Seller's Agent in 2024
Nancy Liu
RE/MAX
(626) 688-9181
1 in this area
83 Total Sales
338 N Monterey St Alhambra, CA 91801
Downtown Alhambra Neighborhood
8
Beds
8
Baths
5,532
Sq Ft
7,928
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- 5-minute walk to Story Park
- Garfield Elementary School Rated A-
About This Home
As of October 2024Located in the heart of Alhambra, this exceptional 5-unit property presents an ideal investment with great potential for appreciation. 4 of the 5 units are leased, ensuring immediate cash flow for the new owner. The 5th unit available to be leased out in a 2 bedroom / 2bathroom. Situated in a highly convenient location, tenants enjoy close proximity to shopping, dining, entertainment, and major transportation routes, making it a highly desirable area for renters. Whether you’re a seasoned investor or looking to expand your portfolio, this property offers both stability and long-term growth potential with long-time established tenants. Don’t miss out on this rare opportunity in one of Alhambra’s most sought-after locations!
Last Agent to Sell the Property
ReMax Elite Realty Brokerage Phone: 626-688-9181 License #01022715 Listed on: 09/20/2024
Co-Listed By
eXp Realty of Greater LA, Inc. Brokerage Phone: 626-688-9181 License #01348816
Property Details
Home Type
- Condominium
Year Built
- Built in 1972
Lot Details
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 5,532 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Parking
- 10 Parking Spaces
- 2 Carport Spaces
- Parking Available
- Assigned Parking
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 2 / D
- Tax Tract Number 2
- Assessor Parcel Number 5337004002
- $2,122 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gardener Expense $1,020
- Insurance Expense $10,590
- Trash Expense $1,728
- Water Sewer Expense $1,092
- Operating Expense $14,430
- Gross Income $46,045
- Net Operating Income $43,225
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2024 10/23/24 | Sold | $1,600,000 | +14.4% | $289 / Sq Ft |
| 09/27/2024 09/27/24 | Pending | -- | -- | -- |
| 09/20/2024 09/20/24 | For Sale | $1,398,000 | -- | $253 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $9,758 | $1,600,000 | $720,000 | $880,000 |
| 2024 | $9,758 | $669,913 | $191,394 | $478,519 |
| 2023 | $9,817 | $656,779 | $187,642 | $469,137 |
| 2022 | $9,414 | $643,902 | $183,963 | $459,939 |
| 2021 | $9,301 | $631,277 | $180,356 | $450,921 |
| 2019 | $9,016 | $612,555 | $175,007 | $437,548 |
| 2018 | $8,932 | $600,545 | $171,576 | $428,969 |
| 2016 | $8,207 | $577,226 | $164,914 | $412,312 |
| 2015 | $8,097 | $568,556 | $162,437 | $406,119 |
| 2014 | $8,028 | $557,420 | $159,256 | $398,164 |
Source: Public Records
Agents Affiliated with this Home
-
Nancy Liu
-
Jenny Liu
J
Seller Co-Listing Agent in 2024
Jenny Liu
eXp Realty of Greater LA, Inc.
(888) 652-1314
2 in this area
17 Total Sales
-
Oliver Wang
Buyer's Agent in 2024
Oliver Wang
RE/MAX
(626) 650-5666
2 in this area
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR24195625
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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
Nearby Homes
- 209 N Monterey St
- 210 N Monterey St Unit 409
- 210 N Monterey St Unit 407
- 505 N Stoneman Ave
- 20 W Grand Ave
- 504 N 1st St
- 806 N Garfield Ave Unit A
- 419 N 2nd St Unit E
- 821 Novelda Rd
- 111 N 2nd St Unit 316
- 168 S Monterey St Unit 313
- 168 S Monterey St Unit 211
- 168 S Monterey St Unit 501
- 168 S Monterey St Unit 506
- 168 S Monterey St Unit 411
- 168 S Monterey St Unit 512
- 168 S Monterey St Unit 202
- 168 S Monterey St Unit 502
- 168 S Monterey St Unit 508
- 904 N 1st St
- 202 E Grand Ave
- 334 N Monterey St Unit D
- 334 N Monterey St Unit B
- 334 N Monterey St Unit A
- 334 N Monterey St Unit E
- 334 N Monterey St
- 212 E Grand Ave
- 201 E Grand Ave
- 324 N Monterey St
- 333 N Chapel Ave
- 333 N Chapel Ave Unit A
- 339 N Monterey St
- 333 N Monterey St
- 337 N Chapel Ave
- 341 N Chapel Ave
- 329 N Chapel Ave Unit B
- 329 N Chapel Ave Unit A
- 215 E Grand Ave
- 320 N Monterey St
- 340 N Monterey St Unit 304 N Monterey St
Your Personal Tour Guide
Ask me questions while you tour the home.