NOT LISTED FOR SALE

Monrovia, CA 91016

Estimated Value: $885,733 - $1,067,000

2 Beds
2 Baths
1,109 Sq Ft
$884/Sq Ft Est. Value

Last Sold May 14, 2013

Last sale price $412,000 $372 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $6,007/month

55 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Laundry Room
  • Plymouth Elementary School Rated A-
  • Galley Kitchen
  • Ceiling Fan

About This Home

As of May 2013

Great Opportunity to own a Duplex in a great Monrovia rental area. Both units have one bedroom and bath. Unit A has a fireplace. Unit B has a private gated yard. Attached 2 car garage. Great property for a first time buyer/investor. Presently both units are occupied.

Last Agent to Sell the Property

Angela Abadjian

Legend Realtors License #01049155 Listed on: 03/19/2013

Last Buyer's Agent

Jodi Breneman

Douglas Elliman of California Inc. License #01320432

Douglas Elliman of California Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,104

Year Built

  • Built in 1948

Lot Details

  • 6,345 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Frame Construction
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Carpet

Kitchen

  • Galley Kitchen
  • Gas Oven or Range

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Assessor Parcel Number 8507009008

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $2,620
  • Net Operating Income $20,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,104

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 8507009008
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Entry Location: Living Room
  • Flooring: Carpet
  • Appliances: Yes
  • Room Type: Galley Kitchen

Exterior Features

  • Foundation: Slab
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooking, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6345.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Scheduled Income: 23400.00
  • Lot Size Area: 6345.0000 Square Feet
  • Net Operating Income: 20700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 2620.00
  • Total Expenses: 2620.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2013
Closed on
Apr 30, 2013
Sold by
Abadjian Haroutioun
Bought by
Ball Nina
Seller's Agent
Angela Abadjian
Legend Realtors
Buyer's Agent
Jodi Breneman
Douglas Elliman of California Inc.
List Price
$398,000
Sold Price
$412,000
Premium/Discount to List
$14,000
3.52%
Current Estimated Value
$980,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$568,433
Avg. Annual Appreciation
7.35%
Original Mortgage
$397,562
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
May 10, 2010
Sold by
Abadjian Haroutioun and Abadjian Marie
Bought by
Abadjian Haroutioun

Purchase Details

Closed on
May 26, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Abadjian Haroutian and Abadjian Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2009
Sold by
Meyer Steven and Meyer Cassandra
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jul 24, 2006
Sold by
Meyer Steven and Meyer Cassandra
Bought by
Mereyden Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
8.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 25, 2005
Sold by
Meyer Steven and Meyer Cassandra
Bought by
Mereyden Investments Llc

Purchase Details

Closed on
Mar 24, 2005
Sold by
Watkins William James
Bought by
Meyer Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,800
Interest Rate
1.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Ball Nina $412,000 Title 365 Company
Abadjian Haroutioun -- None Available
Abadjian Haroutian $320,000 Landsafe Title
Deutsche Bank National Trust Company $343,800 Landsafe Title
Mereyden Investments Llc -- Chicago Title Co
Meyer Steven -- Chicago Title Co
Mereyden Investments Llc -- --
Meyer Steven $451,000 Itc Glen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ball Nina $446,601
Closed Ball Nina $386,000
Closed Ball Nina $397,562
Previous Owner Abadjian Haroutian $240,000
Previous Owner Meyer Steven $420,000
Previous Owner Meyer Steven $360,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2013 05/14/13 Sold $412,000 +3.5% $372 / Sq Ft
05/13/2013 05/13/13 Pending -- -- --
03/19/2013 03/19/13 For Sale $398,000 -- $359 / 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 $7,104 $507,336 $418,680 $88,656
2024 $7,104 $497,389 $410,471 $86,918
2023 $6,945 $487,637 $402,423 $85,214
2022 $6,748 $478,077 $394,533 $83,544
2021 $6,618 $468,704 $386,798 $81,906
2019 $6,313 $454,804 $375,326 $79,478
2018 $6,137 $445,887 $367,967 $77,920
2016 $5,908 $428,575 $353,679 $74,896
2015 $5,781 $422,138 $348,367 $73,771
2014 $5,729 $413,869 $341,543 $72,326
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Angela Abadjian

    Legend Realtors

  • Jodi Breneman

    Buyer's Agent in 2013

    Jodi Breneman

    Douglas Elliman of California Inc.

    (626) 705-2183

    12 in this area

    48 Total Sales

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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22173593

Pasadena-Foothills Association of REALTORS®

APN: 8507-009-008

California Los Angeles County Monrovia

91016

This home since 19 March 2013 and is currently estimated at $980,433, approximately $884 per square foot. This property was built in 1948. This home is a home located in Los Angeles County with nearby schools including Plymouth Elementary School, Santa Fe Computer Science Magnet, and Monrovia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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