NOT LISTED FOR SALE

1423 S 2nd St Alhambra, CA 91801

Ramona Park Neighborhood

Estimated Value: $1,143,298 - $1,418,000

4 Beds
3 Baths
1,848 Sq Ft
$681/Sq Ft Est. Value

Last Sold August 07, 2018

Last sale price $870,000 $471 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,688/month

9 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating
  • Ramona Elementary School Rated A-

About This Home

As of August 2018

GREAT OPPORTUNITY TO OWN AN INVESTMENT PROPERTY IN ALHAMBRA! FIRST TIME ONT THE MARKET IN 30+ YEARS. LONG TIME TENANTS. HUGE UPSIDE POTENTIAL ON RENT. PROPERTY SALE AS-IS CONDITION, NO CORRECTIVE WORK, NO RETROFIT WORK. WALKING DISTANCE TO BANKS, RESTAURANTS, SCHOOLS, AND SHOPPING AREA. EASY TO ACCESS TO FREEWAYS.

Last Agent to Sell the Property

Ivy Zhao

RE/MAX Galaxy License #01428487 Listed on: 07/16/2018

RE/MAX Galaxy

Last Buyer's Agent

Ivy Zhao

RE/MAX Galaxy License #01428487 Listed on: 07/16/2018

RE/MAX Galaxy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,079

Year Built

  • Built in 1921

Lot Details

  • 8,840 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 1,848 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for gas, security
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 5357008022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $30,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,079

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: ALRPD*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5357008022
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 470.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8840.00

Rental Info

  • Tenant Pays: Gas, Security

Multi Family

  • Gross Scheduled Income: 36840.00
  • Net Operating Income: 30840.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 6000.00
  • Rent Control: No
  • Total Actual Rent: 3070.00

Tax Info

  • Tax Census Tract: 4816.06
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2018
Closed on
Aug 8, 2018
Sold by
Zhong Jiexun
Bought by
163 Socal Development Llc
Seller's Agent
Ivy Zhao
RE/MAX Galaxy
Buyer's Agent
Ivy Zhao
RE/MAX Galaxy
List Price
$758,888
Sold Price
$870,000
Premium/Discount to List
$111,112
14.64%
Current Estimated Value
$1,220,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,300
Avg. Annual Appreciation
4.47%

Purchase Details

Listed on
Jul 16, 2018
Closed on
Jul 30, 2018
Sold by
Pao Teddy and The Samson And Mona Pao Family
Bought by
Zhong Jiexun
Seller's Agent
Ivy Zhao
RE/MAX Galaxy
Buyer's Agent
Ivy Zhao
RE/MAX Galaxy
List Price
$758,888
Sold Price
$870,000
Premium/Discount to List
$111,112
14.64%
Source: Public Records

Range of Values:

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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
163 Socal Development Llc -- None Available
Zhong Jiexun $870,000 First American Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2018 08/07/18 Sold $870,000 +8.9% $471 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
07/19/2018 07/19/18 Price Changed $799,000 +5.3% $432 / Sq Ft
07/16/2018 07/16/18 For Sale $758,888 -- $411 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $12,079 $970,497 $679,349 $291,148
2024 $12,079 $951,469 $666,029 $285,440
2023 $11,981 $932,814 $652,970 $279,844
2022 $11,416 $914,524 $640,167 $274,357
2021 $11,301 $896,593 $627,615 $268,978
2019 $10,910 $870,000 $609,000 $261,000
2018 $3,973 $264,471 $234,476 $29,995
2016 $3,680 $254,203 $225,372 $28,831
2015 $3,630 $250,385 $221,987 $28,398
2014 $3,606 $245,481 $217,639 $27,842
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2018

    Ivy Zhao

    RE/MAX

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18169765

California Regional Multiple Listing Service (CRMLS)

APN: 5357-008-022

California Los Angeles County Alhambra 91801 Ramona Park

1423 S 2nd St, Alhambra, CA

This home is located at 1423 S 2nd St, Alhambra, CA 91801 since 16 July 2018 and is currently estimated at $1,257,825, approximately $680 per square foot. This property was built in 1921. 1423 S 2nd St is a home located in Los Angeles County with nearby schools including Ramona Elementary School, Alhambra High School, and Emmaus Lutheran.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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