NOT LISTED FOR SALE

Estimated Value: $1,381,000 - $1,824,000

8 Beds
4 Baths
3,084 Sq Ft
$502/Sq Ft Est. Value

Last Sold July 12, 2018

Last sale price $1,125,000 $365 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $9,686/month

59 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Alhambra High School Rated A
  • 4 Detached Carport Spaces

About This Home

As of July 2018

Fantastic opportunity to own this 4 unit income property on a 12,590 sf lot. Each unit has 2 bedrooms, 1 bath, living room, kitchen and access to one car carport. There are ample open parking spaces and coin operated washer and dryer in a common laundry room on the premise. Each unit also has their own water heater, gas and electric meter. All units have long term tenants. This 4 plex is conveniently located adjacent to shopping centers, restaurants, transportation, Target, Costco and Shops at Main.

Last Agent to Sell the Property

Kenny Dam

ADVANCED PROPERTIES License #01223685 Listed on: 04/29/2018

Last Buyer's Agent

TINH DAM

ADVANCED PROPERTIES License #01356984

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,742

Year Built

  • Built in 1957

Lot Details

  • 0.29 Acre Lot
  • Two or More Common Walls

Home Design

  • 3,084 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available

Utilities

  • Wall Furnace
  • Sewer on Bond

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 7
  • Assessor Parcel Number 5339009024

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $116
  • Fuel Expense $315
  • Insurance Expense $1,711
  • Water Sewer Expense $3,156
  • Operating Expense $5,298
  • Gross Income $54,180
  • Net Operating Income $49,882

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,742

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3156.00
  • Zoning: R2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5339009024
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 364.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer On Bond
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 12590.00

Multi Family

  • Electric Expense: 116.00
  • Fuel Expense: 315.00
  • Gross Income: 54180.00
  • Gross Scheduled Income: 55180.00
  • Insurance Expense: 1711.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1000.00
  • Net Operating Income: 49882.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 5298.00
  • Other Income Description: 1000
  • Rent Control: No
  • Total Actual Rent: 4515.00
  • Total Expenses: 5298.00

Tax Info

  • Tax Census Tract: 4808.03
  • Tax Lot: 25
  • Tax Tract Number: SUB#7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2018
Closed on
Jul 2, 2018
Sold by
Olson Wade D
Bought by
Li Xiaodong
Seller's Agent
Kenny Dam
ADVANCED PROPERTIES
Buyer's Agent
TINH DAM
ADVANCED PROPERTIES
List Price
$1,288,000
Sold Price
$1,125,000
Premium/Discount to List
-$163,000
-12.66%
Current Estimated Value
$1,516,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,202
Avg. Annual Appreciation
4.61%
Original Mortgage
$675,000
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving
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
Li Xiaodong $1,125,000 Provident Title Company
Li Xiaodong -- Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Xiaodong $990,000
Closed Li Xiaodong $675,000
Previous Owner Olson Wade D $250,000
Previous Owner Olson Wade D $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2018 07/12/18 Sold $1,125,000 -5.3% $365 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
06/23/2018 06/23/18 Price Changed $1,188,000 -4.0% $385 / Sq Ft
05/24/2018 05/24/18 Price Changed $1,238,000 -3.9% $401 / Sq Ft
04/29/2018 04/29/18 For Sale $1,288,000 -- $418 / 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 $15,742 $1,254,954 $808,749 $446,205
2024 $15,742 $1,230,348 $792,892 $437,456
2023 $15,622 $1,206,225 $777,346 $428,879
2022 $14,891 $1,182,574 $762,104 $420,470
2021 $14,737 $1,159,387 $747,161 $412,226
2019 $14,231 $1,125,000 $725,000 $400,000
2018 $4,739 $300,421 $118,343 $182,078
2017 $4,680 $294,531 $116,023 $178,508
2016 $4,389 $288,757 $113,749 $175,008
2015 $4,331 $284,421 $112,041 $172,380
2014 $4,308 $278,851 $109,847 $169,004
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18099498

California Regional Multiple Listing Service (CRMLS)

APN: 5339-009-024