NOT LISTED FOR SALE

17700 Alburtis Ave Artesia, CA 90701

Estimated Value: $1,319,000 - $1,684,007

5 Beds
5 Baths
3,111 Sq Ft
$476/Sq Ft Est. Value

Last Sold February 25, 2014

Last sale price $846,000 $272 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $10,450/month

25 Days on Market

Highlights

  • 6 Car Attached Garage
  • Burbank (Luther) Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of February 2014

Great for Investment . Property consists of 3 Units and all occupied. Main (Biggest unit) unit was newly built around 7 years ago and remaining 2 units was completely remodeled. 1st Unit : 3 Big Bedrooms, 2.5 Bathrooms, big balcony and 3 covered parking, hardwood floors through out unit and carpet for bedrooms. 2nd Unit: 2 Bedrooms, 1 Bathroom and 2 covered parking space. 3rd Unit: 2 Bedrooms, 1 Bathroom and 1 covered parking space. All units have own laundry, copper plumbing public records show 5 bedrooms, but property consists of 7 bedrooms. Check with city. Great opportunity for investment. Walking distance to Macy's, Nordstrom, Target, Cerritos Mall, and etc...

Last Agent to Sell the Property

Vincent Kim

Real Broker License #01464712 Listed on: 01/02/2014

Last Buyer's Agent

Joanne Hwang

License #01012340

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,596

Year Built

  • Built in 1949

Lot Details

  • 7,224 Sq Ft Lot

Parking

  • 6 Car Attached Garage

Interior Spaces

  • 3,111 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 7035-019-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,596

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3111
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 272.90

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Attached, Covered Parking
  • Total Parking: 6

Utilities

  • Cooling: Central, Wall Unit(s)
  • Electric Expense: 2526.00
  • Heating: Central, Wall
  • Water Expense: 2526.00

Fee Information

  • Insurance Expense: 921.00

Lot Info

  • Assessed Improvement Value: 271663
  • Assessed Land Value: 136963
  • Assessor Parcel Number: 7035-019-029
  • Geocode Override: No
  • Lot Size Area: 7224

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.70
  • Number Of Units: 3
  • Total Annual Expense: 12579
  • Type Of Units: Income
  • Vacancy Rate: 0%

Tax Info

  • Tax Expense: 5799.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2014
Sold by
Lee Sun Im
Bought by
Lee Sun Im and Sun Im Lee Living Trust
Current Estimated Value
$1,725,208

Purchase Details

Listed on
Jan 2, 2014
Closed on
Feb 18, 2014
Sold by
Lee Thomas D and Lee Chai O
Bought by
Lee Sun Im
Seller's Agent
Vincent Kim
Real Broker
Buyer's Agent
Joanne Hwang
List Price
$849,000
Sold Price
$846,000
Premium/Discount to List
-$3,000
-0.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.99%
Original Mortgage
$146,000
Outstanding Balance
$114,665
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,366,337

Purchase Details

Closed on
Jul 8, 2003
Sold by
Martin John C
Bought by
Lee Thomas D and Lee Chai O
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
Lee Sun Im -- None Available
Lee Sun Im $846,000 Fidelity National Title
Lee Thomas D $210,000 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Sun Im $146,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2014 02/25/14 Sold $846,000 -0.4% $272 / Sq Ft
01/27/2014 01/27/14 Pending -- -- --
01/02/2014 01/02/14 For Sale $849,000 -- $273 / Sq Ft
Source: The MLS

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 $12,596 $1,037,067 $342,009 $695,058
2024 $12,596 $1,016,733 $335,303 $681,430
2023 $12,187 $996,798 $328,729 $668,069
2022 $12,004 $977,254 $322,284 $654,970
2021 $11,719 $958,093 $315,965 $642,128
2020 $11,625 $948,270 $312,726 $635,544
2019 $11,453 $929,678 $306,595 $623,083
2018 $10,611 $911,450 $300,584 $610,866
2016 $10,190 $876,060 $288,913 $587,147
2015 $10,400 $862,902 $284,574 $578,328
2014 $6,137 $418,690 $140,336 $278,354
Source: Public Records

Agents Affiliated with this Home

  • Vincent Kim

    Seller's Agent in 2014

    Vincent Kim

    Real Broker

    (714) 562-9900

    12 Total Sales

    Section Image

  • J

    Buyer's Agent in 2014

    Joanne Hwang

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Map

Source: The MLS

MLS Number: 14-726393

The MLS

APN: 7035-019-029

California Los Angeles County Artesia 90701

17700 Alburtis Ave, Artesia, CA

This home is located at 17700 Alburtis Ave, Artesia, CA 90701 since 02 January 2014 and is currently estimated at $1,481,002, approximately $476 per square foot. This property was built in 1949. 17700 Alburtis Ave is a home located in Los Angeles County with nearby schools including Burbank (Luther) Elementary School, Ross (Faye) Middle School, and Gahr High School.

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