NOT LISTED FOR SALE

2617 W Norwood Place Unit 2 Alhambra, CA 91803

Alhambra Hills Neighborhood

Estimated Value: $924,000 - $1,198,276

2 Beds
2 Baths
1,652 Sq Ft
$613/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $800,000 $484 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,490/month

67 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Alhambra High School Rated A

About This Home

As of October 2021

Very convenient location Duplex, each unit has one bed and one bath. Great opportunity for investor to rebuild or remodel.

Last Agent to Sell the Property

Shao Zhou

Star Max Realty License #01342424 Listed on: 07/26/2021

Last Buyer's Agent

RAE ZHANG

RE/MAX CHAMPIONS License #02011752

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,674

Year Built

  • Built in 1949

Lot Details

  • 7,874 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,652 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 177
  • Tax Tract Number 5931
  • Assessor Parcel Number 5351010014

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $600
  • Water Sewer Expense $1,000
  • New Taxes Expense $2,500
  • Operating Expense $4,900
  • Gross Income $22,800
  • Net Operating Income $17,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,674

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1000.00
  • Zoning: ALR1YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5351010014
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 484.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7874.00
  • Lot Size Acres: 0.1808

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Income: 22800.00
  • Gross Scheduled Income: 22800.00
  • Insurance Expense: 800.00
  • Lot Size Area: 7874.0000 Square Feet
  • Net Operating Income: 17900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4900.00
  • Rent Control: Yes
  • Total Expenses: 4900.00

Tax Info

  • New Taxes Expense: 2500.00
  • Tax Census Tract: 4819.01
  • Tax Lot: 177
  • Tax Tract Number: 5931

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2023
Sold by
Isobe Fenyun
Bought by
Wang Min
Current Estimated Value
$1,012,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Outstanding Balance
$679,588
Interest Rate
8.25%
Mortgage Type
New Conventional
Estimated Equity
$321,979

Purchase Details

Listed on
Jul 26, 2021
Closed on
Oct 2, 2021
Sold by
Lau Edmond Y and Gu Pauline P
Bought by
Isobe Fenyun
Seller's Agent
Shao Zhou
Star Max Realty
Buyer's Agent
RAE ZHANG
RE/MAX CHAMPIONS
List Price
$769,000
Sold Price
$800,000
Premium/Discount to List
$31,000
4.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%

Purchase Details

Closed on
May 25, 2013
Sold by
Gu Pauline P
Bought by
Edmond Lau & Pauline Gu Revocable Trust

Purchase Details

Closed on
Jul 16, 2003
Sold by
Gu Pauline Peirong
Bought by
Gu Pauline P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 1999
Sold by
Trust Montague Frederick M Co Tr Montagu
Bought by
Gu Pauline Peirong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.79%

Purchase Details

Closed on
Sep 3, 1993
Sold by
Montague Frederick M and Montague Nerina N
Bought by
Montague Frederick M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.25%
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
Wang Min $920,000 Chicago Title Insurance Compan
Isobe Fenyun $800,000 Stewart Title Of Ca Inc
Edmond Lau & Pauline Gu Revocable Trust -- None Available
Gu Pauline P -- Fidelity
Gu Pauline Peirong $146,000 --
Montague Frederick M -- Title Land Company
Montague Frederick M -- Title Land Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Min $690,000
Previous Owner Gu Pauline P $84,000
Previous Owner Gu Pauline Peirong $115,000
Previous Owner Montague Frederick M $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $800,000 +4.0% $484 / Sq Ft
07/26/2021 07/26/21 For Sale $769,000 -- $465 / 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 $11,674 $938,400 $563,040 $375,360
2024 $11,674 $920,000 $552,000 $368,000
2023 $10,436 $816,000 $489,600 $326,400
2022 $9,941 $800,000 $480,000 $320,000
2021 $3,184 $211,435 $124,546 $86,889
2019 $3,088 $205,165 $120,852 $84,313
2018 $2,961 $201,143 $118,483 $82,660
2016 $2,735 $193,334 $113,883 $79,451
2015 $2,697 $190,431 $112,173 $78,258
2014 $2,678 $186,702 $109,976 $76,726
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Shao Zhou

    Star Max Realty

    (626) 272-0946

    1 in this area

    35 Total Sales

    Shao Zhou
    Section Image
  • RAE ZHANG

    Buyer's Agent in 2021

    RAE ZHANG

    RE/MAX

    (626) 864-1688

    1 in this area

    118 Total Sales

    RAE ZHANG
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR21163373

California Regional Multiple Listing Service (CRMLS)

APN: 5351-010-014

California Los Angeles County Alhambra 91803 Alhambra Hills

2617 W Norwood Place Unit 2, Alhambra, CA

This home is located at 2617 W Norwood Place Unit 2, Alhambra, CA 91803 since 26 July 2021 and is currently estimated at $1,012,569, approximately $612 per square foot. This property was built in 1949. 2617 W Norwood Place Unit 2 is a home located in Los Angeles County with nearby schools including Fremont Elementary School, Alhambra High School, and St. Thomas More Catholic Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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