NOT LISTED FOR SALE

329 S Electric Ave Alhambra, CA 91803

Estimated Value: $1,295,000 - $1,641,000

4 Beds
4 Baths
2,000 Sq Ft
$715/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $1,270,000 $635 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $9,120/month

74 Days on Market

Highlights

  • Laundry Facilities
  • Partially Fenced Property
  • Wood Siding
  • William Northrup Elementary School Rated A-

About This Home

As of February 2022

Back on the Market ... This charming 4-plex has great curb appeal. Downstairs has 2 units and there are 2- units upstairs. With a private Pool Size back yard. All 4 units are 1 bed and 1 full bath, 3 of the units have been newly renovated with hard wood floors, new paint throughout , new bathrooms and kitchen with new counter tops. The renovated units can be Rented out for short term AirBnb, college dorm room for 2 students with shared full bath or Long Term rental . These Units are centrally located close to Alhambra Asian food district, Cal State Los Angeles, Alhambra Medical University, Platt College Rose Bowl, Old Town Pasadena. Easy to rent to a small family or Cal State LA students or short term rental AirBNB. Apartment building has a detached 2 car garage with private shared laundry room for tenants and potential guest. If converted to a studio apartment or ADU this would make it potentially the highest Gross Rental unit in the area. Their is great income producing potential for the right investor. All units include small front patio or shared patio with brand new turf that gives it beautiful curb appeal with plenty of parking in the front and private side driveway . This one will not last! please do not walk on private property and do not disturb long term tenant. Buyers to verify all room sizes and square footage.

Last Agent to Sell the Property

Lloyd Evangelista

Big Block Realty, Inc. License #01172357 Listed on: 10/27/2021

Big Block Realty, Inc.

Co-Listed By

Barbara Putman

LPT Realty,Inc License #02110047

Last Buyer's Agent

Ngai Li

IRN Realty License #02008298

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,693

Year Built

  • Built in 1924

Lot Details

  • 1,900 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for water, electricity
  • Assessor Parcel Number 534-300-30-67

Community Details

Overview

  • 4 Units
  • Quadruplex Community

Recreation

  • Recreational Area

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Net Operating Income $61,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,693

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Cross Street: Main Street
  • Neighborhood: Alhambra
  • LP / Sq Ft: 16.61
  • Stories: 2 Story
  • Sale Price List Price: 0.98
  • Total Stories: 2
  • Year Built: 1924
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood, Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Quadruplex
  • Pets Allowed: Yes
  • Complex Features: Laundry Facilities, Recreation Area

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 534-300-30-67
  • Estimated Lot Sq Ft: 1900

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 61900
  • Annual Expense Actual: 5750
  • Annual Expense Projected: 5750
  • Gross Rent Multiplier Actual: 1.5
  • Gross Rent Multiplier Projected: 1.5
  • Gross Sched Income Actual: 84000
  • Number Of Buildings: 1
  • Number Of Furnished Units: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2021
Closed on
Jan 31, 2022
Sold by
Ajr Properties Llc
Bought by
Gao Lan
Seller's Agent
Lloyd Evangelista
Big Block Realty, Inc.
Buyer's Agent
Ngai Li
IRN Realty
List Price
$1,300,000
Sold Price
$1,270,000
Premium/Discount to List
-$30,000
-2.31%
Current Estimated Value
$1,429,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,569
Avg. Annual Appreciation
1.79%
Original Mortgage
$760,000
Outstanding Balance
$529,778
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$822,524

Purchase Details

Closed on
May 29, 2014
Sold by
Ramirez Gerardo
Bought by
Ajr Properties Llc

Purchase Details

Closed on
Apr 10, 2013
Sold by
Ramirez Gerardo
Bought by
Josefina Ramirez Trust

Purchase Details

Closed on
Oct 9, 2009
Sold by
Ramirez Josefina
Bought by
Ramirez Josefina and Josefina Ramirez Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gao Lan $1,270,000 Lawyers Title
Gao Lan $1,270,000 Lawyers Title
Ajr Properties Llc -- None Available
Ramirez Gerardo -- None Available
Josefina Ramirez Trust -- None Available
Ramirez Josefina -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gao Lan $760,000
Closed Gao Lan $760,000
Previous Owner Ramirez Antonio $269,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2022 02/28/22 Sold $1,270,000 -2.3% $635 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
12/21/2021 12/21/21 For Sale $1,300,000 0.0% $650 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
11/30/2021 11/30/21 For Sale $1,300,000 0.0% $650 / Sq Ft
11/20/2021 11/20/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $1,300,000 -- $650 / Sq Ft
Source: San Diego 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 $16,693 $1,347,733 $955,087 $392,646
2024 $16,693 $1,321,308 $936,360 $384,948
2023 $16,550 $1,295,400 $918,000 $377,400
2022 $2,730 $136,961 $86,398 $50,563
2021 $2,701 $134,276 $84,704 $49,572
2019 $2,634 $130,295 $82,193 $48,102
2018 $2,585 $127,741 $80,582 $47,159
2016 $2,421 $122,782 $77,453 $45,329
2015 $2,392 $120,939 $76,290 $44,649
2014 $2,395 $118,571 $74,796 $43,775
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Lloyd Evangelista

    Big Block Realty, Inc.

    Section Image
  • Barbara Putman

    Seller Co-Listing Agent in 2022

    Barbara Putman

    LPT Realty,Inc

    (858) 218-5424

    13 Total Sales

    Barbara Putman
    Section Image

  • N

    Buyer's Agent in 2022

    Ngai Li

    IRN Realty

See All Agents

Map

Source: San Diego MLS

MLS Number: 210029808

San Diego MLS

APN: 5343-003-067

California Los Angeles County Alhambra 91803

329 S Electric Ave, Alhambra, CA

This home is located at 329 S Electric Ave, Alhambra, CA 91803 since 27 October 2021 and is currently estimated at $1,429,569, approximately $714 per square foot. This property was built in 1924. 329 S Electric Ave is a home located in Los Angeles County with nearby schools including William Northrup Elementary School, Alhambra High School, and All Souls World Language Catholic School.

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