NOT LISTED FOR SALE

Estimated Value: $1,618,000

20 Beds
18 Baths
12,713 Sq Ft
$127/Sq Ft Est. Value

Sale Details

Date Sold: May 7, 2021

Last sale price $3,500,000 $275 Per Sq Ft

Current estimated payment $10,748 / mo

10 Days on Market

About This Home

As of May 2021

We are pleased to exclusively offer for sale this 14 unit multi-family investment in the city of Baldwin Park. The subject property is comprised of 2 contiguous parcels (3045 Big Dalton & 3055 Big Dalton). The unit mix consists of 8(2Bed/1.5Bath) two-story townhouses, and 6(2Bed/1Bath) two-story townhouses. The total lot size for both parcels is 49,688 (over 1 acre of land!) Tenants enjoy onsite garage & open space parking, private backyards, and plenty of open space. The rental units are separately metered for electricity and gas, while the owner pays for water and trash. Given the size of the double lots, an investor may also look to add additional living space for increased cash-flow (buyer to confirm with proper city authorities with respect to any potential development.) Buyer and Buyer's agent to be aware that the city of Baldwin Park has its own individual rent control ordinance.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 04/13/2021

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 04/13/2021

RE/MAX 2000 REALTY

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 1.14 Acre Lot
  • No Units Above
  • 1 Common Wall
  • Density is 11-15 Units/Acre
  • 8460-005-017

Parking

  • 10 Open Parking Spaces
  • 12 Car Garage
  • 1 Carport Space

Home Design

  • 12,713 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 18 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Tax Tract Number 16
  • Assessor Parcel Number 8460005016

Community Details

Overview

  • 4 Buildings
  • 14 Units

Building Details

  • 13 Leased Units
  • Rent Control
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $552
  • Insurance Expense $4,506
  • Maintenance Expense $9,501
  • Other Expense $2,100
  • Trash Expense $8,850
  • Water Sewer Expense $4,537
  • New Taxes Expense $33,808
  • Operating Expense $63,854
  • Gross Income $195,900
  • Net Operating Income $126,169

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

1.14 Acres

Parking

12

Listing Details

  • CapRate: 4.63
  • Property Attached: Yes
  • Water Sewer Expenses: 4537.00
  • Zoning: BPR3*
  • Property Type: Residential Income
  • Parcel Number: 8460005016
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above
  • Levels: Two
  • Price Per Square Foot: 275.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 12.00
  • Total Parking Spaces: 23.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 8850.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 8460-005-017
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Lot Over 40000 Sqft
  • Lot Size Sq Ft: 49688.00
  • Lot Size Acres: 1.1407

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 552.00
  • Gross Income: 195900.00
  • Gross Multiplier: 13.90
  • Gross Operating Income: 190023.00
  • Gross Scheduled Income: 195900.00
  • Insurance Expense: 4506.00
  • Lot Size Area: 49688.0000 Square Feet
  • Maintenance Expense: 9501.00
  • Net Operating Income: 126169.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 13
  • Number Of Units Total: 14
  • Operating Expense: 63854.00
  • Other Expense: 2100.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 16325.00
  • Total Expenses: 63854.00

Tax Info

  • New Taxes Expense: 33808.00
  • Tax Census Tract: 4048.02
  • Tax Lot: 20
  • Tax Tract Number: 016

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2018
Sold by
Leung Jason Kai Ming and Leung Stephen Kin Wah
Bought by
Current Estimated Value
$1,618,000

Purchase Details

Closed on
Jan 26, 2001
Sold by
Leung Lisa F
Bought by
Leung Lisa F and The Lisa Leung Living Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Leung Lisa F -- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/07/2021 05/07/21 Sold $3,500,000 0.0% $275 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
04/22/2021 04/22/21 Off Market $3,500,000 -- --
04/15/2021 04/15/21 Price Changed $2,725,000 +2.8% $214 / Sq Ft
04/13/2021 04/13/21 For Sale $2,650,000 -- $208 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $22,371 $1,656,118 $772,855 $883,263
2025 $22,371 $1,623,646 $757,701 $865,945
2024 $21,114 $1,591,811 $742,845 $848,966
2023 $20,909 $1,560,600 $728,280 $832,320
2022 $20,971 $1,530,000 $714,000 $816,000
2021 $12,617 $846,418 $231,140 $615,278
2020 $12,588 $837,740 $228,770 $608,970
2019 $11,882 $821,315 $224,285 $597,030
2018 $11,153 $805,212 $219,888 $585,324
2016 $10,508 $773,947 $211,350 $562,597
2015 $10,776 $762,323 $208,176 $554,147
2014 $10,650 $747,392 $204,099 $543,293
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21077072

California Regional Multiple Listing Service (CRMLS)

APN: 8460-005-016

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