Seller's Agent in 2014
Rhea Bai
RE/MAX
(626) 589-7958
128 Total Sales
313 W Ramona Rd Alhambra, CA 91803
Ramona Park NeighborhoodEstimated Value: $1,416,000 - $1,705,000
10
Beds
5
Baths
5,277
Sq Ft
$289/Sq Ft
Est. Value
About This Home
As of August 2014Absolutely Diamond in the Rough! This is a great opportunity for investors or handy buyers to own this 3 units property. It contains total two buildings. The main house is a classic cottage-style craftsman bungalow with 2 levels. Huge living room and dining room on 1st floor, and each room is very specious too. Owner occupies the 1st floor, estimate monthly rent at lease could be $1600 for the first floor ; 2nd floor with it's own entrance, the tenant pays $900 per month now. This building is an old charming but needs some cosmetic repairs and updating throughout; the 2nd building is 2 units which was been built in 1978 with alley access, each unit has 2 car garage with fair condition inside, one unit rents for $1350 and the other one rents for $1450 now. extra space for laundry & permitted recreation room along with 2nd building. Total living is 5277sqft on assessor data.
It has tons of potential in the nice Alhambra neighborhood. Convenient location easy access to freeways and down town LA, walking distance to markets, restaurants, and bus stations. Alhambra school district. Substantial upside rental income potential. The possibilities of this property are endless for the right buyer. A truly great deal. Offer subject to inspection, motivated seller.
Last Agent to Sell the Property
RE/MAX PREMIER/ARCADIA License #01360246 Listed on: 07/01/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,545
Lot Details
- 8,375 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- 2 Carport Spaces
Interior Spaces
- 5,277 Sq Ft Home
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Bathrooms
Utilities
- Sewer Applied For Permit
Listing and Financial Details
- Tax Lot 3,4
- Tax Tract Number 4816
- Assessor Parcel Number 5357025002
Community Details
Overview
- 2 Buildings
- 3 Units
- Valley
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Gardener Expense $600
- Insurance Expense $1,800
- Trash Expense $480
- Water Sewer Expense $2,400
- New Taxes Expense $10,000
- Gross Income $5,300
- Net Operating Income $45,920
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 2, 2015
Sold by
Shi Mingyi
Bought by
Shi Mingyi and Chan Lily S
Current Estimated Value
Purchase Details
Listed on
Jul 1, 2014
Closed on
Aug 8, 2014
Sold by
Morales Bicente C and Bicente C Morales Revocable Li
Bought by
Shi Mingyi
Seller's Agent
Rhea Bai
RE/MAX PREMIER/ARCADIA
Buyer's Agent
Crystal Zheng
KW Executive
List Price
$799,000
Sold Price
$820,000
Premium/Discount to List
$21,000
2.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.51%
Original Mortgage
$250,000
Outstanding Balance
$191,802
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,289,496
Purchase Details
Closed on
Aug 18, 2001
Sold by
Morales Bicente C
Bought by
Morales Bicente C and Bicente C Morales Revocable Li
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shi Mingyi | -- | None Available | |
| Shi Mingyi | $812,000 | Pacific Coast Title Company | |
| Morales Bicente C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shi Mingyi | $250,000 | |
| Previous Owner | Morales Bicente C | $300,000 | |
| Previous Owner | Morales Bicente C | $200,000 | |
| Previous Owner | Morales Bicente C | $111,000 | |
| Previous Owner | Morales Bicente C | $110,000 | |
| Previous Owner | Morales Bicente C | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2014 08/22/14 | Sold | $820,000 | +2.6% | $155 / Sq Ft |
| 08/04/2014 08/04/14 | Pending | -- | -- | -- |
| 07/01/2014 07/01/14 | For Sale | $799,000 | -- | $151 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $12,545 | $975,895 | $519,196 | $456,699 |
| 2024 | $12,545 | $956,761 | $509,016 | $447,745 |
| 2023 | $12,491 | $938,002 | $499,036 | $438,966 |
| 2022 | $11,969 | $919,610 | $489,251 | $430,359 |
| 2021 | $11,777 | $901,579 | $479,658 | $421,921 |
| 2019 | $11,379 | $874,839 | $465,432 | $409,407 |
| 2018 | $11,365 | $857,686 | $456,306 | $401,380 |
| 2016 | $10,446 | $824,383 | $438,588 | $385,795 |
| 2015 | $10,294 | $812,000 | $432,000 | $380,000 |
| 2014 | $4,373 | $286,647 | $38,975 | $247,672 |
Source: Public Records
Agents Affiliated with this Home
-
Rhea Bai
-
Crystal Zheng
Buyer's Agent in 2014
Crystal Zheng
KW Executive
(626) 445-6660
59 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS14138285
APN: 5357-025-002
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