen

  • Gas Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 8070
  • Assessor Parcel Number 8506023005

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Foothills

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • New Taxes Expense $9,000
  • Gross Income $2,675
  • Net Operating Income $32,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,495

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: Co-Agent
  • Other Phone Number: 626-253-6392
  • Property Attached: Yes
  • View: No
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 8506023005
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 325.15

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Foothills, Street Lights, Storm Drains

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 5838.00
  • Lot Size Acres: 0.1340

Multi Family

  • Gross Income: 2675.00
  • Gross Scheduled Income: 32100.00
  • Lot Size Area: 5838.0000 Square Feet
  • Net Operating Income: 32100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Lot: 1
  • Tax Tract Number: 8070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2018
Closed on
Apr 23, 2018
Sold by
Spencer Gianna A and Adams Richard
Bought by
Hsin Fei Andy and Yang Sandy Tzu Hui
Seller's Agent
Rosi Ueng
Treelane Realty Group Inc.
Buyer's Agent
Rosi Ueng
Treelane Realty Group Inc.
Sold Price
$1,800
Current Estimated Value
$1,150,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,148,652
Avg. Annual Appreciation
3.41%
Original Mortgage
$465,000
Outstanding Balance
$401,603
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$738,743

Purchase Details

Listed on
Apr 28, 2018
Closed on
Mar 29, 2018
Sold by
Spencer Frank Daniel
Bought by
Spencer Gianna A
Seller's Agent
Rosi Ueng
Treelane Realty Group Inc.
Buyer's Agent
Rosi Ueng
Treelane Realty Group Inc.
Sold Price
$1,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Outstanding Balance
$401,603
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$738,743

Purchase Details

Closed on
Sep 21, 2016
Sold by
Gioia Eugene P and Gioia Athena V
Bought by
Gioia Eugene P and Gioia Athena V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$509,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2014
Closed on
Aug 5, 2014
Sold by
Shields Donald J and Lavin Family Trust
Bought by
Gioia Eugene P and Gioia Athena V
Seller's Agent
Jerry Baker
Coldwell Banker Dynasty T.C.
Buyer's Agent
Robert Doeppel
RBD Real Estate Services, INC.
List Price
$649,800
Sold Price
$650,300
Premium/Discount to List
$500
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.23%
Original Mortgage
$520,200
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2009
Sold by
Sanger Llc
Bought by
Lavin Ellen A and Lavin Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.02%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 24, 2008
Sold by
Picard Kit L and Koloski Jeff L
Bought by
Sanger Llc

Purchase Details

Closed on
Mar 31, 2005
Sold by
Pa Sanger 2000 Lp
Bought by
Picard Kit L and Koloski Jeff

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.87%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 18, 2004
Sold by
Sanger Grace
Bought by
Sanger Llc

Purchase Details

Closed on
Oct 20, 2003
Sold by
Sanger Llc
Bought by
Sanger Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2003
Sold by
Sanger Grace
Bought by
Oaks Lela Susan and Sanger Family Trust Of 1998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2003
Sold by
Sanger Llc
Bought by
Sanger 2000 Lp

Purchase Details

Closed on
Aug 8, 2001
Sold by
Sanger 2000 Ltd Partnership
Bought by
Sanger Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
7.1%

Purchase Details

Closed on
Nov 7, 2000
Sold by
Oaks Lela Susan and Sanger Family Trust Of 1998
Bought by
Sanger 2000 Ltd Partnership

Purchase Details

Closed on
Apr 3, 1998
Sold by
Sanger Grace
Bought by
Sanger Grace and The Grace Sanger Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $890,000 Chicago Title Company
Grant Deed -- Chicago Title Company
Grant Deed -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- North American Title Co Inc
Grant Deed $650,500 Lawyers Title
Grant Deed $550,000 Fidelity National Title Co
Grant Deed -- Fidelity National Title
Grant Deed $500,000 Chicago Title
Grant Deed -- --
Interfamily Deed Transfer -- First Southwestern Title
Interfamily Deed Transfer -- First Southwestern Title
Grant Deed -- --
Grant Deed -- --
Interfamily Deed Transfer -- --
Individual Deed -- Old Republic Title Company
Grant Deed -- --
Grant Deed -- --
Grant Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $465,000 New Conventional
Previous Owner $509,000 New Conventional
Previous Owner $520,200 New Conventional
Previous Owner $250,000 Seller Take Back
Previous Owner $50,000 Stand Alone Second
Previous Owner $500,000 Seller Take Back
Previous Owner $208,000 Purchase Money Mortgage
Previous Owner $199,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2018 05/12/18 For Rent $1,800 0.0% --
05/11/2018 05/11/18 Off Market $1,800 -- --
05/11/2018 05/11/18 Rented $1,800 0.0% --
04/28/2018 04/28/18 For Rent $1,800 0.0% --
04/25/2018 04/25/18 Sold $890,000 -1.0% $396 / Sq Ft
02/09/2018 02/09/18 For Sale $898,888 +38.2% $400 / Sq Ft
09/11/2014 09/11/14 Sold $650,300 +0.1% $325 / Sq Ft
08/06/2014 08/06/14 Pending -- -- --
07/13/2014 07/13/14 For Sale $649,800 -- $325 / 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 $13,495 $1,012,663 $405,065 $607,598
2024 $13,495 $992,808 $397,123 $595,685
2023 $13,185 $973,342 $389,337 $584,005
2022 $12,801 $954,257 $381,703 $572,554
2021 $12,554 $935,547 $374,219 $561,328
2020 $12,167 $925,955 $370,382 $555,573
2019 $11,951 $907,800 $363,120 $544,680
2018 $9,069 $686,887 $475,318 $211,569
2016 $8,721 $660,216 $456,862 $203,354
2015 $8,530 $650,300 $450,000 $200,300
2014 $7,717 $579,143 $421,196 $157,947
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14148884

California Regional Multiple Listing Service (CRMLS)

APN: 8506-023-005