NOT LISTED FOR SALE

2522 Strathmore Ave Rosemead, CA 91770

Estimated Value: $982,000 - $1,189,000

5 Beds
3 Baths
2,044 Sq Ft
$519/Sq Ft Est. Value

Last Sold May 12, 2016

Last sale price $670,000 $328 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,506/month

60 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Garvey (Richard) Intermediate School Rated A-
  • Laundry Room

About This Home

As of May 2016

** Great Investment Opportunity ** Schools: Bitely Elementary, Garvey Middle, San Gabriel HS.
The downstairs unit just finished remolding. The upstairs unit was remolded recently and fully furnished.
This duplex apartment building has 2 separated addresses: 2522 & 2524 Strathmore Ave which is located in the desirable area of Rosemead, half block south of Garvey Ave. This income property consists of good size of 3b/2b down unit and 2b/1b upper unit. The down unit has installed brand new central A/C & heater.

Last Agent to Sell the Property

Margaret Shieh

GIE Realty License #00952278 Listed on: 03/02/2016

GIE Realty

Last Buyer's Agent

Margaret Shieh

GIE Realty License #00952278 Listed on: 03/02/2016

GIE Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,076 Sq Ft Lot
  • Lot Dimensions are 44x115
  • 1 Common Wall

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,044 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 4825
  • Assessor Parcel Number 5284030033

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,700
  • Net Operating Income $31,568

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

5,076 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 4.50
  • Inclusions: furniture in the upper unit including refrigelator and washer/dryer.
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: No
  • Zoning: RMR2
  • Property Type: Residential Income
  • Parcel Number: 5284030033
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 327.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Common Area
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size: 44x115
  • Lot Size Sq Ft: 5076.00
  • Price Per Lot Square Foot: 131.99
  • Lot Size Acres: 0.1170

Multi Family

  • Gross Income: 3700.00
  • Gross Scheduled Income: 44400.00
  • Lot Size Area: 5076.0000 Square Feet
  • Net Operating Income: 31568.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 11500.00
  • Rent Control: No

Tax Info

  • Tax Area: 3917
  • Tax Lot: 23
  • Tax Tract Number: 4825.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2016
Closed on
May 5, 2016
Sold by
Taxauctioninvestcom Llc
Bought by
Wang Jianbo and Ding Bo
Seller's Agent
Margaret Shieh
GIE Realty
Buyer's Agent
Margaret Shieh
GIE Realty
List Price
$695,000
Sold Price
$670,000
Premium/Discount to List
-$25,000
-3.6%
Current Estimated Value
$1,060,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,795
Avg. Annual Appreciation
4.78%
Original Mortgage
$368,500
Outstanding Balance
$309,636
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$751,159

Purchase Details

Closed on
Jan 20, 2013
Sold by
Sy Anthony Joseph
Bought by
Taxauctioninvestcom Llc

Purchase Details

Closed on
Nov 30, 2012
Sold by
Guillen Marcos and Guillen Manuela
Bought by
Sy Anthony Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2012
Sold by
Guillen Marcos P and Guillen Manuela
Bought by
Prime Ventures

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wang Jianbo $670,000 Stewart Title Company
Taxauctioninvestcom Llc -- None Available
Sy Anthony Joseph $375,000 None Available
Prime Ventures -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Jianbo $368,500
Previous Owner Prime Ventures $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2016 05/12/16 Sold $670,000 -3.6% $328 / Sq Ft
03/20/2016 03/20/16 Pending -- -- --
01/20/2016 01/20/16 For Sale $695,000 -- $340 / 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 $10,058 $793,137 $556,381 $236,756
2024 $10,058 $777,586 $545,472 $232,114
2023 $9,687 $762,340 $534,777 $227,563
2022 $9,228 $747,393 $524,292 $223,101
2021 $9,196 $732,739 $514,012 $218,727
2019 $8,849 $711,008 $498,767 $212,241
2018 $8,798 $697,068 $488,988 $208,080
2016 $6,324 $514,914 $312,070 $202,844
2015 $6,224 $507,181 $307,383 $199,798
2014 $6,148 $497,247 $301,362 $195,885
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16012167

California Regional Multiple Listing Service (CRMLS)

APN: 5284-030-033

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