NOT LISTED FOR SALE

2016 S Meridian Ave Alhambra, CA 91803

3 Beds
3 Baths
4,904 Sq Ft
9,336 Sq Ft Lot

Last Sold April 28, 2016

Last sale price $1,725,000 $352 Per Sq Ft

128 Days on Market

Highlights

  • Corner Lot
  • Alhambra High School Rated A
  • Front Yard

About This Home

As of April 2016

Highlights:

Property was reconditioned after the current owner purchased in 2003.

*New Roof
*Upgrade of Water Lines
*New Electrical Including Boxes
*Upgraded Flooring in All Units
*New Windows
*Sand Blasted and New Stucco

The subject property is down the street from Califorina State University, Los Angeles, and within walking distance from Fremont Elementary School, and several business and retail companies.

The subject property is a two story, six-unit, multi-family building constructed in 1931 on a 9,336 square foot lot. The units are spacious and bright, individually metered for gas and electricity, and have their own water heaters. The property has been very carefully maintained making it easy to manage. New roof, stucco, electrical and plumbing in 2003-2005.

This investment is a rare opportunity within a residential setting offered as a long-term investment to a savvy investor that wishes to increase their holdings in an established, high-demand community servicing the greater Los Angeles area with an property in excellent condition.

DO NOT CONTACT TENANTS. DRIVE BY ONLY. INSPECTION BY APPOINTMENT ONLY AFTER ACCEPTED OFFER.

Last Agent to Sell the Property

Mark Sanfilippo

KELLER WILLIAMS COVINA License #01869254 Listed on: 12/01/2015

KELLER WILLIAMS COVINA

Last Buyer's Agent

Duke Trinh

LA VINCI INV. & FINANCIAL License #01705885

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 9,336 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Level Lot
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • 4,904 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 5352
  • Tax Tract Number 23
  • Assessor Parcel Number 5352023009

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,593
  • Professional Management Expense $3,585
  • Water Sewer Expense $4,200
  • New Taxes Expense $19,672
  • Gross Income $92,400
  • Net Operating Income $58,178

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Parking

1

Listing Details

  • Professional Management Expense: 3585.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4200.00
  • Property Type: Residential Income
  • Parcel Number: 5352023009
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 351.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Features: Front Yard, Level, Lot 6500-9999, Corner Lot
  • Lot Size Sq Ft: 9336.00
  • Price Per Lot Square Foot: 184.77
  • Lot Size Acres: 0.2140

Multi Family

  • Gross Income: 92400.00
  • Gross Scheduled Income: 92400.00
  • Insurance Expense: 1593.00
  • Lot Size Area: 9336.0000 Square Feet
  • Net Operating Income: 58178.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 6
  • Operating Expense: 31450.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 19672.00
  • Tax Lot: 5352
  • Tax Tract Number: 023

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

Property History

Date Event Price Change Sq Ft Price
04/28/2016 04/28/16 Sold $1,725,000 -8.6% $352 / Sq Ft
04/07/2016 04/07/16 Pending -- -- --
12/01/2015 12/01/15 For Sale $1,888,000 -- $385 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Sanfilippo

    Seller's Agent in 2016

    Mark Sanfilippo

    KELLER WILLIAMS COVINA

    (909) 660-6050

    3 Total Sales

    Mark Sanfilippo
    Section Image

  • D

    Buyer's Agent in 2016

    Duke Trinh

    LA VINCI INV. & FINANCIAL

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15254937

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Alhambra 91803

2016 S Meridian Ave, Alhambra, CA

This home is located at 2016 S Meridian Ave, Alhambra, CA 91803 since 01 December 2015. This property was built in 1931. 2016 S Meridian Ave is a home located in Los Angeles County with nearby schools including Fremont Elementary School, Alhambra High School, and St. Thomas More Catholic Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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