NOT LISTED FOR SALE
16 Beds
8 Baths
6,882 Sq Ft
0.29 Acres

Last Sold May 11, 2021

Last sale price $2,080,000 $302 Per Sq Ft

53 Days on Market

About This Home

As of May 2021

Well maintained 8 unit apartment with upside potential in the heart of the San Gabriel Valley. All 2 bed / 1 bath approximate 860 sf per unit. Mostly long term tenants with month to month leases. There are 8 carport spaces with 8 additional parking spaces. One unit was recently updated last year. Separately metered electricity and gas. Shared laundry. Located near the I-10 and I-605 fwy for easy access.

Last Agent to Sell the Property

Kenny Lau

KW Executive License #01970835 Listed on: 02/08/2021

KW Executive

Co-Listed By

DONALD LA

KW Executive License #01928418

KW Executive

Last Buyer's Agent

DONALD LA

KW Executive License #01928418

KW Executive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.29 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 6,882 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 8 Open Parking Spaces
  • 16 Parking Spaces
  • 8 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for ada upgrades, cable TV, electricity, gas, telephone
  • Tax Lot 11
  • Tax Tract Number 11486
  • Assessor Parcel Number 8549006011

Community Details

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Fuel Expense $460
  • Insurance Expense $2,650
  • Maintenance Expense $2,500
  • Trash Expense $3,500
  • Water Sewer Expense $4,500
  • New Taxes Expense $27,613
  • Operating Expense $41,703
  • Gross Income $140,820
  • Net Operating Income $100,077

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.76
  • Property Attached: Yes
  • Water Sewer Expenses: 4500.00
  • Zoning: EMR3YY
  • Property Type: Residential Income
  • Parcel Number: 8549006011
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 302.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 12614.00
  • Lot Size Acres: 0.2896

Rental Info

  • Tenant Pays: ADA Upgrades, Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 860 Square Feet
  • Electric Expense: 480.00
  • Fuel Expense: 460.00
  • Gross Income: 140820.00
  • Gross Scheduled Income: 141780.00
  • Insurance Expense: 2650.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 960.00
  • Lot Size Area: 12614.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 100077.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 41703.00
  • Operating Expense Percent: 24.00
  • Rent Control: Yes
  • Total Expenses: 41703.00

Tax Info

  • New Taxes Expense: 27613.00
  • Tax Census Tract: 4333.06
  • Tax Lot: 11
  • Tax Tract Number: 11486

Range of Values:

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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 Change Sq Ft Price
05/11/2021 05/11/21 Sold $2,080,000 -1.0% $302 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $2,100,000 -- $305 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR21025814

California Regional Multiple Listing Service (CRMLS)