NOT LISTED FOR SALE
13 Beds
11 Baths
6,449 Sq Ft
8,394 Sq Ft Lot

Last Sold April 06, 2023

Last sale price $2,678,000 $415 Per Sq Ft

50 Days on Market

Highlights

  • Property is near park and public transit
  • Living Room
  • Accessible Parking
  • Park Elementary School Rated A-
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of April 2023

A rare investment opportunity in a desirable, non-rent controlled area of N Alhambra! Imagine the immense pride you’ll feel at owning 6 well-maintained units in a 2- story apartment building just minutes from downtown Los Angeles. The seller had the dwelling custom -built for their own private use in 1979 and has now put the property up for sale for the first time. Enjoy peace of mind with a newly installed roof (in 2021) that comes with a warranty. Encompassing the building’s 6,449 sq ft of leasable space is one townhouse style, 2 stories, spacious 4-bedrooms, 2.5 -bath unit with a 2-car attached garage; three 2-bedroom 1.5 bath units; one 2-bedroom 1 bath unit and one large 1-bedroom,1-bath unit. Most units have been updated recently. Each apartment unit features separate electricity /gas meter, individual water heater, dishwasher and central air and heat systems. Best of all, you can conveniently live in one while leasing the rest or for the investor seeking a property to add to their investment portfolio or for a 1031 exchange opportunity. The property also includes 10 carports and a 2 car garage. Enviably situated in Alhambra just North of main Street and bordering South Pasadena and within close proximity to Pasadena, you’ll have easy access to the 10, 110 and 210 freeways with Burbank Airport, Dodger Stadium, the Huntington Library, transportation, shops, restaurants, banks, markets, golf course and Park nearby. The Alhambra Park is only less than half a block from subject property. Your tenants will be able to enjoy many Park amenities, including a swimming pool, fitness/tennis/basketball courts, and plenty of picnic areas with BBQs and benches for relaxing. Take advantage of this spectacular investment while you can! DRIVE BY ONLY. PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB THE RESIDENTS/TENANTS.

Last Agent to Sell the Property

Stella Chow

RE/MAX PREMIER/SANMARINO License #00778558 Listed on: 02/02/2023

RE/MAX PREMIER/SANMARINO

Last Buyer's Agent

CAROL FONG

HOMEQUEST REAL ESTATE License #02158393

HOMEQUEST REAL ESTATE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 8,394 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 2 Car Garage
  • 6 Open Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Apartment
  • Copper Plumbing

Interior Spaces

  • 6,449 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 11 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Property is near park and public transit

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 76
  • Tax Tract Number 807
  • Assessor Parcel Number 5339011024

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Fuel Expense $480
  • Gardener Expense $1,800
  • Insurance Expense $3,000
  • Maintenance Expense $4,000
  • Other Expense $8,284
  • Pest Control $450
  • Water Sewer Expense $5,400
  • Operating Expense $23,954
  • Gross Income $155,100
  • Net Operating Income $131,146

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

8,394 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 5400.00
  • Zoning: ALRPD*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5339011024
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Levels: One, Two
  • Price Per Square Foot: 415.26
  • Room Type: Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Driveway, Concrete, Paved, Garage, Uncovered
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Pest Control Expense: 450.00
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 8394.00
  • Lot Size Acres: 0.1927

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 540.00
  • Fuel Expense: 480.00
  • Gross Income: 155100.00
  • Gross Scheduled Income: 155100.00
  • Insurance Expense: 3000.00
  • Laundry Income: 1440.00
  • Lot Size Area: 8394.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 131146.20
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Operating Expense: 23953.80
  • Other Expense: 8283.80
  • Other Expense Description: tax now
  • Rent Control: No
  • Total Expenses: 23953.80

Tax Info

  • Tax Census Tract: 4808.04
  • Tax Lot: 76
  • Tax Tract Number: 807
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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
04/06/2023 04/06/23 Sold $2,678,000 0.0% $415 / Sq Ft
04/04/2023 04/04/23 Off Market $2,678,000 -- --
04/01/2023 04/01/23 For Sale $2,748,000 +2.6% $426 / Sq Ft
03/12/2023 03/12/23 Off Market $2,678,000 -- --
02/02/2023 02/02/23 For Sale $2,748,000 -- $426 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $34,190 $2,786,191 $832,320 $1,953,871
2024 $34,190 $2,731,560 $816,000 $1,915,560
2023 $8,611 $528,235 $112,313 $415,922
2022 $8,284 $517,878 $110,111 $407,767
2021 $8,178 $507,724 $107,952 $399,772
2019 $7,943 $492,666 $104,751 $387,915
2018 $7,838 $483,007 $102,698 $380,309
2016 $7,209 $464,253 $98,711 $365,542
2015 $7,116 $457,281 $97,229 $360,052
2014 $7,073 $448,325 $95,325 $353,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23017293

California Regional Multiple Listing Service (CRMLS)
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