NOT LISTED FOR SALE

125 N 3rd St Alhambra, CA 91801

10 Beds
6 Baths
5,677 Sq Ft
7,519 Sq Ft Lot

Last Sold August 30, 2013

Last sale price $1,680,000 $296 Per Sq Ft

51 Days on Market

Highlights

  • No HOA
  • Landscaped
  • Paved or Partially Paved Lot
  • Garfield Elementary School Rated A-
  • Central Heating and Cooling System
  • Carpet

About This Home

As of August 2013

This is an unique opportunity to acquire a newer well-maintained, fully occupied condo/townhouse style 5-unit income property located at the heart of Alhambra. Unit mix consists of three 3-bedroom + 2.5 bath units and two 2-bedroom + 1.5 bath units. Most units have carpeting throughout and vinyl flooring in kitchen, dining and bathrooms. Each unit has central air conditioning & heat, balcony, 2-car garage (but no direct access), large storage cabinets in garage, gas stove & oven, fire sprinklers, smoke detectors and carbon monoxide detectors. There is 1 additional on-site carport for guest parking, newer roof and automatic sprinkler with timer for landscape throughout. The property's landscaping was once awarded by the City of Alhambra as "Most Beautiful Property." Subject property is situated on a quiet street in North Alhambra close to restaurants, markets, movie theaters, City Hall, bus stops, schools and banks. Property shares the driveway with neighboring complex to its south. Current rents slightly below market price with room for increase. Fully occupied with low vacancy rate. (Interior photos were taken prior to tenant occupancy.) Don't miss this great investment opportunity!

Last Agent to Sell the Property

Hai Phu Luong

Tendwell Realty & Invest. License #01304221 Listed on: 04/22/2013

Last Buyer's Agent

Cindy Tsai

Cal Land Realty License #01461618

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,519 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Front and Back Yard Sprinklers

Parking

  • 10 Car Garage
  • 1 Carport Space

Home Design

  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 5,677 Sq Ft Home
  • 3-Story Property

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Assessor Parcel Number 5338035004

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $508
  • Gardener Expense $600
  • Insurance Expense $3,256
  • Trash Expense $1,384
  • Water Sewer Expense $3,393
  • New Taxes Expense $20,160
  • Gross Income $6,900
  • Net Operating Income $53,047

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

10

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 3393.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5338035004
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Three Or More
  • Price Per Square Foot: 295.93

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Roof: Flat, Tile

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 10.00
  • Total Parking Spaces: 11.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Appliances: Gas Oven, Gas Range, Gas Cooktop
  • Heating Type: Central
  • Trash Expense: 1384.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: Front Yard, Landscaped, Lot 6500-9999, Paved, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Sprinkler System
  • Lot Size Sq Ft: 7519.00
  • Lot Size Acres: 0.1730

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 508.00
  • Gross Income: 6900.00
  • Gross Scheduled Income: 82800.00
  • Insurance Expense: 3256.00
  • Lot Size Area: 7519.0000 Square Feet
  • Net Operating Income: 53047.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Range: 5
  • Operating Expense: 29753.00
  • Rent Control: No
  • Total Actual Rent: 6900.00

Tax Info

  • New Taxes Expense: 20160.00
  • Tax Lot: 4
  • Tax Tract Number: 00000
  • Tax Year: 2012

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
08/30/2013 08/30/13 Sold $1,680,000 0.0% $296 / Sq Ft
06/12/2013 06/12/13 Pending -- -- --
04/22/2013 04/22/13 For Sale $1,680,000 -- $296 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13072461

California Regional Multiple Listing Service (CRMLS)