NOT LISTED FOR SALE

Estimated Value: $1,262,000 - $1,306,429

5 Beds
2 Baths
1,915 Sq Ft
$672/Sq Ft Est. Value

Last Sold February 17, 2023

Last sale price $1,010,000 $527 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $8,168/month

13 Days on Market

Highlights

  • RV Access or Parking
  • All Bedrooms Downstairs
  • Open Floorplan
  • Ramona Elementary School Rated A-
  • Gated Parking
  • Craftsman Architecture

About This Home

As of February 2023

Great opportunity for investors on these 2 units in the heart of Alhambra DESIRABLE AREA! This 2-unit property features two detached homes with garages on a large 8,079 square-foot lot. The front home built in 1953, features three bedrooms and one spacious bathroom, 968 living sqft plus 270 sqft of bonus family room for a total of 1,238 living sqft. Other amenities include central AC and heat, updated dual pane windows, inside laundry room, dishwasher, washer & dryer, refrigerator, and a 5 burner stove. The main bedroom features crown molding. The back home on a spacious private back and side yard featuring 2 bedrooms and 1 bathroom and 677 living sqft, it is well maintained with nice interior paint, wall heater and AC, laminate floors, and ceiling fans throughout, it was built-in 1923. The long driveway gives additional parking, and between both homes is a 2-car garage plus 2 attached extra rooms that can be converted for additional income. This property is located minutes from downtown Los Angeles, with easy access to 10 freeways, and close to shopping centers, restaurants, schools, and parks.

Last Agent to Sell the Property

Xiaoling Zhang

Pinnacle Real Estate Group License #01710726 Listed on: 01/03/2023

Pinnacle Real Estate Group

Last Buyer's Agent

Tina Zhang

Keller Williams Signature License #01710726

Keller Williams Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,761

Year Built

  • Built in 1953

Lot Details

  • 8,079 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Wrought Iron Fence
  • Block Wall Fence
  • Brick Fence
  • Fence is in fair condition
  • Rectangular Lot
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Public Parking
  • Parking Available
  • Two Garage Doors
  • Driveway Level
  • Gated Parking
  • RV Access or Parking

Home Design

  • Duplex
  • Craftsman Architecture
  • Traditional Architecture
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,915 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Double Pane Windows
  • Family Room
  • Living Room
  • Bonus Room
  • Workshop
  • Storage

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • Mirrored Closets Doors
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps
  • Accessible Parking

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating and Cooling System
  • Wall Furnace
  • Vented Exhaust Fan
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Separate Outdoor Workshop
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 4 / 11
  • Tax Tract Number 535
  • Assessor Parcel Number 5357014007

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $66,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,761

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.70
  • Other Phone Description: 6264560555
  • Price Per Unit: 549944
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: ALRPD
  • Architectural Style: Craftsman, Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5357014007
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Laminate Counters, Open Floorplan, Storage
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Accessibility Features: No Interior Steps, Parking
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Levels: One
  • Price Per Square Foot: 527.42
  • Room Type: All Bedrooms Down, Bonus Room, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Workshop
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Other Structures: Workshop
  • Fence: Yes
  • Fencing: Block, Brick, Fair Condition, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Concrete, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Driveway Level, Garage, Garage - Two Door, Gated, Private, Public, RV Access/Parking
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Refrigerator, Vented Exhaust Fan
  • Electric: Electricity - On Property, Standard
  • Heating Type: Central, Forced Air, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 6500-9999, Rectangular Lot, Near Public Transit, Yard
  • Lot Size Sq Ft: 8079.00
  • Lot Size Acres: 0.1855

Multi Family

  • Average2 Bed Area: 677 Square Feet
  • Average3 Bed Area: 1238 Square Feet
  • Gross Scheduled Income: 66000.00
  • Gross Spendable Income: 52100.00
  • Lot Size Area: 8079.0000 Square Feet
  • Net Operating Income: 66000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Rent Control: No

Tax Info

  • Tax Block: 11
  • Tax Lot: 4
  • Tax Tract: 1
  • Tax Tract Number: 535...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2025
Sold by
Cnl Trust and Chang Richard Cheng-Tong
Bought by
Yang Leo S
Current Estimated Value
$1,286,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$649,429
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$529,820

Purchase Details

Listed on
Jan 3, 2023
Closed on
Feb 9, 2023
Sold by
Molina Diatnelba Barbara
Bought by
Cnl Trust
Seller's Agent
Xiaoling Zhang
Pinnacle Real Estate Group
Buyer's Agent
Xiaoling Zhang
Pinnacle Real Estate Group
List Price
$1,099,888
Sold Price
$1,010,000
Premium/Discount to List
-$89,888
-8.17%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.64%
Original Mortgage
$552,000
Interest Rate
6.48%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Yang Leo S $1,298,000 Wfg National Title
Cnl Trust $1,010,000 Stewart Title Of California In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Leo S $650,000
Previous Owner Cnl Trust $552,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2023 02/17/23 Sold $1,010,000 -8.2% $527 / Sq Ft
01/03/2023 01/03/23 For Sale $1,099,888 -- $574 / 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
2024 $12,761 $1,030,200 $824,160 $206,040
2023 $1,962 $109,069 $73,589 $35,480
2022 $1,895 $106,932 $72,147 $34,785
2021 $1,869 $104,836 $70,733 $34,103
2020 $1,860 $103,762 $70,008 $33,754
2019 $1,820 $101,729 $68,636 $33,093
2018 $1,696 $99,736 $67,291 $32,445
2016 $1,572 $95,865 $64,679 $31,186
2015 $1,551 $94,426 $63,708 $30,718
2014 $1,549 $92,578 $62,461 $30,117
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR22258120

California Regional Multiple Listing Service (CRMLS)

APN: 5357-014-007