Seller's Agent in 2023
Oliver Wang
RE/MAX
(626) 650-5666
2 in this area
13 Total Sales
122 N 2nd St Alhambra, CA 91801
Downtown Alhambra NeighborhoodEstimated Value: $1,583,000 - $1,841,000
8
Beds
8
Baths
4,444
Sq Ft
$389/Sq Ft
Est. Value
Highlights
- Laundry Room
- Garfield Elementary School Rated A-
- 1-Story Property
About This Home
As of November 2023Attention All Buyers and Investors! We are delighted to present an exceptional opportunity to acquire a charming 4-unit property located in the highly desirable city of Alhambra! First time on the market since 1993. This Unique asset, situated on a single lot, R-3 zoning and features (4) 2 bedrooms and 1.5 baths with shared on-site Laundry room and attached underneath 2-car garage. Pretty good layout for each unit, big open space for living and dining area. 2 bedrooms upstairs. 100% occupied most at below average market rents. All tenants are long term, and each is month-to-month. Inside the property needs some TLC. The property is conveniently located near Alhambra High School, Public Library, neighborhood restaurants, Starbucks, entertainment, shopping including Home Depot, Target, Costco, 99 Ranch Market and is also near public transportation. It's just minutes from the 10 Freeway for convenient access to the 710 and 5 Freeways offering an easy commute to downtown LA and to Pasadena. Kindly do not disturb the tenants and walk on the promise. Don’t miss out on the chance to capitalize on this remarkable investment opportunity! Property Video with Drone: https://youtu.be/uAiqGzUFUxM
Last Agent to Sell the Property
Re/Max Premier Prop Arcadia License #02020777 Listed on: 07/03/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1988
Lot Details
- 7,220 Sq Ft Lot
- No Common Walls
Parking
- 9 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 4,444 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Listing and Financial Details
- Legal Lot and Block 35 / B
- Assessor Parcel Number 5337018010
Community Details
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $450
- Insurance Expense $1,700
- Trash Expense $3,000
- Water Sewer Expense $4,000
- Operating Expense $24,800
- Gross Income $83,520
- Net Operating Income $58,720
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 3, 2023
Closed on
Sep 29, 2023
Sold by
Wang Yuqing
Bought by
Wu Lihui
Seller's Agent
Oliver Wang
Re/Max Premier Prop Arcadia
Buyer's Agent
Oliver Wang
Re/Max Premier Prop Arcadia
List Price
$1,795,000
Sold Price
$1,540,000
Premium/Discount to List
-$255,000
-14.21%
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,943
Avg. Annual Appreciation
4.94%
Original Mortgage
$740,000
Outstanding Balance
$731,880
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$998,063
Purchase Details
Listed on
Jul 3, 2023
Closed on
Sep 28, 2023
Sold by
China And Asia Travel Service Inc
Bought by
Sun Yan and Wu Lihui
Seller's Agent
Oliver Wang
Re/Max Premier Prop Arcadia
Buyer's Agent
Oliver Wang
Re/Max Premier Prop Arcadia
List Price
$1,795,000
Sold Price
$1,540,000
Premium/Discount to List
-$255,000
-14.21%
Views
34
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Outstanding Balance
$731,880
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$998,063
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wu Lihui | -- | Wfg National Title | |
| Sun Yan | -- | Wfg National Title | |
| Sun Yan | $1,540,000 | Wfg National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sun Yan | $740,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/01/2023 11/01/23 | Sold | $1,540,000 | 0.0% | $347 / Sq Ft |
| 10/18/2023 10/18/23 | Pending | -- | -- | -- |
| 07/24/2023 07/24/23 | Off Market | $1,540,000 | -- | -- |
| 07/17/2023 07/17/23 | Price Changed | $1,680,000 | -6.4% | $378 / Sq Ft |
| 07/03/2023 07/03/23 | For Sale | $1,795,000 | -- | $404 / 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 | $19,297 | $1,570,800 | $918,000 | $652,800 |
| 2024 | $19,297 | $1,540,000 | $900,000 | $640,000 |
| 2023 | $11,749 | $882,174 | $272,812 | $609,362 |
| 2022 | $11,211 | $864,877 | $267,463 | $597,414 |
| 2021 | $11,082 | $847,919 | $262,219 | $585,700 |
| 2019 | $10,708 | $822,772 | $254,443 | $568,329 |
| 2018 | $10,703 | $806,640 | $249,454 | $557,186 |
| 2016 | $9,845 | $775,318 | $239,768 | $535,550 |
| 2015 | $9,701 | $763,673 | $236,167 | $527,506 |
| 2014 | $9,594 | $748,714 | $231,541 | $517,173 |
Source: Public Records
Agents Affiliated with this Home
-
Oliver Wang
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR23117211
APN: 5337-018-010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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