NOT LISTED FOR SALE
3 Beds
9 Baths
5,400 Sq Ft
0.45 Acres

Last Sold June 08, 2022

Last sale price $2,700,000 $500 Per Sq Ft

89 Days on Market

Highlights

  • 0.45 Acre Lot
  • No HOA
  • 1-Story Property
  • San Gabriel High School Rated A-
  • No Heating

About This Home

As of June 2022

Investor and builder's dream! Rare to find prime location project in city of Alhambra. Sale included 2 buildings of 304 - 306 Chapel Ave APN# 5345014015. Building size is +/-5,400 square feet, Total ±19,792 SQFT Lot. Buyers and agents to verify square footage(lot and house) and all MLS information. Brokers and agents do not guarantee the accuracy of the square footage. Property SOLD AS IS. The 9-Unit mix consists of one 2B1.5B and eight 1B1B. There are open parking on the side. On the back of the property along with garage spaces. This property is conveniently located close to 99 Ranch Market, ALHAMBRA PLACE PLAZA and MOVIE theater, restaurants. HUGE development POTENTIALS. Buyer to satisfy with themselves for square foot, property lines and operating expenses. Drive by only. Do not interrupt tenant, Property sold as is.

Last Agent to Sell the Property

yujia zhang

UNIVERSAL ELITE REALTY License #01987834 Listed on: 02/02/2022

UNIVERSAL ELITE REALTY

Last Buyer's Agent

Elizabeth Kho

Joy Realty Inc. License #00970729

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.45 Acre Lot
  • Two or More Common Walls

Parking

  • 6 Car Garage

Home Design

  • Apartment
  • Shingle Roof

Interior Spaces

  • 3 Bedrooms
  • 5,400 Sq Ft Home
  • 1-Story Property

Location

  • Urban Location

Utilities

  • No Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 4
  • Tax Tract Number 5
  • Assessor Parcel Number 5345014015
  • $3,155 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $7,800
  • Professional Management Expense $6,000
  • Trash Expense $3,000
  • Operating Expense $16,800
  • Gross Income $115,000
  • Net Operating Income $98,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • Zoning: ALRPD*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5345014015
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 500.00

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Connected
  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19792.00
  • Lot Size Acres: 0.4544

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 115000.00
  • Gross Scheduled Income: 115000.00
  • Insurance Expense: 7800.00
  • Lot Size Area: 19792.0000 Square Feet
  • Net Operating Income: 98200.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 16800.00
  • Rent Control: No
  • Total Expenses: 16800.00

Tax Info

  • Tax Census Tract: 4810.02
  • Tax Lot: 4
  • Tax Tract Number: 5
  • TaxOtherAnnualAssessmentAmount: 3155.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/08/2022 06/08/22 Sold $2,700,000 -1.8% $500 / Sq Ft
04/21/2022 04/21/22 For Sale $2,750,000 +1.9% $509 / Sq Ft
03/29/2022 03/29/22 Off Market $2,700,000 -- --
02/05/2022 02/05/22 For Sale $2,750,000 +1.9% $509 / Sq Ft
02/04/2022 02/04/22 Off Market $2,700,000 -- --
02/04/2022 02/04/22 For Sale $2,750,000 +1.9% $509 / Sq Ft
02/03/2022 02/03/22 Off Market $2,700,000 -- --
02/02/2022 02/02/22 For Sale $2,750,000 +20.9% $509 / Sq Ft
12/10/2018 12/10/18 Sold $2,275,000 -2.2% $421 / Sq Ft View Prior Sale
11/23/2018 11/23/18 Pending -- -- --
08/02/2018 08/02/18 Price Changed $2,325,000 -7.0% $431 / Sq Ft
07/10/2018 07/10/18 For Sale $2,500,000 +31.6% $463 / Sq Ft
10/04/2017 10/04/17 Sold $1,900,000 -4.8% $352 / Sq Ft View Prior Sale
10/02/2017 10/02/17 Pending -- -- --
08/21/2017 08/21/17 For Sale $1,995,000 -- $369 / 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 $35,762 $2,700,000 $1,350,000 $1,350,000
2024 $35,762 $2,809,080 $1,976,760 $832,320
2023 $35,485 $2,754,000 $1,938,000 $816,000
2022 $30,321 $2,391,429 $1,550,487 $840,942
2021 $30,018 $2,344,539 $1,520,086 $824,453
2020 $29,877 $2,322,090 $1,504,500 $817,590
2019 $29,004 $2,276,590 $1,475,000 $801,590
2018 $25,179 $1,901,590 $1,230,000 $671,590
2016 $11,418 $775,317 $287,150 $488,167
2015 $11,266 $763,672 $282,837 $480,835
2014 $11,191 $748,714 $277,297 $471,417
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22017322

California Regional Multiple Listing Service (CRMLS)