NOT LISTED FOR SALE

2530 Paljay Ave Rosemead, CA 91770

Estimated Value: $978,000 - $1,280,000

4 Beds
2 Baths
1,738 Sq Ft
$609/Sq Ft Est. Value

Last Sold September 27, 2016

Last sale price $650,000 $374 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $6,391/month

6 Days on Market

Highlights

  • Living Room with Fireplace
  • Traditional Architecture
  • Private Yard
  • Temple (Roger W.) Intermediate School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of September 2016

Two houses on a lot in a desirable Rosemead location. Close to shopping, transportation, and easy access to 10 and 60 freeways. Front unit has 3 bedrooms, 1 full bathroom, hardwood floors. Back unit has 1 bedroom and 3/4 bathroom. Wrought iron gated entry. Property needs updating. Property to be sold in "as-is" present physical condition. Seller will not make any repairs. Highly demanded rental area; great for investment or extended family.

Water heater on the front unit is 2 years old. Water heater on the back unit is 1 year old. The address is 2528 and 2530 Payjay Ave. There are 2 separate gas meters, electric meters and water meters.

Last Agent to Sell the Property

Ellen Fu

High Ten Partners, Inc. License #00774584 Listed on: 08/30/2016

High Ten Partners, Inc.

Last Buyer's Agent

Winnie Tang

Pinnacle Real Estate Group License #01870793

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,604

Year Built

  • Built in 1954

Lot Details

  • 7,856 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Level Lot
  • Private Yard
  • Lawn
  • Back Yard

Home Design

  • Traditional Architecture
  • Composition Roof
  • Stone Siding

Interior Spaces

  • 1,738 Sq Ft Home
  • Living Room with Fireplace
  • Gas Cooktop

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot
  • Suburban Location

Listing and Financial Details

  • Tax Lot 80
  • Tax Tract Number 14448
  • Assessor Parcel Number 5282018006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $762
  • Trash Expense $264
  • New Taxes Expense $7,475
  • Gross Income $2,750
  • Net Operating Income $22,849

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,604

Year Built

Built in 1954

Lot Details

0

Listing Details

  • CapRate: 3.82
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Zoning: RMR2YY
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 5282018006
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 373.99
  • Room Type: Living Room

Exterior Features

  • Other Structures: Two On A Lot
  • Fencing: Block, Chain Link, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stone

Utilities

  • Utilities: Electricity Available, Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid
  • Trash Expense: 264.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Level, Lawn, Level with Street, Yard
  • Lot Size Sq Ft: 7856.00
  • Price Per Lot Square Foot: 76.12

Multi Family

  • Gross Income: 2750.00
  • Gross Multiplier: 18.12
  • Gross Scheduled Income: 33000.00
  • Insurance Expense: 762.00
  • Net Operating Income: 22849.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 8501.00
  • Rent Control: No
  • Vacancy Allowance: 5

Tax Info

  • New Taxes Expense: 7475.00
  • Tax Lot: 80
  • Tax Tract Number: 14448

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2024
Sold by
Zhang Zemin and Guo Huainan
Bought by
Guo Huainan
Current Estimated Value
$1,057,607

Purchase Details

Listed on
Aug 30, 2016
Closed on
Sep 15, 2016
Sold by
Chen Tee Yin and The John & Tee Yin Chen Family
Bought by
Zhang Zemin and Guo Huainan
Seller's Agent
Ellen Fu
High Ten Partners, Inc.
Buyer's Agent
Winnie Tang
Pinnacle Real Estate Group
List Price
$598,000
Sold Price
$650,000
Premium/Discount to List
$52,000
8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.51%

Purchase Details

Closed on
Dec 2, 2007
Sold by
Chen John and Chen Tee Yin
Bought by
Chen John and Chen Tee Yin
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
Guo Huainan -- None Listed On Document
Guo Huainan -- None Listed On Document
Zhang Zemin $650,000 Fatcola
Chen John -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2016 09/27/16 Sold $650,000 +8.7% $374 / Sq Ft
09/05/2016 09/05/16 Pending -- -- --
08/30/2016 08/30/16 For Sale $598,000 -- $344 / 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 $9,604 $754,374 $557,078 $197,296
2024 $9,604 $739,583 $546,155 $193,428
2023 $9,251 $725,083 $535,447 $189,636
2022 $8,814 $710,867 $524,949 $185,918
2021 $8,785 $696,929 $514,656 $182,273
2020 $8,702 $689,784 $509,379 $180,405
2019 $8,455 $676,260 $499,392 $176,868
2018 $8,388 $663,000 $489,600 $173,400
2016 $2,959 $216,845 $131,266 $85,579
2015 $2,913 $213,589 $129,295 $84,294
2014 $2,888 $209,406 $126,763 $82,643
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS16190731

California Regional Multiple Listing Service (CRMLS)

APN: 5282-018-006