531 North Ynez Avenue

Monterey Park, CA 91754

$1,488,888
Price
8
Beds
3
Baths
2,852 Sq. Ft.
$522 / Sq. Ft.
2,852
Sq. Ft.
$522
per Sq. Ft.

Description

Excellent Opportunity! Great Location! Excellent Investment Property "TRIPLEX" for Investors or First Time Buyers, in a highly desirable area of Monterey Park. Property consist of Three units, The front build, 1st unit first floor is a 3 bedroom 1 bathroom 1 Detached Car garage, 2nd unit 3 bedrooms, 1 bathroom, 1 Detached Car garage and 3rd unit 2 bedroom 1 bathroom, plus additional bonus room and 1 Detached Car garage. All units have Central A/C & Heating, 2 assigned parking space for all units....Excellent Opportunity! Great Location! Excellent Investment Property "TRIPLEX" for Investors or First Time Buyers, in a highly desirable area of Monterey Park. Property consist of Three units, The front build, 1st unit first floor is a 3 bedroom 1 bathroom 1 Detached Car garage, 2nd unit 3 bedrooms, 1 bathroom, 1 Detached Car garage and 3rd unit 2 bedroom 1 bathroom, plus additional bonus room and 1 Detached Car garage. All units have Central A/C & Heating, 2 assigned parking space for all units. All units have their own Electric panel & Gas Meter. Currently all units are into month-to-month lease. Conveniently located in between Atlantic Blvd and Garfield Ave. Close to restaurants, banks, cafes, supermarkets, schools, public library and parks. Easy access to the 10 & 710 freeways, about 9 miles to downtown Los Angeles. Don't miss out on the incredible opportunity to own this great Investment property in Monterey Park!. "drive by only. Do not disturb tenants". "drive by only, do not disturb tenants".
  1. Listed by Ignacio Perez Mero • DRE #02014295 • Brokerage DRE #02121867 • Fidelity Mortgage Company • 562-745-8672

Property Details for 531 North Ynez Avenue

Parking Spaces Total
5
Private Pool
No
Cooling Type
Central Forced Air
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2852
Assessor Parcel Number
5256-010-038

Location

Listing Courtesy of Fidelity Mortgage Company, Ignacio Perez Mero, DRE #02014295
Add your commute
LISTING UPDATED: 05/25/2024 02:49 PM

Property Details for 531 North Ynez Avenue

StatusActive
MLS #DW24094439
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.23 AC / 9,894 SF
CountyLos Angeles County

Location

Listing Courtesy of Fidelity Mortgage Company, Ignacio Perez Mero, DRE #02014295
Add your commute

Building Information for 531 North Ynez Avenue

Stories2Residences-Year Built1921Building Size-Lot Size0.23 AC / 9,894 SF

Payment Calculator

$9,160 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,125

Property Taxes

$1,035

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 531 North Ynez Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $79,200
  • Gross Scheduled Income: $79,200
  • Net Operating Income: $76,224
Expense Details
  • Operating Expense: $2,976
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,600
  • Trash Expense: $124
  • Water Sewer Expense: $124
  • Total Expenses: $2,976
Tax / Assessment Info
  • Tax Tract Number: 000
  • Tax Census Tract: 4817.13
  • CFD/Mello-Roos Fee: $946
  • Tax Lot: 219
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,990
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 531 North Ynez Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 531 North Ynez Avenue

Taxable ValueLand$482,909Additions$426,166Total$909,075
Tax Record2023$12,425 ($1,035 / month)
Home Facts
Total Finished SqFt2,852 SqFtAbove Grade Finished SqFt2,852 SqFtLot Size9,844 SqFtStyleTriplexYear Built1921ZoningMPR3*CountyLOS ANGELESAPN5256-010-038

Schools near 531 North Ynez Avenue

This home is within Alhambra Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ynez Elementary School
PublicK to 8

Mark Keppel High School
Public9 to 12

Independence High (Alternative) School
Public9 to 12

Century High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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531 North Ynez Avenue is a multi-family home for sale in Monterey Park, CA 91754. This property was listed for sale on May 8, 2024 by Fidelity Mortgage Company, it's currently listed at $1,488,888. It has been on the market for a total of 15 days and was last sold on March 27, 2012. This listing's school district is Alhambra Unified School District. Nearby schools include Ynez Elementary School, Mark Keppel High School and Independence High (Alternative) School. 531 North Ynez Avenue is a 8-bed, 3-bath, 2,852 sqft multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fidelity Mortgage Company, Ignacio Perez Mero, DRE #02014295

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.