NOT LISTED FOR SALE

148 Poinsettia Ave Monrovia, CA 91016

Estimated Value: $1,006,000 - $1,251,000

3 Beds
2 Baths
1,510 Sq Ft
$762/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $1,015,000 $672 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $7,610/month

27 Days on Market

Highlights

  • Laundry Room
  • Clifton Middle School Rated A-
  • Back and Front Yard

About This Home

As of April 2022

Welcome to this great income property located in the wonderful city of Monrovia. Walk into the first unit of this duplex. Immediately be greeted by the spacious living room featuring new laminated wood flooring, new double-pane windows, and lots of natural light! Walk towards the kitchen that’s not only ample in size but features lots of wooden cabinetry, new flooring, new granite countertops, plenty of space for a breakfast table, and washer & dryer hookups. This unit has one full bathroom, featuring beautiful tile placed throughout, a new sink, a new window, and new shower fixtures. Both bedrooms are ample size with great closet space, newly installed laminated wood flooring, and new double-pane windows. Each unit has its own backyard, with plenty of room to entertain. Outback head over to the second unit with its own private entrance and mailbox. This unit has both a front yard and a backyard! The spacious living area features a lot of natural light, new laminated flooring, crown molding throughout, and recessed lights. There’s plenty of room for a dining area! This unit has its own full bath that has been recently remodeled. The master bedroom has plenty of closet space and even a sitting area for you to enjoy your morning coffee. Walk on over to your own kitchen with newly installed wooden cabinets, new granite countertops, and best of all your own laundry area! The second unit has a large backyard with plenty of space to add an ADU or simply entertain. This property has a very long driveway with plenty of space for everyone to park. Centrally located a walk away from Old Town Monrovia, local supermarkets, restaurants, and the Metro Gold-Line. This is the perfect income property. Don't miss out on the opportunity to own this home in a wonderful established neighborhood in Monrovia.

***This property is not for Rent****

Last Listed By

Alejandro Lopez

The Real Estate Club License #01858567 Listed on: 02/02/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,220

Year Built

  • Built in 1952

Lot Details

  • 6,933 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 6 Car Garage

Home Design

  • 1,510 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 4068
  • Assessor Parcel Number 8518014014
  • $645 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,220

Year Built

Built in 1952

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 449000
  • Property Attached: No
  • Zoning: MORM*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8518014014
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 672.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6933.00
  • Lot Size Acres: 0.1592

Multi Family

  • Lot Size Area: 6933.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4303.02
  • Tax Lot: 6
  • Tax Tract Number: 4068
  • TaxOtherAnnualAssessmentAmount: 645.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2022
Closed on
Mar 18, 2022
Sold by
Louis Ferrari Jr George
Bought by
George L Ferrari Trust
Seller's Agent
Alejandro Lopez
The Real Estate Club
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$898,000
Sold Price
$1,015,000
Premium/Discount to List
$117,000
13.03%
Total Days on Market
27
Current Estimated Value
$1,151,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,208
Avg. Annual Appreciation
2.31%

Purchase Details

Closed on
Dec 6, 2011
Sold by
Ferrari George L
Bought by
Ferrari George L and George L Ferrari Trust

Range of Values:

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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
Ferrari George L -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2022 04/15/22 Sold $1,015,000 +13.0% $672 / Sq Ft
02/02/2022 02/02/22 For Sale $898,000 -- $595 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $14,220 $1,056,005 $791,744 $264,261
2023 $14,906 $1,035,300 $776,220 $259,080
2022 $1,467 $63,467 $33,465 $30,002
2021 $1,433 $62,223 $32,809 $29,414
2020 $1,405 $61,586 $32,473 $29,113
2019 $1,387 $60,380 $31,837 $28,543
2018 $1,347 $59,197 $31,213 $27,984
2016 $1,288 $56,900 $30,001 $26,899
2015 $1,266 $56,046 $29,551 $26,495
2014 $1,268 $54,949 $28,973 $25,976
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22020675

California Regional Multiple Listing Service (CRMLS)

APN: 8518-014-014