NOT LISTED FOR SALE

2705 Falling Leaf Ave Rosemead, CA 91770

Estimated Value: $910,306 - $1,273,000

6 Beds
2 Baths
1,525 Sq Ft
$724/Sq Ft Est. Value

Last Sold May 25, 2021

Last sale price $972,000 $637 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,850/month

9 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Forced Air Zoned Heating and Cooling System
  • Temple (Roger W.) Intermediate School Rated A-
  • Tile Flooring

About This Home

As of May 2021

Duplex located in the prime location of Rosemead, in the heart of the San Gabriel Valley. Both homes 3 bed 1 baths and have been gorgeously remodeled with all new laminate flooring, interior paint, brand new kitchen cabinets with stainless steel appliances. Both bathrooms have also been tastefully redone with all new tile flooring, toilets, vanity and wall tile. This is a rare opportunity to own 2 homes in a great community of Rosemead. Each unit has its own addresses. 2705 and 2707. The front unit consists of full central heat and air with brand new energy efficient dual pane windows. The rear unit was gutted and rebuilt with all new everything. Mini split system for heating and cooling. Both units have their own laundry connections for added convenience. All new concrete driveway and parking pad in the back with a bonus parking spot in the front. Easy to maintain decomposed granite makes up the front and back yard. No gardener required. Separate electric meters and gas meters making it easy to rent the homes.

Last Agent to Sell the Property

Jessie Rodriguez

Cal American Homes License #01418054 Listed on: 03/30/2021

Cal American Homes

Co-Listed By

Michael Ly

HILL TOP REAL ESTATE License #02026257

Last Buyer's Agent

Shirley Tang

888 Realty License #01845722

888 Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 6,205 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,525 Sq Ft Home
  • Duplex

Kitchen

  • Gas Range
  • Microwave

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 7621
  • Assessor Parcel Number 5284017017

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $100
  • Trash Expense $50
  • Water Sewer Expense $150
  • New Taxes Expense $9,000
  • Operating Expense $200
  • Gross Income $60,000
  • Net Operating Income $5,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 150.00
  • Zoning: RMR2*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5284017017
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 637.38
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Microwave
  • Heating Type: Central, Zoned
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6205.00
  • Lot Size Acres: 0.1424

Multi Family

  • Gross Income: 60000.00
  • Gross Operating Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 100.00
  • Lot Size Area: 6205.0000 Square Feet
  • Net Operating Income: 5760.00
  • 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: 1
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 2400.00
  • Rent Control: No
  • Total Expenses: 200.00

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Census Tract: 4825.03
  • Tax Lot: 21
  • Tax Tract Number: 7621

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Sep 1, 2020
Sold by
Odin New Horizon Rea Estate Fund Lp
Bought by
Chavez Joel S
Seller's Agent
Layne Davis
Capital & Influence
Buyer's Agent
Layne Davis
Capital & Influence
List Price
$569,500
Sold Price
$575,000
Premium/Discount to List
$5,500
0.97%
Current Estimated Value
$1,104,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$529,577
Avg. Annual Appreciation
12.93%
Original Mortgage
$605,000
Outstanding Balance
$535,677
Interest Rate
2.9%
Mortgage Type
Stand Alone Second
Estimated Equity
$568,900

Purchase Details

Closed on
Oct 31, 2016
Sold by
Chavez Gilbert L and Chavez Deborah D
Bought by
Chavez Joel S

Purchase Details

Closed on
Feb 5, 2007
Sold by
Chavez Theda and Chavez Family Trust
Bought by
Chavez Gilbert L and Chavez Deborah D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Chavez Joel S -- Ticor Title
Vintage Flip Llc $575,000 Ticor Title Company
Chavez Joel S -- None Available
Chavez Gilbert L -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vintage Flip Llc $605,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/25/2021 05/25/21 Sold $972,000 -0.7% $637 / Sq Ft
04/08/2021 04/08/21 Pending -- -- --
04/07/2021 04/07/21 Price Changed $979,000 +8.9% $642 / Sq Ft
03/30/2021 03/30/21 For Sale $899,000 +56.3% $590 / Sq Ft
09/10/2020 09/10/20 Sold $575,000 +1.0% $377 / Sq Ft View Prior Sale
08/24/2020 08/24/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $569,500 -- $373 / 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 $13,569 $1,052,121 $835,636 $216,485
2024 $13,013 $1,031,492 $819,251 $212,241
2023 $12,526 $1,011,268 $803,188 $208,080
2022 $11,925 $991,440 $787,440 $204,000
2021 $7,346 $575,000 $405,000 $170,000
2020 $1,143 $42,986 $15,218 $27,768
2019 $1,123 $42,144 $14,920 $27,224
2018 $1,019 $41,319 $14,628 $26,691
2016 $944 $39,716 $14,061 $25,655
2015 $930 $39,120 $13,850 $25,270
2014 $934 $38,354 $13,579 $24,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21065377

California Regional Multiple Listing Service (CRMLS)

APN: 5284-017-017