NOT LISTED FOR SALE

231 N Alhambra Ave Monterey Park, CA 91755

15 Beds
10 Baths
9,290 Sq Ft
0.39 Acres

Last Sold August 16, 2013

Last sale price $2,228,000 $240 Per Sq Ft

143 Days on Market

Highlights

  • 0.39 Acre Lot
  • No HOA
  • Carpet
  • Repetto Elementary School Rated A-
  • Laundry Room

About This Home

As of August 2013

Well maintained, attractive, gated property in Monterey Park. Centrally located within walking distance of shopping, restaurants, banks, post office and schools. Close to public transportation and easy access to Interstate freeways. 12 unit building, 6 units on ground level and 6 units on 2nd level. 6 units 1 bedroom 1 bath and 6 units 2 bedroom 1 bath. 12 carports and 12 carport storage units. Coin laundry room on site for additional income. Central water heater. Each unit separately metered for gas and electric. Cable ready to each unit. Ground level units have private enclosed large patio. 2nd level units have large balcony. Property not subject to rent control restrictions. One enclosed private two car garage currently used by owner, could be rented for additional income. Two car garage could be re-converted for direct access to unit #1. Unit #1 has fireplace. Low maintenance landscape. Rental agreements have no pets and no smoking policy. High upside potential. One owner California real estate licensee. Buyer to co-operate in sellers 1031 exchange.

Last Agent to Sell the Property

WILLIAM YEE

TRISTATE REALTY License #00430153 Listed on: 05/31/2013

Last Buyer's Agent

Stella Kuo

STELLA KUO REALTY & MANAGEMENT License #00836372

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.39 Acre Lot
  • 1 Common Wall

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 9,290 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Free-Standing Range
  • Laundry Room

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 10 Bathrooms

Parking

  • 12 Parking Spaces
  • 12 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 14
  • Tax Tract Number 33919
  • Assessor Parcel Number 5255019011

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $538
  • Gardener Expense $1,260
  • Insurance Expense $3,574
  • Maintenance Expense $4,200
  • Trash Expense $1,600
  • Water Sewer Expense $4,800
  • New Taxes Expense $27,360
  • Gross Income $12,300
  • Net Operating Income $103,396

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 4800.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 1260.00
  • Parcel Number: 5255019011
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 239.83

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Laundry Features: Community
  • Trash Expense: 1600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Size Sq Ft: 16857.00
  • Lot Size Acres: 0.3870

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 850
  • Electric Expense: 538.00
  • Gross Income: 12300.00
  • Gross Scheduled Income: 149400.00
  • Insurance Expense: 3574.00
  • Lot Size Area: 16857.0000 Square Feet
  • Maintenance Expense: 4200.00
  • Net Operating Income: 103396.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number With Carpet: 12
  • Number With Disposal: 12
  • Number With Drapes: 12
  • Number With Patio: 6
  • Number With Range: 12
  • Operating Expense: 46004.00
  • Other Income Description: Coin laundry $150.00/mo
  • Rent Control: No
  • Total Actual Rent: 12300.00

Tax Info

  • New Taxes Expense: 27360.00
  • Tax Lot: 14
  • Tax Tract Number: 33919

Range of Values:

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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
08/16/2013 08/16/13 Sold $2,228,000 -2.3% $240 / Sq Ft
08/02/2013 08/02/13 Pending -- -- --
03/12/2013 03/12/13 For Sale $2,280,000 -- $245 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS13041672

California Regional Multiple Listing Service (CRMLS)