NOT LISTED FOR SALE

3142 Gladys Ave Rosemead, CA 91770

Estimated Value: $1,819,000 - $1,893,504

10 Beds
5 Baths
3,570 Sq Ft
$520/Sq Ft Est. Value

Last Sold April 13, 2021

Last sale price $1,500,000 $420 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $11,787/month

23 Days on Market

Highlights

  • 0.3 Acre Lot
  • Temple (Roger W.) Intermediate School Rated A-
  • 1-Story Property

About This Home

As of April 2021

We are pleased to present for sale 5 units in a Desirable Rosemead Location. This is the first time the property has been offered for sale in over 56 years. The units are comprised of spacious single story 2 bedroom units, with cottage style in select units. Rents are currently well below market level and have about +/- 51% in Rental Upside potential. The property falls within 1 Mile from Monterey Park. A low-expense property that includes separate Meters for Gas & Electricity & separate Water Heaters for each unit. Plenty of On-Site Parking for a Lot Size of 13,190 Sq.Ft. ( Apprx. 73' x 174' ). Tenants enjoy the convenience of On-Site Parking, Laundry Hook-Ups in Each Unit and being within walking distance to Shops and Restaurants on Garvey Ave (nearest major cross streets of San Gabriel Blvd and Garvey Ave.).

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 02/08/2021

Remax Commercial and Investment Realty

Last Buyer's Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 02/08/2021

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,013

Year Built

  • Built in 1962

Lot Details

  • 0.3

Interior Spaces

  • 3,570 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 8 Parking Spaces
  • Carport
  • Driveway

Additional Features

  • 0.3 Acre Lot
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Assessor Parcel Number 5288-008-046

Community Details

Overview

  • 4 Buildings
  • 5 Units

Building Details

  • Vacancy Allowance $2,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,013

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3570
  • Lot Acreage: 0.3028
  • Stories: 1
  • Year Built: 1962
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Laundry: In Unit
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 447.62

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 3
  • Covered Parking: 5
  • Parking Garage: Carport, Driveway
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Percent: 73.83
  • Assessed Improvement Value: 55955
  • Assessed Land Percent: 26.17
  • Assessed Land Value: 19829
  • Total Assessed Value: 75784
  • Assessor Parcel Number: 5288-008-046
  • Lot Size Area: 13190

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 20.49
  • Number Of Units: 5
  • Total Annual Expense: 32043
  • Type Of Units: Apartment
  • Vacancy Allow: 2340
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: none

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Apr 5, 2021
Sold by
Sarreal Edgar M
Bought by
Sarreal Kimberly L
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$1,598,000
Sold Price
$1,500,000
Premium/Discount to List
-$98,000
-6.13%
Current Estimated Value
$1,856,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,252
Avg. Annual Appreciation
4.99%
Original Mortgage
$565,000
Outstanding Balance
$510,422
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$1,348,011

Purchase Details

Listed on
Feb 8, 2021
Closed on
Mar 5, 2021
Sold by
Lachberg Samuel and Lachberg Howard
Bought by
Lam Ken and Chen Tanya Hang
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$1,598,000
Sold Price
$1,500,000
Premium/Discount to List
-$98,000
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,000
Outstanding Balance
$510,422
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$1,348,011

Purchase Details

Closed on
Nov 22, 2020
Sold by
Sarreal Kimberly L and Arthur J Lachberg Trust
Bought by
Sarreal Kimberly L

Purchase Details

Closed on
Apr 29, 2002
Sold by
Lachberg Samuel and The Lachberg Family Trust
Bought by
Lachberg Samuel and Lachberg Family Trust

Purchase Details

Closed on
Sep 1, 1997
Sold by
Lachberg Family Trust and Edith
Bought by
Lachberg Edith and The Lachberg Family Trust
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Sarreal Kimberly L -- Fidelity National Title Co
Lam Ken $1,500,000 Fidelity National Title Co
Sarreal Kimberly L -- None Available
Lachberg Samuel -- --
Lachberg Edith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Ken $565,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2021 04/13/21 Sold $1,500,000 -6.1% $420 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $1,598,000 -- $448 / Sq Ft
Source: The MLS

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 $21,013 $1,623,646 $1,190,674 $432,972
2024 $21,013 $1,591,811 $1,167,328 $424,483
2023 $20,256 $1,560,600 $1,144,440 $416,160
2022 $19,320 $1,530,000 $1,122,000 $408,000
2021 $2,723 $81,252 $21,258 $59,994
2020 $2,709 $80,420 $21,041 $59,379
2019 $2,669 $78,844 $20,629 $58,215
2018 $2,469 $77,299 $20,225 $57,074
2016 $2,270 $74,299 $19,441 $54,858
2015 $2,242 $73,183 $19,149 $54,034
2014 $2,255 $71,750 $18,774 $52,976
Source: Public Records

Agents Affiliated with this Home

  • Shant Sherbetdjian

    Seller's Agent in 2021

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    2 in this area

    56 Total Sales

    Shant Sherbetdjian
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Map

Source: The MLS

MLS Number: 21-690098

The MLS

APN: 5288-008-046

California Los Angeles County Rosemead 91770

3142 Gladys Ave, Rosemead, CA

This home is located at 3142 Gladys Ave, Rosemead, CA 91770 since 08 February 2021 and is currently estimated at $1,856,252, approximately $519 per square foot. This property was built in 1962. 3142 Gladys Ave is a home located in Los Angeles County with nearby schools including Willard (Frances E.) Elementary School, Temple (Roger W.) Intermediate School, and San Gabriel High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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