NOT LISTED FOR SALE

Montebello, CA 90640

Estimated Value: $981,000 - $1,335,000

6 Beds
4 Baths
2,756 Sq Ft
$413/Sq Ft Est. Value

Last Sold June 06, 2013

Last sale price $580,000 $210 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $6,744/month

22 Days on Market

Highlights

  • Contemporary Architecture
  • 4 Detached Carport Spaces
  • Wall Furnace

About This Home

As of June 2013

Investors stop here! Cash-flow in Montebello. Rents are BELOW MARKET! Upside potential! This 4 unit income property located in Montebello won't last! Two 2BD/1BA and Two 1BD/1BA nicely kept units in a nice neighborhood. Current Rents: 2BD $900, 2BD (Vacant), 1BD $900, 1BD $800. All offers considered (Owner occupied, non-owner occupied, FHA, VA OK!)

Last Agent to Sell the Property

Christian Gastelum

Premier Properties of Pasadena License #01371788 Listed on: 03/19/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 5,024

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available

Utilities

  • Wall Furnace
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • 5,024 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 6352029017

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $75
  • Insurance Expense $107
  • Water Sewer Expense $170
  • Operating Expense $12,300
  • Net Operating Income $35,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • CapRate: 6.10
  • Property Attached: No
  • Water Sewer Expenses: 170.00
  • Zoning: R3
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 75.00
  • Parcel Number: 6352029017
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes

Exterior Features

  • Foundation: Slab
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Covered, Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5024.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 12.27
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 107.00
  • Lot Size Area: 5024.0000 Square Feet
  • Net Operating Income: 35700.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 14008.00
  • Total Expenses: 12300.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2013
Closed on
May 21, 2013
Sold by
Ortega Armando
Bought by
Liu Xiao Qin and Sou Susana Ka Wia
Seller's Agent
Christian Gastelum
Premier Properties of Pasadena
List Price
$589,000
Sold Price
$580,000
Premium/Discount to List
-$9,000
-1.53%
Current Estimated Value
$1,137,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$557,000
Avg. Annual Appreciation
5.48%
Original Mortgage
$435,000
Outstanding Balance
$306,717
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$830,283

Purchase Details

Closed on
Oct 27, 2004
Sold by
Gasca Monica Ordaz
Bought by
Ortega Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Interest Rate
5.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2003
Sold by
Fernandez Salvador
Bought by
Ortega Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2000
Sold by
Leon Alfonso E
Bought by
Fernandez Salvador and Fernandez Brigid U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
8.38%

Purchase Details

Closed on
Oct 15, 1999
Sold by
Renteria George I
Bought by
Leon Alfonso E and Leon Alicia
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
Liu Xiao Qin $580,000 Title 365
Ortega Armando -- Security Union Title
Ortega Armando $385,000 Investors Title Company
Fernandez Salvador $155,000 American Title Co
Leon Alfonso E $2,820 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Xiao Qin $435,000
Previous Owner Ortega Armando $407,000
Previous Owner Ortega Armando $308,000
Previous Owner Fernandez Salvador $108,500
Closed Ortega Armando $77,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2013 06/06/13 Sold $580,000 -1.5% $210 / Sq Ft
04/10/2013 04/10/13 Pending -- -- --
03/19/2013 03/19/13 For Sale $589,000 -- $214 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $10,288 $714,215 $430,993 $283,222
2024 $10,288 $700,212 $422,543 $277,669
2023 $10,276 $686,483 $414,258 $272,225
2022 $9,937 $673,024 $406,136 $266,888
2021 $9,605 $659,828 $398,173 $261,655
2019 $9,241 $640,260 $386,364 $253,896
2018 $9,378 $627,707 $378,789 $248,918
2016 $8,962 $603,334 $364,081 $239,253
2015 $8,467 $594,273 $358,613 $235,660
2014 $8,358 $582,633 $351,589 $231,044
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Christian Gastelum

    Premier Properties of Pasadena

    (626) 789-8855

    1 in this area

    19 Total Sales

    Christian Gastelum
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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22173580

Pasadena-Foothills Association of REALTORS®

APN: 6352-029-017

California Los Angeles County Montebello

90640

Not Listed for Sale

MultiFamily

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