C
Seller's Agent in 2023
Carlos Mendez
Sharpstone Realty
(626) 343-3621
2 in this area
4 Total Sales
1369 Maine Ave Baldwin Park, CA 91706
Estimated Value: $1,070,000 - $1,277,000
8
Beds
4
Baths
3,224
Sq Ft
$374/Sq Ft
Est. Value
Highlights
- Fireplace in Bathroom
- Cul-De-Sac
- Accessible Parking
- Sierra Vista High Rated A-
- Laundry Room
- Tile Flooring
About This Home
As of March 2023Investor's dream income property waiting to be maximized by the right investor. Or for the large family, live in one and rent the others. It is located in a cul-de-sac with plenty of parking spaces. Steps away from public transportation, kaiser Permanente hospital, 10 freeway, 605 freeway, shopping centers, Baldwin Park, Bassett Unified school districts, and the West Covina mall. Each unit has separate meters each renter pays its own gas and electric bills. Each 2 bedroom 1 bathroom unit has its own attached garage with washer and dryer hookups. Potential rent increases up to $2500 a month for each home. This is an incredible deal for the large family who can buy and live together, especially with today's rents. As an investor and close family, this income property is hard to ignore. No rent control first and last unit have their own private fenced yard with plenty of shade for the summer bar-b q's. Very desirable area of Baldwin Park. Property to be sold as is.
Last Listed By
Carlos Mendez
Sharpstone Realty License #01892635 Listed on: 08/22/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,022
Year Built
- Built in 1961
Lot Details
- 10,269 Sq Ft Lot
- 1 Common Wall
- Cul-De-Sac
Parking
- 4 Car Garage
Home Design
- Property Attached
Interior Spaces
- 3,224 Sq Ft Home
- Electric Fireplace
- Gas Fireplace
- Family Room with Fireplace
- Living Room with Fireplace
- Tile Flooring
- Fireplace in Kitchen
Bedrooms and Bathrooms
- 8 Bedrooms
- All Upper Level Bedrooms
- 4 Bathrooms
- Fireplace in Bathroom
Laundry
- Laundry Room
- Laundry in Kitchen
- Washer and Gas Dryer Hookup
Utilities
- No Heating
- Cable TV Available
Additional Features
- Accessible Parking
- Exterior Lighting
Listing and Financial Details
- Tax Lot 026
- Tax Tract Number 26
- Assessor Parcel Number 8559002026
Community Details
Overview
- 4 Buildings
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Trash Expense $1,800
- Water Sewer Expense $2,400
- Operating Expense $5,400
- Gross Income $45,000
- Net Operating Income $36,150
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 22, 2022
Closed on
Mar 16, 2023
Sold by
Zhang Zhi Qin Cai
Bought by
Cai Zhang Protection Trust
Seller's Agent
Carlos Mendez
Sharpstone Realty
Buyer's Agent
Andy Yu
PARTNER Real Estate
List Price
$1,300,000
Sold Price
$1,050,000
Premium/Discount to List
-$250,000
-19.23%
Total Days on Market
176
Views
67
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
$157,025
Avg. Annual Appreciation
6.48%
Purchase Details
Listed on
Aug 22, 2022
Closed on
Feb 15, 2023
Sold by
Lopez Hugo
Bought by
Zhang Zhi Qin
Seller's Agent
Carlos Mendez
Sharpstone Realty
Buyer's Agent
Andy Yu
PARTNER Real Estate
List Price
$1,300,000
Sold Price
$1,050,000
Premium/Discount to List
-$250,000
-19.23%
Views
67
Purchase Details
Closed on
Apr 21, 2003
Sold by
Butchart Marie
Bought by
Mcbutchart Ernest
Purchase Details
Closed on
Oct 21, 2002
Sold by
Sunda Scott
Bought by
Lopez Hugo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,500
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 14, 2000
Sold by
Mcbutchart Ernest
Bought by
Sunda Scott and Mcbutchart Ernest
Purchase Details
Closed on
Jul 16, 1999
Sold by
Olivas Federico J
Bought by
Mcbutchart Ernest
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,334
Interest Rate
7.2%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 3, 1999
Sold by
Raygoza Jose
Bought by
Olivas Federico J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,334
Interest Rate
7.2%
Mortgage Type
FHA
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cai Zhang Protection Trust | -- | -- | |
| Zhang Zhi Qin | $1,050,000 | Pacific Coast Title | |
| Mcbutchart Ernest | -- | Fidelity National Title Co | |
| Lopez Hugo | $358,000 | Fidelity National Title Co | |
| Sunda Scott | -- | -- | |
| Mcbutchart Ernest | -- | First American Title Ins Co | |
| Olivas Federico J | $210,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lopez Hugo | $513,000 | |
| Previous Owner | Lopez Hugo | $467,500 | |
| Previous Owner | Lopez Hugo | $268,500 | |
| Previous Owner | Olivas Federico J | $208,334 | |
| Closed | Lopez Hugo | $53,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2023 03/03/23 | Sold | $1,050,000 | -8.7% | $326 / Sq Ft |
| 02/14/2023 02/14/23 | Pending | -- | -- | -- |
| 01/12/2023 01/12/23 | Price Changed | $1,150,000 | -4.2% | $357 / Sq Ft |
| 09/05/2022 09/05/22 | Price Changed | $1,200,000 | -7.7% | $372 / Sq Ft |
| 08/22/2022 08/22/22 | For Sale | $1,300,000 | -- | $403 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $14,022 | $1,071,000 | $695,640 | $375,360 |
| 2023 | $7,432 | $498,349 | $264,488 | $233,861 |
| 2022 | $7,549 | $488,578 | $259,302 | $229,276 |
| 2021 | $7,425 | $478,999 | $254,218 | $224,781 |
| 2019 | $7,006 | $464,794 | $246,679 | $218,115 |
| 2018 | $6,602 | $455,682 | $241,843 | $213,839 |
| 2016 | $6,224 | $437,989 | $232,452 | $205,537 |
| 2015 | $6,374 | $431,411 | $228,961 | $202,450 |
| 2014 | $6,303 | $422,961 | $224,476 | $198,485 |
Source: Public Records
Agents Affiliated with this Home
-
-
Andy Yu
Buyer's Agent in 2023
Andy Yu
PARTNER Real Estate
(626) 789-0159
1 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22184578
APN: 8559-002-026
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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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