NOT LISTED FOR SALE

2617 W Norwood Place 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 23, 2023

Last sale price $920,000 $557 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,490/month

60 Days on Market

Highlights

  • Main Floor Bedroom
  • No HOA
  • Laundry Room
  • Alhambra High School Rated A
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property

About This Home

As of October 2023

Attention investors and buyers! We are delighted to present a highly convenient location duplex with exceptional features. Each unit consists of 1 bedroom and 1 bathroom. The seller recently completed renovations in 2021, ensuring a fresh and updated appeal.

Both units boast excellent tenants, making this investment even more appealing. The front unit (2617) has recently signed a one-year lease starting on 02/15/2023. The back unit (2619) is currently under contract and their lease is set to expire on 10/13/2023. Each unit is leased for $2000 per month, resulting in a total monthly income of $4000.

Not only are the tenants cooperative and pleasant to communicate with, but they also consistently pay their rents on time, adding to the desirability of this property. Furthermore, the seller has obtained permits and designed a project approved by the city. The project includes two significant aspects:

1. Converting the existing 629 sqft garage into a spacious 982 sqft unit.
2. Rebuilding a 456 sqft 2-car garage.

To provide you with a comprehensive overview, the project design drawings are included in the sales package. This investment opportunity offers both immediate rental income and the potential to further enhance the property's value through the approved project!

Last Agent to Sell the Property

Isaiah Yang

UNIVERSAL ELITE REALTY License #02056594 Listed on: 07/01/2023

UNIVERSAL ELITE REALTY

Last Buyer's Agent

Steven Jiang

UNIVERSAL ELITE REALTY License #01972773

UNIVERSAL ELITE REALTY

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

  • Duplex

Interior Spaces

  • 1,652 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Additional Features

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

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 177
  • Tax Tract Number 5931
  • Assessor Parcel Number 5351010014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,674

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Zoning: ALR1YY
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 5351010014
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1652.00 Square Feet
  • Stories: 1
  • Entry Location: front
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 556.90
  • Room Type: Main Floor Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

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

Condo/Co-op/Association

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

Schools

  • School District: Alhambra

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

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7874.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 4819.01
  • Tax Lot: 177
  • Tax Tract Number: 5931

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2023
Closed on
Sep 20, 2023
Sold by
Isobe Fenyun
Bought by
Wang Min
Seller's Agent
Isaiah Yang
UNIVERSAL ELITE REALTY
Buyer's Agent
Steven Jiang
UNIVERSAL ELITE REALTY
List Price
$980,000
Sold Price
$920,000
Premium/Discount to List
-$60,000
-6.12%
Views
421
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.
Estimated Appreciation
$92,569
Avg. Annual Appreciation
4.75%
Original Mortgage
$690,000
Outstanding Balance
$679,588
Interest Rate
8.25%
Mortgage Type
New Conventional
Estimated Equity
$321,979

Purchase Details

Closed on
Oct 2, 2021
Sold by
Lau Edmond Y and Gu Pauline P
Bought by
Isobe Fenyun

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
10/23/2023 10/23/23 Sold $920,000 -6.1% $557 / Sq Ft
07/01/2023 07/01/23 For Sale $980,000 -- $593 / 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

  • I

    Seller's Agent in 2023

    Isaiah Yang

    UNIVERSAL ELITE REALTY

    (818) 667-6866

    1 in this area

    97 Total Sales

    Isaiah Yang
    Section Image

  • S

    Buyer's Agent in 2023

    Steven Jiang

    UNIVERSAL ELITE REALTY

    (626) 551-1332

    1 in this area

    53 Total Sales

    Steven Jiang
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23118046

California Regional Multiple Listing Service (CRMLS)

APN: 5351-010-014

California Los Angeles County Alhambra 91803 Alhambra Hills

2617 W Norwood Place, Alhambra, CA

This home is located at 2617 W Norwood Place, Alhambra, CA 91803 since 01 July 2023 and is currently estimated at $1,012,569, approximately $612 per square foot. This property was built in 1949. 2617 W Norwood Place 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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