NOT LISTED FOR SALE

1524 S Atlantic Blvd Alhambra, CA 91803

Estimated Value: $1,167,000 - $1,851,350

4 Beds
4 Baths
3,080 Sq Ft
$510/Sq Ft Est. Value

Last Sold March 22, 2022

Last sale price $1,695,000 $550 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $10,178/month

24 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Back and Front Yard
  • Ramona Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of March 2022

With the best location in the prime area of Alhambra, we are proud to present South Atlantic Apartments. A wonderful investment opportunity that offers 4 units with walking distance to many amenities, shops, restaurants, Atlantic Time Square and much more! This well-maintained quadruplex provides an excellent mix of units with very convenient access to Downtown LA through public transportation. There is tremendous rental potential. the largest unit is separated by the rest by a backyard. The rest of the units are all occupied. This property is settled on a corner with an extra-long front access of more than 130 feet which makes this property a truly unique opportunity in the Alhambra area. No doubts this will become a solid and secure source of income to any investor

Last Agent to Sell the Property

Aura Segura

Bullock Russell RE Services License #02124514 Listed on: 01/15/2022

Bullock Russell RE Services

Last Buyer's Agent

Jason Lopez

Re/Max Top Producers License #01938123

Re/Max Top Producers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,837

Year Built

  • Built in 1949

Lot Details

  • 7,660 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 3,080 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 51
  • Tax Tract Number 4376
  • Assessor Parcel Number 5357001025
  • $1,292 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,062
  • Fuel Expense $1,355
  • Insurance Expense $2,800
  • Maintenance Expense $2,150
  • Trash Expense $1,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $16,000
  • Operating Expense $29,368
  • Gross Income $43,800
  • Net Operating Income $61,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,837

Year Built

Built in 1949

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 424750
  • Property Attached: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: ALRPD*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5357001025
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 550.32

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Rectangular Lot, Level
  • Lot Size Sq Ft: 7660.00
  • Lot Size Acres: 0.1758

Multi Family

  • Electric Expense: 4062.00
  • Fuel Expense: 1355.00
  • Gross Income: 43800.00
  • Gross Scheduled Income: 91200.00
  • Insurance Expense: 2800.00
  • Lot Size Area: 7660.0000 Square Feet
  • Maintenance Expense: 2150.00
  • Net Operating Income: 61832.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 29368.00
  • Rent Control: No
  • Total Expenses: 29368.00

Tax Info

  • New Taxes Expense: 16000.00
  • Tax Census Tract: 4816.06
  • Tax Lot: 51
  • Tax Tract Number: 4376
  • TaxOtherAnnualAssessmentAmount: 1292.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2022
Closed on
Mar 7, 2022
Sold by
Amparo Ramirez
Bought by
Lew Stephen
Seller's Agent
Aura Segura
Bullock Russell RE Services
Buyer's Agent
Jason Lopez
Re/Max Top Producers
List Price
$1,699,000
Sold Price
$1,695,000
Premium/Discount to List
-$4,000
-0.24%
Current Estimated Value
$1,570,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$124,912
Avg. Annual Appreciation
-2.13%
Original Mortgage
$1,013,000
Outstanding Balance
$944,746
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$625,342

Purchase Details

Closed on
Aug 9, 1999
Sold by
Lin Peter S Y and Lin Janice
Bought by
Ramirez Amparo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,882
Interest Rate
7.68%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 8, 1993
Sold by
Han Seikichi and Han Jiyo
Bought by
Lin Peter S Y and Lin Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
7.62%
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
Lew Stephen $1,695,000 Fidelity National Title
Ramirez Amparo $259,000 First American Title Co
Lin Peter S Y -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lew Stephen $1,013,000
Previous Owner Ramirez Amparo $256,882
Previous Owner Lin Peter S Y $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2022 03/22/22 Sold $1,695,000 -0.2% $550 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
01/15/2022 01/15/22 For Sale $1,699,000 -- $552 / 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 $21,837 $1,798,745 $1,438,997 $359,748
2024 $21,837 $1,763,477 $1,410,782 $352,695
2023 $21,588 $1,728,900 $1,383,120 $345,780
2022 $5,500 $375,099 $230,274 $144,825
2021 $5,434 $367,745 $225,759 $141,986
2020 $5,407 $364,616 $223,445 $141,171
2019 $5,267 $357,480 $219,064 $138,416
2018 $5,200 $350,484 $214,769 $135,715
2016 $4,806 $336,261 $206,430 $129,831
2015 $4,740 $331,211 $203,330 $127,881
2014 $4,707 $324,724 $199,348 $125,376
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Aura Segura

    Bullock Russell RE Services

    (308) 708-0705

    2 Total Sales

    Aura Segura
    Section Image
  • Jason Lopez

    Buyer's Agent in 2022

    Jason Lopez

    RE/MAX

    (626) 926-2702

    75 Total Sales

    Jason Lopez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22001864

California Regional Multiple Listing Service (CRMLS)

APN: 5357-001-025

California Los Angeles County Alhambra 91803

1524 S Atlantic Blvd, Alhambra, CA

This home is located at 1524 S Atlantic Blvd, Alhambra, CA 91803 since 15 January 2022 and is currently estimated at $1,570,088, approximately $509 per square foot. This property was built in 1949. 1524 S Atlantic Blvd is a home located in Los Angeles County with nearby schools including Ramona Elementary School, Alhambra High School, and Ramona Convent Secondary School.

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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