Kitty Ho
Wetrust Realty
(626) 784-7203
103 Total Sales
1 in Downtown Alhambra
$750,000 Price
103 N 5th St Alhambra, CA 91801
Downtown Alhambra Neighborhood
6
Beds
4
Baths
12,676
Sq Ft
0.35
Acre Lot
Highlights
- 15,271 Sq Ft lot
- Park Elementary School Rated A-
- Laundry Facilities
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
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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
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 16, 2023
Sold by
Howard Main Llc
Bought by
Purchase Details
Closed on
Dec 15, 2017
Sold by
Hhh Whispering Falls Llc
Bought by
Howard Main Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,350,000
Interest Rate
3.99%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Aug 4, 2006
Sold by
Lim Harry
Bought by
Hhh Whispering Falls Llc
Purchase Details
Closed on
Jun 26, 2006
Sold by
Hoshiko Melvin G
Bought by
Hoshiko Melvin G and Hoshiko Hazel L
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Alhambra, CA
-
Kitty Ho
-
Gina Isaac
Gina Isaac
Nourmand & Associates-HW
(424) 288-7115
55 Total Sales
1 in Downtown Alhambra
$775,000 Price
-
Josh Stein-Sapir
Josh Stein-Sapir
Keyes Real Estate
(562) 456-3475
137 Total Sales
2 in Downtown Alhambra
$800K - $1.7M Price Range
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
170 Total Sales
1 in Downtown Alhambra
$735,000 Price
-
Lan 'Gloria' Xiao
Lan 'Gloria' Xiao
Responds QuicklyRE/MAX ELITE REALTY
(562) 600-8264
117 Total Sales
8 in Downtown Alhambra
$695K - $880K Price Range
-
Bong Sung
Bong Sung
Mega Realty
(323) 831-8559
23 Total Sales
1 in Downtown Alhambra
$505,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| Howard Main Llc | $4,300,000 | Fidelity National Title Comp | |
| Hhh Whispering Falls Llc | -- | None Available | |
| Hoshiko Melvin G | -- | None Available | |
| Hoshiko Melvin G | -- | None Available | |
| Lim Harry | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $3,850,000 | ||
| Previous Owner | Howard Main Llc | $3,575,000 | |
| Previous Owner | Howard Main Llc | $2,350,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $62,425 | $4,990,514 | $3,481,755 | $1,508,759 |
| 2025 | $62,425 | $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
Seller's Agent in 2018
Kevin Lutz
Keller Williams Realty/Pasadena
(626) 429-0685
20 Total Sales
-
Kevin Hurley
Buyer Co-Listing Agent in 2018
Kevin Hurley
Keller Williams Realty/Pasadena
(310) 872-7176
16 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS17266663
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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