NOT LISTED FOR SALE

322 N Alhambra Ave Monterey Park, CA 91755

Estimated Value: $1,855,441 - $2,038,000

9 Beds
6 Baths
4,453 Sq Ft
$434/Sq Ft Est. Value

Last Sold August 12, 2016

Last sale price $1,150,000 $258 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $11,725/month

11 Days on Market

Highlights

  • In Ground Pool
  • Monterey Vista Elementary School Rated A-
  • Back Yard

About This Home

As of August 2016

Great opportunity to live in one and rent the other. Unit 1 2 bed 1 bath, unit 2 3 bed 2 bath, unit 3 4 bed 3 bath, with swimming pool in back yard. Close to all shopping locations, Walking distance away from mark keppel Highschool, easy freeway access.

Last Agent to Sell the Property

Jason Tuey

KIM TUEY, REAL ESTATE BROKER License #01932050 Listed on: 05/14/2016

Last Buyer's Agent

Jason Tuey

KIM TUEY, REAL ESTATE BROKER License #01932050 Listed on: 05/14/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,266

Year Built

  • Built in 1979

Lot Details

  • 9,431 Sq Ft Lot
  • Two or More Common Walls
  • Back Yard

Parking

  • 6 Car Garage

Home Design

  • 4,453 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 1179
  • Assessor Parcel Number 5258001054

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,929
  • Water Sewer Expense $3,780
  • New Taxes Expense $8,369
  • Gross Income $4,900
  • Net Operating Income $44,722

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,266

Year Built

Built in 1979

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3780.00
  • Property Type: Residential Income
  • Parcel Number: 5258001054
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 258.25

Exterior Features

  • Pool Features: In Ground

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9431.00
  • Price Per Lot Square Foot: 121.94

Multi Family

  • Gross Income: 4900.00
  • Gross Scheduled Income: 58800.00
  • Insurance Expense: 1929.00
  • Net Operating Income: 44722.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 14078.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8369.00
  • Tax Lot: 7
  • Tax Tract Number: 1179

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2016
Closed on
Aug 4, 2016
Sold by
Okubo Tracey Y
Bought by
Lifrak Michael and Lifrak Iris
Seller's Agent
Jason Tuey
KIM TUEY, REAL ESTATE BROKER
Buyer's Agent
Jason Tuey
KIM TUEY, REAL ESTATE BROKER
List Price
$1,100,000
Sold Price
$1,150,000
Premium/Discount to List
$50,000
4.55%
Current Estimated Value
$1,932,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$782,110
Avg. Annual Appreciation
5.74%

Purchase Details

Closed on
Apr 7, 2016
Sold by
Okubo Tracey Y
Bought by
Okubo Tracey Y and Tracey Y Okubo Trust

Purchase Details

Closed on
May 20, 2010
Sold by
Okubo Alice S and Okubo Todd Tetsuo
Bought by
Okubo Alice S and Okubo Todd Tetsuo

Purchase Details

Closed on
Jan 20, 2010
Sold by
Okubo Tracey Y
Bought by
Okubo Tracey Y and Tracey Y Okubo Trust

Purchase Details

Closed on
Apr 8, 2003
Sold by
Okubo Tracey Y and Okubo Tadao
Bought by
Okubo Tadao

Purchase Details

Closed on
Dec 10, 2002
Sold by
Okubo Tadao and Okubo Alice
Bought by
Okubo Tracey Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.03%

Purchase Details

Closed on
Apr 14, 1994
Sold by
Okubo Tadao and Okubo Alice S
Bought by
Okubo Tadao
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lifrak Michael $1,150,000 Title 365
Okubo Tracey Y -- Accommodation
Okubo Tracey Y -- Accommodation
Okubo Alice S -- None Available
Okubo Tracey Y -- None Available
Okubo Tadao -- --
Okubo Tracey Y -- Southland Title Company
Okubo Tadao -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Okubo Tracey Y $265,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2016 08/12/16 Sold $1,150,000 +4.5% $258 / Sq Ft
05/25/2016 05/25/16 Pending -- -- --
05/14/2016 05/14/16 For Sale $1,100,000 -- $247 / 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 $18,266 $1,334,668 $696,348 $638,320
2024 $18,266 $1,308,499 $682,695 $625,804
2023 $17,664 $1,282,843 $669,309 $613,534
2022 $16,867 $1,257,690 $656,186 $601,504
2021 $16,781 $1,233,030 $643,320 $589,710
2019 $16,156 $1,196,460 $624,240 $572,220
2018 $16,011 $1,173,000 $612,000 $561,000
2016 $8,586 $631,863 $253,938 $377,925
2015 $8,421 $622,373 $250,124 $372,249
2014 $8,319 $610,183 $245,225 $364,958
Source: Public Records

Agents Affiliated with this Home

  • Jason Tuey

    Seller's Agent in 2016

    Jason Tuey

    KIM TUEY, REAL ESTATE BROKER

    (714) 906-4930

    10 Total Sales

    Jason Tuey
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS16103126

California Regional Multiple Listing Service (CRMLS)

APN: 5258-001-054

California Los Angeles County Monterey Park 91755

322 N Alhambra Ave, Monterey Park, CA

Not Listed for Sale

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