NOT LISTED FOR SALE

1552 Prospect Ave San Gabriel, CA 91776

10 Beds
10 Baths
8,388 Sq Ft
1987 Built

Last Sold August 14, 2018

Last sale price $3,180,000 $379 Per Sq Ft

45 Days on Market

Highlights

  • Living Room
  • Laundry Room
  • Central Heating and Cooling System
  • McKinley Elementary School Rated A-

About This Home

As of August 2018

Property is located on 1552 Prospect Avenue, main across street Valley Blvd. in the city of San Gabriel, California. Just 0.7 miles away from I-10, New Ave Exit.
Very prime location walking distance to grocery stores , coffee shops , restaurants and Parks.Nearby schools include Child's World School, McKinley Elementary, Jefferson Middle School and Gabrielino High School.

Actual Rental Size: 8,388 SF Lot Size:10,521 SF
8Units - 2 bedrooms/2 bathrooms
This property was built in 1987 . 
The charming, nicely property is separately metered for gas and electric, and offers controlled access entry, Central Cooler and Heater, an on-site laundry facility, and 8 uncovered, carport, and 8 garage parking spaces. (has extra storage for each unit by the parking space) 100% occupancy currently

Last Agent to Sell the Property

Grace Su

MEIGUO REALTY GRP License #01049207 Listed on: 05/12/2018

Last Buyer's Agent

Amy Wang

High Ten Partners, Inc. License #01349731

High Ten Partners, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,655

Year Built

  • Built in 1987

Lot Details

  • 10,521 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage
  • 8 Carport Spaces

Interior Spaces

  • 8,388 Sq Ft Home
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1052
  • Tax Tract Number 5768
  • Assessor Parcel Number 5360017009

Community Details

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $717
  • Fuel Expense $261
  • Insurance Expense $2,177
  • Maintenance Expense $536
  • Professional Management Expense $300
  • Trash Expense $2,534
  • Water Sewer Expense $4,168
  • New Taxes Expense $31,655
  • Operating Expense $46,868
  • Gross Income $168,000
  • Net Operating Income $121,132

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,655

Year Built

Built in 1987

Lot Details

0

Parking

8

Listing Details

  • Professional Management Expense: 300.00
  • Property Attached: No
  • Water Sewer Expenses: 4167.80
  • Zoning: SLR3*
  • Property Type: Residential Income
  • Parcel Number: 5360017009
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 379.11
  • Room Type: Kitchen, Living Room, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Garage Spaces: 8.00
  • Total Parking Spaces: 16.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Unknown
  • Trash Expense: 2534.30
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 10521.00

Multi Family

  • Electric Expense: 716.64
  • Fuel Expense: 261.15
  • Gross Income: 168000.00
  • Gross Scheduled Income: 168000.00
  • Insurance Expense: 2177.00
  • Maintenance Expense: 536.00
  • Net Operating Income: 121132.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 46868.00
  • Operating Expense Percent: 27.00
  • Rent Control: No
  • Total Actual Rent: 167820.00
  • Total Expenses: 46868.07

Tax Info

  • New Taxes Expense: 31655.00
  • Tax Area: 8467
  • Tax Census Tract: 4814.01
  • Taxes Percent: 1.40
  • Tax Lot: 1052
  • Tax Tract Number: 5768
  • Tax Annual Amount: 31655.00
  • Tax Year: 2017
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Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2018 08/14/18 Sold $3,180,000 0.0% $379 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
05/12/2018 05/12/18 For Sale $3,180,000 -- $379 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $40,353 $2,929,874 $1,757,925 $1,171,949
2024 $40,353 $2,872,426 $1,723,456 $1,148,970
2023 $39,664 $2,816,105 $1,689,663 $1,126,442
2022 $38,041 $2,760,888 $1,656,533 $1,104,355
2021 $37,757 $2,706,753 $1,624,052 $1,082,701
2020 $43,804 $3,194,200 $2,079,780 $1,114,420
2019 $42,519 $3,131,600 $2,039,000 $1,092,600
2018 $32,420 $2,304,259 $1,056,266 $1,247,993
2016 $30,818 $2,213,245 $1,015,250 $1,197,995
2015 $23,077 $1,611,043 $1,020,328 $590,715
2014 -- $1,579,486 $1,000,342 $579,144
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18114161

California Regional Multiple Listing Service (CRMLS)