NOT LISTED FOR SALE

2108 S Meridian Ave Alhambra, CA 91803

Estimated Value: $1,368,000 - $1,551,000

5 Beds
3 Baths
2,760 Sq Ft
$534/Sq Ft Est. Value

Last Sold August 29, 2024

Last sale price $1,495,000 $542 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,611/month

7 Days on Market

Highlights

  • Courtyard Views
  • Cooling System Mounted To A Wall/Window
  • Chain Link Fence
  • Alhambra High School Rated A
  • Laundry Room
  • Level Lot

About This Home

As of August 2024

Check Out this AMAZING Income Property in Alhambra! 3 units on a seldom found large 13,260 square foot lot located in one of Alhambra's best locations. Great rental area, 10 minutes from downtown L.A., walk to Cal State University and short drive to Main St. Pride of ownership neighborhood with some very nice income properties up and down this street and adjacent streets. This property offers many possibilities for your buyers. Plenty of parking is available with alley access from the rear leading to 2 double garages and plenty of additional parking spaces. Unique opportunities with this lot size and alley access for possible additions, ADUs etc. Buyers to check with City of Alhambra. 3 Bedroom unit has one bedroom that can closed off from rest of the house and features it's own bath, laundry services and kitchenette. 3 Bedroom also has private yard and parking. Two bedroom units each have their own laundry. For buyers looking to owner occupy and make this a compound for love ones this is ideal.

Last Agent to Sell the Property

Thomas Georgino

THOMAS GEORGINO REAL ESTATE Brokerage Phone: 626-287-9605 License #00620392 Listed on: 07/19/2024

Last Buyer's Agent

Ken Huynh

RE/MAX CHAMPIONS License #01731599

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,189

Year Built

  • Built in 1953

Lot Details

  • 0.3 Acre Lot
  • 1 Common Wall
  • Chain Link Fence
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 2,760 Sq Ft Home
  • 1-Story Property
  • Courtyard Views
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 74
  • Tax Tract Number 481901
  • Assessor Parcel Number 5352024007
  • $11,400 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $1,440
  • Insurance Expense $2,549
  • Trash Expense $520
  • Water Sewer Expense $2,100
  • New Taxes Expense $11,572
  • Operating Expense $18,181
  • Gross Income $53,520
  • Net Operating Income $35,339

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,189

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Other Phone Description: office
  • Other Phone Number: 626-287-9605
  • Price Per Unit: 498333
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 2100.00
  • Zoning: ALRPD*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 5352024007
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: street
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 541.67
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Courtyard
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 520.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13263.00
  • Lot Size Acres: 0.3045

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Average3 Bed Area: 1060 Square Feet
  • Gross Income: 53520.00
  • Gross Scheduled Income: 53520.00
  • Insurance Expense: 2549.00
  • Lot Size Area: 13263.0000 Square Feet
  • Net Operating Income: 35339.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Patio: 1
  • Operating Expense: 18181.00
  • Rent Control: Yes
  • Total Expenses: 18181.00

Tax Info

  • New Taxes Expense: 11572.00
  • Tax Census Tract: 4819.01
  • Tax Lot: 74
  • Tax Tract Number: 481901
  • TaxOtherAnnualAssessmentAmount: 11400.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2024
Closed on
Aug 15, 2024
Sold by
Hipshman Sandra M
Bought by
Zhang Xiaoging
Seller's Agent
Thomas Georgino
THOMAS GEORGINO REAL ESTATE
Buyer's Agent
Ken Huynh
RE/MAX CHAMPIONS
List Price
$1,495,000
Sold Price
$1,495,000
Views
9
Current Estimated Value
$1,472,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,415
Avg. Annual Appreciation
-1.44%

Purchase Details

Closed on
Jun 14, 2024
Sold by
Sifuentes Ruben P and Hipshman Sandra
Bought by
Hipshman Sandra M

Purchase Details

Closed on
Feb 12, 2014
Sold by
Sifuentes Ruben P and Hipshman Sandra M
Bought by
Sifuentes Ruben P and Hipshman Sandra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2008
Sold by
Sifuentes Ruben P and Sifuentes Family Trust
Bought by
Sifuentes Ruben P and Hipsman Sandra M
Source: Public Records

Range of Values:

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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
Zhang Xiaoging $1,495,000 Western Resources Title
Hipshman Sandra M -- None Listed On Document
Sifuentes Ruben P -- Pacific Coast Title Company
Sifuentes Ruben P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sifuentes Ruben P $280,000
Previous Owner Sifuentes Ruben P $120,000
Previous Owner Sifuentes Emma T $67,000
Previous Owner Sifuentes Emma T $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2024 08/29/24 Sold $1,495,000 0.0% $542 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
07/19/2024 07/19/24 For Sale $1,495,000 -- $542 / 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 $9,189 $1,495,000 $897,000 $598,000
2024 $9,189 $693,752 $476,017 $217,735
2023 $2,395 $110,349 $58,408 $51,941
2022 $2,326 $108,186 $57,263 $50,923
2021 $2,292 $106,066 $56,141 $49,925
2020 $2,281 $104,980 $55,566 $49,414
2019 $2,238 $102,923 $54,477 $48,446
2018 $2,054 $100,906 $53,409 $47,497
2016 $1,908 $96,989 $51,336 $45,653
2015 $1,886 $95,533 $50,565 $44,968
2014 $1,890 $93,663 $49,575 $44,088
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Thomas Georgino

    THOMAS GEORGINO REAL ESTATE

    (818) 952-5433

    15 Total Sales

    Thomas Georgino
    Section Image
  • Ken Huynh

    Buyer's Agent in 2024

    Ken Huynh

    RE/MAX

    (626) 233-2808

    74 Total Sales

    Ken Huynh
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24148748

California Regional Multiple Listing Service (CRMLS)

APN: 5352-024-007

California Los Angeles County Alhambra 91803

2108 S Meridian Ave, Alhambra, CA

This home is located at 2108 S Meridian Ave, Alhambra, CA 91803 since 19 July 2024 and is currently estimated at $1,472,585, approximately $533 per square foot. This property was built in 1953. 2108 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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