NOT LISTED FOR SALE

208 E Bay State St Alhambra, CA 91801

Downtown Alhambra Neighborhood
14 Beds
10 Baths
9,376 Sq Ft
0.28 Acres

Last Sold September 27, 2012

Last sale price $2,250,000 $240 Per Sq Ft

18 Days on Market

About This Home

As of September 2012

The property is located in one of the best areas of Alhambra. The building was built in 1961. Lot size 12,332. Property comprised of 2 bachelor/studio units, 3 one bedroom units and 7 two bedroom units. All units are very large. The front unit is the largest and can be owner occupied. It offers a spacious living room, family room, dining area, private patio and front yard. All units are updated; each has its own carport and large storage. On site laundry room, close to downtown Alhambra, entertainment cent, restaurants, markets and high school, new library and Alhambra civic center. It is also close to the 210, 10 & 60 freeways and downtown Los Angeles (L.A.) A great investment, income and location. easy to rent. No rent control.

Last Agent to Sell the Property

Minoy Lee

Coldwell Banker Realty License #01004540 Listed on: 08/16/2012

Coldwell Banker Realty

Last Buyer's Agent

Angela Chang

Coldwell Banker George Realty License #00845438

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.28 Acre Lot

Home Design

  • 9,376 Sq Ft Home

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Parking

  • 12 Parking Spaces
  • 12 Carport Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 1158
  • Assessor Parcel Number 5345006009

Community Details

Overview

  • 12 Units

Building Details

  • 12 Leased Units
  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,004
  • Insurance Expense $4,424
  • Maintenance Expense $7,742
  • Other Expense $1,440
  • Professional Management Expense $3,600
  • Trash Expense $1,701
  • Water Sewer Expense $2,352
  • New Taxes Expense $25,000
  • Gross Income $13,030
  • Net Operating Income $99,138

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • CapRate: 4.50
  • Professional Management Expense: 3600.00
  • Water Sewer Expenses: 2352.00
  • Property Type: Residential Income
  • Parcel Number: 5345006009
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 239.97

Garage/Parking

  • Carport Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Trash Expense: 1701.00

Lot Info

  • Lot Size Sq Ft: 12339.00
  • Lot Size Acres: 0.2830

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1004.00
  • Gross Income: 13030.00
  • Gross Scheduled Income: 156360.00
  • Insurance Expense: 4424.00
  • Lot Size Area: 12339.0000 Square Feet
  • Maintenance Expense: 7742.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 99138.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number With Carpet: 12
  • Number With Disposal: 12
  • Number With Range: 12
  • Operating Expense: 49404.00
  • Other Expense: 1440.00
  • Other Expense Description: multi
  • Rent Control: No
  • Total Actual Rent: 12905.00

Tax Info

  • New Taxes Expense: 25000.00
  • Tax Lot: 9
  • Tax Tract Number: 1158
  • Tax Year: 2011

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2012 09/27/12 Sold $2,250,000 +2.3% $240 / Sq Ft
09/03/2012 09/03/12 Pending -- -- --
08/16/2012 08/16/12 For Sale $2,200,000 -- $235 / 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 $35,394 $2,770,704 $1,662,425 $1,108,279
2024 $35,394 $2,716,378 $1,629,829 $1,086,549
2023 $35,274 $2,663,117 $1,597,872 $1,065,245
2022 $33,659 $2,610,900 $1,566,542 $1,044,358
2021 $33,302 $2,559,707 $1,535,826 $1,023,881
2019 $32,175 $2,484,506 $1,490,273 $994,233
2018 $32,263 $2,435,805 $1,461,052 $974,753
2016 $29,688 $2,340,529 $1,404,318 $936,211
2015 $29,256 $2,305,373 $1,383,224 $922,149
2014 $28,927 $2,260,215 $1,356,129 $904,086
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Minoy Lee

    Coldwell Banker Realty

    (626) 445-5500

    8 Total Sales

    Minoy Lee
    Section Image

  • A

    Buyer's Agent in 2012

    Angela Chang

    Coldwell Banker George Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A12102956

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Alhambra 91801 Downtown Alhambra

208 E Bay State St, Alhambra, CA

Not Listed for Sale

MultiFamily

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