NOT LISTED FOR SALE

209 N Electric Ave Alhambra, CA 91801

Alhambra Area
9 Beds
7 Baths
4,647 Sq Ft
7,626 Sq Ft Lot

Sale Details

Date Sold: March 4, 2020

Last sale price $1,750,000 $377 Per Sq Ft

21 Days on Market

About This Home

As of March 2020

6-unit apartment complex for sale in a prime location of North Alhambra. Just one block away from South Pasadena and within walking distance to Main Street, shops, restaurants, and Alhambra Park. The property offers an attached single-story 3bed/2ba unit in front, ideal for an owner-user. All other units offer a spacious open floor plan with a large kitchen. Plenty of parking in the rear of the property. First time on the market in over 25 years! (One vacant unit can be shown at anytime)

Last Agent to Sell the Property

John Man

Man Investment Group License #01388408 Listed on: 01/28/2020

Co-Listed By

Morgan Kwong

MANREALTY.COM License #01799887

Last Buyer's Agent

THOMAS ZHAO

Pinnacle Real Estate Group License #01870645

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,626 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • Apartment
  • Planned Development

Interior Spaces

  • 4,647 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 11 / E
  • Assessor Parcel Number 5338006011

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $97,560
  • Net Operating Income $70,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

7,626 Sq Ft Lot

Parking

6

Listing Details

  • Property Attached: Yes
  • Zoning: ALRPD*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5338006011
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 376.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7626.00
  • Lot Size Acres: 0.1751

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 97560.00
  • Gross Scheduled Income: 99840.00
  • Lot Size Area: 7626.0000 Square Feet
  • Net Operating Income: 70440.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 29400.00
  • Rent Control: No
  • Total Actual Rent: 8130.00

Tax Info

  • Tax Block: E
  • Tax Census Tract: 4803.03
  • Tax Lot: 11

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2020
Closed on
Feb 28, 2020
Sold by
Bought by
Seller's Agent
John Man
Man Investment Group
Buyer's Agent
THOMAS ZHAO
Pinnacle Real Estate Group
List Price
$1,800,000
Sold Price
$1,750,000
Premium/Discount to List
-$50,000
-2.78%

Purchase Details

Closed on
May 23, 1996
Sold by
Bought by

Purchase Details

Closed on
Oct 12, 1994
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,750,000 First American Title Company
-- --
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/04/2020 03/04/20 Sold $1,750,000 0.0% $377 / Sq Ft
02/19/2020 02/19/20 Off Market $1,750,000 -- --
02/18/2020 02/18/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $1,800,000 -- $387 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $24,683 $1,913,875 $1,339,713 $574,162
2024 $23,996 $1,876,349 $1,313,445 $562,904
2023 $23,809 $1,839,559 $1,287,692 $551,867
2022 $22,695 $1,803,491 $1,262,444 $541,047
2021 $22,462 $1,768,130 $1,237,691 $530,439
2020 $7,840 $488,749 $173,895 $314,854
2019 $7,649 $479,172 $170,486 $308,686
2018 $7,568 $469,783 $167,144 $302,639
2016 $6,978 $451,273 $160,654 $290,619
2015 $6,888 $444,495 $158,241 $286,254
2014 $6,846 $435,789 $155,142 $280,647
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20015313

California Regional Multiple Listing Service (CRMLS)
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