309 N Palm Ave Alhambra, CA 91801
5
Beds
4
Baths
4,396
Sq Ft
7,604
Sq Ft Lot
Highlights
- Property is near a park
- Wood Flooring
- High Ceiling
- Park Elementary School Rated A-
- Park or Greenbelt View
- Granite Countertops
About This Home
As of November 2024Great potential investment in this stunning 4-unit Spanish Revival property located in one of the premier locations in north Alhambra directly across from Alhambra Park and north of Main Street! All 4 units have views of Alhambra Park and its manicured greenbelt. With almost 4,400 square feet of living space, each unit averages about 1100 square feet. Beautiful high-arched ceilings in the upstairs units make it feel even more expansive. The building mix is (1) 2 bedroom 1 bath unit and (3) 1 bedroom one bath units. Each unit boasts a large living room, separate formal dining room, spacious bedrooms, updated bathrooms, and kitchens with either granite or tile. Each unit has its own private laundry room with washer and dryer hookups. There are 5 separate garages on the property and convenient off-site parking as well. The building also has a new roof! As a bonus, the adjacent public park offers extensive walking paths, a swimming pool, basketball and tennis courts. It's also easy to keep 100% rented!The hallmarks of this wonderful property are it's expansive living space at almost 4,400 square ft and it's excellent north Alhambra location. right across from Alhambra Park. Additionally, 3 units could be reconfigured from 1 to 2 bedrooms for future additional rent potential.
Last Agent to Sell the Property
M&M Bryant Real Estate Inc Brokerage Phone: (626) 695-7807 License #01302873 Listed on: 03/14/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,255
Year Built
- Built in 1931
Lot Details
- 7,604 Sq Ft Lot
- Two or More Common Walls
- East Facing Home
- Fenced
- Landscaped
- Level Lot
- Front Yard
Parking
- 5 Car Garage
- Parking Available
- Single Garage Door
- Assigned Parking
Home Design
- Quadruplex
- Spanish Tile Roof
Interior Spaces
- 4,396 Sq Ft Home
- 2-Story Property
- High Ceiling
- Ceiling Fan
- Living Room
- Park or Greenbelt Views
- Laundry Room
Kitchen
- Free-Standing Range
- Granite Countertops
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Location
- Property is near a park
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV, telephone, gas, electricity
- Tax Lot 008
- Assessor Parcel Number 5339016008
Community Details
Overview
- 2 Buildings
- 4 Units
- Alhambra Park
Recreation
- Park
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,320
- Insurance Expense $2,288
- Maintenance Expense $2,500
- Trash Expense $1,932
- Water Sewer Expense $1,982
- New Taxes Expense $17,545
- Operating Expense $27,567
- Gross Income $86,628
- Net Operating Income $56,462
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 14, 2024
Closed on
Oct 30, 2024
Sold by
Huynh Cary
Bought by
Nguyen Tuyen
Seller's Agent
Matthew Bryant
M&M Bryant Real Estate Inc
Buyer's Agent
Ngoc Lieu
One Stop Realty and Financial
List Price
$1,468,000
Sold Price
$1,320,000
Premium/Discount to List
-$148,000
-10.08%
Views
105
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,168
Avg. Annual Appreciation
2.80%
Original Mortgage
$350,000
Outstanding Balance
$346,872
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$1,002,590
Purchase Details
Listed on
Mar 14, 2024
Closed on
Oct 24, 2024
Sold by
Pistek Brian P and Barr Brenda J
Bought by
Nguyen Tuyen
Seller's Agent
Matthew Bryant
M&M Bryant Real Estate Inc
Buyer's Agent
Ngoc Lieu
One Stop Realty and Financial
List Price
$1,468,000
Sold Price
$1,320,000
Premium/Discount to List
-$148,000
-10.08%
Views
105
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$346,872
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$1,002,590
Purchase Details
Closed on
Jan 28, 2017
Sold by
Barr Brenda J and Pistek Brian P
Bought by
Pistek Brian P and Barr Brenda J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 30, 2013
Sold by
Pistek Brian P
Bought by
Barr Brenda J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,000
Interest Rate
3.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 19, 1999
Sold by
Yue Lydia
Bought by
Barr Brenda J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
7.72%
Mortgage Type
Balloon
Similar Homes in Alhambra, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Lawyers Title | |
| Grant Deed | $1,320,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | Title 365 | |
| Interfamily Deed Transfer | -- | Title365 Company | |
| Grant Deed | $340,000 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $350,000 | New Conventional | |
| Previous Owner | $530,000 | New Conventional | |
| Previous Owner | $341,000 | New Conventional | |
| Previous Owner | $388,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $302,500 | Unknown | |
| Previous Owner | $292,800 | Unknown | |
| Previous Owner | $255,000 | Balloon |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/19/2024 11/19/24 | Sold | $1,320,000 | -5.6% | $300 / Sq Ft |
| 10/09/2024 10/09/24 | Price Changed | $1,398,000 | -3.6% | $318 / Sq Ft |
| 10/03/2024 10/03/24 | Price Changed | $1,450,000 | -1.2% | $330 / Sq Ft |
| 10/01/2024 10/01/24 | For Sale | $1,468,000 | +11.2% | $334 / Sq Ft |
| 09/30/2024 09/30/24 | Off Market | $1,320,000 | -- | -- |
| 09/07/2024 09/07/24 | Price Changed | $1,468,000 | -2.0% | $334 / Sq Ft |
| 06/18/2024 06/18/24 | Price Changed | $1,498,000 | -6.3% | $341 / Sq Ft |
| 05/17/2024 05/17/24 | Price Changed | $1,598,000 | -3.2% | $364 / Sq Ft |
| 04/25/2024 04/25/24 | Price Changed | $1,650,000 | -5.7% | $375 / Sq Ft |
| 04/16/2024 04/16/24 | Price Changed | $1,750,000 | -2.8% | $398 / Sq Ft |
| 03/13/2024 03/13/24 | For Sale | $1,800,000 | -- | $409 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
Tax History Compared to Growth
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 | $7,255 | $1,320,000 | $530,000 | $790,000 |
| 2024 | $7,255 | $512,308 | $384,235 | $128,073 |
| 2023 | $7,307 | $502,263 | $376,701 | $125,562 |
| 2022 | $6,998 | $492,415 | $369,315 | $123,100 |
| 2021 | $6,910 | $482,761 | $362,074 | $120,687 |
| 2019 | $6,692 | $468,444 | $351,336 | $117,108 |
| 2018 | $6,632 | $459,260 | $344,448 | $114,812 |
| 2016 | $6,109 | $441,428 | $331,074 | $110,354 |
| 2015 | $6,025 | $434,798 | $326,101 | $108,697 |
| 2014 | $5,974 | $426,282 | $319,714 | $106,568 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Bryant
Seller's Agent in 2024
Matthew Bryant
M&M Bryant Real Estate Inc
(626) 441-3141
50 Total Sales
-
Ngoc Lieu
N
Buyer's Agent in 2024
Ngoc Lieu
One Stop Realty and Financial
(626) 377-3313
2 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-16860
APN: 5339-016-008
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