Seller's Agent in 2015
Kristopher German
RE/MAX
(909) 645-0443
3 in this area
124 Total Sales
9713 Garvey Ave El Monte, CA 91733
Estimated Value: $4,408,114
9
Beds
7
Baths
8,966
Sq Ft
$492/Sq Ft
Est. Value
About This Home
As of December 2015We are pleased to exclusively offer for sale this 19 unit mixed use property in the desirable rental community of South El Monte. This property is comprised of 3 retail units and 16 apartment units which are situated on a very large 27,778 sqft lot. Total rental square feet measured at 8,996 (buyer to verify). The unit mix of the multi-family dwelling is 3(2 Bed/1 Bath)s, 7(1 Bed/1 Bath)s, & 6(Studios). There is an abundance of onsite parking given the size of the lot which is both car-port and open space. All tenants, both retail and apartments, are long term and stable. Given the lot size and zoning there is a perfect opportunity for a new investor to develop a multi-story retail, multi-family, or mix of both (buyer to verify with the proper city departments).
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 09/18/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1942
Lot Details
- 27,778 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 8,966 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Parking
- 27 Parking Spaces
- 7 Carport Spaces
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 15
- Assessor Parcel Number 8581015007
Community Details
Overview
- 8 Buildings
- 19 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $7,400
- Gardener Expense $360
- Insurance Expense $3,586
- Maintenance Expense $15,701
- Other Expense $3,800
- Professional Management Expense $6,000
- Trash Expense $7,736
- Water Sewer Expense $5,123
- New Taxes Expense $30,791
- Gross Income $19,270
- Net Operating Income $137,019
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 18, 2015
Closed on
Dec 1, 2015
Sold by
Saeliu Paul and Saellu Jin
Bought by
The Ruigen & Li Fong Yu Family Trust
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Amy Wang
High Ten Partners, Inc.
List Price
$2,495,000
Sold Price
$2,480,000
Premium/Discount to List
-$15,000
-0.6%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,928,114
Avg. Annual Appreciation
5.75%
Original Mortgage
$1,300,000
Outstanding Balance
$1,026,703
Interest Rate
3.83%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$3,381,411
Purchase Details
Closed on
Apr 4, 2009
Sold by
Saeliu Paul and Saeliu Jin
Bought by
Saeliu Paul and Saeliu Jin
Purchase Details
Closed on
Nov 9, 2004
Sold by
Grace Investment Co
Bought by
Saeliu Paul and Wu Jin H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
5.64%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 18, 2004
Sold by
Chen Henry Cho Chang and Chen Grace Shu Chen
Bought by
Grace Investment Co
Purchase Details
Closed on
Aug 6, 2003
Sold by
Huen Siu Kai and Mok Kam Hing
Bought by
Chen Henry Cho Chang and Chen Grace Shu Chen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$805,000
Interest Rate
6.4%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 3, 1995
Sold by
Christou John S and Christou International Investm
Bought by
Huen Siu Kai and Mok Kam Hing
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,500
Interest Rate
7.9%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| The Ruigen & Li Fong Yu Family Trust | $2,480,000 | Fidelity National Title Co | |
| Saeliu Paul | -- | None Available | |
| Saeliu Paul | $1,800,000 | Stewart Title Company | |
| Grace Investment Co | -- | -- | |
| Chen Henry Cho Chang | $1,325,000 | First American Title Co | |
| Huen Siu Kai | $590,000 | Landsafe Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | The Ruigen & Li Fong Yu Family Trust | $1,300,000 | |
| Previous Owner | Saeliu Paul | $1,190,000 | |
| Previous Owner | Chen Henry Cho Chang | $805,000 | |
| Previous Owner | Huen Siu Kai | $383,500 | |
| Closed | Huen Siu Kai | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/11/2015 12/11/15 | Sold | $2,480,000 | -0.6% | $277 / Sq Ft |
| 10/05/2015 10/05/15 | Pending | -- | -- | -- |
| 09/18/2015 09/18/15 | For Sale | $2,495,000 | -- | $278 / 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 | $37,019 | $2,943,395 | $1,156,566 | $1,786,829 |
| 2024 | $37,019 | $2,885,683 | $1,133,889 | $1,751,794 |
| 2023 | $36,235 | $2,829,102 | $1,111,656 | $1,717,446 |
| 2022 | $35,457 | $2,780,930 | $1,089,859 | $1,691,071 |
| 2021 | $34,684 | $2,719,246 | $1,068,490 | $1,650,756 |
| 2020 | $34,614 | $2,700,514 | $1,057,534 | $1,642,980 |
| 2019 | $86 | $2,640,944 | $1,036,799 | $1,604,145 |
| 2018 | $34,704 | $2,589,341 | $1,016,470 | $1,572,871 |
| 2016 | $33,238 | $2,480,000 | $977,000 | $1,503,000 |
| 2015 | $28,383 | $2,087,650 | $811,863 | $1,275,787 |
| 2014 | $27,185 | $2,046,757 | $795,960 | $1,250,797 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
-
Amy Wang
Buyer's Agent in 2015
Amy Wang
High Ten Partners, Inc.
(626) 462-5612
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV15206409
APN: 8581-015-007
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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