NOT LISTED FOR SALE

1109 S Atlantic Blvd Alhambra, CA 91803

Alhambra Area
2 Beds
2 Baths
8,666 Sq Ft
0.53 Acre Lot

Sale Details

Date Sold: December 21, 2018

Last sale price $3,260,000 $376 Per Sq Ft

19 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • Level Lot
  • William Northrup Elementary School Rated A-

About This Home

As of December 2018

ALHAMBRA GARDENS” is a pride of ownership apartment complex, located on Atlantic Blvd, north of Valley Blvd, in the city of Alhambra.

“ALHAMBRA GARDENS” has 3 buildings, totaling 12 units, on one large parcel of 23,297 sq.ft. There are two 1-story buildings with raised foundations and pitched tar/gravel roofs; and one 2-story building, apartments above garage parking, with a pitched composition shingled roof. There are two on-site, common area laundry rooms with 1 washer/1 dryer each (total: 2 washers/2 dryers) on lease from Dadson Washer Service. There is ample parking, 16 garage spaces, with access from Olive Ave. The Driveway is blacktop.

Do not go on property. Tenants do not know property is for sale.

Last Agent to Sell the Property

Kevin Lutz

Keller Williams Realty/Pasadena License #00925595 Listed on: 10/11/2018

Keller Williams Realty/Pasadena

Last Buyer's Agent

STEVEN YAM

KO TAI REALTY License #01216692

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 23,297 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 16 Car Garage

Home Design

  • 8,666 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 28 / 16
  • Assessor Parcel Number 5350018026

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 2 Separate Water Meters
  • New Taxes Expense $38,317
  • Operating Expense $74,546
  • Gross Income $166,452
  • Net Operating Income $91,906

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0.53 Acres

Parking

16

Listing Details

  • CapRate: 2.83
  • Property Attached: Yes
  • Zoning: ALRPD*
  • Property Type: Residential Income
  • Parcel Number: 5350018026
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 376.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 16.00
  • Total Parking Spaces: 16.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 23297.00
  • Lot Size Acres: 0.5348

Multi Family

  • Garage Income: 4500.00
  • Gross Income: 166452.00
  • Gross Multiplier: 18.94
  • Gross Scheduled Income: 171600.00
  • Lot Size Area: 23297.0000 Square Feet
  • Maintenance Percent: 10.00
  • Net Operating Income: 91906.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 74546.00
  • Rent Control: No
  • Total Actual Rent: 13925.00
  • Total Expenses: 74546.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 38317.00
  • Tax Block: 16
  • Tax Census Tract: 4809.02
  • Tax Lot: 28

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
Oct 11, 2018
Closed on
Dec 14, 2018
Sold by
Bought by
Seller's Agent
Kevin Lutz
Keller Williams Realty/Pasadena
Buyer's Agent
STEVEN YAM
KO TAI REALTY
List Price
$3,250,000
Sold Price
$3,260,000
Premium/Discount to List
$10,000
0.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 2018
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 23, 2001
Sold by
Bought by
Source: Public Records

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
$3,260,000 Fidelity Sherman Oaks
-- 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
Open $1,600,000
Closed $1,400,000
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
12/21/2018 12/21/18 Sold $3,260,000 +0.3% $376 / Sq Ft
10/11/2018 10/11/18 For Sale $3,250,000 -- $375 / 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
2025 $46,854 $3,636,587 $2,471,987 $1,164,600
2024 $45,525 $3,565,282 $2,423,517 $1,141,765
2023 $45,200 $3,495,376 $2,375,998 $1,119,378
2022 $43,086 $3,426,840 $2,329,410 $1,097,430
2021 $42,645 $3,359,648 $2,283,736 $1,075,912
2019 $41,177 $3,260,280 $2,216,000 $1,044,280
2018 $6,868 $265,704 $128,403 $137,301
2017 $6,755 $260,221 $125,886 $134,335
2016 $6,393 $255,119 $123,418 $131,701
2015 $6,327 $251,288 $121,565 $129,723
2014 $6,357 $246,366 $119,184 $127,182
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18248355

California Regional Multiple Listing Service (CRMLS)
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