NOT LISTED FOR SALE

Estimated Value: $1,485,000 - $1,633,131

6 Beds
4 Baths
2,708 Sq Ft
$571/Sq Ft Est. Value

Last Sold August 29, 2014

Last sale price $878,000 $324 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $9,216/month

29 Days on Market

About This Home

As of August 2014

Located in the beautiful city of Alhambra, this 4 unit building in a nice area on a quiet cul-de-sac is close to shops, restaurants and transportation. 2-2 bedroom 1 bath units and 2-1 bedroom 1 bath units. One of the 2 bedroom units has a front yard. The 2nd 2 bedroom unit has a private patio. Both of the 1 bedroom units with balconies are located above the parking spaces. Additional storage located in the back of the property. This property would be a great investment for anyone! The Alhambra Wash is located nearby.

Last Agent to Sell the Property

Amanda Lopez-Weston

Keller Williams Palos Verdes License #01230097 Listed on: 07/03/2014

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,647 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre
  • Land Lease expires 7/3/15

Home Design

  • 2,708 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 4810
  • Assessor Parcel Number 5346010002

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,700
  • Trash Expense $1,800
  • Water Sewer Expense $3,000
  • New Taxes Expense $11,500
  • Gross Income $3,878

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5346010002
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 324.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Land Lease Expiration Date: 2015-07-03
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7647.00
  • Lot Size Acres: 0.1760

Multi Family

  • Gross Income: 3878.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 7647.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11500.00
  • Tax Lot: 7
  • Tax Tract Number: 4810
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2014
Closed on
Aug 26, 2014
Sold by
Lopez Weston Kurt M and Lopez Weston Amanda
Bought by
Altamirano Michael and Rodriguez Wendy
Seller's Agent
Amanda Lopez-Weston
Keller Williams Palos Verdes
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$878,000
Sold Price
$878,000
Current Estimated Value
$1,547,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$669,033
Avg. Annual Appreciation
5.11%
Original Mortgage
$862,097
Outstanding Balance
$659,260
Interest Rate
4.11%
Mortgage Type
FHA
Estimated Equity
$887,773

Purchase Details

Closed on
May 20, 2005
Sold by
Lopez Weston Kurt M and Lopez Weston Amanda
Bought by
Lopez Weston Kurt M and Lopez Weston Amanda

Purchase Details

Closed on
Dec 28, 2002
Sold by
Weston Kurt
Bought by
Lopez Weston Kurt and Lopez Weston Amanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
6.06%

Purchase Details

Closed on
Dec 27, 2002
Sold by
Weston Amanda Lopez
Bought by
Weston Kurt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
6.06%

Purchase Details

Closed on
Dec 8, 1998
Sold by
Weston Kurt
Bought by
Lopez Weston Kurt and Lopez Weston Amanda

Purchase Details

Closed on
Jun 17, 1998
Sold by
Montelongo Amanda Lopez
Bought by
Weston Kurt

Purchase Details

Closed on
Apr 1, 1998
Sold by
Smith Gary K and Smith Laura M
Bought by
Weston Kurt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
6.6%

Purchase Details

Closed on
Jan 13, 1997
Sold by
Stever Katherine Susan
Bought by
Smith Gary K and Smith Laura M

Purchase Details

Closed on
Oct 15, 1996
Sold by
Trust Smith Gary K Tr Katherine S Smith
Bought by
Smith Gary K and Smith Laura M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.46%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Altamirano Michael $878,000 Fidelity National Title
Lopez Weston Kurt M -- --
Lopez Weston Kurt -- --
Weston Kurt -- Commonwealth
Lopez Weston Kurt -- --
Weston Kurt -- Orange Coast Title
Weston Kurt $245,000 Orange Coast Title
Smith Gary K -- Investors Title Company
Smith Gary K -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Altamirano Michael $862,097
Previous Owner Weston Kurt $242,000
Previous Owner Weston Kurt $220,500
Previous Owner Smith Gary K $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2014 08/29/14 Sold $878,000 0.0% $324 / Sq Ft
08/01/2014 08/01/14 Pending -- -- --
07/03/2014 07/03/14 For Sale $878,000 -- $324 / 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 $13,617 $1,055,213 $522,798 $532,415
2024 $13,617 $1,034,524 $512,548 $521,976
2023 $13,543 $1,014,241 $502,499 $511,742
2022 $12,928 $994,355 $492,647 $501,708
2021 $12,798 $974,859 $482,988 $491,871
2020 $12,734 $965,284 $478,036 $487,248
2019 $12,371 $946,366 $468,663 $477,703
2018 $12,386 $927,819 $459,474 $468,345
2016 $11,392 $891,388 $441,633 $449,755
2015 $11,228 $878,000 $435,000 $443,000
2014 $4,947 $313,314 $166,249 $147,065
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14141009

California Regional Multiple Listing Service (CRMLS)

APN: 5346-010-002