NOT LISTED FOR SALE

847 W Olive Ave Monrovia, CA 91016

Estimated Value: $1,301,000 - $1,646,000

7 Beds
3 Baths
3,089 Sq Ft
$476/Sq Ft Est. Value

Last Sold June 09, 2017

Last sale price $965,000 $312 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $9,073/month

96 Days on Market

Highlights

  • Central Heating
  • Monrovia High School Rated A
  • Front Yard

About This Home

As of June 2017

Rare income property in prime location in Monrovia.  Three units: a duplex and a single family home make a great investment or ideal to live in one and rent out the others.  The front house has 3 bedrooms and 1 bath and the duplex in the back has 2 bedrooms and 1 bath each.  The single family residence in the front has a decorative, attached, drive through carport that leads to the rear of the property.  There is an additional carport for tenant parking as well.  Located on a beautiful street near Old Town Monrovia and close to metro, freeways, restaurants and excellent schools.

Last Agent to Sell the Property

Stephanie Villavicencio

REALTY ONE GROUP MASTERS License #01320234 Listed on: 02/01/2017

REALTY ONE GROUP MASTERS

Last Buyer's Agent

Zeina Maalouf

Positive Investments License #01787347

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 8,693 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • 3,089 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 8667
  • Assessor Parcel Number 8506024005

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,156
  • Trash Expense $856
  • Water Sewer Expense $1,764
  • New Taxes Expense $4,756
  • Operating Expense $8,533
  • Net Operating Income $32,267

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1764.00
  • Zoning: MORH*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 8506024005
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 312.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 856.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 8693.00

Multi Family

  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 1156.00
  • Net Operating Income: 32267.19
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 8532.81
  • Rent Control: No
  • Total Expenses: 8532.81

Tax Info

  • New Taxes Expense: 4756.00
  • Tax Census Tract: 4309.01
  • Tax Lot: 6
  • Tax Tract Number: 8667

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2017
Closed on
May 18, 2017
Sold by
Cervantes Simon R and Cervantes Margarita
Bought by
Nesnas Issa and Nesnas Suhair
Seller's Agent
Stephanie Villavicencio
REALTY ONE GROUP MASTERS
Buyer's Agent
Zeina Maalouf
Positive Investments
List Price
$975,000
Sold Price
$965,000
Premium/Discount to List
-$10,000
-1.03%
Current Estimated Value
$1,469,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,549
Avg. Annual Appreciation
4.99%
Original Mortgage
$723,750
Outstanding Balance
$600,728
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$868,821

Purchase Details

Closed on
Jul 6, 1998
Sold by
Gaytan Ubaldo and Gaytan Gaudencia
Bought by
Cervantes Simon R and Cervantes Margarita

Purchase Details

Closed on
Nov 7, 1996
Sold by
Courtney Thomas and Courtney Maryrose
Bought by
Cervantes Simon and Cervantes Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,027
Interest Rate
7.56%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Nesnas Issa $965,000 Chicago Title Company
Cervantes Simon R -- --
Cervantes Simon $215,000 Guardian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nesnas Issa $723,750
Previous Owner Cervantes Simon $208,027
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2017 06/09/17 Sold $965,000 -1.0% $312 / Sq Ft
05/08/2017 05/08/17 Pending -- -- --
03/03/2017 03/03/17 For Sale $975,000 0.0% $316 / Sq Ft
02/06/2017 02/06/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $975,000 -- $316 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,292 $1,119,957 $671,976 $447,981
2024 $15,292 $1,097,998 $658,800 $439,198
2023 $14,948 $1,076,470 $645,883 $430,587
2022 $14,520 $1,055,364 $633,219 $422,145
2021 $14,234 $1,034,671 $620,803 $413,868
2019 $13,564 $1,003,985 $602,391 $401,594
2018 $13,204 $984,300 $590,580 $393,720
2016 $4,756 $307,397 $168,622 $138,775
2015 $4,660 $302,781 $166,090 $136,691
2014 $4,631 $296,851 $162,837 $134,014
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17021124

California Regional Multiple Listing Service (CRMLS)

APN: 8506-024-005