425 N Rural Dr Monterey Park, CA 91755
Estimated payment $14,703/month
Total Views
880,136
10
Beds
6
Baths
3,572
Sq Ft
$680
Price per Sq Ft
Highlights
- Solar Power System
- Primary Bedroom Suite
- Wood Flooring
- Garvey (Richard) Intermediate School Rated A-
- Contemporary Architecture
- 5-minute walk to Sierra Vista Park
About This Home
Wow, A Wonderful Multiple Units + ADU in the Center of Monterey Park! The gated property with the Zoning of MPR3* , spanning a huge lot of 9,110 SqFt and a generous living area of 3,572 SqFt, provides an excellent opportunity for an investor and/or as an owner with unbeatable income. The Front Unit on the second floor with an external staircase, offers 3 decent sized bedrooms and 1 bathrooms, a spacious living room open to a dining room, a kitchen, and two car garage on the first floor.The Middle Unit boasts 4 bedrooms and 3 bathrooms, featuring an open floor plan, a large living room connected to the dining area, kitchen with granite countertops, stainless appliances, pantry family room, and its private gardening yard. The Back Unit is the newly completed ADU on the rear, a suite with its private bathroom, and 2 bedrooms sharing a full bathroom, two car garage.The property provides 3 separate electric meters, 3 gas meters, and 3 post boxes, each unit with its laundry, central air conditioning, wall unit ac, tankless water heaters, and solar panels for ADU. More features including upgraded bathrooms, remodeled kitchens, upgraded hardwood and tile flooring, recessed lights, dual pane windows, cement ground on back and side yard easy to maintain, beautiful front yard garden, and more parking spaces on the front yard and the corner street. Prime location, walking distance to top rated Mark Keppel High School, with all the conveniences to school, public transportation, markets, and numerous gourmet restaurants. Easy access to the I- 10 and 710 freeways, enjoy the dynamic of DTLA, Monterey Park, Alhambra, and the best gourmet foods for you to choose. Minutes’ drive to AMC theater at Atlantic Square, close to Sierra Vista Park, TS Emporium, 99 Ranch Market, bus stations, and medical facilities. Take your chance to make this spectacular Monterey Park property your new home or investment to collect for rent! It won’t last!
Listing Agent
RE/MAX ELITE REALTY Brokerage Phone: 626 589-3179 License #01937896 Listed on: 11/08/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,775
Year Built
- Built in 1929
Lot Details
- 9,110 Sq Ft Lot
- No Common Walls
- Block Wall Fence
- Rectangular Lot
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
- Parking Available
- Driveway
- Automatic Gate
Home Design
- Triplex
- Contemporary Architecture
- Entry on the 1st floor
- Turnkey
- Shingle Roof
- Partial Copper Plumbing
Interior Spaces
- 3,572 Sq Ft Home
- 1-Story Property
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Living Room
- Den
- Laundry Room
Kitchen
- Walk-In Pantry
- Gas Range
- Quartz Countertops
Flooring
- Wood
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- 6 Bathrooms
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Lighting
- Energy-Efficient Insulation
- Solar Power System
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Tankless Water Heater
- Phone Available
Listing and Financial Details
- Tax Lot 24
- Tax Tract Number 2399
- Assessor Parcel Number 5258009060
- $688 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $2,537
- Maintenance Expense $40,000
- Trash Expense $1,200
- Water Sewer Expense $4,800
- Operating Expense $48,536
- Gross Income $168,000
- Net Operating Income $119,464
Map
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Home Values in the Area
Average Home Value in this Area
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 | $18,775 | $1,391,491 | $865,945 | $525,546 |
| 2024 | $18,775 | $1,364,208 | $848,966 | $515,242 |
| 2023 | $16,216 | $1,196,460 | $832,320 | $364,140 |
| 2022 | $15,477 | $1,173,000 | $816,000 | $357,000 |
| 2021 | $15,410 | $1,150,000 | $800,000 | $350,000 |
| 2020 | $13,713 | $1,024,590 | $769,590 | $255,000 |
| 2019 | $13,415 | $1,004,500 | $754,500 | $250,000 |
| 2018 | $1,412 | $78,175 | $22,161 | $56,014 |
| 2016 | $1,333 | $75,141 | $21,301 | $53,840 |
| 2015 | $1,308 | $74,014 | $20,982 | $53,032 |
| 2014 | $1,306 | $72,565 | $20,571 | $51,994 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Price Changed | $2,430,000 | -4.0% | $680 / Sq Ft |
| 11/08/2024 11/08/24 | For Sale | $2,530,000 | +120.0% | $708 / Sq Ft |
| 08/13/2020 08/13/20 | Sold | $1,150,000 | 0.0% | $449 / Sq Ft |
| 07/11/2020 07/11/20 | Pending | -- | -- | -- |
| 07/01/2020 07/01/20 | For Sale | $1,150,000 | +14.5% | $449 / Sq Ft |
| 11/30/2018 11/30/18 | Sold | $1,004,500 | -7.2% | $392 / Sq Ft |
| 10/31/2018 10/31/18 | Pending | -- | -- | -- |
| 08/23/2018 08/23/18 | Price Changed | $1,082,000 | -8.5% | $422 / Sq Ft |
| 08/08/2018 08/08/18 | For Sale | $1,182,000 | -- | $461 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,150,000 | Fidelity National Title Co | |
| Grant Deed | $1,004,500 | North American Title Company | |
| Interfamily Deed Transfer | -- | California Counties Title Co | |
| Grant Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $714,000 | New Conventional | |
| Previous Owner | $396,000 | New Conventional | |
| Previous Owner | $400,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $150,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $375,700 | New Conventional | |
| Previous Owner | $285,000 | Unknown | |
| Previous Owner | $210,000 | New Conventional | |
| Previous Owner | $27,981 | Unknown | |
| Previous Owner | $100,000 | Credit Line Revolving |
Source: Public Records
About the Listing Agent
Lan "Gloria" Xiao, DRE # 01937896 with Re Max Elite Realty works in San Gabriel Valley area, providing home-sellers and buyers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home. Need an agent who knows how to effectively market your home so it sells, Give me a call! I'm eager to help and would love to talk to you. 626 589-3179
Lan 'Gloria''s Other Listings
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS24230378
APN: 5258-009-060
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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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