NOT LISTED FOR SALE

2024 S 3rd St Alhambra, CA 91803

Estimated Value: $1,534,000 - $1,804,914

5 Beds
5 Baths
3,803 Sq Ft
$440/Sq Ft Est. Value

Last Sold August 28, 2019

Last sale price $1,343,888 $353 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $10,112/month

30 Days on Market

Highlights

  • High Ceiling
  • No HOA
  • Living Room Balcony
  • Ramona Elementary School Rated A-
  • Walk-In Closet
  • Laundry Room

About This Home

As of August 2019

Great investment opportunity featuring 3 amazing units. The first unit feels like a comfortable 2 story townhome and features 3 bedrooms 2.5 bathrooms estimated at 1700 sq. ft. of living space. With high ceilings, a gas fireplace, a dining room, and a master bedroom with walk-in closet you’d want to live in this unit. The other two units are 2 bedrooms 1.5 bathrooms, estimated at 1000 sq.ft., and were remodeled in 2017-2018. Both units offer updated kitchens, bathrooms, and fresh paint with gas fireplaces in the living rooms. The kitchen and bathrooms feature quartz countertops, tile flooring, new cabinets. The lower unit has a private patio area and the upper unit has a private balcony area. The best part is the functional floorplan of all the units providing privacy. All of your tenants will be happy with the central AC and Heat and parking won’t be a problem with each unit having 2 spaces; 1 car garage and a carport space. The community laundry room is equipped with a coin operated washer and dryer for additional income. The property also has 3 separate electric meters, 4 gas meters (one for the laundry room), and 1 water meter and is conveniently located near the 10 fwy and local shops, with a walk score of 65 and a bike score of 61. This is an investment you should not walk away from.

Last Agent to Sell the Property

Teresa Dang

My Dang Agent License #01510671 Listed on: 06/11/2019

Last Buyer's Agent

Elizabeth Farhat

Betsy Farhat License #01414088

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 7,542 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex
  • Turnkey
  • Shingle Roof

Interior Spaces

  • 3,803 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Gas Fireplace
  • Living Room with Fireplace
  • Living Room Balcony
  • Carpet

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 4816
  • Assessor Parcel Number 5255001005

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $360
  • Gardener Expense $720
  • Insurance Expense $2,382
  • Other Expense $1,000
  • Water Sewer Expense $2,400
  • New Taxes Expense $16,736
  • Operating Expense $23,598
  • Gross Income $52,800
  • Net Operating Income $38,027

Property Details

Home Type

Multi-Family

Year Built

Built in 1977 | Remodeled

Lot Details

7,542 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • Inclusions: Stoves, Washer & Dryer
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: ALRPD*
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5255001005
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: High Ceilings, Living Room Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 353.38
  • Room Type: Master Bathroom, Walk-In Closet

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Cooktop
  • Heating Type: Central
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7542.00
  • Lot Size Acres: 0.1731

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1700 Square Feet
  • Fuel Expense: 360.00
  • Gross Income: 52800.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 2382.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7542.0000 Square Feet
  • Net Operating Income: 38027.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 14473.00
  • Other Expense: 1000.00
  • Other Expense Description: general
  • Rent Control: No
  • Total Actual Rent: 4400.00
  • Total Expenses: 23598.00

Tax Info

  • New Taxes Expense: 16736.00
  • Tax Census Tract: 4816.05
  • Tax Lot: 5
  • Tax Tract Number: 4816

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2019
Closed on
Jul 22, 2019
Sold by
Chu Grace B and Leong Tommy Fookpui
Bought by
Wang Francis T and Wang Lily Lu
Seller's Agent
Teresa Dang
My Dang Agent
Buyer's Agent
Elizabeth Farhat
Betsy Farhat
List Price
$1,338,888
Sold Price
$1,343,888
Premium/Discount to List
$5,000
0.37%
Current Estimated Value
$1,672,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,591
Avg. Annual Appreciation
3.42%

Purchase Details

Closed on
Jul 19, 2012
Sold by
Leong Tommy Fookpui
Bought by
Leong Tommy Fookpui and Leong Sandy Lailai Ng

Purchase Details

Closed on
Jul 22, 2008
Sold by
Chu Grace B
Bought by
Chu Grace B and Grace B Chu Family Trust

Purchase Details

Closed on
Jan 25, 2002
Sold by
Chu Grace B
Bought by
Leong Tommy F and Leong Sandy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.15%

Purchase Details

Closed on
Aug 7, 2000
Sold by
Chu Ronald J
Bought by
Chu Grace B
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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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
Wang Francis T $1,344,000 Orange Coast Title
Leong Tommy Fookpui -- None Available
Chu Grace B -- None Available
Leong Tommy F -- New Century Title Company
Chu Grace B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leong Tommy F $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2019 08/28/19 Sold $1,343,888 +0.4% $353 / Sq Ft
07/11/2019 07/11/19 Pending -- -- --
06/11/2019 06/11/19 For Sale $1,338,888 -- $352 / 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 $17,963 $1,469,857 $846,480 $623,377
2024 $17,963 $1,441,037 $829,883 $611,154
2023 $17,748 $1,412,782 $813,611 $599,171
2022 $16,891 $1,385,081 $797,658 $587,423
2021 $16,711 $1,357,923 $782,018 $575,905
2020 $16,622 $1,344,400 $774,000 $570,400
2019 $7,753 $581,635 $239,330 $342,305
2018 $7,663 $570,239 $234,638 $335,601
2016 $7,046 $547,714 $225,528 $322,186
2015 $6,944 $539,488 $222,141 $317,347
2014 $6,870 $528,921 $217,790 $311,131
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS19136809

California Regional Multiple Listing Service (CRMLS)

APN: 5255-001-005

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