Seller's Agent in 2018
Kevin Lutz
Keller Williams Realty/Pasadena
(626) 429-0685
21 Total Sales
109 N 5th St Alhambra, CA 91801
Estimated Value: $1,321,000 - $2,013,000
3
Beds
3
Baths
4,137
Sq Ft
$388/Sq Ft
Est. Value
Highlights
- Laundry Room
- Central Air
- 1-Story Property
- Park Elementary School Rated A-
About This Home
As of February 2018Bridge Investment Group is proud to present 109 N 5th St in Alhambra. Located in one of the most highly sought-after locations, the asset has been well maintained and is a rare opportunity for an investor to capitalize on one of the strongest rental markets in the San Gabriel Valley.
The property is a 6-unit apartment built in 1988 comprised of three 1 bedroom/1 bathroom and three 2 bedroom/2 bathrooms units. The building is 4,137 square feet sitting on a large lot of approximately 10,741 square feet. The foundation is concrete slab and the roof is pitched composition shingle.
The owner built this property in 1988 and is still owned by the same family. Each unit is individually metered for gas and electricity and comes with a two car parking garage. There is an additional 2 car tuck under parking for a total of fourteen spaces. There is central air conditioning and heat in each unit. There is one water heater as well as laundry on site for the tenants, one washer and one dryer on lease from “Wash”. The owner has not been aggressively pushing the rents and all of the 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
Est. Annual Taxes
- $15,764
Year Built
- Built in 1988
Lot Details
- 10,741 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 12 Car Garage
- 2 Carport Spaces
Home Design
- Property Attached
Interior Spaces
- 4,137 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Utilities
- Central Air
Listing and Financial Details
- Tax Lot 21
- Tax Tract Number 45940
- Assessor Parcel Number 5338032017
Community Details
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $651
- Gardener Expense $1,200
- Insurance Expense $1,862
- Maintenance Expense $5,539
- Other Expense $4,946
- Trash Expense $2,421
- Water Sewer Expense $2,421
- New Taxes Expense $21,517
- Operating Expense $40,557
- Gross Income $67,163
- Net Operating Income $26,606
Additional Features
- 6 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 13, 2024
Sold by
Soohoo Linda
Bought by
Red Lotus Living Trust and Soohoo
Current Estimated Value
Purchase Details
Closed on
Jun 13, 2023
Sold by
Hoo Eileen Soo
Bought by
Hoo Jeffrey Soo and Hoo Lillian Soo
Purchase Details
Closed on
Nov 12, 2009
Sold by
Dang Randall M
Bought by
Soohoo Eileen and Soohoo Linda
Purchase Details
Closed on
Jan 22, 2007
Sold by
Famil Dang Randall M and Famil Randall M Dang Revocable
Bought by
Dang Randall M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,500
Interest Rate
6.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 12, 2003
Sold by
Dang Randall
Bought by
Dang Randall M and The Randall M Dang Revocable F
Purchase Details
Closed on
Feb 1, 2000
Sold by
Tong Robert K
Bought by
Dang Randall
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
8.34%
Purchase Details
Closed on
May 20, 1998
Sold by
Tong Helen
Bought by
Tong Helen and Helen Tong Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Red Lotus Living Trust | -- | None Listed On Document | |
| Hoo Jeffrey Soo | -- | None Listed On Document | |
| Soohoo Eileen | $100,000 | None Available | |
| Dang Randall M | -- | Old Republic Title | |
| Dang Randall M | -- | -- | |
| Dang Randall | $265,000 | First American Title Co | |
| Tong Helen | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Dang Randall M | $549,500 | |
| Previous Owner | Dang Randall | $212,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/21/2018 02/21/18 | Sold | $1,800,000 | -1.4% | $435 / Sq Ft |
| 11/30/2017 11/30/17 | For Sale | $1,825,000 | -- | $441 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $15,764 | $1,284,089 | $690,785 | $593,304 |
| 2024 | $15,764 | $1,258,912 | $677,241 | $581,671 |
| 2023 | $11,262 | $868,474 | $607,934 | $260,540 |
| 2022 | $10,734 | $851,446 | $596,014 | $255,432 |
| 2021 | $10,617 | $834,752 | $584,328 | $250,424 |
| 2019 | $10,250 | $809,996 | $566,998 | $242,998 |
| 2018 | $10,222 | $794,115 | $555,881 | $238,234 |
| 2016 | $9,397 | $763,281 | $534,297 | $228,984 |
| 2015 | $9,256 | $751,817 | $526,272 | $225,545 |
| 2014 | $9,150 | $737,091 | $515,964 | $221,127 |
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
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS17266711
APN: 5344-012-019
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