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Off market
  • $1,252,900

    1130 W Newmark Ave, Monterey Park, CA 91754

    2beds
    1baths
    950sqft
    SingleFamily
    Built in 1964
    7,433 Square Feet Lot
    $1,252,900 Zestimate®
    $1,319/sqft
    $2,719 Estimated rent

    Home value

    $1,252,900

    $1.17M - $1.35M

    $2,719/mo

    Zestimate® history
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    $7,998/mo

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    What's special

    Excellent opportunity to purchase a duplex income property in a wonderful quiet neighborhood! Both units have a new roof Unit #A was remodeled with brand new granite, cabinets, paint, and carpet. Unit #A is leased at $1,520 a month and #B is leased at $1,260 for a total of $2,780.00 each month and $33,360 annually! Both units are in excellent condition. Property is in Monterey Highlands Elementary and Mark Keppel High School boundaries, and conveniently located near the 10 and 710 freeways. Large Back Yard for addition! Please drive by only. Do not disturb occupants. Great income property - 4.6% Cap rate. ($33,607 annual income -$7,000 tax and estimate expense =$26,607/$579,000 = 4.56 % Cap Rate). **Just removed from hold on MLS - Seller has spent over 12k** to install a new sewer line for both units, during our listing there was a problem with the sewer line. Drive by only - offer subject to interior inspection.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    Heating
    • Wall, Gas
    Cooling
    • Wall
    Appliances
    • Included: Dryer, Washer
    • Laundry: In Unit
    Features
    • Flooring: Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 950 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off-street, On-street
    Lot
    • Size: 7,433 Square Feet
    Details
    • Parcel number: 5261007070

    Construction

    Type & style
    • Home type: SingleFamily
    Condition
    • Year built: 1964

    Community & HOA

    Location
    • Region: Monterey Park

    Financial & listing details

    • Price per square foot: $1,319/sqft
    • Tax assessed value: $1,269,370
    • Annual tax amount: $16,778

    Price history

    DateEventPrice
    6/1/2022Sold$1,208,000+8.1%$1,272/sqft
    Source: Public Record Report a problem
    5/31/2022Pending sale$1,118,000$1,177/sqft
    Source: CRMLS #AR22029515 Report a problem
    5/5/2022Contingent$1,118,000$1,177/sqft
    Source: CRMLS #AR22029515 Report a problem
    4/3/2022Listed for sale$1,118,000+43.3%$1,177/sqft
    Source: CRMLS #AR22029515 Report a problem
    3/22/2021Listing removed--
    Source: Owner Report a problem
    1/12/2021Sold$780,000+20.4%$821/sqft
    Source: Public Record Report a problem
    2/4/2018Listing removed$1,950$2/sqft
    Source: Owner Report a problem
    1/20/2018Listed for rent$1,950+2.6%$2/sqft
    Source: Owner Report a problem
    5/13/2017Listing removed$1,900$2/sqft
    Source: RE/MAX Legacy #CV17091387 Report a problem
    4/29/2017Listed for rent$1,900+20.3%$2/sqft
    Source: REMAX LEGACY #CV17091387 Report a problem
    2/22/2017Sold$648,000+37.9%$682/sqft
    Source: Public Record Report a problem
    1/30/2013Listing removed$1,580$2/sqft
    Source: ManRealty.com Report a problem
    1/14/2013Listed for rent$1,580$2/sqft
    Source: ManRealty.com Report a problem
    12/28/2012Sold$470,000+40.9%$495/sqft
    Source: Public Record Report a problem
    7/19/2012Sold$333,500$351/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$16,778 +3%$1,269,370 +2%
    2024$16,296 +2.1%$1,244,481 +2%
    2023$15,966 +55.1%$1,220,080 +53.4%
    2022$10,296 +12.2%$795,600 +14.5%
    2021$9,174 +1.1%$694,784 +1%
    2020$9,072 $687,661 +2%
    2019$9,072 +3.4%$674,179 +2%
    2018$8,774 $660,960 +32.5%
    2017$8,774 +29.1%$498,686 +2%
    2016$6,798 +6.9%$488,909 +1.5%
    2015$6,359 +2.9%$481,566 +2%
    2014$6,180 $472,133 -22.3%
    2012-- $607,868 +2%
    2011-- $595,950 +0.8%
    2010-- $591,497 -0.2%
    2009-- $592,903 +2.6%
    2008-- $577,794 +1.2%
    2007-- $571,000
    2006-- $571,000 +340.5%
    2004-- $129,611 +3.9%
    2002-- $124,743
    Find assessor info on the county website

    Neighborhood: 91754

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,252,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,252,900