NOT LISTED FOR SALE
11 Beds
6 Baths
4,765 Sq Ft
0.43 Acre Lot

Sale Details

Date Sold: July 10, 2015

Last sale price $1,350,000 $283 Per Sq Ft

41 Days on Market

About This Home

As of July 2015

We are proud to present an excellent opportunity to acquire six (6) detached houses NON-RENT CONTROL on an 18,931 SF Lot in a great part of Rosemead. POTENTIAL DEVELOPMENT OPPORTUNITY, BUYER TO VERIFY WHAT CAN BE BUILT. 5 houses feature 2 bedrooms + 1 bathroom, each with their own private fenced yard and the 1 house is 1 bedroom +1 bathroom with its own yard. Houses are separately metered for gas and electricity. BIG UPSIDE in rents if kept as rental property. GRM & Cap Rate based on market rents. OFFERS MUST INCLUDE PROOF OF FUNDS. PROPERTY SOLD AS-IS.

Last Agent to Sell the Property

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652 Listed on: 05/14/2015

Last Buyer's Agent

Cheuk Chan

YORK LA INVESTMENT License #01257250

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 18,931 Sq Ft Lot

Home Design

  • 4,765 Sq Ft Home

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Parking

  • 10 Parking Spaces
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5288-018-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.43 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 4765
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 290.66

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 10

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall
  • Water Expense: 2712.00

Fee Information

  • Insurance Expense: 1906.00
  • Maintenance Expense: 4305.00
  • Other Expense: 1000.00
  • Trash Expense: 1608.00

Lot Info

  • Assessed Improvement Value: 317814
  • Assessed Land Value: 413516
  • Assessor Parcel Number: 5288-018-020
  • Geocode Override: No
  • Lot Size Area: 18931

Rental Info

  • Monthly Gross Income: 7175.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 12.55
  • Gross Scheduled Income: 86100.00
  • Number Of Units: 6
  • Rent Control: 0
  • Type Of Units: 5 2+1, 1 1+1

Tax Info

  • Tax Expense: 16620.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2018
Sold by
Yee Kan Frank and Yee Kan Man
Bought by

Purchase Details

Listed on
May 14, 2015
Closed on
Jun 29, 2015
Sold by
Norwood Donald H and The Donald H Norwood Living Tr
Bought by
Yee Kan Frank and Yee Kan Man
Seller's Agent
Alexander Metaxas
Realty Investment Advisors, Inc.
Buyer's Agent
Cheuk Chan
YORK LA INVESTMENT
List Price
$1,385,000
Sold Price
$1,350,000
Premium/Discount to List
-$35,000
-2.53%

Purchase Details

Closed on
Jun 5, 2002
Sold by
Norwood Merilyn M and Norwood Family Trust
Bought by
Norwood Donald H and Donald H Norwood Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
5.54%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Yee Kan Frank $1,350,000 North American Title
Norwood Donald H $400,000 Oct
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $600,000
Closed Kan Frank $650,000
Previous Owner Norwood Donald H $275,000
Previous Owner Norwood Donald H $311,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/10/2015 07/10/15 Sold $1,350,000 -2.5% $283 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
05/14/2015 05/14/15 For Sale $1,385,000 -- $291 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $22,614 $1,660,974 $1,147,096 $513,878
2025 $22,614 $1,628,409 $1,124,604 $503,805
2024 $21,484 $1,596,480 $1,102,553 $493,927
2023 $20,722 $1,565,178 $1,080,935 $484,243
2022 $19,779 $1,534,490 $1,059,741 $474,749
2021 $19,706 $1,504,403 $1,038,962 $465,441
2020 $19,538 $1,488,978 $1,028,309 $460,669
2019 $19,003 $1,459,784 $1,008,147 $451,637
2018 $18,756 $1,431,162 $988,380 $442,782
2017 $18,038 $1,377,000 $969,000 $408,000
2016 $16,922 $1,350,000 $950,000 $400,000
2015 $10,081 $745,941 $421,778 $324,163
2014 $9,987 $731,330 $413,516 $317,814
Source: Public Records

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Map

Source: The MLS

MLS Number: 15-905765

The MLS
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