NOT LISTED FOR SALE

1608 W Commonwealth Ave Alhambra, CA 91803

Estimated Value: $1,422,000 - $1,628,967

7 Beds
4 Baths
2,930 Sq Ft
$518/Sq Ft Est. Value

Last Sold September 30, 2014

Last sale price $862,000 $294 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $9,130/month

38 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Garden
  • William Northrup Elementary School Rated A-
  • Laundry Room

About This Home

As of September 2014

Triplex near Costco, Target and Albertsons shopping centers in Alhambra
Great unit mix, One-3 Bed/2 Bath with direct garage access and two-2 Bed/1 Bath units on 2 Separate buildings with garage in rear.
Recently upgraded units, fully occupied, Plenty of parking. Current monthly income is $4,400. No rent control. Perfect to live in one unit and have your tenants pay your mortgage! Solid income property. High demand rental area. no vacancy.

Last Agent to Sell the Property

Raymond Ho

G E PROPERTY DEVELOPMENT License #01868322 Listed on: 08/15/2014

Last Buyer's Agent

Karena Wong

HANDFORE REALTY CORP. License #00916008

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,873

Year Built

  • Built in 1969

Lot Details

  • 6,571 Sq Ft Lot
  • No Common Walls
  • Garden
  • Front Yard

Parking

  • 4 Car Garage
  • 2 Carport Spaces

Home Design

  • 2,930 Sq Ft Home

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Assessor Parcel Number 5343005017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $330
  • Gardener Expense $840
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Water Sewer Expense $2,300
  • New Taxes Expense $10,800
  • Gross Income $4,400
  • Net Operating Income $36,330

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,873

Year Built

Built in 1969

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 4.20
  • Property Attached: No
  • Water Sewer Expenses: 2300.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 5343005017
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Levels: Two
  • Price Per Square Foot: 294.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: Front Yard, Garden
  • Lot Size Sq Ft: 6571.00
  • Lot Size Acres: 0.1510

Multi Family

  • Electric Expense: 330.00
  • Gross Income: 4400.00
  • Gross Multiplier: 16.40
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6571.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 36330.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 16470.00
  • Rent Control: No
  • Total Actual Rent: 4400.00

Tax Info

  • New Taxes Expense: 10800.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2015
Sold by
Wong William D and Wong Karena K
Bought by
Rhema Llc
Current Estimated Value
$1,518,242

Purchase Details

Listed on
Aug 15, 2014
Closed on
Sep 23, 2014
Sold by
Lee Kin Ki and Lam Olivia Hel Wan
Bought by
Wong William D and Wong Karena K
Seller's Agent
Raymond Ho
G E PROPERTY DEVELOPMENT
Buyer's Agent
Karena Wong
HANDFORE REALTY CORP.
List Price
$868,000
Sold Price
$862,000
Premium/Discount to List
-$6,000
-0.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.22%

Purchase Details

Closed on
Aug 11, 2010
Sold by
Situ Jimmy Jin and Yee Kim Soon
Bought by
Lee Kin Ki and Lam Olivia Hei Wan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2004
Sold by
Eaes Investments
Bought by
Situ Jimmy Jin and Yee Kim Soon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2002
Sold by
Sawaya Edward and Richard A Sawaya Charitable Tr
Bought by
Eaes Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
5.88%

Purchase Details

Closed on
Aug 13, 2002
Sold by
Sawaya Richard A
Bought by
Sawaya Richard A and Richard A Sawaya Charitable Tr
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rhema Llc -- Accommodation
Wong William D $862,000 Nations Title Company
Lee Kin Ki $725,000 Itc
Situ Jimmy Jin $618,000 United Title Company
Eaes Investments $439,000 First American Title Co
Sawaya Richard A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Kin Ki $508,900
Previous Owner Lee Kin Ki $435,000
Previous Owner Situ Jimmy Jin $150,000
Previous Owner Situ Jimmy Jin $408,000
Previous Owner Eaes Investments $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2014 09/30/14 Sold $862,000 -0.7% $294 / Sq Ft
09/22/2014 09/22/14 Pending -- -- --
08/15/2014 08/15/14 For Sale $868,000 -- $296 / 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 $12,873 $1,035,986 $555,249 $480,737
2024 $12,873 $1,015,673 $544,362 $471,311
2023 $12,759 $995,759 $533,689 $462,070
2022 $12,155 $976,235 $523,225 $453,010
2021 $12,026 $957,094 $512,966 $444,128
2020 $11,963 $947,282 $507,707 $439,575
2019 $11,607 $928,708 $497,752 $430,956
2018 $11,595 $910,499 $487,993 $422,506
2016 $10,664 $875,145 $469,045 $406,100
2015 $10,505 $862,000 $462,000 $400,000
2014 -- $757,712 $530,922 $226,790
Source: Public Records

Agents Affiliated with this Home

  • Raymond Ho

    Seller's Agent in 2014

    Raymond Ho

    G E PROPERTY DEVELOPMENT

    (626) 458-9000

    15 Total Sales

    Raymond Ho
    Section Image

  • K

    Buyer's Agent in 2014

    Karena Wong

    HANDFORE REALTY CORP.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14175862

California Regional Multiple Listing Service (CRMLS)

APN: 5343-005-017

California Los Angeles County Alhambra 91801

1608 W Commonwealth Ave, Alhambra, CA

This home is located at 1608 W Commonwealth Ave, Alhambra, CA 91803 since 15 August 2014 and is currently estimated at $1,518,242, approximately $518 per square foot. This property was built in 1969. 1608 W Commonwealth Ave is a home located in Los Angeles County with nearby schools including William Northrup Elementary School, Alhambra High School, and All Souls World Language Catholic 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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