NOT LISTED FOR SALE

312 N 3rd St Alhambra, CA 91801

Downtown Alhambra Neighborhood
16 Beds
14 Baths
15,752 Sq Ft
0.43 Acres

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

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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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 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 $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

Agents Affiliated with this Home

  • N

    Buyer's Agent in 2014

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5 in this area

    6,235 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV14192530

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Alhambra 91801 Downtown Alhambra

312 N 3rd St, Alhambra, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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