NOT LISTED FOR SALE

Estimated Value: $6,023,151

0.83 Acre
$7,230,673 Price per Acre
36,305 Sq Ft Lot

Sale Details

Date Sold: June 9, 2016

Last sale price $3,700,000

Est. 63% increase in value since last sale

Current estimated payment $38,355 / mo

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

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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Property Details

Property Type

  • Land

Lot Details

  • 36,305 Sq Ft 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

0.83 Acres

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

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

Closed on
Aug 26, 2016
Sold by
Bought by
Current Estimated Value
$6,023,151

Purchase Details

Listed on
Dec 17, 2015
Closed on
Apr 26, 2016
Sold by
Bought by
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
4.92%

Purchase Details

Closed on
Jul 16, 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
$750,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2002
Sold by
Bought by

Purchase Details

Closed on
Sep 3, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Monterey Park, CA

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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
-- None Available
$3,688,000 None Available
$2,100,000 Ticor Title Company
-- Southland 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
Previous Owner $1,110,000
Previous Owner $450,000
Previous Owner $750,000
Previous Owner $750,000
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
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

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 $62,228 $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

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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

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