NOT LISTED FOR SALE

Estimated Value: $1,195,926 - $1,420,000

6 Beds
4 Baths
2,666 Sq Ft
$505/Sq Ft Est. Value

Sale Details

Date Sold: November 20, 2020

Last sale price $968,000 $363 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $8,277 / mo

7 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Tile Countertops
  • Park Elementary School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 3-minute walk to Alhambra Park

About This Home

As of November 2020

Rare find quadruplex, 4 individual units with their own yard on a huge lot 9,276 SF, land value with development opportunity. Property needs work, deferred maintenance, fixer upper. Best location in north Alhambra, very wide street with lots of trees, conveniently located to freeway, South Pasadena, Costco, and downtown Alhambra. Great opportunity to live in one and collect rent for the others or build new condos. The property features two units with 2 bedrooms 1 bathroom and two units with 1 bedroom 1 bathroom, 3 single car garages. All long term month to month tenants.

Last Agent to Sell the Property

Amy Wang

High Ten Partners, Inc. License #01349731 Listed on: 10/29/2020

High Ten Partners, Inc.

Last Buyer's Agent

Amy Wang

High Ten Partners, Inc. License #01349731 Listed on: 10/29/2020

High Ten Partners, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1914

Lot Details

  • 9,276 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Block Wall Fence
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Quadruplex
  • Additions or Alterations
  • Fixer Upper
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,666 Sq Ft Home
  • 1-Story Property
  • Tile Countertops
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 12 / 40
  • Tax Tract Number 4808
  • Assessor Parcel Number 5339023013

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $11,456
  • Maintenance Expense $2,754
  • Trash Expense $1,374
  • Water Sewer Expense $1,200
  • New Taxes Expense $13,125
  • Operating Expense $19,599
  • Gross Income $53,544
  • Net Operating Income $35,601

Property Details

Home Type

Multi-Family

Year Built

Built in 1914

Lot Details

9,276 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 3.39
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: ALRPD*
  • Property Condition: Additions/Alterations, Fixer
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5339023013
  • Year Built: 1914
  • Special Features: None

Interior Features

  • Interior Amenities: Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Price Per Square Foot: 363.09

Exterior Features

  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
  • Laundry: Yes
  • Appliances: Water Heater
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1374.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 9276.00
  • Lot Size Acres: 0.2129

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 53544.00
  • Gross Multiplier: 19.02
  • Gross Operating Income: 53544.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 11456.00
  • Lot Size Area: 9276.0000 Square Feet
  • Maintenance Expense: 2754.00
  • Net Operating Income: 35601.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 19599.00
  • Operating Expense Percent: 35.00
  • Rent Control: Yes
  • Total Actual Rent: 3150.00
  • Total Expenses: 19599.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13125.00
  • Tax Block: 40
  • Tax Census Tract: 4808.04
  • Tax Lot: 12
  • Tax Tract Number: 4808

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2020
Closed on
Nov 11, 2020
Sold by
Wang Jennifer
Bought by
Cheng Grand
Seller's Agent
Amy Wang
High Ten Partners, Inc.
Buyer's Agent
Amy Wang
High Ten Partners, Inc.
List Price
$1,050,000
Sold Price
$968,000
Premium/Discount to List
-$82,000
-7.81%
Current Estimated Value
$1,345,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,482
Avg. Annual Appreciation
6.20%

Purchase Details

Listed on
Oct 29, 2020
Closed on
Nov 10, 2020
Sold by
Cheng Evelyn W and Cheng Trust
Bought by
Wong Harry Hang and Wong Xin
Seller's Agent
Amy Wang
High Ten Partners, Inc.
Buyer's Agent
Amy Wang
High Ten Partners, Inc.
List Price
$1,050,000
Sold Price
$968,000
Premium/Discount to List
-$82,000
-7.81%

Purchase Details

Closed on
May 9, 2019
Sold by
Cheng Trust
Bought by
Cheng Trust

Purchase Details

Closed on
Apr 8, 2008
Sold by
Chu Brian
Bought by
Cheng Cynthia Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2008
Sold by
Cheng Lester Alan and Cheng Evelyn W
Bought by
Cheng Lester Alan and Cheng Evelyn W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2005
Sold by
Cheng Lester Alan and Cheng Evelyn W
Bought by
Cheng Lester Alan and Cheng Evelyn W

Purchase Details

Closed on
Nov 1, 2002
Sold by
Hata Dale and Hata Ruth
Bought by
Cheng Lester A and Cheng Evelyn W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Interest Rate
5.12%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cheng Grand -- Pacific Coast Title Company
Wong Harry Hang $968,000 Pacific Coast Title Company
Cheng Trust -- None Available
Cheng Cynthia Lynn -- Accommodation
Cheng Gary -- Accommodation
Cheng Cynthia Lynn -- Southland Title
Cheng Gary -- Southland Title
Cheng Lester Alan -- Accommodation
Cheng Lester Alan -- Southland Title
Cheng Lester Alan -- Accommodation
Cheng Lester A $385,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheng Lester Alan $268,000
Previous Owner Cheng Lester A $288,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2020 11/20/20 Sold $968,000 0.0% $363 / Sq Ft
11/11/2020 11/11/20 Off Market $968,000 -- --
11/05/2020 11/05/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $1,050,000 -- $394 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,129 $1,047,792 $733,887 $313,905
2024 $13,129 $1,027,248 $719,498 $307,750
2023 $13,057 $1,007,107 $705,391 $301,716
2022 $12,449 $987,360 $691,560 $295,800
2021 $12,399 $968,000 $678,000 $290,000
2020 $7,178 $509,847 $304,587 $205,260
2019 $6,982 $499,851 $298,615 $201,236
2018 $6,916 $490,051 $292,760 $197,291
2016 $6,390 $471,024 $281,393 $189,631
2015 $6,300 $463,950 $277,167 $186,783
2014 $6,245 $454,863 $271,738 $183,125
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20227914

California Regional Multiple Listing Service (CRMLS)

APN: 5339-023-013

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