NOT LISTED FOR SALE

100 E Commonwealth Ave Alhambra, CA 91801

Downtown Alhambra Neighborhood
14 Beds
8 Baths
7,522 Sq Ft
0.3 Acres

Last Sold October 22, 2014

Last sale price $2,300,000 $306 Per Sq Ft

16 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 0.3 Acre Lot
  • Property is near a park
  • San Gabriel High School Rated A-
  • Dual Staircase
  • Living Room with Fireplace

About This Home

As of October 2014

Re/max Advanced Realty is proud to present a rare opportunity to acquire an apartment complex featuring 10 units, 2 level with courtyard located right in the heart of Alhambra. Property is 100% occupied with long term tenants. Current rents are below market value. Purchaser will have upside potential for higher rent income. Projected gross annually income $143,160. Community laundry on site. Each unit is separately metered for gas and electricity. New gas and electric meter has been installed. Many amenities all walking distance to downtown Alhambra, post office, movie theatre, few blocks from Almansor Park, supermarkets, restaurants, and entertainment. GREAT POTIENTIAL FOR CASH BUYERS. DRIVE BY ONLY!! PLEASE DO NOT DISTRUB THE OCCUPANTS!! Property is sold AS IS condition, Seller will make NO termite and repairs.

Ideal 1031/investment property in a convenient location with NO rent control in Alhambra. Easily rent out in this most desirable neighbourhood. The large 13,220 lot size offers potential for new development project in R3 zone.

Last Agent to Sell the Property

ANITA ING

Pinnacle Real Estate Group License #01916675 Listed on: 08/26/2014

Last Buyer's Agent

Danny Lu

Pinnacle Real Estate Group License #01490871

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Private Yard
  • Density is 6-10 Units/Acre

Parking

  • 10 Car Garage
  • Carport
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Raised Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 7,522 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Living Room with Fireplace
  • Window Bars

Bedrooms and Bathrooms

  • 14 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Location

  • Property is near a park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 15 / A
  • Tax Tract Number 15
  • Assessor Parcel Number 5345007003

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $825
  • Insurance Expense $3,734
  • Maintenance Expense $840
  • Water Sewer Expense $7,285
  • New Taxes Expense $16,644
  • Gross Income $10,580
  • Net Operating Income $63,156

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

10

Listing Details

  • Inclusions: Washer and Dryer
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Window Bars
  • View: No
  • Water Sewer Expenses: 7285.00
  • Property Type: Residential Income
  • Parcel Number: 5345007003
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 305.77
  • Room Type: All Bedrooms Down, All Bedrooms Up, Living Room

Exterior Features

  • Foundation: Raised
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Driveway, On Site, Private
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre, Lot 10000-19999 Sqft, Paved, Park Nearby, Sprinkler System, Yard
  • Lot Size Sq Ft: 13220.00
  • Lot Size Acres: 0.3030

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 825.00
  • Gross Income: 10580.00
  • Gross Scheduled Income: 122332.00
  • Insurance Expense: 3734.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 13220.0000 Square Feet
  • Maintenance Expense: 840.00
  • Net Operating Income: 63156.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 59176.00
  • Rent Control: No
  • Total Actual Rent: 10580.00

Tax Info

  • New Taxes Expense: 16644.00
  • Tax Area: 1797
  • Tax Block: A
  • Tax Lot: 15
  • Tax Tract Number: 15
  • Tax Year: 2013

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2014 10/22/14 Sold $2,300,000 +3.2% $306 / Sq Ft
09/11/2014 09/11/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $2,228,000 -- $296 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    ANITA ING

    Pinnacle Real Estate Group

  • D

    Buyer's Agent in 2014

    Danny Lu

    Pinnacle Real Estate Group

    (626) 888-9373

    9 Total Sales

    Danny Lu
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14184066

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Alhambra 91801 Downtown Alhambra

100 E Commonwealth Ave, Alhambra, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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