NOT LISTED FOR SALE

Estimated Value: $1,094,000 - $1,438,471

1 Bed
1 Bath
2,223 Sq Ft
$588/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $752,000 $338 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $8,206/month

15 Days on Market

About This Home

As of July 2014

3 units located in desirable North Alhambra. Well maintained property with rent from 3 units: #215 - 2 bedroom/1 bathroom with 1 car garage and w/d hook ups. Refinished hardwood floors and paint (2013). #213- 1 bedroom/1 bathroom with formal dining room and 1 carport. #217- 1 bedroom/ 1 bathroom with 2 detached car garage, new bamboo wood laminate floors and paint. Double pane windows installed in 2006. Close to shopping, freeways, schools and restaurants. This is a great opportunity for investment or owner occupy. Buyer to cooperate with Sellers 1031 exchange.

Last Agent to Sell the Property

Judy Woo

MASTERS REALTY License #01261795 Listed on: 06/02/2014

MASTERS REALTY

Last Buyer's Agent

Pearl Khoo

IRN REALTY License #00908574

IRN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,321

Year Built

  • Built in 1940

Lot Details

  • 9,429 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • 1 Carport Space

Home Design

  • 2,223 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 4804
  • Assessor Parcel Number 5321023009

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,250
  • Water Sewer Expense $1,895
  • New Taxes Expense $9,112
  • Gross Income $3,485
  • Net Operating Income $29,563

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,321

Year Built

Built in 1940

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1895.00
  • Property Type: Residential Income
  • Parcel Number: 5321023009
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 338.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9429.00
  • Lot Size Acres: 0.2160

Multi Family

  • Gross Income: 3485.00
  • Gross Scheduled Income: 41820.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 9429.0000 Square Feet
  • Net Operating Income: 29563.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 12257.00
  • Rent Control: No
  • Total Actual Rent: 3485.00

Tax Info

  • New Taxes Expense: 9112.00
  • Tax Lot: 7
  • Tax Tract Number: 4804
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2014
Closed on
Jun 18, 2014
Sold by
Mo Johnny K
Bought by
Khoo Pearl and The Pearl Khoo Family Trust
Seller's Agent
Judy Woo
MASTERS REALTY
Buyer's Agent
Pearl Khoo
IRN REALTY
List Price
$729,000
Sold Price
$752,000
Premium/Discount to List
$23,000
3.16%
Current Estimated Value
$1,326,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$574,690
Avg. Annual Appreciation
5.14%

Purchase Details

Closed on
Dec 4, 2013
Sold by
Yee Arthur D
Bought by
Yee Arthur D and Yee Karen Y

Purchase Details

Closed on
Jul 3, 2012
Sold by
Mo Johnny K
Bought by
Mo Johnny K and Mo Janice K

Purchase Details

Closed on
Sep 27, 2001
Sold by
Chen Martha Su
Bought by
Mo Johnny K and Mo Janice K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
6.87%

Purchase Details

Closed on
May 6, 1997
Sold by
Gee Rebecca
Bought by
Chen Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 1997
Sold by
Chen Martha S
Bought by
Chen Martha Su and Chen Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage
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
Khoo Pearl $752,000 Fidelity
Yee Arthur D -- None Available
Mo Johnny K -- None Available
Mo Johnny K $336,000 First Southwestern Title Co
Chen Henry -- Old Republic Title Company
Chen Martha Su -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khoo Pearl $380,000
Previous Owner Mo Johnny K $226,000
Previous Owner Mo Johnny K $260,000
Previous Owner Mo Johnny K $213,500
Previous Owner Chen Henry $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2014 07/31/14 Sold $752,000 +3.2% $338 / Sq Ft
06/17/2014 06/17/14 Pending -- -- --
06/02/2014 06/02/14 For Sale $729,000 -- $328 / 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 $11,321 $903,779 $645,388 $258,391
2024 $11,321 $886,059 $632,734 $253,325
2023 $11,238 $868,686 $620,328 $248,358
2022 $10,711 $851,654 $608,165 $243,489
2021 $10,601 $834,956 $596,241 $238,715
2019 $10,235 $810,193 $578,557 $231,636
2018 $10,219 $794,308 $567,213 $227,095
2016 $9,410 $763,467 $545,189 $218,278
2015 $9,271 $752,000 $537,000 $215,000
2014 $5,432 $405,510 $290,426 $115,084
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14116365

California Regional Multiple Listing Service (CRMLS)

APN: 5321-023-009