NOT LISTED FOR SALE

Estimated Value: $1,065,000 - $1,628,000

6 Beds
4 Baths
2,403 Sq Ft
$590/Sq Ft Est. Value

Sale Details

Date Sold: May 28, 2015

Last sale price $850,000 $354 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $8,502 / mo

4 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Tile Flooring
  • Garfield Elementary School Rated A-
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of May 2015

Great North Alhambra Area. Very convenient location with walking distance to Alhambra High school, Library, Market, Shops and more... High demand rental area. Front Building with 2 units, one with 2 bedrooms plus den (can be the 3rd bedroom )and 2 baths with central Air Condition, laundry hood up in kitchen. one is 1 bedroom and 1 bath with central Air Condition. Back House is 1 bedroom plus Den (can be 2nd bedroom) and 1 bath. Please drive by only and subject to inspection. Excellent for owner occupy plus extra monthly income.( OWNER RECEIVED A LETTER FROM ASSESSOR OF LOS ANGELES COUNTY,ASSESSOR WILL BE UPDATING THE RECORDS FROM 2 UNITS TO 3 UNITS.) please see attachment. 3 seperate Electric meters and 3 gas meters. Buyer to verify all information. Property Sold "AS IS" condition. No repairs.

Last Agent to Sell the Property

Janet Chan

Pinnacle Real Estate Group License #01876961 Listed on: 03/03/2015

Pinnacle Real Estate Group

Last Buyer's Agent

Joshua Chao

Help-U-Sell Smart Realty License #01266811

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,497 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Brick Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,403 Sq Ft Home
  • Den with Fireplace

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 41
  • Tax Tract Number 18
  • Assessor Parcel Number 5338034024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $800
  • Trash Expense $400
  • Water Sewer Expense $1,100
  • New Taxes Expense $9,000
  • Gross Income $3,410
  • Net Operating Income $29,020

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

7,497 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1100.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5338034024
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Fireplace Features: Den
  • Levels: One
  • Price Per Square Foot: 353.72
  • Room Type: All Bedrooms Down

Exterior Features

  • Fencing: Brick, Wood
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Kitchen
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7497.00
  • Lot Size Acres: 0.1720

Multi Family

  • Gross Income: 3410.00
  • Gross Scheduled Income: 40920.00
  • Insurance Expense: 800.00
  • Lot Size Area: 7497.0000 Square Feet
  • Net Operating Income: 29020.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 11900.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Lot: 41
  • Tax Tract Number: 18
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2015
Closed on
May 18, 2015
Sold by
Chan Libby Lai Pik
Bought by
Wong Mel Andy and Wong Ya Huei
Seller's Agent
Janet Chan
Pinnacle Real Estate Group
Buyer's Agent
Joshua Chao
Help-U-Sell Smart Realty
List Price
$878,000
Sold Price
$850,000
Premium/Discount to List
-$28,000
-3.19%
Current Estimated Value
$1,405,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$555,064
Avg. Annual Appreciation
4.81%
Original Mortgage
$625,500
Outstanding Balance
$481,163
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$936,565

Purchase Details

Closed on
Aug 16, 2010
Sold by
Leu Michelle Menq Sheau and Yu Chia Tsung
Bought by
Chan Robert W and Chan Libby Lai Pik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2010
Sold by
Chan Robert Wing
Bought by
Chan Libby Lai Pik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2002
Sold by
Yu Chia Tsung and Leu Michelle Menq Sheau
Bought by
Yu Chia Tsung and Leu Michelle Menq Sheau

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.86%

Purchase Details

Closed on
Jun 12, 2001
Sold by
Leu Michelle Meng Sheau
Bought by
Yu Chia Tsung and Leu Michelle Meng Sheau

Purchase Details

Closed on
Apr 16, 2001
Sold by
Lu Min Wen
Bought by
Leu Michelle Meng Sheau

Purchase Details

Closed on
Feb 11, 1998
Sold by
Lu Min Wen
Bought by
Lu Min Wen and Leu Michelle Menq Sheau

Purchase Details

Closed on
Feb 18, 1997
Sold by
Lu Min Wen and Leu Michelle Menq Sheau
Bought by
Lu Min Wen

Purchase Details

Closed on
Oct 16, 1996
Sold by
Lu Min Wen
Bought by
Lu Min Wen and Leu Michelle Menq Sheau

Purchase Details

Closed on
Jul 6, 1996
Sold by
Home Svgs Of America Fsb
Bought by
Lu Min Wen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
8.39%

Purchase Details

Closed on
Jan 11, 1996
Sold by
Elliot Pete and Miller Sandra
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Jan 5, 1996
Sold by
Miller Sandra S
Bought by
4Th Street Bto

Purchase Details

Closed on
Oct 31, 1995
Sold by
Elliot Pete
Bought by
4Th Street Bto
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wong Mel Andy $850,000 Chicago Title Co
Chan Robert W $670,000 Investors Title Company
Tseng Leu Michelle Menq Sheau -- Investors Title Company
Chan Libby Lai Pik -- Accommodation
Yu Chia Tsung -- Investors Title Company
Yu Chia Tsung -- --
Leu Michelle Meng Sheau -- --
Lu Min Wen -- Landsafe Title
Lu Min Wen -- First American
Lu Min Wen -- --
Lu Min Wen $174,000 Investors Title Company
Home Svgs Of America Fsb $157,500 Chicago Title Co
4Th Street Bto -- --
4Th Street Bto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Mel Andy $625,500
Previous Owner Chan Robert W $390,000
Previous Owner Yu Chia Tsung $200,000
Previous Owner Lu Min Wen $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2015 05/28/15 Sold $850,000 -3.2% $354 / Sq Ft
03/07/2015 03/07/15 Pending -- -- --
03/03/2015 03/03/15 For Sale $878,000 -- $365 / 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 $12,626 $1,021,561 $600,920 $420,641
2024 $12,626 $1,001,532 $589,138 $412,394
2023 $12,471 $981,895 $577,587 $404,308
2022 $11,876 $962,643 $566,262 $396,381
2021 $11,752 $943,768 $555,159 $388,609
2020 $11,690 $934,092 $549,467 $384,625
2019 $11,340 $915,778 $538,694 $377,084
2018 $11,293 $897,823 $528,132 $369,691
2016 $10,361 $862,962 $507,625 $355,337
2015 $8,684 $714,221 $499,955 $214,266
2014 $8,484 $700,231 $490,162 $210,069
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS15044375

California Regional Multiple Listing Service (CRMLS)

APN: 5338-034-024

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