NOT LISTED FOR SALE

3044 Charlotte Ave Rosemead, CA 91770

Estimated Value: $864,000 - $957,410

3 Beds
3 Baths
1,450 Sq Ft
$636/Sq Ft Est. Value

Last Sold August 29, 2022

Last sale price $751,000 $518 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,845/month

7 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Back and Front Yard
  • Temple (Roger W.) Intermediate School Rated A-
  • Wall Furnace
  • 2-minute walk to Zapopan Park

About This Home

As of August 2022

Two on a lot !! This is an excellent opportunity to live in one unit and rent the other in a highly sought-after Rosemead neighborhood. The front unit is approximately 950 square feet, features two bedrooms and one and a half bathrooms. The back unit features one bedroom and one bathroom and is approximately 500 square feet. The property has a rolling gate entrance and each unit has a fenced yard. Both units have laundry hook-ups, eat in kitchens and spacious living areas. The back unit has a large storage shed available for tenants use.

Last Agent to Sell the Property

Thomas Gibson

THE WRIGHT ASSOCIATED COMPANIES License #01319085 Listed on: 07/14/2022

Co-Listed By

MICHAEL MINDIOLA

MARKET MAGNATE REALTY License #01814374

Last Buyer's Agent

HUBERT TRIEU

Coldwell Banker New Century License #01146218

Coldwell Banker New Century

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,876

Year Built

  • Built in 1928

Lot Details

  • 5,337 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Home Design

  • 1,450 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Parking

  • Parking Available
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 122
  • Tax Tract Number 6677
  • Assessor Parcel Number 5288005048
  • $617 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,500
  • Trash Expense $261
  • Water Sewer Expense $835
  • Operating Expense $2,596
  • Gross Income $20,988
  • Net Operating Income $18,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,876

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Price Per Unit: 324500
  • Property Attached: No
  • Water Sewer Expenses: 835.00
  • Zoning: RMR2YY
  • Property Type: Residential Income
  • Parcel Number: 5288005048
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 517.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Carport
  • Sewer: Public Sewer
  • Trash Expense: 261.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5337.00
  • Lot Size Acres: 0.1225

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 20988.00
  • Gross Scheduled Income: 20988.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5337.0000 Square Feet
  • Net Operating Income: 18392.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2596.00
  • Rent Control: No
  • Total Actual Rent: 1749.00
  • Total Expenses: 2596.00

Tax Info

  • Tax Census Tract: 4824.01
  • Tax Lot: 122
  • Tax Tract Number: 6677
  • TaxOtherAnnualAssessmentAmount: 617.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Jul 28, 2022
Sold by
Olivas Family Trust
Bought by
Lim Alan Hong and Situ Helen Jinxia
Seller's Agent
Thomas Gibson
THE WRIGHT ASSOCIATED COMPANIES
Buyer's Agent
HUBERT TRIEU
Coldwell Banker New Century
List Price
$649,000
Sold Price
$751,000
Premium/Discount to List
$102,000
15.72%
Views
4
Current Estimated Value
$921,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,603
Avg. Annual Appreciation
7.14%
Original Mortgage
$555,000
Outstanding Balance
$531,323
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$390,280

Purchase Details

Closed on
Jan 10, 2022
Sold by
Eddie Olivas Iii and Eddie Sally V
Bought by
Olivas Family Trust

Purchase Details

Closed on
Mar 12, 2021
Sold by
Olivas Eddie
Bought by
Olivas Eddie

Purchase Details

Closed on
Feb 28, 2017
Sold by
Olivas Eddie and Olivas Eddie
Bought by
Olivas Eddie and Revocable Trust Of Eddie Oliva

Purchase Details

Closed on
Sep 26, 2016
Sold by
Olivas Eddie and Olivas Eddie
Bought by
Revocable Trust Of Eddie Olivas
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
Lim Alan Hong $751,000 Old Republic Title
Olivas Family Trust -- Taylor Simonson & Winter Llp
Olivas Eddie -- Taylor Simonson & Winter Llp
Olivas Eddie -- None Listed On Document
Olivas Eddie -- None Available
Olivas Eddie -- None Available
Revocable Trust Of Eddie Olivas -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lim Alan Hong $555,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2022 08/29/22 Sold $751,000 0.0% $518 / Sq Ft
07/22/2022 07/22/22 Pending -- -- --
07/21/2022 07/21/22 Off Market $751,000 -- --
07/14/2022 07/14/22 For Sale $649,000 -- $448 / 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 $9,876 $781,340 $677,300 $104,040
2024 $9,876 $766,020 $664,020 $102,000
2023 $9,511 $751,000 $651,000 $100,000
2022 $1,014 $32,965 $16,369 $16,596
2021 $996 $732,511 $555,698 $176,813
2020 $989 $32,230 $15,885 $16,345
2019 $973 $31,604 $15,574 $16,030
2018 $887 $30,990 $15,269 $15,721
2016 $824 $29,558 $14,677 $14,881
2015 $812 $29,115 $14,457 $14,658
2014 $817 $28,545 $14,174 $14,371
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22154206

California Regional Multiple Listing Service (CRMLS)

APN: 5288-005-048