NOT LISTED FOR SALE

14500 Pacific Ave Baldwin Park, CA 91706

Estimated Value: $593,300

2 Beds
2 Baths
1,790 Sq Ft
$331/Sq Ft Est. Value

Last Sold December 06, 2018

Last sale price $400,000 $223 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,798/month

38 Days on Market

Highlights

  • Property is near public transit
  • 4-minute walk to Baldwin Park
  • Wood Fence
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Carpet

About This Home

As of December 2018

Corner lot with retail building facing Pacific Ave and rental house facing Downing Ave. Long term tenants. Close to downtown shopping and very near MetroLink station.

Beauty shop is on a lease until June, 2021. House is month to month. Tenants pay all utilities except Gas.

Zoning is RG: Garden Multi-Family Residential (City of Baldwin Park). Buyer to satisfy themselves as to uses of the property.

Last Agent to Sell the Property

MARK ANDERSEN

TEAM ANDERSEN, INC. License #00459689 Listed on: 08/10/2018

Last Buyer's Agent

Jack Wang

Cal Mutual Inc. License #01146566

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,610

Year Built

  • Built in 1926

Lot Details

  • 6,820 Sq Ft Lot
  • No Common Walls
  • Wood Fence

Home Design

  • Frame Construction
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,790 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, trash collection, water
  • Tax Lot 1
  • Tax Tract Number 5477
  • Assessor Parcel Number 8554012019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 2 Separate Water Meters
  • Fuel Expense $354
  • Insurance Expense $1,497
  • New Taxes Expense $4,320
  • Operating Expense $6,290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,610

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Zoning: RG
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 8554012019
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 223.46

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Rolled/Hot Mop
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 9.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size: 6,820
  • Lot Size Sq Ft: 6820.00
  • Lot Size Acres: 0.1566

Rental Info

  • Tenant Pays: Electricity, Trash Collection, Water

Multi Family

  • Fuel Expense: 354.00
  • Gross Scheduled Income: 25380.00
  • Insurance Expense: 1497.00
  • Lot Size Area: 6820.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 6290.00

Tax Info

  • New Taxes Expense: 4320.00
  • Tax Census Tract: 4052.02
  • Tax Lot: 1
  • Tax Tract Number: 5477
  • Tax Annual Amount: 3610.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2018
Sold by
Myers Christopher W and The Rhonda L Strasser Revocabl
Bought by
Lee Chuck and Zhou Angie
Current Estimated Value
$593,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2002
Sold by
Strasser Rhonda L
Bought by
Strasser Rhonda L and Rhonda L Strasser Revocable Li

Purchase Details

Closed on
Mar 12, 1996
Sold by
Strasser Rhonda L and Mona R Cole Revocable Trust
Bought by
Strasser Rhonda L
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
Lee Chuck $400,000 Old Republic Title Company
Strasser Rhonda L -- --
Strasser Rhonda L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Chuck $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2018 12/06/18 Sold $400,000 -15.8% $223 / Sq Ft
09/17/2018 09/17/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $475,000 -- $265 / 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 $6,587 $446,204 $334,654 $111,550
2024 $6,587 $437,456 $328,093 $109,363
2023 $6,512 $428,879 $321,660 $107,219
2022 $6,606 $420,470 $315,353 $105,117
2021 $6,500 $412,226 $309,170 $103,056
2020 $6,487 $408,000 $306,000 $102,000
2019 $6,134 $400,000 $300,000 $100,000
2018 $3,676 $208,770 $124,095 $84,675
2016 $3,468 $200,665 $119,277 $81,388
2015 $3,518 $197,652 $117,486 $80,166
2014 $3,464 $193,781 $115,185 $78,596
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18193523

California Regional Multiple Listing Service (CRMLS)

APN: 8554-012-019