NOT LISTED FOR SALE
7 Beds
7 Baths
3,098 Sq Ft
7,873 Sq Ft Lot

Last Sold January 10, 2019

Last sale price $1,430,000 $462 Per Sq Ft

5 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Front Yard
  • Garfield Elementary School Rated A-

About This Home

As of January 2019

Terrific investment opportunity in a highly desirable neighborhood, walking distance to Alhambra downtown area. 7 - one bedroom building. New exterior paint. Laundry room machines are owned and are not working. Seven spaces of covered carport with storage.Rents with upside potential.

Last Agent to Sell the Property

Kathleen Yue

Fortuna Realty License #00602843 Listed on: 11/26/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 7,873 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Apartment

Interior Spaces

  • 3,098 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for grounds care
  • Tax Lot 19
  • Tax Tract Number 1872
  • Assessor Parcel Number 5337012014

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 7 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $36
  • Fuel Expense $9
  • Insurance Expense $1,821
  • Professional Management Expense $300
  • Trash Expense $340
  • Water Sewer Expense $340
  • New Taxes Expense $10,895
  • Operating Expense $23,294
  • Gross Income $76,400
  • Net Operating Income $53,106

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 300.00
  • Property Attached: Yes
  • Water Sewer Expenses: 340.00
  • Zoning: ALRPD*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5337012014
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 461.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 340.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7873.00
  • Lot Size Acres: 0.1807

Rental Info

  • Tenant Pays: Grounds Care

Multi Family

  • Electric Expense: 36.00
  • Fuel Expense: 9.00
  • Gross Income: 76400.00
  • Gross Scheduled Income: 76400.00
  • Insurance Expense: 1821.00
  • Lot Size Area: 7873.0000 Square Feet
  • Net Operating Income: 53106.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 23294.00
  • Rent Control: No
  • Total Actual Rent: 6525.00
  • Total Expenses: 23294.00

Tax Info

  • New Taxes Expense: 10895.00
  • Tax Area: 2018
  • Tax Census Tract: 4803.04
  • Tax Lot: 19
  • Tax Tract Number: 1872

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2019 01/10/19 Sold $1,430,000 +12.6% $462 / Sq Ft
01/01/2019 01/01/19 For Sale $1,270,000 0.0% $410 / Sq Ft
12/01/2018 12/01/18 Pending -- -- --
11/26/2018 11/26/18 For Sale $1,270,000 -- $410 / 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 $20,407 $1,595,185 $1,037,429 $557,756
2024 $20,407 $1,563,908 $1,017,088 $546,820
2023 $20,340 $1,533,245 $997,146 $536,099
2022 $19,412 $1,503,183 $977,595 $525,588
2021 $19,224 $1,473,710 $958,427 $515,283
2019 $18,913 $1,460,245 $948,600 $511,645
2018 $5,188 $255,319 $119,224 $136,095
2016 $4,825 $243,826 $114,596 $129,230
2015 $4,770 $240,164 $112,875 $127,289
2014 $4,769 $235,460 $110,664 $124,796
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18273008

California Regional Multiple Listing Service (CRMLS)