NOT LISTED FOR SALE
11 Beds
9 Baths
4,236 Sq Ft
0.6 Acres

Last Sold May 18, 2023

Last sale price $1,700,000 $401 Per Sq Ft

19 Days on Market

Highlights

  • 0.6 Acre Lot
  • End Unit
  • Cooling Available
  • Rosemead High School Rated A
  • Fireplace
  • 2-minute walk to Baldwin Ave Mini Park

About This Home

As of May 2023

6 units on a large lot with huge potential and upside in an average plus location. Rents are below market; there is considerable deferred maintenance which is reflected in the price. All income and expense statements are provided by the management company, buyer to verify. Some units may be vacant or may become vacant during escrow, buyer will be notified accordingly. All figures that are stated are based on statements provided by the management company in September, recent statements can be downloaded from the supplement section.

Last Agent to Sell the Property

Dean Abston

Berkshire Hathaway HomeServices California Properties License #01202855 Listed on: 01/20/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Nader Naderi

Berkshire Hathaway HomeServices California Properties License #01096047

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.6 Acre Lot
  • No Common Walls
  • End Unit
  • Fenced
  • Needs Fence Repair
  • Density is up to 1 Unit/Acre

Home Design

  • Fire Rated Drywall

Interior Spaces

  • 4,236 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Panel Doors
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Location

  • Urban Location

Utilities

  • Cooling Available
  • Heating Available
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 64
  • Tax Tract Number 7177
  • Assessor Parcel Number 8578008027

Community Details

Overview

  • 6 Buildings
  • 7 Units

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 7 Separate Gas Meters
  • Electric Expense $200
  • Fuel Expense $93
  • Insurance Expense $3,716
  • Professional Management Expense $4,160
  • Trash Expense $5,803
  • Water Sewer Expense $5,730
  • Operating Expense $44,083
  • Gross Income $131,040
  • Net Operating Income $47,103

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 4160.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 5730.00
  • Zoning: EMC3*
  • Architectural Style: Ranch
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 8578008027
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Common Walls: End Unit, No Common Walls
  • Accessibility Features: See Remarks
  • Door Features: Panel Doors
  • Levels: One
  • Price Per Square Foot: 401.32
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Needs Repair
  • Pool Private: No
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Sewer: Public Sewer
  • Trash Expense: 5803.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 26240.00
  • Lot Size Acres: 0.6024

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 200.00
  • Fuel Expense: 93.00
  • Gross Income: 131040.00
  • Gross Scheduled Income: 131040.00
  • Insurance Expense: 3716.00
  • Lot Size Area: 26240.0000 Square Feet
  • Net Operating Income: 47103.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 7
  • Number Of Units Leased: 5
  • Number Of Units Total: 7
  • Operating Expense: 43635.00
  • Rent Control: No
  • Total Actual Rent: 10120.00
  • Total Expenses: 44083.00

Tax Info

  • Tax Census Tract: 4328.02
  • Tax Lot: 64
  • Tax Tract Number: 7177
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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 Prior Sale
05/18/2023 05/18/23 Sold $1,700,000 +41.7% $401 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $1,200,000 -15.2% $283 / Sq Ft
12/21/2018 12/21/18 Sold $1,415,000 -5.7% $334 / Sq Ft View Prior Sale
12/12/2018 12/12/18 Pending -- -- --
07/23/2018 07/23/18 For Sale $1,500,000 -- $354 / 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 $24,845 $1,768,679 $1,057,046 $711,633
2024 $24,845 $1,734,000 $1,036,320 $697,680
2023 $22,017 $1,517,162 $907,081 $610,081
2022 $21,074 $1,487,415 $889,296 $598,119
2021 $21,364 $1,458,251 $871,859 $586,392
2020 $21,291 $1,443,300 $862,920 $580,380
2019 $21,631 $1,415,000 $846,000 $569,000
2018 $6,322 $320,369 $96,217 $224,152
2016 $6,013 $307,931 $92,482 $215,449
2015 $5,949 $303,306 $91,093 $212,213
2014 $5,801 $297,366 $89,309 $208,057
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23009723

California Regional Multiple Listing Service (CRMLS)