R
Seller's Agent in 2024
Richie Herrera
JohnHart Real Estate
(818) 606-9891
28 Total Sales
1618 Front St Alhambra, CA 91803
Estimated Value: $1,265,379 - $1,329,000
2
Beds
1
Bath
2,810
Sq Ft
$461/Sq Ft
Est. Value
Highlights
- City Lights View
- Double Pane Windows
- Living Room
- Marguerita Elementary School Rated A-
- Cooling System Mounted To A Wall/Window
- Laundry Room
About This Home
As of November 2024Attention investors and developers! This fourplex, located in a high-density residential zone in Alhambra, offers a remarkable opportunity for development and ownership. Situated on an 8,165 square foot lot, each unit features 702 square feet, 2 bedrooms, 1 bathroom, and a dedicated garage space. The property has been well-maintained, with exterior painting completed 2 years ago, a new roof installed 3 years ago, and an upgrade to copper plumbing in 2014. Double pane windows. The water heaters have been regularly maintained and replaced, and the building is equipped with a 120-volt electric panel. This property is strategically located near markets, shopping centers, dining options, and other amenities. Don’t miss this chance to invest in a prime location with significant potential for growth and development.
Last Agent to Sell the Property
JohnHart Real Estate Brokerage Phone: 818-606-9891 License #01974804 Listed on: 06/01/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 8,167 Sq Ft Lot
- Two or More Common Walls
- Fenced
- Fence is in fair condition
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- 4 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Rear-Facing Garage
- Single Garage Door
- Combination Of Materials Used In The Driveway
- Assigned Parking
Property Views
- City Lights
- Neighborhood
Home Design
- Quadruplex
- Entry on the 1st floor
- Slab Foundation
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 2,810 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Entryway
- Living Room
- Window Bars
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Laundry in Kitchen
- Dryer
Accessible Home Design
- Customized Wheelchair Accessible
- Accessibility Features
- More Than Two Accessible Exits
- Ramp on the main level
- Accessible Parking
Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Standard Electricity
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 4 / 11
- Assessor Parcel Number 5350028006
Community Details
Overview
- 4 Units
Building Details
- 3 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 2 Separate Water Meters
- Trash Expense $1,920
- Water Sewer Expense $3,600
- Operating Expense $5,520
- Gross Income $54,000
- Net Operating Income $48,480
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 1, 2024
Closed on
Oct 10, 2024
Sold by
Mayoral Family Trust and Mayoral Arturo
Bought by
Tse Family Revocable Trust and Tse
Seller's Agent
Richie Herrera
JohnHart Real Estate
Buyer's Agent
Jonathan Koo
KW Executive
List Price
$1,500,000
Sold Price
$1,280,000
Premium/Discount to List
-$220,000
-14.67%
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,595
Avg. Annual Appreciation
1.10%
Original Mortgage
$896,000
Outstanding Balance
$859,089
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$437,506
Purchase Details
Closed on
Sep 26, 2019
Sold by
Mayoral Arturo and Mayoral Maria
Bought by
Mayoral Arturo and Mayoral Maria
Purchase Details
Closed on
Mar 20, 2017
Sold by
Mayoral Arturo
Bought by
Mayoral Arturo and Mayoral Maria
Purchase Details
Closed on
May 26, 2015
Sold by
Mayoral Guadalupe
Bought by
Mayoral Guadalupe and Guadalupe Mayoral Trust
Purchase Details
Closed on
Mar 23, 2006
Sold by
Mayoral Guadalupe D and The Mayoral Trust
Bought by
Mayoral Guadalupe
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 25, 2001
Sold by
Mayoral Ignacio and Mayoral Herlinda
Bought by
Mayoral Ignacio
Purchase Details
Closed on
Apr 13, 1995
Sold by
Mayoral Guadalupe D and Mayoral Guadalupe
Bought by
Mayoral Guadalupe D and Mayoral Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tse Family Revocable Trust | $1,280,000 | Fidelity National Title | |
| Tse Family Revocable Trust | $1,280,000 | Fidelity National Title | |
| Mayoral Arturo | -- | None Available | |
| Mayoral Arturo | -- | Accommodation | |
| Mayoral Guadalupe | -- | None Available | |
| Mayoral Guadalupe | -- | Southland Title | |
| Mayoral Ignacio | -- | -- | |
| Mayoral Guadalupe D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tse Family Revocable Trust | $896,000 | |
| Closed | Tse Family Revocable Trust | $896,000 | |
| Previous Owner | Mayoral Guadalupe | $417,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2024 11/19/24 | Sold | $1,280,000 | -1.5% | $456 / Sq Ft |
| 10/10/2024 10/10/24 | Pending | -- | -- | -- |
| 09/09/2024 09/09/24 | Price Changed | $1,300,000 | -13.3% | $463 / Sq Ft |
| 06/01/2024 06/01/24 | For Sale | $1,500,000 | -- | $534 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,722 | $1,280,000 | $896,000 | $384,000 |
| 2024 | $16,722 | $1,323,063 | $928,467 | $394,596 |
| 2023 | $16,579 | $1,297,121 | $910,262 | $386,859 |
| 2022 | $15,794 | $1,271,688 | $892,414 | $379,274 |
| 2021 | $15,633 | $1,246,754 | $874,916 | $371,838 |
| 2019 | $15,089 | $1,210,256 | $848,966 | $361,290 |
| 2018 | $15,078 | $1,186,536 | $832,320 | $354,216 |
| 2016 | $10,808 | $865,798 | $542,567 | $323,231 |
| 2015 | $10,648 | $852,794 | $534,418 | $318,376 |
| 2014 | -- | $836,090 | $523,950 | $312,140 |
Source: Public Records
Agents Affiliated with this Home
-
Richie Herrera
-
Jonathan Koo
J
Buyer's Agent in 2024
Jonathan Koo
KW Executive
(626) 872-2207
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR24108885
APN: 5350-028-006
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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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