NOT LISTED FOR SALE

2659 Falling Leaf Ave Rosemead, CA 91770

Estimated Value: $1,731,000 - $2,059,000

8 Beds
6 Baths
4,055 Sq Ft
$464/Sq Ft Est. Value

Last Sold October 25, 2017

Last sale price $1,200,000 $296 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $10,709/month

194 Days on Market

About This Home

As of October 2017

Just Reduced! Prime location. 4-plex located is a desirable area of Rosemead. Very convenient location. Close to schools, freeways, transportation, and shopping centers. Spacious units. Large lot size. Front yard. Long driveway with extra parking space. 2 car attached garages; central air/heat; individual laundry hook-up; and dining area. Long time tenants on "Month-to-Month" term. The front building consist of 2 units: (1) 3 bedrooms/2 bathrooms, rent is $1400.00; (2) 2 bedrooms/2 bathrooms, rent is $1350. The back building is the third unit: there is 2 bedrooms/1 bathroom on first floor, owner occupied and 1 bedroom/1 bathroom on second floor, rent is $900. Very low rents for the area with lots up upside potential. Total gross income (proforma) rents are $75,600 which = 5.6% CAP. Good for owner user or buy as an investment and collect more income.

Last Agent to Sell the Property

Rudy Kusuma

Partner Real Estate License #01820322 Listed on: 03/30/2017

Partner Real Estate

Co-Listed By

Kyle Ngo

eXp Realty of California Inc License #01349529

Last Buyer's Agent

Manora Bou

The Jackson Real Estate Group License #01941596

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,490

Year Built

  • Built in 1988

Lot Details

  • 9,915 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 6 Car Garage

Home Design

  • 4,055 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 4825
  • Assessor Parcel Number 5284018016

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Fuel Expense $264
  • Insurance Expense $1,680
  • Trash Expense $720
  • Water Sewer Expense $2,640
  • New Taxes Expense $11,500
  • Operating Expense $16,804
  • Gross Income $46,460
  • Net Operating Income $46,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,490

Year Built

Built in 1988

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.50
  • Property Attached: Yes
  • Water Sewer Expenses: 2640.00
  • Zoning: RMR2*
  • Property Type: Residential Income
  • Parcel Number: 5284018016
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 295.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9915.00

Multi Family

  • Fuel Expense: 264.00
  • Gross Income: 46460.00
  • Gross Scheduled Income: 63120.00
  • Insurance Expense: 1680.00
  • Net Operating Income: 46460.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 16540.00
  • Rent Control: No
  • Total Expenses: 16804.00

Tax Info

  • New Taxes Expense: 11500.00
  • Tax Census Tract: 4825.03
  • Tax Lot: 10
  • Tax Tract Number: 4825

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2019
Sold by
Chang Ken Chung
Bought by
Chang Ken Chung and The Revocable Trust Of Ken Chu
Current Estimated Value
$1,689,782

Purchase Details

Closed on
Jul 25, 2019
Sold by
Chang Michelle B
Bought by
Chang Ken Chung

Purchase Details

Listed on
Mar 30, 2017
Closed on
Oct 10, 2017
Sold by
Afat Wenceslao Cham
Bought by
Chang Ken Chung and Chang Michelle B
Seller's Agent
Rudy Kusuma
Partner Real Estate
Buyer's Agent
Manora Bou
The Jackson Real Estate Group
List Price
$1,430,000
Sold Price
$1,200,000
Premium/Discount to List
-$230,000
-16.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.17%

Purchase Details

Closed on
Feb 18, 2010
Sold by
Peng Shuhong
Bought by
Afat Wenceslao Cham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2009
Sold by
Cheung Kan Yuen and Cheung Pik Ha
Bought by
Afat Wenceslao Cham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 1994
Sold by
Cordova Gloria Dale
Bought by
Cordova William Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.59%

Purchase Details

Closed on
Mar 11, 1994
Sold by
Cordova William Vincent
Bought by
Cheung Kan Yuen and Cheung Pik Ha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.59%
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
Chang Ken Chung -- None Available
Chang Ken Chung -- None Available
Chang Ken Chung $1,200,000 First American Title
Afat Wenceslao Cham -- Chicago Title Company
Afat Wenceslao Cham $855,000 Chicago Title Company
Cordova William Vincent -- --
Cheung Kan Yuen $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Afat Wenceslao Cham $480,000
Previous Owner Cheung Kan Yuen $387,000
Previous Owner Cheung Kan Yuen $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2017 10/25/17 Sold $1,200,000 -7.0% $296 / Sq Ft
10/10/2017 10/10/17 Pending -- -- --
06/12/2017 06/12/17 Price Changed $1,290,000 -4.4% $318 / Sq Ft
05/09/2017 05/09/17 Price Changed $1,350,000 -2.2% $333 / Sq Ft
04/20/2017 04/20/17 Price Changed $1,380,000 -3.5% $340 / Sq Ft
03/30/2017 03/30/17 For Sale $1,430,000 -- $353 / 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 $17,490 $1,365,391 $910,261 $455,130
2024 $17,490 $1,338,619 $892,413 $446,206
2023 $16,854 $1,312,372 $874,915 $437,457
2022 $16,065 $1,286,640 $857,760 $428,880
2021 $16,005 $1,261,413 $840,942 $420,471
2020 $15,855 $1,248,480 $832,320 $416,160
2019 $15,407 $1,224,000 $816,000 $408,000
2018 $15,235 $1,200,000 $800,000 $400,000
2016 $11,486 $932,296 $545,203 $387,093
2015 $11,305 $918,293 $537,014 $381,279
2014 $11,170 $900,306 $526,495 $373,811
Source: Public Records

Agents Affiliated with this Home

  • Rudy Kusuma

    Seller's Agent in 2017

    Rudy Kusuma

    Partner Real Estate

    (626) 899-5120

    3 in this area

    203 Total Sales

    Section Image
  • Kyle Ngo

    Seller Co-Listing Agent in 2017

    Kyle Ngo

    eXp Realty of California Inc

    (626) 215-2368

    3 in this area

    53 Total Sales

    Section Image

  • M

    Buyer's Agent in 2017

    Manora Bou

    The Jackson Real Estate Group

    (562) 477-2284

    2 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17066033

California Regional Multiple Listing Service (CRMLS)

APN: 5284-018-016

California Los Angeles County Rosemead 91770

2659 Falling Leaf Ave, Rosemead, CA

This home is located at 2659 Falling Leaf Ave, Rosemead, CA 91770 since 30 March 2017 and is currently estimated at $1,883,003, approximately $464 per square foot. This property was built in 1988. 2659 Falling Leaf Ave is a home located in Los Angeles County with nearby schools including Rice (Eldridge) Elementary School, Temple (Roger W.) Intermediate School, and San Gabriel High 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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