NOT LISTED FOR SALE

1201 S Electric Ave Alhambra, CA 91803

Estimated Value: $904,000 - $1,115,000

4 Beds
2 Baths
1,646 Sq Ft
$615/Sq Ft Est. Value

Last Sold August 12, 2013

Last sale price $585,000 $355 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $6,182/month

69 Days on Market

About This Home

As of August 2013

Back on the Market!! Two Separate Houses. Each with with it's own separate water meter and separate back yard. Great investment. 1 block north of Valley Bl. 2 Bedroom 1 bath 1201 S Electric and 2 bedroom 1 bath 1424 Shorb St. Close to schools, shopping and transportation.

Last Agent to Sell the Property

Rafael Melgoza

IRN REALTY License #00854747 Listed on: 07/04/2013

IRN REALTY

Last Buyer's Agent

Paul Hwee

CONSOLIDATED REALTY License #00583977

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 5,243 Sq Ft Lot
  • No Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 1,646 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 6120
  • Assessor Parcel Number 5350025012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $980
  • Trash Expense $800
  • New Taxes Expense $5,780
  • Net Operating Income $32,670

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 5350025012
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 355.41
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 5243.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 33300.00
  • Insurance Expense: 980.00
  • Lot Size Area: 5243.0000 Square Feet
  • Net Operating Income: 32670.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 630.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5780.00
  • Tax Lot: 1
  • Tax Tract Number: 6120
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2013
Closed on
Jul 25, 2013
Sold by
Pham Jennifer Diep Ngoc and Pham Jennifer Deip Ngoc
Bought by
Shaw Hui Yin and The Hui Yin Shaw Living Trust
Seller's Agent
Rafael Melgoza
IRN REALTY
Buyer's Agent
Paul Hwee
CONSOLIDATED REALTY
List Price
$595,000
Sold Price
$585,000
Premium/Discount to List
-$10,000
-1.68%
Current Estimated Value
$1,051,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,136
Avg. Annual Appreciation
4.50%

Purchase Details

Closed on
Nov 29, 2010
Sold by
Pham Delphine
Bought by
Pham Jennifer Deip Ngoc

Purchase Details

Closed on
Jun 1, 2005
Sold by
Pham Delphine and Pham Jennifer Diep Ngoc
Bought by
Pham Delphine and Pham Jennifer Diep Ngoc

Purchase Details

Closed on
Sep 17, 2004
Sold by
Zhang Yu Ren and Chen Xiao Xia
Bought by
Pham Delphine and Pham Jennifer Diep Ngoc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,150
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2002
Sold by
Garcia Manuel and Ruelas Silvia
Bought by
Zhang Yu Ren and Chen Xiao Xia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,400
Interest Rate
5.83%

Purchase Details

Closed on
Jun 12, 1998
Sold by
Lee Ywart H and Lee Ngwe M
Bought by
Garcia Manuel and Ruelas Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,185
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 27, 1996
Sold by
Lee Ywart H and Lee Ngwe M
Bought by
Lee Ywart Hem and Lee Ngwe Mee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Shaw Hui Yin $585,000 Title 365
Pham Jennifer Deip Ngoc -- Accommodation
Pham Delphine -- --
Pham Delphine $535,000 Investors Title Company
Zhang Yu Ren $348,000 American Title Co
Zhang Yu Ren $348,000 American Title Co
Garcia Manuel $215,000 Investors Title Company
Lee Ywart Hem -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pham Delphine $427,150
Previous Owner Zhang Yu Ren $278,400
Previous Owner Garcia Manuel $208,185
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2013 08/12/13 Sold $585,000 -1.7% $355 / Sq Ft
07/22/2013 07/22/13 Pending -- -- --
05/14/2013 05/14/13 For Sale $595,000 -- $361 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $8,874 $717,119 $429,047 $288,072
2024 $8,874 $703,059 $420,635 $282,424
2023 $8,791 $689,275 $412,388 $276,887
2022 $8,373 $675,760 $404,302 $271,458
2021 $8,286 $662,511 $396,375 $266,136
2020 $8,243 $655,719 $392,311 $263,408
2019 $7,997 $642,863 $384,619 $258,244
2018 $7,984 $630,259 $377,078 $253,181
2016 $7,345 $605,787 $362,437 $243,350
2015 $7,235 $596,688 $356,993 $239,695
2014 $7,145 $585,000 $350,000 $235,000
Source: Public Records

Agents Affiliated with this Home

  • Rafael Melgoza

    Seller's Agent in 2013

    Rafael Melgoza

    IRN REALTY

    (562) 572-8196

    8 Total Sales

    Rafael Melgoza
    Section Image

  • P

    Buyer's Agent in 2013

    Paul Hwee

    CONSOLIDATED REALTY

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS13089306

California Regional Multiple Listing Service (CRMLS)

APN: 5350-025-012

California Los Angeles County Alhambra 91803

1201 S Electric Ave, Alhambra, CA

Not Listed for Sale

MultiFamily

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