NOT LISTED FOR SALE

325 W 2nd St Azusa, CA 91702

Estimated Value: $1,118,000 - $3,377,753

18 Beds
9 Baths
-- Sq Ft
0.42 Acres

Last Sold October 15, 2012

Last sale price $1,335,000

Est. 40% increase in value since last sale

Current estimated payment $10,646/month

54 Days on Market

About This Home

As of October 2012

RARE OPPORTUNITY to own 7 SFR's on two separate lots!! Three houses on one lot and 4 houses on the other lot. These can be financed separately with conventional financing. Huge lot, long term tenants. 6 units have 2-car garages and 1 unit has a single car garage. There are two separate properties for sale in this transaction. Other APN is 8616-019-041

Access to 210 Freeway, Metrolink, Shopping, down town Azusa, University, etc. Great rental demographic.

Last Agent to Sell the Property

John P. Simon Wright

WRIGHT PROPERTY MANAGEMENT License #01479897 Listed on: 06/20/2012

Last Buyer's Agent

WELFORD WOO

NETPOWER FINANCIAL GROUP License #00929629

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,612

Year Built

  • Built in 1971

Lot Details

  • 0.42

Parking

  • 13 Car Garage

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 9 Bathrooms

Additional Features

  • 0.42 Acre Lot
  • Central Heating

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 13736
  • Assessor Parcel Number 8616019040

Community Details

Overview

  • 7 Buildings
  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,005
  • Maintenance Expense $2,400
  • Professional Management Expense $6,027
  • Trash Expense $4,500
  • Water Sewer Expense $5,100
  • New Taxes Expense $18,688
  • Gross Income $10,045
  • Net Operating Income $70,093

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,612

Year Built

Built in 1971

Lot Details

0

Parking

13

Listing Details

  • Professional Management Expense: 6027.00
  • Water Sewer Expenses: 5100.00
  • Property Type: Residential Income
  • Parcel Number: 8616019040
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Garage Spaces: 13.00
  • Total Parking Spaces: 13.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Trash Expense: 4500.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 18064.00
  • Lot Size Acres: 0.4150

Multi Family

  • Gross Income: 10045.00
  • Gross Scheduled Income: 120540.00
  • Insurance Expense: 2005.00
  • Lot Size Area: 18064.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 70093.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 7
  • Operating Expense: 44420.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 18688.00
  • Tax Lot: 18
  • Tax Tract Number: 13736

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2012
Closed on
Aug 16, 2012
Sold by
Sewell Joseph D and The Lillian Tusan Living 1992
Bought by
Hu Jonathan and Wang Leigh
Seller's Agent
John P. Simon Wright
WRIGHT PROPERTY MANAGEMENT
Buyer's Agent
WELFORD WOO
NETPOWER FINANCIAL GROUP
List Price
$1,495,000
Sold Price
$1,335,000
Premium/Discount to List
-$160,000
-10.7%
Current Estimated Value
$1,864,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$529,938
Avg. Annual Appreciation
2.60%
Original Mortgage
$430,000
Interest Rate
3.52%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Hu Jonathan $645,000 Pacific Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hu Jonathan $430,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2012 10/15/12 Sold $1,335,000 -10.7% --
08/13/2012 08/13/12 Pending -- -- --
06/20/2012 06/20/12 For Sale $1,495,000 -- --
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 $10,612 $794,263 $492,568 $301,695
2024 $10,612 $778,690 $482,910 $295,780
2023 $10,871 $763,423 $473,442 $289,981
2022 $10,227 $748,455 $464,159 $284,296
2021 $9,976 $733,780 $455,058 $278,722
2020 $9,796 $726,257 $450,392 $275,865
2019 $9,665 $712,017 $441,561 $270,456
2018 $9,162 $698,056 $432,903 $265,153
2016 $8,734 $670,951 $416,094 $254,857
2015 $8,598 $660,873 $409,844 $251,029
2014 $8,064 $647,928 $401,816 $246,112
Source: Public Records

Agents Affiliated with this Home

  • John P. Simon Wright

    Seller's Agent in 2012

    John P. Simon Wright

    WRIGHT PROPERTY MANAGEMENT

    (626) 967-1837

    8 Total Sales

    John P. Simon Wright
    Section Image

  • W

    Buyer's Agent in 2012

    WELFORD WOO

    NETPOWER FINANCIAL GROUP

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C12077233

California Regional Multiple Listing Service (CRMLS)

APN: 8616-019-040

California Los Angeles County Azusa 91702

325 W 2nd St, Azusa, CA

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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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