NOT LISTED FOR SALE

809 E Newmark Ave Monterey Park, CA 91755

Estimated Value: $4,821,000 - $6,049,824

0.83 Acre
$6,647,789 Price per Acre
36,285 Sq Ft Lot

Last Sold June 09, 2016

Last sale price $3,700,000

Est. 47% increase in value since last sale

Current estimated payment $33,564/month

103 Days on Market

Highlights

  • Active Adult
  • 0.83 Acre Lot
  • No HOA
  • City Lights View

About This Lot

As of June 2016

purpose to built 45 units 9 -2br 36- 1br retirement condo, not yet approved by the City of Monterey Park, at present there are total of 12 units on the property, monthly income $13,000+ pr /mo.

Last Agent to Sell the Property

Curt Wang

KO TAI REALTY License #00619215 Listed on: 12/17/2015

KO TAI REALTY

Last Buyer's Agent

PETER LUI

KENT REALTY & INVESTMENT License #00715284

Property Details

Property Type

  • Land

Lot Details

  • 0.83 Acre Lot
  • Lot Dimensions are 120 x 300
  • Property is zoned R-3

Property Views

  • City Lights
  • Neighborhood

Location

  • Suburban Location

Utilities

  • Sewer Assessments
  • Cable TV Available

Community Details

  • Active Adult
  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 786
  • Assessor Parcel Number 5259013040

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Current Use Comments: apartment 12units
  • Improvements: all in
  • Possible Use Comments: 45 retirement home
  • View: Yes
  • Zoning: R-3
  • Property Type: Land
  • Parcel Number: 5259013040
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 101.91

Exterior Features

  • View: City Lights, Neighborhood

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Connected, Water Connected
  • Sewer: Sewer Assessments

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size: 120 x 300
  • Lot Size Sq Ft: 36305.00
  • Price Per Lot Square Foot: 101.91
  • Lot Size Acres: 0.8330

Multi Family

  • Lot Size Area: 36305.0000 Square Feet

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 786

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2016
Sold by
Shi Yin Wong & Wah Lam Foundation
Bought by
809 E Newmark Ave Llc
Current Estimated Value
$5,448,578

Purchase Details

Listed on
Dec 17, 2015
Closed on
Apr 26, 2016
Sold by
Newmark 809 Llc
Bought by
Shi Yin Wong & Wah Lam Foundation
Seller's Agent
Curt Wang
KO TAI REALTY
Buyer's Agent
PETER LUI
KENT REALTY & INVESTMENT
List Price
$4,000,000
Sold Price
$3,700,000
Premium/Discount to List
-$300,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.31%

Purchase Details

Closed on
Jul 16, 2004
Sold by
Leung Sunny K and Leung Grace Y
Bought by
Newmark 809 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2002
Sold by
Leung Sunny K and Leung Grace Y
Bought by
Leung Sunny K and Leung Grace Y

Purchase Details

Closed on
Sep 3, 1993
Sold by
Ou Larry M and Ou Lily L
Bought by
Leung Sunny K and Leung Grace Y
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
809 E Newmark Ave Llc -- None Available
Shi Yin Wong & Wah Lam Foundation $3,688,000 None Available
Newmark 809 Llc $2,100,000 Ticor Title Company
Leung Sunny K -- Southland Title
Leung Sunny K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newmark 809 Llc $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2016 06/09/16 Sold $3,700,000 -7.5% --
03/29/2016 03/29/16 Pending -- -- --
12/17/2015 12/17/15 For Sale $4,000,000 -- --
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 $60,207 $4,365,838 $4,261,668 $104,170
2024 $60,207 $4,280,234 $4,178,106 $102,128
2023 $58,029 $4,196,309 $4,096,183 $100,126
2022 $55,427 $4,114,029 $4,015,866 $98,163
2021 $55,169 $4,033,363 $3,937,124 $96,239
2019 $53,125 $3,914,714 $3,820,348 $94,366
2018 $52,699 $3,837,975 $3,745,440 $92,535
2016 $33,269 $2,472,739 $1,778,018 $694,721
2015 $32,624 $2,435,597 $1,751,311 $684,286
2014 $32,226 $2,387,888 $1,717,006 $670,882
Source: Public Records

Agents Affiliated with this Home

  • Curt Wang

    Seller's Agent in 2016

    Curt Wang

    KO TAI REALTY

    (626) 374-8887

    2 Total Sales

    Curt Wang
    Section Image

  • P

    Buyer's Agent in 2016

    PETER LUI

    KENT REALTY & INVESTMENT

    (626) 282-9228

    1 in this area

    7 Total Sales

    PETER LUI
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS15263724

California Regional Multiple Listing Service (CRMLS)

APN: 5259-013-040

California Los Angeles County Monterey Park 91755

809 E Newmark Ave, Monterey Park, CA

Not Listed for Sale

Lots

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