NOT LISTED FOR SALE

305 N 2nd St Unit B Alhambra, CA 91801

Estimated Value: $1,504,000 - $1,896,264

8 Beds
4 Baths
3,392 Sq Ft
$507/Sq Ft Est. Value

Last Sold May 26, 2017

Last sale price $1,280,000 $377 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $10,646/month

20 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Rectangular Lot
  • Garfield Elementary School Rated A-
  • Central Heating
  • Chain Link Fence

About This Home

As of May 2017

Both buildings were completely renovated with all new bathrooms, kitchens, windows, carpet/flooring etc. Driveway was newly sealed for extra life. Both buildings were earthquake retrofitted for seismic protection. All units have laundry hookups. Located in the high demand rental area, one block north of Main Street. Walking distance to shop, restaurants, bus, supermarkets etc. Arizona style landscaping, no irrigation water needed, no weekly gardening service needed. Square footage of both buildings were recently corrected by the assessor office but not yet reflected at the public record. Click picture to see County paperwork or call listing agent. One of the sellers is a Calif Real Estate Licensee.

Last Agent to Sell the Property

SID CHAN

NORTH STAR EQUITY License #00908155 Listed on: 03/28/2017

Last Buyer's Agent

Tu Phung

IRN REALTY License #00909150

IRN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,308

Year Built

  • Built in 1921

Lot Details

  • 7,800 Sq Ft Lot
  • Two or More Common Walls
  • Northeast Facing Home
  • Chain Link Fence
  • Rectangular Lot
  • Level Lot

Parking

  • 7 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Composition Roof
  • Seismic Tie Down
  • Stucco

Interior Spaces

  • 3,392 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 5337014010

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $975
  • Water Sewer Expense $975
  • New Taxes Expense $1
  • Operating Expense $1
  • Net Operating Income $47,670

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,308

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 975.00
  • Zoning: ALRPD*
  • Property Type: Residential Income
  • Parcel Number: 5337014010
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 377.36

Exterior Features

  • Direction Faces: Northeast
  • Foundation: Seismic Tie Down
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 975.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level
  • Lot Size Sq Ft: 7800.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 68100.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 47670.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 20430.00
  • Rent Control: No
  • Total Expenses: 1.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Census Tract: 4803.04
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2022
Sold by
Xue Xiu Zhao Family Trust
Bought by
Zhang Dabin and Zhao Xue Xlu
Current Estimated Value
$1,718,566

Purchase Details

Listed on
Mar 28, 2017
Closed on
Apr 21, 2017
Sold by
Wong Sik Ho and Chan Sidney
Bought by
Wong Sik Ho and Chan Sidney
Seller's Agent
SID CHAN
NORTH STAR EQUITY
Buyer's Agent
Tu Phung
IRN REALTY
List Price
$1,299,500
Sold Price
$1,280,000
Premium/Discount to List
-$19,500
-1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.13%

Purchase Details

Listed on
Jun 2, 2014
Closed on
Jun 27, 2014
Sold by
Tuma Judith Jeanette and Estate Of Alen C Bollin
Bought by
Redwood Farm Trust
Seller's Agent
Bill Lee
eXp Realty of California Inc
Buyer's Agent
SID CHAN
NORTH STAR EQUITY
List Price
$700,000
Sold Price
$730,500
Premium/Discount to List
$30,500
4.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.67%
Source: Public Records

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Range of Values:

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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
Zhang Dabin -- Provident Title
Wong Sik Ho -- Provident Title Company
Zhao Xue Xiu $1,280,000 Provident Title Company
Redwood Farm Trust $730,500 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhao Xue Xiu $765,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2017 05/26/17 Sold $1,280,000 -1.5% $377 / Sq Ft
04/17/2017 04/17/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $1,299,500 +77.9% $383 / Sq Ft
07/16/2014 07/16/14 Sold $730,500 +4.4% $285 / Sq Ft
06/30/2014 06/30/14 Pending -- -- --
06/02/2014 06/02/14 For Sale $700,000 -- $273 / 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
2024 $18,308 $1,456,417 $910,262 $546,155
2023 $18,133 $1,427,861 $892,414 $535,447
2022 $17,269 $1,399,865 $874,916 $524,949
2021 $17,089 $1,372,417 $857,761 $514,656
2019 $16,491 $1,331,712 $832,320 $499,392
2018 $16,503 $1,305,600 $816,000 $489,600
2016 $9,397 $741,639 $436,557 $305,082
2015 $9,260 $730,500 $430,000 $300,500
2014 $1,817 $70,157 $47,577 $22,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17064458

California Regional Multiple Listing Service (CRMLS)

APN: 5337-014-010