NOT LISTED FOR SALE
16 Beds
14 Baths
15,752 Sq Ft
18,687 Sq Ft Lot

Last Sold November 14, 2014

Last sale price $4,028,000 $256 Per Sq Ft

10 Days on Market

About This Home

As of November 2014

RARE FIND 14-UNITS OPPORTUNITY IN NORTH ALHAMBRA. SIDE-BY-SIDE 2 BUILDINGS BUILT IN 1986. LOCATED IN A VERY DESIRABLE AREA WITH HIGH RENTAL DEMANDS. #312 & #318 ARE SELLING TOGETHER FOR $3,998,000. 7 UNITS IN EACH BUILDING. #312 IS 7876 SQFT ON A 9347 SQFT LOT, WHICH HAS ONE 4 BD/2.75 BA & SIX 2 BD+DEN/2 BA UNITS, CURRENT TOTAL MONTHLY INCOME IS $9990. #318 IS 7876 SQFT ON A 9336 SQFT LOT, WHICH HAS ONE 4 BD/2.5 BA AND SIX 2 BD+DEN/2 BA UNITS, CURRENT TOTAL MONTHLY INCOME IS $10,060 INCLUDING LAUNDRY. PLEASE NOTE THAT CERRENT INCOME ARE BELOW MARKET VALUE. OWNER HAS NOT INCREASED RENTS FOR SEVERAL YEARS. MOST OF THE UNITS ARE ON MONTH-TO-MONTH. ALL UNITS HAVE THEIR OWN 2-CAR GARAGES. VERY CONVENIENT LOCACTION; CLOSE TO MANY RESTAURANTS, SHOPPING PLAZAS, GROCERY STORES, EDWARDS MOVIE THEATER, COSTCO & HOME DEPOT...ETC. A RARE FIND OPPORTUNITY FOR INVESTORS! ONLY $254 PER SQFT WITH ASKING PRICE!

Last Agent to Sell the Property

Jackie Wang-Dojiri

Estate Properties License #01097324 Listed on: 09/06/2014

Estate Properties

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.43 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 28 Car Garage
  • 1 Carport Space
  • Parking Available
  • Garage Door Opener
  • Assigned Parking

Home Design

  • 15,752 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 14 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 1872
  • Assessor Parcel Number 5337014019

Community Details

Overview

  • 2 Buildings
  • 14 Units

Building Details

  • 14 Leased Units
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,248
  • Gardener Expense $1,200
  • Insurance Expense $4,198
  • Maintenance Expense $3,750
  • Pest Control $400
  • Water Sewer Expense $11,877
  • New Taxes Expense $47,976
  • Gross Income $20,050
  • Net Operating Income $169,687

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0.43 Acres

Parking

28

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 11877.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5337014019
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 255.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 28.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Door Opener
  • Total Parking Spaces: 31.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 18683.00
  • Lot Size Acres: 0.4290

Multi Family

  • Average2 Bed Area: 990
  • Electric Expense: 1248.00
  • Gross Income: 20050.00
  • Gross Scheduled Income: 240600.00
  • Insurance Expense: 4198.00
  • Lot Size Area: 18683.0000 Square Feet
  • Maintenance Expense: 3750.00
  • Net Operating Income: 169687.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 70913.00
  • Rent Control: No
  • Total Actual Rent: 20050.00

Tax Info

  • New Taxes Expense: 47976.00
  • Tax Lot: 34
  • Tax Tract Number: 1872
  • Tax Year: 2013
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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
11/14/2014 11/14/14 Sold $4,028,000 +0.8% $256 / Sq Ft
09/16/2014 09/16/14 Pending -- -- --
09/06/2014 09/06/14 For Sale $3,998,000 -- $254 / 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 $31,143 $2,420,517 $725,912 $1,694,605
2024 $30,258 $2,373,057 $711,679 $1,661,378
2023 $29,996 $2,326,527 $697,725 $1,628,802
2022 $28,586 $2,859,202 $2,001,442 $857,760
2021 $34,769 $2,803,141 $1,962,199 $840,942
2020 $20,522 $2,213,259 $663,757 $1,549,502
2019 $27,299 $2,169,863 $650,743 $1,519,120
2018 $27,431 $2,127,318 $637,984 $1,489,334
2016 $25,193 $2,044,713 $613,211 $1,431,502
2015 $24,822 $2,014,000 $604,000 $1,410,000
2014 $13,717 $1,013,961 $274,040 $739,921
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV14192530

California Regional Multiple Listing Service (CRMLS)
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