NOT LISTED FOR SALE

1841 S 8th St Alhambra, CA 91803

Estimated Value: $1,136,000 - $1,385,000

5 Beds
4 Baths
2,450 Sq Ft
$503/Sq Ft Est. Value

Last Sold June 22, 2018

Last sale price $852,000 $348 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $7,710/month

27 Days on Market

Highlights

  • Dual Staircase
  • Mountain View
  • Wood Flooring
  • Ramona Elementary School Rated A-
  • Property is near public transit
  • Main Floor Bedroom

About This Home

As of June 2018

Investor’s Delight! Beautiful Spanish-style 2-story Duplex which contains over 4 beds & 3 baths and boasts approx 2,450 SF. Conveniently located in the heart of Alhambra, just few minutes walk from Atlantic Times Square! This income-generating property is 100% fully occupied. Large Lot 8,582 SF (50' x 170'). Property features newer wood flooring on 2nd floor, original parquet flooring on 1st floor, dual-pane windows, spacious kitchens and living rooms. Appreciate the original charm & character within the antique wooden door frames, classic built-in partition door, antique cabinetry, and various design. Partial Mtn Views facing East atop the upstairs balcony. Moreover, this Duplex has separate addresses, utility meters, large covered patio in rear, community coin-op laundry and a spacious backyard featuring a lush garden w/ auto-sprinklers & plenty of mature fruit trees (Peach, Guava, Long-An, Lemon, Jujube, Sugar apple & Apple trees). Property could use some nice TLC to modernize to its fullest potential. Property includes a detached garage, uncovered 3-car parking spaces, rear alley access, and a fully fenced yard great for security and privacy. Close proximity to Valley blvd and all the tasty restaurants, hotels, cultural shopping, public transportation & quick access to 10 fwy. This incredible R-2 Duplex possesses huge potential and consistent rental return. Excellent curb appeal, and priced low for quick sale!

Last Agent to Sell the Property

Kelvin Chang

Coldwell Banker Dynasty T.C. License #01492062 Listed on: 03/31/2018

Coldwell Banker Dynasty T.C.

Co-Listed By

Grace Ho

Coldwell Banker Dynasty T.C. License #01267019

Last Buyer's Agent

Kelvin Chang

Coldwell Banker Dynasty T.C. License #01492062 Listed on: 03/31/2018

Coldwell Banker Dynasty T.C.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,875

Year Built

  • Built in 1923

Lot Details

  • 8,582 Sq Ft Lot
  • Lot Dimensions are 50' x 170'
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Fence is in good condition
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Private Yard
  • Garden
  • Back and Front Yard

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Duplex
  • Spanish Architecture
  • Fire Rated Drywall
  • Frame Construction
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 2,450 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Built-In Features
  • Double Pane Windows
  • Drapes & Rods
  • Blinds
  • Window Screens
  • Panel Doors
  • Entryway
  • Family Room
  • Living Room
  • Storage
  • Fire and Smoke Detector
  • Basement

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water
  • Tax Lot 134
  • Tax Tract Number 4704
  • Assessor Parcel Number 5357020024

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Cable TV Expense $1,940
  • Electric Expense $872
  • Fuel Expense $331
  • Gardener Expense $600
  • Insurance Expense $908
  • Maintenance Expense $450
  • Trash Expense $500
  • Water Sewer Expense $1,100
  • New Taxes Expense $7,005
  • Operating Expense $6,701
  • Gross Income $43,560
  • Net Operating Income $29,254

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,875

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 3.62
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel, Paved
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1100.00
  • Zoning: ALRPD*
  • Architectural Style: Spanish
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5357020024
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Staircases, Balcony, Built-in Features, Granite Counters, Living Room Balcony, Pantry, Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: Two
  • Price Per Square Foot: 347.76
  • Room Type: Basement, Entry, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Window Features: Blinds, Double Pane Windows, Drapes, Screens

Exterior Features

  • View: Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Good Condition, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Parking Features: Assigned, Street
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Cooktop, Range Hood, Water Heater
  • Laundry Features: Common Area, Community, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Sprinkler System, Sprinklers In Front, Yard
  • Lot Size: 50' x 170'
  • Lot Size Sq Ft: 8582.00

Rental Info

  • Garage Rental Rate: 950.00
  • Tenant Pays: Cable TV, Electricity, Other, Water

Multi Family

  • Cable TV Expense: 1940.00
  • Electric Expense: 872.00
  • Fuel Expense: 331.00
  • Gross Income: 43560.00
  • Gross Operating Income: 43560.00
  • Gross Scheduled Income: 42960.00
  • Insurance Expense: 908.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 600.00
  • Maintenance Expense: 450.00
  • Net Operating Income: 29254.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 13706.00
  • Rent Control: No
  • Total Actual Rent: 3580.00
  • Total Expenses: 6701.00

Tax Info

  • New Taxes Expense: 7005.00
  • Tax Census Tract: 4816.05
  • Tax Lot: 134
  • Tax Tract Number: 4704

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2018
Closed on
May 14, 2018
Sold by
Wang Wihsi
Bought by
Wong Sandy
Seller's Agent
Kelvin Chang
Coldwell Banker Dynasty T.C.
Buyer's Agent
Kelvin Chang
Coldwell Banker Dynasty T.C.
List Price
$825,000
Sold Price
$852,000
Premium/Discount to List
$27,000
3.27%
Current Estimated Value
$1,233,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$381,212
Avg. Annual Appreciation
4.92%

Purchase Details

Closed on
Jul 9, 2008
Sold by
Bank Of America Na
Bought by
Wang Wihsi and Wang Lifeng

Purchase Details

Closed on
Mar 17, 2008
Sold by
Jeng Guey Shen
Bought by
Bank Of America Na

Purchase Details

Closed on
Dec 26, 2006
Sold by
Jeng Guey Lin
Bought by
Jeng Guey Shen and Jeng Megan Chia Yu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,900
Interest Rate
6.12%

Purchase Details

Closed on
Jan 26, 2006
Sold by
Jeng Guey Lin
Bought by
Jeng Guey Lin and Jeng Tsai Yen Lin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 30, 2005
Sold by
Jeng Tsai Yun Lin
Bought by
Jeng Guey Lin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 31, 2005
Sold by
Kwan Amy
Bought by
Jeng Guey Lin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 2, 2002
Sold by
Kwan Kitty
Bought by
Kwan Amy

Purchase Details

Closed on
Mar 17, 1999
Sold by
Kwan Amy
Bought by
Kwan Amy and Kwan Kitty

Purchase Details

Closed on
May 29, 1998
Sold by
Nevieus William J
Bought by
Kwan Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Wong Sandy $852,000 First American Title Company
Wang Wihsi $525,000 Lsi Title Company
Bank Of America Na $633,373 Servicelink
Jeng Guey Shen $780,000 Multiple
Jeng Megan Chia Yu -- Multiple
Jeng Guey Lin -- None Available
Jeng Guey Lin -- First American Title Company
Jeng Guey Lin $636,000 Fatcola
Kwan Amy -- --
Kwan Amy -- --
Kwan Amy $176,000 Commonwealth Land Title
Nevieus William J -- Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jeng Megan Chia Yu $116,900
Previous Owner Jeng Guey Shen $585,000
Previous Owner Jeng Guey Lin $126,000
Previous Owner Jeng Guey Lin $125,000
Previous Owner Jeng Guey Lin $381,600
Previous Owner Kwan Amy $110,000
Previous Owner Kwan Amy $114,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2018 06/22/18 Sold $852,000 +3.3% $348 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
04/13/2018 04/13/18 For Sale $825,000 0.0% $337 / Sq Ft
04/05/2018 04/05/18 Pending -- -- --
03/31/2018 03/31/18 For Sale $825,000 -- $337 / 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
2025 $11,875 $969,426 $630,354 $339,072
2024 $11,875 $950,419 $617,995 $332,424
2023 $11,733 $931,784 $605,878 $325,906
2022 $11,167 $913,515 $593,999 $319,516
2021 $11,045 $895,603 $582,352 $313,251
2020 $11,082 $886,420 $576,381 $310,039
2019 $10,608 $869,040 $565,080 $303,960
2018 $7,622 $594,173 $384,800 $209,373
2016 $7,006 $571,102 $369,858 $201,244
2015 $6,902 $562,525 $364,303 $198,222
2014 $6,819 $551,507 $357,167 $194,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18072951

California Regional Multiple Listing Service (CRMLS)

APN: 5357-020-024