Seller's Agent in 2018
Kevin Lutz
Keller Williams Realty/Pasadena
(626) 429-0685
20 Total Sales
103 N 5th St Alhambra, CA 91801
Downtown Alhambra Neighborhood
6
Beds
4
Baths
12,676
Sq Ft
15,271
Sq Ft Lot
Highlights
- 15,271 Sq Ft lot
- Park Elementary School Rated A-
- Laundry Room
About This Home
As of February 2018Bridge Investment Group is proud to present Whispering Falls in the city of Alhambra. Located in one of the most highly sought-after locations, Whispering Falls has been owned by the same family for over 30 years. The property offers a rare opportunity for an investor to capitalize on one of the strongest rental markets in the San Gabriel Valley.
At Whispering Falls, the corridor entry leads into a mature landscaped courtyard, with a fountain. Within this serene space is a 15-unit apartment built in 1961 consisting of five 1 bedroom/1 bathroom, nine 2 bedroom/1 bathroom, and one 3 bedroom/1.5 bathroom units totaling 12,676 square feet sitting on a lot size of 15,270 square feet. The foundation is concrete slab and the roof is pitched composition shingle.
The owner upgraded the plumbing to copper piping over 10 years ago. Each unit is individually metered for gas and electricity and comes with their own tuck under parking space and wall air conditioning unit. There are two American Standard 100-gallon hot water heaters that were new as of three years ago, as well as laundry on site for the tenants: two washers and one dryer on lease. Rents are ±70% below market and all tenants are on month to month leases so there is an opportunity for an investor to immediately capitalize on the rental potential.
Last Agent to Sell the Property
Keller Williams Realty/Pasadena License #00925595 Listed on: 11/30/2017
Last Buyer's Agent
Keller Williams Realty/Pasadena License #00925595 Listed on: 11/30/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 15,271 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 15 Parking Spaces
Home Design
- 12,676 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot 21,2
- Tax Tract Number 45940
- Assessor Parcel Number 5338032015
Community Details
Building Details
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $766
- Gardener Expense $1,200
- Insurance Expense $5,704
- Maintenance Expense $14,294
- Other Expense $9,155
- Trash Expense $3,816
- Water Sewer Expense $3,816
- New Taxes Expense $53,644
- Operating Expense $92,395
- Gross Income $173,320
- Net Operating Income $80,924
Additional Features
- 15 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/21/2018 02/21/18 | Sold | $4,300,000 | -5.5% | $339 / Sq Ft |
| 11/30/2017 11/30/17 | For Sale | $4,550,000 | -- | $359 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $60,610 | $4,892,662 | $3,413,486 | $1,479,176 |
| 2024 | $60,610 | $4,796,728 | $3,346,555 | $1,450,173 |
| 2023 | $60,123 | $4,702,676 | $3,280,937 | $1,421,739 |
| 2022 | $57,278 | $4,610,467 | $3,216,605 | $1,393,862 |
| 2021 | $56,677 | $4,520,067 | $3,153,535 | $1,366,532 |
| 2019 | $54,702 | $4,386,150 | $3,060,000 | $1,326,150 |
| 2018 | $9,066 | $382,803 | $78,841 | $303,962 |
| 2016 | $8,407 | $367,796 | $75,781 | $292,015 |
| 2015 | $8,315 | $362,272 | $74,643 | $287,629 |
| 2014 | $8,339 | $355,176 | $73,181 | $281,995 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Lutz
-
Kevin Hurley
Buyer Co-Listing Agent in 2018
Kevin Hurley
Keller Williams Realty/Pasadena
(310) 872-7176
17 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS17266663
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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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