NOT LISTED FOR SALE
22 Beds
22 Baths
8,954 Sq Ft
0.49 Acre Lot

Sale Details

Date Sold: December 31, 2020

Last sale price $3,500,000 $391 Per Sq Ft

About This Home

As of December 2020

Great investment and high return income property. Building #1 at 1414 S. Campbell Ave Alhambra has 10 units of 1 bedroom + 1 bathroom; building #2 at 1415 S. Marengo Ave Alhambra has 12 units of studios. Huge lot right next to Valley blvd. shopping plazas, supermarkets, schools, and freeways.

Last Agent to Sell the Property

Jiaru Meng

IRN REALTY License #01927752 Listed on: 10/10/2020

IRN REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 21,508 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 11 Car Garage

Home Design

  • 8,954 Sq Ft Home

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 22 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 9
  • Tax Tract Number 4809
  • Assessor Parcel Number 5356006027

Community Details

Overview

  • 2 Buildings
  • 22 Units

Building Details

  • 22 Separate Electric Meters
  • 22 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $5,488
  • Pest Control $1,548
  • Professional Management Expense $13,898
  • Trash Expense $5,308
  • Water Sewer Expense $7,366
  • New Taxes Expense $43,730
  • Operating Expense $93,459
  • Net Operating Income $138,177

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0.49 Acres

Parking

11

Listing Details

  • Professional Management Expense: 13898.00
  • Property Attached: No
  • Water Sewer Expenses: 7366.00
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 5356006027
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 390.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 11.00
  • Total Parking Spaces: 11.00

Utilities

  • Laundry: No
  • Pest Control Expense: 1548.00
  • Sewer: Public Sewer
  • Trash Expense: 5308.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 21508.00
  • Lot Size Acres: 0.4938

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 440 Square Feet
  • Average Studio Area: 379 Square Feet
  • Gross Scheduled Income: 231636.00
  • Insurance Expense: 5488.00
  • Lot Size Area: 21508.0000 Square Feet
  • Net Operating Income: 138177.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Operating Expense: 93459.00
  • Rent Control: No
  • Total Expenses: 93459.00

Tax Info

  • New Taxes Expense: 43730.00
  • Tax Lot: 9
  • Tax Tract Number: 4809
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/31/2020 12/31/20 Sold $3,500,000 -7.9% $391 / Sq Ft
10/10/2020 10/10/20 For Sale $3,800,000 +81.0% $424 / Sq Ft
09/24/2020 09/24/20 Pending -- -- --
02/29/2012 02/29/12 Sold $2,100,000 -6.7% $235 / Sq Ft View Prior Sale
02/23/2012 02/23/12 Pending -- -- --
09/09/2011 09/09/11 For Sale $2,250,000 -- $251 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $49,391 $3,788,511 $2,651,958 $1,136,553
2024 $47,955 $3,714,227 $2,599,959 $1,114,268
2023 $48,041 $3,641,400 $2,548,980 $1,092,420
2022 $45,839 $3,570,000 $2,499,000 $1,071,000
2021 $45,380 $3,500,000 $2,450,000 $1,050,000
2020 $33,043 $2,412,950 $1,447,111 $965,839
2019 $32,131 $2,365,660 $1,418,737 $946,923
2018 $32,065 $2,319,297 $1,390,919 $928,378
2016 $29,607 $2,228,181 $1,336,909 $891,272
2015 $29,198 $2,194,713 $1,316,828 $877,885
2014 $28,967 $2,151,723 $1,291,034 $860,689
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20202646

California Regional Multiple Listing Service (CRMLS)
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