NOT LISTED FOR SALE

Estimated Value: $1,508,000 - $1,746,000

6 Beds
4 Baths
3,372 Sq Ft
$486/Sq Ft Est. Value

Sale Details

Date Sold: October 20, 2014

Last sale price $860,000 $255 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $10,184 / mo

88 Days on Market

Highlights

  • Property is near public transit
  • Modern Architecture
  • No HOA
  • Cleminson Elementary School Rated 9+
  • Lawn
  • Balcony

About This Home

As of October 2014

Well kept 4 unit apartment building in a very desirable Temple City location. West of Santa Anita & South of Live Oak. This apartment has very large units: (2) 2 Bedrooms 1.5 Baths and (2) 1 Bedroom 1 Bath. Some units with balcony or patio. Conveniently located close to schools, market, and transportation. Rents are low with potential for increase. There is one two-car garage, four carport spaces, and two open parking spaces. The complex includes a laundry room with owned coin operated washer and dryer. Brand new wood fence on the east side of the property. The property is located in Temple City with El Monte school district.
Wonderful opportunity for owners and investors.
Please drive-by, do not walk on the property.

Last Agent to Sell the Property

Ellen Fu

High Ten Partners, Inc. License #00774584 Listed on: 07/07/2014

High Ten Partners, Inc.

Last Buyer's Agent

Ellen Fu

High Ten Partners, Inc. License #00774584 Listed on: 07/07/2014

High Ten Partners, Inc.

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 9,735 Sq Ft Lot
  • Lot Dimensions are 45x219
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • 4 Detached Carport Spaces
  • Parking Available
  • Side Facing Garage
  • Two Garage Doors
  • Uncovered Parking
  • Parking Lot

Home Design

  • Modern Architecture
  • Property Attached
  • Turnkey
  • Stucco

Interior Spaces

  • 3,372 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Gas Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 34
  • Tax Tract Number 10260
  • Assessor Parcel Number 8573016021

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $562
  • Gardener Expense $480
  • Insurance Expense $1,115
  • Trash Expense $1,757
  • Water Sewer Expense $2,248
  • New Taxes Expense $11,875
  • Gross Income $4,460
  • Net Operating Income $34,648

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

9,735 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 3.60
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 2248.00
  • Zoning: R2
  • Architectural Style: Modern
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 8573016021
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 255.04
  • Room Type: Living Room

Exterior Features

  • Exterior Features: Lighting
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport, Garage, Parking Space, Garage Faces Side, Garage - Two Door, Uncovered
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 1757.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: Front Yard, Level, Lawn, Rectangular Lot, Lot 6500-9999, Level with Street, Paved, Near Public Transit
  • Lot Size: 45x219
  • Lot Size Sq Ft: 9735.00
  • Lot Size Acres: 0.2230

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 745
  • Average2 Bed Area: 973
  • Electric Expense: 562.00
  • Gross Income: 4460.00
  • Gross Multiplier: 17.75
  • Gross Scheduled Income: 53520.00
  • Insurance Expense: 1115.00
  • Lot Size Area: 9735.0000 Square Feet
  • Net Operating Income: 34648.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 18872.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 4400.00

Tax Info

  • New Taxes Expense: 11875.00
  • Tax Lot: 34
  • Tax Tract Number: 10260
  • Tax Year: 2013

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

Listed on
Jul 7, 2014
Closed on
Oct 6, 2014
Sold by
Chang Simon C and Chang Joanna M
Bought by
Seller's Agent
Ellen Fu
High Ten Partners, Inc.
Buyer's Agent
Ellen Fu
High Ten Partners, Inc.
List Price
$950,000
Sold Price
$860,000
Premium/Discount to List
-$90,000
-9.47%
Current Estimated Value
$1,638,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$778,287
Avg. Annual Appreciation
5.58%

Purchase Details

Closed on
Aug 12, 2009
Sold by
Chang Simon C and Chang Joanna M
Bought by
Chang Simon C and Chang Joanna M

Purchase Details

Closed on
Sep 12, 1998
Sold by
Hesselgesser Gary and Barney Karen J
Bought by
Chang Simon C and Chang Joanna M

Purchase Details

Closed on
Jan 6, 1998
Sold by
Hesselgesser Gary and Barney Lavar H
Bought by
Hasselgesser Gary and Barney Karen J
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$860,000 First American Title Company
Chang Simon C -- None Available
Chang Simon C $250,000 First American Title Co
Hasselgesser Gary $25,000 --
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 $183,000
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
10/20/2014 10/20/14 Sold $860,000 -9.5% $255 / Sq Ft
10/03/2014 10/03/14 Pending -- -- --
07/07/2014 07/07/14 For Sale $950,000 -- $282 / 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 $14,273 $1,054,253 $686,491 $367,762
2025 $14,273 $1,033,582 $673,031 $360,551
2024 $13,406 $1,013,317 $659,835 $353,482
2023 $13,169 $993,449 $646,898 $346,551
2022 $12,766 $973,970 $634,214 $339,756
2021 $12,491 $954,874 $621,779 $333,095
2019 $12,697 $926,554 $603,338 $323,216
2018 $12,413 $908,387 $591,508 $316,879
2016 $11,894 $873,115 $568,540 $304,575
2015 $11,773 $860,000 $560,000 $300,000
2014 $4,930 $319,707 $127,882 $191,825
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14142041

California Regional Multiple Listing Service (CRMLS)

APN: 8573-016-021

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