23 N Cordova St Alhambra, CA 91801
Lindaraxa Park NeighborhoodEstimated Value: $1,006,000 - $1,479,429
3
Beds
3
Baths
2,011
Sq Ft
$591/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Private Yard
- 1 Attached Carport Space
- San Gabriel High School Rated A
- Laundry Room
- 2-minute walk to Lindaraxa Park
About This Home
As of January 2021Located in the last blocks bordering the prestigious city of San Marino, this is a rare real estate opportunity with 2 charming houses on a lot, including a detached 2-car garage that could be converted into an ADU for additional passive income! Perfect for an owner to live in one unit and rent out the other for rental income or a rental duplex ready to go, complete with tenants if preferred.
The front house (23 N Cordova) is 1296 sq. ft. with 2 bedrooms + 2 baths, that could easily be converted back to 3BD/ 2BA. This home features a fireplace in the living room, a separate dining room that connects to a galley kitchen, with an additional spacious bonus/ laundry room with sliding doors that look out to the patio and private backyard. The back house (23 1/2 N Cordova) is 734 sq. ft. with 1 bedroom +1 bath, a large kitchen, its own laundry area and fenced-in private backyard. A long concrete driveway from the street provides additional parking for guests or residents.
Seller has invested OVER $90,000+ worth of upgrades in the last few years including a new roof on the front house, copper plumbing in both units, electrical wiring, an updated bathroom, new windows, central air in both units, earthquake retrofit of both houses (more than $14k value), and much more. PROPERTY SOLD AS IS WITH NO REPAIRS.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,338
Year Built
- Built in 1919 | Remodeled
Lot Details
- 8,439 Sq Ft Lot
- No Common Walls
- Chain Link Fence
- Landscaped
- Rectangular Lot
- Level Lot
- Private Yard
- Lawn
- Back and Front Yard
Parking
- 2 Car Garage
- 2 Open Parking Spaces
- 1 Attached Carport Space
- Parking Available
- Two Garage Doors
- Garage Door Opener
- Shared Driveway
Home Design
- Duplex
- Turnkey
- Shingle Roof
Interior Spaces
- 2,011 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Additional Features
- Exterior Lighting
- Suburban Location
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 19
- Tax Tract Number 1901
- Assessor Parcel Number 5336022009
Community Details
Overview
- 3 Buildings
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,320
- Insurance Expense $2,075
- Trash Expense $825
- Water Sewer Expense $825
- New Taxes Expense $8,200
- Operating Expense $13,245
- Gross Income $46,740
- Net Operating Income $33,395
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 11, 2020
Closed on
Jan 5, 2021
Sold by
Wang Li Ling Wang and Li Ling Wang Revocable Trust
Bought by
Phung Thien and Tran Kelly
Seller's Agent
Lillian Wang
Compass
Buyer's Agent
Kelly Tran
Compass
List Price
$859,000
Sold Price
$935,000
Premium/Discount to List
$76,000
8.85%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,607
Avg. Annual Appreciation
6.11%
Original Mortgage
$701,250
Outstanding Balance
$635,429
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$577,664
Purchase Details
Closed on
Mar 29, 2016
Sold by
Wang Li Ling
Bought by
Wang Li Ling and Li Ling Wang Revocable Trust
Purchase Details
Listed on
Nov 6, 2014
Closed on
Nov 18, 2014
Sold by
Johnson Frank L and Johnson Family Trust
Bought by
Wang Li Ling
Seller's Agent
Gregory Stanton
COMPASS
List Price
$558,000
Sold Price
$605,500
Premium/Discount to List
$47,500
8.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.84%
Original Mortgage
$484,400
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 29, 2014
Sold by
The Johnson Family Trust
Bought by
Johnson Frank L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,400
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 25, 2014
Sold by
The Johnson Family Trust
Bought by
Johnson Frank L
Purchase Details
Closed on
Dec 26, 2013
Sold by
The Johnson Family Trust
Bought by
Johnson Felice E
Purchase Details
Closed on
Apr 3, 2006
Sold by
Johnson Jamison C and Johnson Felice E
Bought by
Johnson Jamison C and Johnson Felice E
Purchase Details
Closed on
Mar 20, 2006
Sold by
Johnson Felice E and Sebeck Felice E
Bought by
Johnson Jamison C and Johnson Felice E
Similar Homes in Alhambra, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Phung Thien | $935,000 | Fidelity National Title Co | |
| Wang Li Ling | -- | None Available | |
| Wang Li Ling | $605,500 | Old Republic Title Company | |
| Johnson Jamison C | -- | None Available | |
| Johnson Jamison C | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Phung Thien | $701,250 | |
| Previous Owner | Wang Li Ling | $484,000 | |
| Previous Owner | Wang Li Ling | $484,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/27/2021 01/27/21 | Sold | $935,000 | +8.8% | $465 / Sq Ft |
| 12/11/2020 12/11/20 | For Sale | $859,000 | +41.9% | $427 / Sq Ft |
| 12/10/2020 12/10/20 | Pending | -- | -- | -- |
| 12/17/2014 12/17/14 | Sold | $605,500 | +8.5% | $301 / Sq Ft |
| 12/03/2014 12/03/14 | Pending | -- | -- | -- |
| 11/06/2014 11/06/14 | For Sale | $558,000 | -- | $277 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $12,338 | $992,229 | $695,091 | $297,138 |
| 2023 | $12,185 | $972,774 | $681,462 | $291,312 |
| 2022 | $11,596 | $953,700 | $668,100 | $285,600 |
| 2021 | $8,387 | $672,295 | $498,532 | $173,763 |
| 2020 | $8,342 | $665,403 | $493,421 | $171,982 |
| 2019 | $8,094 | $652,357 | $483,747 | $168,610 |
| 2018 | $8,047 | $639,566 | $474,262 | $165,304 |
| 2016 | $7,397 | $614,733 | $455,847 | $158,886 |
| 2015 | $7,286 | $605,500 | $449,000 | $156,500 |
| 2014 | $1,277 | $67,152 | $50,376 | $16,776 |
Source: Public Records
Agents Affiliated with this Home
-
Lillian Wang
Seller's Agent in 2021
Lillian Wang
Compass
(323) 538-5322
1 in this area
19 Total Sales
-
KRISTINE CHENG
K
Seller Co-Listing Agent in 2021
KRISTINE CHENG
KW Executive
(626) 377-1168
1 in this area
28 Total Sales
-
Kelly Tran
Buyer's Agent in 2021
Kelly Tran
Compass
(626) 379-8447
3 in this area
78 Total Sales
-
Gregory Stanton
Seller's Agent in 2014
Gregory Stanton
COMPASS
(626) 644-4760
28 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20249552
APN: 5336-022-009
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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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