NOT LISTED FOR SALE
3 Beds
3 Baths
5,178 Sq Ft
7,075 Sq Ft Lot

Last Sold May 31, 2023

Last sale price $2,300,000 $444 Per Sq Ft

190 Days on Market

Highlights

  • Fireplace
  • Cooling System Mounted To A Wall/Window
  • 5-minute walk to Lindaraxa Park
  • San Gabriel High School Rated A
  • Laundry Room

About This Home

As of May 2023

101 S Cordova Street is located on South Cordova Street between East Main Street and E Commonwealth Avenue in the heart of Alhambra. The property offers walkable access to Alhambra Place, a 120,000-square-foot retail center with popular shops and restaurants. The highly convenient location offers easy access to the 10 and 210 freeway and is located near several elementary, middle and high schools. The area also offers convenient access to the San Gabriel Valley Medical Center, Cal State LA, The Westfield Santa Anita, East Los Angeles College and the Alhambra Golf Course. 101 S Cordova Street is a rare, two-story, six-unit property plus one non-conforming studio, that is situated on a ±7,075 square foot lot with a total building size of ±5,178 square feet. The property offers an excellent unit mix of one, 1-bedroom, 1-bathroom, five, 2-bedroom, 1-bathroom and one non-conforming studio averaging 739 square feet. The property has also undergone recent interior and exterior renovations. 101 S Cordova Street is a Spanish-stucco designed well-maintained property that features mature landscaping, spacious units with wall air and heating, washer and dryer hook-up, kitchen with stainless steel appliances, patios/balconies, tile and vinyl flooring, and individual parking garages. Alhambra is a city located in the western San Gabriel Valley region of Los Angeles County. It is ideally located by offering convenient access to the neighboring cities within the San Gabriel Valley, Los Angeles County and San Bernardino County. 101 S Cordova Street is a prime Alhambra income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Listed on: 10/06/2022

Last Buyer's Agent

Aly Yeung

COLDWELL BANKER NEW CENTURY License #02133358

COLDWELL BANKER NEW CENTURY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 7,075 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,178 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Fireplace in Patio
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Legal Lot and Block 1 / 4
  • Tax Tract Number 481002
  • Assessor Parcel Number 5345024001

Community Details

Overview

  • 7 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $700
  • Fuel Expense $850
  • Gardener Expense $1,080
  • Insurance Expense $2,542
  • Maintenance Expense $7,770
  • Other Expense $1,400
  • Supplies Expense $303
  • Trash Expense $1,640
  • Water Sewer Expense $2,000
  • New Taxes Expense $28,394
  • Operating Expense $48,219
  • Gross Income $160,200
  • Net Operating Income $107,175

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.56
  • Other Phone Number: 94949126671
  • Price Per Unit: 335714
  • Property Attached: Yes
  • Supplies Expense: 303.00
  • View: No
  • Water Sewer Expenses: 2000.00
  • Zoning: ALCPD*
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 5345024001
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Fireplace Features: Patio
  • Levels: Two
  • Price Per Square Foot: 444.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1640.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7075.00
  • Lot Size Acres: 0.1624

Multi Family

  • Electric Expense: 700.00
  • Fuel Expense: 850.00
  • Gross Income: 160200.00
  • Gross Multiplier: 14.67
  • Gross Operating Income: 155394.00
  • Gross Scheduled Income: 160200.00
  • Insurance Expense: 2542.00
  • Lot Size Area: 7075.0000 Square Feet
  • Maintenance Expense: 7770.00
  • Net Operating Income: 107175.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 48219.00
  • Other Expense: 1400.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 48219.00
  • Vacancy Allowance: 4806

Tax Info

  • New Taxes Expense: 28394.00
  • Tax Block: 4
  • Tax Census Tract: 4810.02
  • Tax Lot: 1
  • Tax Tract Number: 481002

Range of Values:

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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 Change Sq Ft Price
05/31/2023 05/31/23 Sold $2,300,000 -2.1% $444 / Sq Ft
01/20/2023 01/20/23 Price Changed $2,350,000 -7.8% $454 / Sq Ft
01/18/2023 01/18/23 For Sale $2,550,000 +10.9% $492 / Sq Ft
01/17/2023 01/17/23 Off Market $2,300,000 -- --
01/14/2023 01/14/23 For Sale $2,550,000 +10.9% $492 / Sq Ft
01/13/2023 01/13/23 Off Market $2,300,000 -- --
01/07/2023 01/07/23 For Sale $2,550,000 +10.9% $492 / Sq Ft
01/06/2023 01/06/23 Off Market $2,300,000 -- --
10/06/2022 10/06/22 For Sale $2,550,000 0.0% $492 / Sq Ft
01/28/2013 01/28/13 Rented $1,200 0.0% --
01/28/2013 01/28/13 Under Contract -- -- --
12/18/2012 12/18/12 For Rent $1,200 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22217186

California Regional Multiple Listing Service (CRMLS)