NOT LISTED FOR SALE
4 Beds
2 Baths
11,250 Sq Ft
11,250 Sq Ft Lot

Last Sold May 30, 2016

Last sale price $1,620,000 $144 Per Sq Ft

47 Days on Market

About This Home

As of May 2016

Please DO NOT DISTURB TENANTS!
112 Park St is a 7 unit well-maintained property located in the heart of Alhambra, CA. This rare opportunity presents a chance for an investor to break into the multi-family market and can be operated as an owner/user investment due to one of the units being a single house in the front. The property is located in the heart of Alhambra, known for its history and its rapid revitalization of its downtown area. It is situated on a manageable 11,250 SF lot and in a serene neighborhood filled with other apartments, condos, and residential homes.

The property is a two-story building with a separate house in the front. The house is a 3B+1.5B unit and the other 6 units are convenient 1B+1B units. The house has been recently completely remodeled and contains a private backyard and a private enclosed patio. All units except one have been upgraded to laminate flooring. Other improvements include 7 water heaters being replaced over the course of the last few years. There is a shared laundry room and the front house has laundry hookups on the inside. The property has been impeccably maintained and is being sold for the first time in around 40 years! Parking is located under the units and there are a total of 9 spaces that can be used.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 03/31/2016

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls

Home Design

  • 11,250 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 18 Parking Spaces
  • Parking Available
  • Assigned Parking

Pool

  • Private Pool

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5347017014

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.26 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5347017014
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 144.00

Exterior Features

  • Pool Private: Yes

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Available

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11250.00
  • Price Per Lot Square Foot: 144.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Number With Disposal: 7
  • Number With Range: 7
  • Rent Control: No
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2016 05/30/16 Sold $1,620,000 -3.0% $144 / Sq Ft
05/17/2016 05/17/16 Pending -- -- --
03/31/2016 03/31/16 For Sale $1,670,000 -- $148 / 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 $27,067 $2,158,683 $1,288,246 $870,437
2024 $27,067 $2,116,357 $1,262,987 $853,370
2023 $26,867 $2,074,861 $1,238,223 $836,638
2022 $25,612 $2,034,179 $1,213,945 $820,234
2021 $25,358 $1,994,294 $1,190,143 $804,151
2019 $24,498 $1,721,396 $604,888 $1,116,508
2018 $22,075 $1,687,688 $593,028 $1,094,660
2016 $3,847 $149,477 $65,422 $84,055
2015 $3,808 $147,233 $64,440 $82,793
2014 $3,825 $144,350 $63,178 $81,172
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16066427

California Regional Multiple Listing Service (CRMLS)
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