NOT LISTED FOR SALE

1850 Garvey Ave Alhambra, CA 91803

Estimated Value: $966,000 - $1,116,000

3 Beds
3 Baths
1,944 Sq Ft
7,924 Sq Ft Lot

Last Sold October 07, 2021

Last sale price $960,000 $494 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,600/month

58 Days on Market

Highlights

  • End Unit
  • No HOA
  • Laundry Room
  • Monterey Highlands Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of October 2021

Incredible 3-unit property perfect for investors who are looking for outstanding rental income! This property features 1 bedroom, 1 bathroom for each unit and with a comfortable floor plan. Upgrades include newer dual-paned windows, newer electrical panels and wiring, newer roofing in residential and garage units, newer copper plumbing system, and newer garage doors. All units had been fumigated about 10 years ago. All 3 kitchens were remodeled approximately 5-10 years ago. Unit 1850 features a faux fireplace, has been updated with new carpet and linoleum flooring and is assigned a 1-car garage and 1 parking spaces. Unit 1852 also features a faux fireplace, renovated bathroom, newly installed laminate wood flooring, and new linoleum flooring in its kitchen. Unit 1854 is assigned 3 of the 4 total single-car garage spaces as well as 2 additional parking spaces on the lot. All units share a spacious backyard that is accessed through their private back doors. Fresh exterior paint and new layer of drive-way. This property’s location is ideally located near CSULA and other schools, supermarkets, shopping plazas, AMC Times Square, Parks, gyms, and restaurants, while providing easy access to the I-10 and 710 freeways for easy commute.

Last Agent to Sell the Property

Sharon Liu

Re/Max Premier Prop Arcadia License #01720175 Listed on: 07/14/2021

Re/Max Premier Prop Arcadia

Last Buyer's Agent

Teeraya Singhakham

Pinnacle Real Estate Group License #02100086

Pinnacle Real Estate Group

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1941

Lot Details

  • No Common Walls
  • End Unit
  • Front Yard

Parking

  • 4 Car Garage

Interior Spaces

  • 1,944 Sq Ft Home
  • Living Room with Fireplace
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Not Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 116
  • Tax Tract Number 4819
  • Assessor Parcel Number 5254011015

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,700
  • Water Sewer Expense $1,800
  • New Taxes Expense $11,812
  • Operating Expense $16,512
  • Gross Income $49,200
  • Net Operating Income $32,685

Property Details

Home Type

Condominium

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5254011015
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: End Unit, No Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 493.83
  • Room Type: Kitchen

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Not Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7925.00
  • Lot Size Acres: 0.1819

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 49200.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 7925.0000 Square Feet
  • Net Operating Income: 32685.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 16512.00
  • Rent Control: No
  • Total Expenses: 16512.00

Tax Info

  • New Taxes Expense: 11812.00
  • Tax Lot: 116
  • Tax Tract Number: 4819

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2025
Sold by
Cheung Henry Kong Hoi and Singhakham Teeraya
Bought by
Cheung Family Revocable Trust and Cheung
Current Estimated Value
$1,061,224

Purchase Details

Listed on
Jul 14, 2021
Closed on
Oct 1, 2021
Sold by
Moody Paul Scott
Bought by
Cheung Erica and Cheung Henry K
Seller's Agent
Sharon Liu
Re/Max Premier Prop Arcadia
Buyer's Agent
Teeraya Singhakham
Pinnacle Real Estate Group
List Price
$948,000
Sold Price
$960,000
Premium/Discount to List
$12,000
1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.34%
Original Mortgage
$510,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 14, 2021
Closed on
Sep 29, 2021
Sold by
Singhakham Teeraya
Bought by
Cheung Henry K
Seller's Agent
Sharon Liu
Re/Max Premier Prop Arcadia
Buyer's Agent
Teeraya Singhakham
Pinnacle Real Estate Group
List Price
$948,000
Sold Price
$960,000
Premium/Discount to List
$12,000
1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 1998
Sold by
Cunningham Patrick J
Bought by
Moody Paul Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,915
Interest Rate
6.78%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Cheung Family Revocable Trust -- None Listed On Document
Cheung Erica $960,000 New Title Company Name
Cheung Henry K -- New Title Company Name
Cheung Erica -- New Title Company Name
Moody Paul Scott $187,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheung Erica $510,000
Previous Owner Moody Paul Scott $177,915
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2021 10/07/21 Sold $960,000 +1.3% $494 / Sq Ft
08/20/2021 08/20/21 For Sale $948,000 -1.3% $488 / Sq Ft
08/06/2021 08/06/21 Off Market $960,000 -- --
08/06/2021 08/06/21 For Sale $948,000 -1.3% $488 / Sq Ft
07/20/2021 07/20/21 Off Market $960,000 -- --
07/14/2021 07/14/21 For Sale $948,000 -- $488 / 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 $12,952 $1,018,758 $611,255 $407,503
2024 $12,620 $998,783 $599,270 $399,513
2023 $12,510 $979,200 $587,520 $391,680
2022 $11,917 $960,000 $576,000 $384,000
2021 $4,039 $270,814 $154,958 $115,856
2019 $3,916 $262,784 $150,363 $112,421
2018 $3,811 $257,632 $147,415 $110,217
2016 $3,526 $247,630 $141,692 $105,938
2015 $3,478 $243,911 $139,564 $104,347
2014 $3,454 $239,134 $136,831 $102,303
Source: Public Records

Agents Affiliated with this Home

  • Sharon Liu

    Seller's Agent in 2021

    Sharon Liu

    RE/MAX

    (626) 758-0937

    244 Total Sales

    Sharon Liu
    Section Image

  • T

    Buyer's Agent in 2021

    Teeraya Singhakham

    Pinnacle Real Estate Group

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21148234

California Regional Multiple Listing Service (CRMLS)

APN: 5254-011-015

California Los Angeles County Alhambra 91803

1850 Garvey Ave, Alhambra, CA

Not Listed for Sale

Condos

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