NOT LISTED FOR SALE

1500 S Chapel Ave Alhambra, CA 91801

Estimated Value: $1,670,000 - $1,952,493

6 Beds
4 Baths
2,622 Sq Ft
$685/Sq Ft Est. Value

Last Sold August 30, 2013

Last sale price $940,000 $359 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $10,813/month

42 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Carpet
  • Ramona Elementary School Rated A-
  • Level Lot
  • Wall Furnace

About This Home

As of August 2013

Desirable location for rental property. Half block north to bus stop on Valley Blvd., Within one mile, there are 4 Super Markets, More than 10 Banks and more than 20 restarurants are within 0.5 mile. 4 Car Garages and 4 Open Parking Spaces. Seperate Washer and Dryer Hook-up. property has 4 units in 2 buildings. Front 2 units were built in 1929 and Rear 2 units were built in 1954. Property has been remodeled within 2 years. Move-in condition!! Drive-by only!

Last Agent to Sell the Property

Hank Chang

IRN REALTY License #01080112 Listed on: 07/01/2013

IRN REALTY

Last Buyer's Agent

Grace Lee

IRN REALTY License #01051404

IRN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,514

Year Built

  • Built in 1929

Lot Details

  • 10,154 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • 2,622 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 162
  • Tax Tract Number 5304
  • Assessor Parcel Number 5359004012

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,000
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $11,616
  • Gross Income $4,400
  • Net Operating Income $36,784

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,514

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.80
  • Price Per Unit: 242000
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5359004012
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Vinyl
  • Levels: One
  • Price Per Square Foot: 358.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 10154.00
  • Lot Size Acres: 0.2330

Multi Family

  • Gross Income: 4400.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 10154.0000 Square Feet
  • Net Operating Income: 36784.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 16016.00
  • Rent Control: No
  • Total Actual Rent: 3960.00

Tax Info

  • New Taxes Expense: 11616.00
  • Tax Lot: 162
  • Tax Tract Number: 5304
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2013
Sold by
Zhao Binghui and Li Xiujuan
Bought by
Shun Xing Investment Llc
Current Estimated Value
$1,762,435

Purchase Details

Listed on
Jul 1, 2013
Closed on
Aug 21, 2013
Sold by
Hsu May Gee
Bought by
Zhao Binghui and Li Xiujuan
Seller's Agent
Hank Chang
IRN REALTY
Buyer's Agent
Grace Lee
IRN REALTY
List Price
$968,000
Sold Price
$940,000
Premium/Discount to List
-$28,000
-2.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%

Purchase Details

Closed on
Jul 14, 2008
Sold by
Hsu May Gee
Bought by
Hsu May Gee and Hsu Gene Chi

Purchase Details

Closed on
Jul 3, 2007
Sold by
Wang Tony Po Yu
Bought by
Hsu May Gee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$708,800
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2001
Sold by
Lee Edmund C
Bought by
Wang Tony Po Yu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,920
Interest Rate
6.87%

Purchase Details

Closed on
Oct 29, 1999
Sold by
Lee Salina Wong
Bought by
Lee Edmund C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
7.68%
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
Shun Xing Investment Llc -- None Available
Zhao Binghui $940,000 Lawyers Title
Shu Mary Gee -- Lawyers Title
Hsu May Gee -- None Available
Hsu May Gee $886,000 Ticor Title Company
Wang Tony Po Yu $340,000 Investors Title Company
Lee Edmund C -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hsu May Gee $708,800
Previous Owner Wang Tony Po Yu $630,000
Previous Owner Wang Tony Po Yu $200,000
Previous Owner Wang Tony Po Yu $364,000
Previous Owner Wang Tony Po Yu $300,000
Previous Owner Wang Tony Po Yu $271,920
Previous Owner Lee Edmund C $209,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2013 08/30/13 Sold $940,000 -2.9% $359 / Sq Ft
08/12/2013 08/12/13 Pending -- -- --
07/01/2013 07/01/13 For Sale $968,000 -- $369 / 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 $14,514 $1,152,298 $691,380 $460,918
2024 $14,514 $1,129,705 $677,824 $451,881
2023 $14,373 $1,107,555 $664,534 $443,021
2022 $13,701 $1,085,839 $651,504 $434,335
2021 $13,562 $1,064,549 $638,730 $425,819
2019 $13,096 $1,033,711 $619,786 $413,925
2018 $13,007 $1,013,458 $607,634 $405,824
2016 $11,978 $973,400 $584,040 $389,360
2015 $11,800 $958,780 $575,268 $383,512
2014 $11,660 $940,000 $564,000 $376,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS13127525

California Regional Multiple Listing Service (CRMLS)

APN: 5359-004-012