NOT LISTED FOR SALE
7 Beds
5 Baths
2,687 Sq Ft
0.32 Acres

Last Sold May 22, 2023

Last sale price $1,300,000 $484 Per Sq Ft

21 Days on Market

Highlights

  • 0.32 Acre Lot
  • Ranch Style House
  • Wood Frame Window
  • El Monte High School Rated A-
  • No HOA
  • Laundry Room

About This Home

As of May 2023

5 units on a large lot with huge potential and upside in an average plus location. Rents are below market; there is considerable deferred maintenance which is reflected in the price. All income and expense statements are provided by the management company, buyer to verify. Some units may be vacant or may become vacant during escrow, buyer will be notified accordingly. All figures that are stated are based on statements provided by the management company in September, recent statements can be downloaded from the supplement section.

Last Agent to Sell the Property

Dean Abston

Berkshire Hathaway HomeServices California Properties License #01202855 Listed on: 01/20/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Cora Chu

IRN REALTY License #01962391

IRN REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 0.32 Acre Lot
  • No Common Walls
  • Fenced
  • Density is up to 1 Unit/Acre

Home Design

  • Ranch Style House
  • Fixer Upper

Interior Spaces

  • 2,687 Sq Ft Home
  • Wood Frame Window
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Location

  • Urban Location

Utilities

  • Heating Available
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 12422
  • Assessor Parcel Number 8581013021
  • $3,581 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Electric Expense $900
  • Fuel Expense $430
  • Insurance Expense $3,387
  • Professional Management Expense $3,610
  • Trash Expense $4,127
  • Water Sewer Expense $2,495
  • Operating Expense $20,411
  • Gross Income $10,344
  • Net Operating Income $101,371

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 221000
  • Professional Management Expense: 3610.00
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 2495.00
  • Zoning: EMR3*
  • Architectural Style: Ranch
  • Property Condition: Fixer
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 8581013021
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: No Common Walls
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Price Per Square Foot: 483.81
  • Room Type: All Bedrooms Down
  • Window Features: Wood Frames

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No
  • Construction Materials: Unknown

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Electric: Standard
  • Sewer: Public Sewer
  • Trash Expense: 4127.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13856.00
  • Lot Size Acres: 0.3181

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 900.00
  • Fuel Expense: 430.00
  • Gross Income: 10344.00
  • Gross Scheduled Income: 103440.00
  • Insurance Expense: 3387.00
  • Lot Size Area: 13856.0000 Square Feet
  • Net Operating Income: 101371.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 20411.00
  • Rent Control: No
  • Total Actual Rent: 8620.00
  • Total Expenses: 20411.16

Tax Info

  • Tax Census Tract: 4331.03
  • Tax Lot: 12
  • Tax Tract Number: 12422
  • TaxOtherAnnualAssessmentAmount: 3581.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2023 05/22/23 Sold $1,300,000 +17.6% $484 / Sq Ft
02/10/2023 02/10/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $1,105,000 +2.3% $411 / Sq Ft
02/04/2019 02/04/19 Sold $1,080,000 -1.6% $402 / Sq Ft View Prior Sale
09/17/2018 09/17/18 Price Changed $1,098,000 -8.3% $409 / Sq Ft
03/29/2018 03/29/18 Price Changed $1,198,000 -4.2% $446 / Sq Ft
02/22/2018 02/22/18 For Sale $1,250,000 -- $465 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23010555

California Regional Multiple Listing Service (CRMLS)