NOT LISTED FOR SALE

Estimated Value: $1,687,000 - $1,972,000

4 Beds
3 Baths
4,207 Sq Ft
$441/Sq Ft Est. Value

Last Sold November 17, 2022

Last sale price $1,540,000 $366 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $11,713/month

43 Days on Market

Highlights

  • Tennis Courts
  • 1.05 Acre Lot
  • No HOA
  • In Ground Pool
  • Wood Flooring
  • Separate Outdoor Workshop

About This Home

As of November 2022

Located in the heart of San Gabriel Valley in Rosemead, California this expansive estate is situated on over 1-Acre of flat land (45,780+/- square feet), featuring a tennis court, pool, 5-car garage, separate workshop garage as well as a park like open field. The primary structure is a single-story Spanish Mission style home with 4-bedrooms and 3 bathrooms. The square footage of the structures, according to public records, measures just over 4,200 square feet. Although not in pristine condition, the property has been inherited and left vacant for many years. There is significant deferred maintenance, and the building is dilapidated; a Buyer should assume there will need to be extensive renovations, repairs and restoration necessary to bring this property back to its once glorious past. While this asset may serve as an excellent compound with multiple buildings, there are commercial alternatives to consider as well. The property is zoned A-1 Light Agricultural, which is an LA County specific zoning. The property sits just outside of the Rosemead City Borders, therefore most zoning and building related matters will fall under the County of Los Angeles jurisdiction. According to the allowable uses table on the LA County website, there are a vast array of commercial uses either permitted or conditionally permitted including 'Adult Residential Facilities', 'Foster Family Homes', 'Group Homes' and other rehabilitation facilities. The opportunity to convert this once massive home into a community outreach business can be rewarding and profitable. The property needs work, but with the right vision the rewards can be immense.

Last Agent to Sell the Property

Julie Milbrodt

Coldwell Banker Realty License #01276522 Listed on: 08/09/2022

Coldwell Banker Realty

Co-Listed By

Kirk Garabedian

Keller Williams R. E. Services License #01216376

Last Buyer's Agent

Julie Milbrodt

Coldwell Banker Realty License #01276522 Listed on: 08/09/2022

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,401

Year Built

  • Built in 1950

Lot Details

  • 1.05 Acre Lot
  • Stone Wall
  • Chain Link Fence
  • No Sprinklers

Parking

  • 4 Car Garage
  • Parking Available
  • Parking Lot

Home Design

  • Major Repairs Completed
  • Fixer Upper
  • Tile Roof

Interior Spaces

  • 4,207 Sq Ft Home
  • 1-Story Property
  • Sliding Doors
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Tennis Courts
  • Exterior Lighting
  • Separate Outdoor Workshop

Location

  • Urban Location

Utilities

  • Cooling Available
  • Heating Available
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 5279026018

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,401

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: No
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5279026018
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4207.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: Sliding Doors
  • Eating Area: Dining Room
  • Fireplace Features: Family Room, Living Room
  • Levels: One
  • Price Per Square Foot: 366.06
  • Room Type: Family Room, Kitchen, Primary Bedroom, Living Room
  • Bathroom Features: Shower In Tub, Bathtub
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: No
  • Other Structures: Tennis Court Private, Workshop
  • Fence: Yes
  • Fencing: Chain Link, Stone
  • Pool Features: In Ground
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Concrete, On Site, Private, Parking Space
  • Total Parking Spaces: 4.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Refrigerator
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 45780.00
  • Lot Size Acres: 1.0510

Multi Family

  • Lease Considered: No
  • Lot Size Area: 45780.0000 Square Feet

Tax Info

  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2024
Sold by
Kheng Ky Ly
Bought by
Ly Kheng Ky Survivors Trust and Lo
Current Estimated Value
$1,856,443

Purchase Details

Listed on
Aug 9, 2022
Closed on
Sep 26, 2022
Sold by
Gropper 2000 Trust
Bought by
Ky Ly Kheng
Seller's Agent
Julie Milbrodt
Coldwell Banker Realty
Buyer's Agent
Julie Milbrodt
Keller Williams Real Estate Services
List Price
$1,688,000
Sold Price
$1,540,000
Premium/Discount to List
-$148,000
-8.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.43%
Original Mortgage
$970,800
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2022
Sold by
Gropper Craig A
Bought by
Gropper 2000 Trust

Purchase Details

Closed on
Nov 29, 2006
Sold by
Gropper Gene
Bought by
Gropper Gene and Gene Gropper Trust

Purchase Details

Closed on
Oct 13, 1994
Sold by
Schwartz Ana G
Bought by
Schwartz Mark S and Mark S Schwartz Family Trust

Purchase Details

Closed on
Sep 19, 1994
Sold by
Schwartz Mark S and The Mark S Schwartz Family Tru
Bought by
Gropper Gene
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
Ly Kheng Ky Survivors Trust -- None Listed On Document
Ky Ly Kheng $1,540,000 Chicago Title
Gropper 2000 Trust -- Law Offices Of Daniel G Feldin
Gropper Craig A -- Law Offices Of Daniel G Feldin
Gropper Gene -- None Available
Schwartz Mark S -- California Counties Title Co
Gropper Gene -- California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ky Ly Kheng $970,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2022 11/17/22 Sold $1,540,000 -8.8% $366 / Sq Ft
09/21/2022 09/21/22 Pending -- -- --
08/09/2022 08/09/22 For Sale $1,688,000 -- $401 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $19,401 $1,602,216 $1,040,400 $561,816
2024 $19,401 $1,570,800 $1,020,000 $550,800
2023 $19,446 $1,540,000 $1,000,000 $540,000
2022 $10,359 $795,032 $461,541 $333,491
2021 $10,795 $779,444 $452,492 $326,952
2019 $9,623 $756,327 $439,072 $317,255
2018 $9,343 $741,498 $430,463 $311,035
2016 $8,912 $712,707 $413,749 $298,958
2015 $8,363 $702,003 $407,535 $294,468
2014 $8,269 $688,252 $399,552 $288,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-10806

Pasadena-Foothills Association of REALTORS®

APN: 5279-026-018