NOT LISTED FOR SALE

2812 W Hellman Ave Alhambra, CA 91803

Estimated Value: $1,067,000 - $1,178,488

4 Beds
3 Baths
2,400 Sq Ft
$461/Sq Ft Est. Value

Last Sold July 16, 2020

Last sale price $899,000 $375 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,899/month

10 Days on Market

About This Home

As of July 2020

Amazing multi-unit property! This is an ideal location in great neighborhood and only half mile from CSULA! You can walk to the college. Recently painted. This property was well maintained and owned for over 25 years by same owner. Rents are well below market value so there is a lot of upside potential for this property.

Last Agent to Sell the Property

James Philipps

Alta Realty Group CA, Inc. License #01382072 Listed on: 05/22/2020

Alta Realty Group CA, Inc.

Last Buyer's Agent

Kofen Chang

Coldwell Banker License #01951860

Coldwell Banker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,090

Year Built

  • Built in 1946

Lot Details

  • 7,405

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 5352-021-001

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Three Units Community

Building Details

  • Net Operating Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,090

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Cross Street: Orange Grove
  • Neighborhood: Alhambra
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1946
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Three Units
  • Community: OUT OF AREA

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 5352-021-001

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 33600
  • Gross Rent Multiplier Actual: 3.7
  • Gross Rent Multiplier Projected: 5.8
  • Gross Sched Income Actual: 33600
  • Gross Sched Income Projected: 52200
  • Number Of Buildings: 2
  • Number Of Units With Dryers: 3
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Washers: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Jun 8, 2020
Sold by
Marranca Joseph Sam and The Marranca Family Trust
Bought by
Ni Xin and Sun Jun
Seller's Agent
James Philipps
Alta Realty Group CA, Inc.
Buyer's Agent
Kofen Chang
Coldwell Banker
List Price
$899,000
Sold Price
$899,000
Current Estimated Value
$1,105,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,622
Avg. Annual Appreciation
4.26%
Original Mortgage
$719,200
Outstanding Balance
$639,159
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$476,658

Purchase Details

Closed on
Jun 6, 2002
Sold by
Marranca Joseph and Marranca Theresa
Bought by
Marranca Joseph S and Marranca Theresa L

Purchase Details

Closed on
Feb 6, 2002
Sold by
Lutz Eva Marie
Bought by
Lutz Eva Marie and Lutz George L
Source: Public Records

Range of Values:

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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
Ni Xin $899,000 Lawyers Title Company
Marranca Joseph S -- --
Lutz Eva Marie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ni Xin $719,200
Previous Owner Marranca Joseph $143,500
Previous Owner Marranca Joseph $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2020 07/16/20 Sold $899,000 0.0% $375 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $899,000 -- $375 / Sq Ft
Source: San Diego MLS

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 $12,090 $973,104 $680,848 $292,256
2024 $12,090 $954,025 $667,499 $286,526
2023 $11,991 $935,319 $654,411 $280,908
2022 $11,424 $916,980 $641,580 $275,400
2021 $11,305 $899,000 $629,000 $270,000
2020 $2,927 $166,880 $82,821 $84,059
2019 $2,860 $163,609 $81,198 $82,411
2018 $2,775 $160,402 $79,606 $80,796
2016 $2,574 $154,175 $76,516 $77,659
2015 $2,541 $151,860 $75,367 $76,493
2014 $2,534 $148,886 $73,891 $74,995
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    James Philipps

    Alta Realty Group CA, Inc.

    (619) 726-2140

    23 Total Sales

    James Philipps
    Section Image
  • Kofen Chang

    Buyer's Agent in 2020

    Kofen Chang

    Coldwell Banker

    (310) 916-9081

    35 Total Sales

    Kofen Chang
    Section Image
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Map

Source: San Diego MLS

MLS Number: 200023393

San Diego MLS

APN: 5352-021-001

California Los Angeles County Alhambra 91803

2812 W Hellman Ave, Alhambra, CA

This home is located at 2812 W Hellman Ave, Alhambra, CA 91803 since 22 May 2020 and is currently estimated at $1,105,622, approximately $460 per square foot. This property was built in 1946. 2812 W Hellman Ave is a home located in Los Angeles County with nearby schools including Fremont Elementary School, Alhambra High School, and KIPP Sol Academy.

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