NOT LISTED FOR SALE

315 N Monterey St Alhambra, CA 91801

Estimated Value: $1,471,000 - $3,981,582

12 Beds
9 Baths
6,450 Sq Ft
$343/Sq Ft Est. Value

Last Sold December 21, 2017

Last sale price $2,750,000 $426 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $12,886/month

122 Days on Market

Highlights

  • Filtered Pool
  • Primary Bedroom Suite
  • Wood Flooring
  • Garfield Elementary School Rated A-
  • Property is near a park
  • 5-minute walk to Story Park

About This Home

As of December 2017

Rare Investor/Developer Opportunity in fantastic location in North Alhambra! Unique listing for 3 adjacent parcels in a great neighborhood with huge potential.

The address for the three individual lots (to be sold and packaged together) are:
305, 309, 315 N Monterey St., Alhambra CA 91801
The total lot size is 22,500 sqft (Total Dimensions are 150' x 150').

According to City planning, the City states all 3 lots are zoned R3 and up to 15 units can be built with subterranean parking. (Buyer to Verify)

There are currently 5 units total on the property. 315 is a SFR and 305 and 309 are both duplexes. 305, 305 1/2, 309, and 311 are currently collecting $5624/month in rent (month to month contracts). 315 was completely remodeled in 2003 and is 2,643 sqft and should rent for around $3600. The buyer can collect around $9200 every month until the land is entitled and permits are obtained. All Rental agreements can be supplied upon request.

The lots are walking distance to Downtown Alhambra with all the wonderful shops and restaurants along Main St, including Edwards Renaissance Movie Theater, Starbucks, Coldstones, Boiling Crab, etc. It is also walking distance to Story Park. Highly desirable location and huge demand for additional housing in this area.

Submit your offers today. This one will not last.

Last Agent to Sell the Property

Fleming Chu

eXp Realty of Greater LA, Inc. License #01969750 Listed on: 06/08/2017

eXp Realty of Greater LA, Inc.

Last Buyer's Agent

Linda Yang

IRN Realty License #01911223

IRN Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,060

Year Built

  • Built in 1923

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 150' x 150'
  • Level Lot
  • Density is 11-15 Units/Acre
  • 5337006020, 5337006021
  • Property is zoned ALRPD*

Parking

  • 6 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Tile Roof
  • Copper Plumbing

Interior Spaces

  • 6,450 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Formal Entry
  • Family Room
  • Living Room

Kitchen

  • Built-In Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Pool

  • Filtered Pool
  • In Ground Pool

Outdoor Features

  • Balcony
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Customized Wheelchair Accessible
  • Property is near a park

Listing and Financial Details

  • Tax Lot 4803
  • Tax Tract Number 19
  • Assessor Parcel Number 5337006019

Community Details

Overview

  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,060

Year Built

Built in 1923

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3200.00
  • Zoning: ALRPD*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Gardener Expense: 2880.00
  • Parcel Number: 5337006019
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Copper Plumbing Full, Crown Molding
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Accessibility Features: Customized Wheelchair Accessible
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 426.36
  • Room Type: Family Room, Formal Entry, Foyer, Kitchen, Laundry, Living Room, Main Floor Master Bedroom, Master Suite, Two Masters, Walk-In Closet

Exterior Features

  • Pool Expense: 600.00
  • Pool Features: Private, In Ground, Filtered
  • Pool Private: Yes
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range, Dishwasher, Disposal
  • Heating Type: Central
  • Laundry Features: In Garage, In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5337006020, 5337006021
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Lot 20000-39999 Sqft, Level, Park Nearby
  • Lot Size: 150' x 150'
  • Lot Size Sq Ft: 22500.00

Multi Family

  • Gross Income: 5644.00
  • Gross Scheduled Income: 67728.00
  • Insurance Expense: 1900.00
  • Net Operating Income: 61548.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 9480.00
  • Rent Control: No
  • Total Expenses: 9480.00

Tax Info

  • Tax Census Tract: 4803.02
  • Tax Lot: 4803
  • Tax Tract Number: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2017
Closed on
Nov 22, 2017
Sold by
Neil Robert E O
Bought by
7 Sunrise Monterey Llc
Seller's Agent
Fleming Chu
eXp Realty of Greater LA, Inc.
Buyer's Agent
Linda Yang
IRN Realty
List Price
$2,888,000
Sold Price
$2,750,000
Premium/Discount to List
-$138,000
-4.78%
Current Estimated Value
$2,214,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$535,604
Avg. Annual Appreciation
0.67%

Purchase Details

Closed on
Sep 1, 2007
Sold by
Chang Ruby S
Bought by
Oneil Robert E and Chang Ruby S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.67%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
7 Sunrise Monterey Llc $2,750,000 Fatcola
Oneil Robert E -- Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oneil Robert E $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2017 12/21/17 Sold $2,750,000 -5.2% $426 / Sq Ft
10/08/2017 10/08/17 Pending -- -- --
09/18/2017 09/18/17 Price Changed $2,900,000 +0.4% $450 / Sq Ft
06/08/2017 06/08/17 For Sale $2,888,000 -- $448 / 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 $13,060 $1,080,933 $1,024,044 $56,889
2024 $13,060 $1,059,739 $1,003,965 $55,774
2023 $12,861 $1,038,961 $984,280 $54,681
2022 $12,232 $1,018,590 $964,981 $53,609
2021 $12,100 $998,618 $946,060 $52,558
2019 $11,666 $969,000 $918,000 $51,000
2018 $11,652 $950,000 $900,000 $50,000
2017 $4,763 $361,019 $114,379 $246,640
2016 $4,429 $353,941 $112,137 $241,804
2015 $4,364 $348,625 $110,453 $238,172
2014 $4,313 $341,797 $108,290 $233,507
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17129633

California Regional Multiple Listing Service (CRMLS)

APN: 5337-006-019