Seller's Agent in 2022
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
1 in this area
65 Total Sales
28 S Chapel Ave Alhambra, CA 91801
Downtown Alhambra NeighborhoodEstimated Value: $720,000 - $1,146,000
3
Beds
3
Baths
11,711
Sq Ft
0.82
Acres
Highlights
- 0.82 Acre Lot
- Laundry Room
- 7 Car Garage
- San Gabriel High School Rated A-
- Central Heating and Cooling System
About This Home
As of March 2022A seven condo portfolio multifamily opportunity located in the City of Alhambra!
28-32 S. Chapel Avenue is located on South Chapel Avenue between East Main Street and East Bay Street in the heart of Alhambra. The property offers walkable access to Alhambra Place, a 120,000-square-foot retail center with popular shops and restaurants. The highly convenient location offers easy access to the 10 and 210 freeway and is located near several elementary, middle and high schools. The area also offers convenient access to the San Gabriel Valley Medical Center, Cal State LA, The Westfield Santa Anita, East Los Angeles College and the Alhambra Golf Course.
28-32 S. Chapel Avenue is a rare, non-rent controlled, three-story, seven-unit portfolio of condos that are individually parceled. Built in 1984, the property is situated on a ±35,741 square foot lot with a total building size of ±11,711 square feet. The property offers an excellent unit mix of seven total units averaging 1,673 square feet.
Alhambra is a city located in the western San Gabriel Valley region of Los Angeles County. It is ideally located by offering convenient access to the neighboring cities within the San Gabriel Valley, Los Angeles County and San Bernardino County. The property is less than 30 miles from LAX and a short drive from Downtown Los Angeles and Pasadena. Significant local landmarks within a 20-mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, The Staples Center, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more.
28-32 S. Chapel Avenue features tri-level spacious units with central air and heating, washer and dryer hook-up, kitchen with appliances, a formal dining area, carpet, stone, tile and vinyl flooring, master bedroom with walk-in closet, a fireplace, and attached two-car garage.
28-32 S. Chapel Avenue is a great long-term investment. The property is in a highly desirable, non-rent-controlled area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Property Details
Home Type
- Condominium
Year Built
- Built in 1984
Lot Details
- Two or More Common Walls
- Density is 6-10 Units/Acre
- 5345-015-050, 053, 055, 056, 057, 066, 069
Parking
- 7 Car Garage
- 4 Open Parking Spaces
- Parking Available
Interior Spaces
- 11,711 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection, water
- Tax Lot 1
- Tax Tract Number 41608
- Assessor Parcel Number 5345015066
- $428 per year additional tax assessments
Community Details
Overview
- Property has a Home Owners Association
- 2 Buildings
- 7 Units
Building Details
- 7 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 7 Separate Water Meters
- Maintenance Expense $7,896
- Other Expense $14,700
- Professional Management Expense $6,142
- Supplies Expense $1,400
- New Taxes Expense $49,484
- Operating Expense $79,622
- Gross Income $175,473
- Net Operating Income $95,852
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 28, 2022
Sold by
Mekpongsatorn Valliya
Bought by
Valliya Mekpongsatorn Separate Trust
Current Estimated Value
Purchase Details
Listed on
Oct 6, 2021
Closed on
Mar 16, 2022
Sold by
Chu-Tsen Chiu
Bought by
Chiu Family 1998 Trust
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$4,300,000
Sold Price
$4,100,000
Premium/Discount to List
-$200,000
-4.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-33.30%
Original Mortgage
$2,000,000
Interest Rate
3.55%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 6, 2021
Closed on
Mar 3, 2022
Sold by
Mekpongsatorn Surapol
Bought by
Mekpongsatorn Valliya
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$4,300,000
Sold Price
$4,100,000
Premium/Discount to List
-$200,000
-4.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.55%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 6, 2021
Closed on
Feb 9, 2022
Sold by
Chiu Family 1998 Trust and Thomas & Sue Limited Partnership
Bought by
Mekpongsatorn Surapol and Mekpongsatorn Valliya
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$4,300,000
Sold Price
$4,100,000
Premium/Discount to List
-$200,000
-4.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.55%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Valliya Mekpongsatorn Separate Trust | -- | None Listed On Document | |
| Surapol Mekpongsatorn Separate Trust | -- | None Listed On Document | |
| Valliya Mekpongsatorn Separate Trust | -- | None Listed On Document | |
| Surapol Mekpongsatorn Separate Trust | -- | None Listed On Document | |
| Chiu Family 1998 Trust | -- | -- | |
| Chiu Family 1998 Trust | -- | -- | |
| Mekpongsatorn Valliya | -- | First American Title Company O | |
| Mekpongsatorn Surapol | -- | First American Title Company O | |
| Chiu Family 1998 Trust | -- | -- | |
| Mekpongsatorn Valliya | -- | First American Title Company O | |
| Mekpongsatorn Surapol | -- | First American Title Company O | |
| Chiu Family 1998 Trust | -- | -- | |
| Mekpongsatorn Surapol | $4,100,000 | New Title Company Name | |
| Mekpongsatorn Surapol | $4,100,000 | New Title Company Name |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mekpongsatorn Surapol | $2,000,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/18/2022 03/18/22 | Sold | $4,100,000 | -4.7% | $350 / Sq Ft |
| 12/22/2021 12/22/21 | Pending | -- | -- | -- |
| 10/06/2021 10/06/21 | For Sale | $4,300,000 | -- | $367 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $7,651 | $631,416 | $442,522 | $188,894 |
| 2024 | $7,651 | $619,037 | $433,846 | $185,191 |
| 2023 | $7,558 | $606,900 | $425,340 | $181,560 |
| 2022 | $2,631 | $192,959 | $57,699 | $135,260 |
| 2021 | $2,597 | $189,176 | $56,568 | $132,608 |
| 2019 | $2,512 | $183,567 | $54,891 | $128,676 |
| 2018 | $2,505 | $179,968 | $53,815 | $126,153 |
| 2016 | $2,302 | $172,981 | $51,726 | $121,255 |
| 2015 | $2,269 | $170,384 | $50,950 | $119,434 |
| 2014 | $2,247 | $167,047 | $49,952 | $117,095 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Chen
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21222467
APN: 5345-015-066
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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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