$3,250,000
SOLD AUG 14, 2015

3916 Rosemead Blvd Pico Rivera, CA 90660

27 Beds
22 Baths
12,450 Sq Ft
0.55 Acres

Recently Sold

$261 Per Sq Ft

10% Below List Price

255 Days on Market

Highlights

  • 0.55 Acre Lot
  • Contemporary Architecture
  • Laundry Room
  • Mountain View
  • Double Pane Windows
  • Central Heating and Cooling System

About This Home

As of August 2015

This is a 9 units condo with 9 A.P.N., unit #101~#103 are 3 bedrooms + 2.5 baths @ 1,430 sq. ft., unit #104 is 3 bedrooms +2.5 baths @ 1,210 sq. ft., unit #105~#107 are 3 bedrooms + 3.75 baths @ 1,350 sq. ft. unit #108~#109 are 3 bedrooms + 3.75 Baths @1,450 sq. ft., total sq. ft. is 12,450 sq. ft.. Each unit has back yard, 2 car garage, laundry hook-up, central A/C & heat, S.C.E. meter and gas meter & fire sprinkler. Currently fully occupied by 9 tenants. Owner pays water, trash and gardener. Homeowner Association is ready but not active, completed with CC&R, Bylaw and Budget.

Last Agent to Sell the Property

Louie Yeh

KO TAI REALTY License #01042062 Listed on: 10/13/2014

KO TAI REALTY

Last Buyer's Agent

Jih Shyan Lin

COLDWELL BANKER DYNASTY/ARC License #01152876

COLDWELL BANKER DYNASTY/ARC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,801

Year Built

  • Built in 2011

Lot Details

  • 0.55 Acre Lot
  • Two or More Common Walls
  • Block Wall Fence

HOA Fees

  • $221 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Tile Roof

Interior Spaces

  • 12,450 Sq Ft Home
  • Double Pane Windows
  • Carpet
  • Mountain Views

Kitchen

  • Built-In Range
  • Dishwasher

Bedrooms and Bathrooms

  • 27 Bedrooms
  • All Upper Level Bedrooms
  • 22 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 62835
  • Assessor Parcel Number 8121001139

Community Details

Overview

  • 3 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • 10 Separate Electric Meters
  • 9 Separate Gas Meters
  • 3 Separate Water Meters
  • Cable TV Expense $1,800
  • Electric Expense $800
  • Gardener Expense $1,200
  • Insurance Expense $2,895
  • Maintenance Expense $951
  • Trash Expense $1,200
  • Water Sewer Expense $7,800
  • New Taxes Expense $45,000
  • Gross Income $15,850
  • Net Operating Income $124,755

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,801

Year Built

Built in 2011

Lot Details

0

HOA Fees

$221 per month

Parking

2

Listing Details

  • CapRate: 3.47
  • Price Per Unit: 400000
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 7800.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8121001139
  • Year Built: 2011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Three Or More
  • Price Per Square Foot: 261.04
  • Room Type: All Bedrooms Up
  • Window Features: Double Pane Windows

Exterior Features

  • View: Mountain(s)
  • Fencing: Block
  • Pool Private: No
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Garage, Inside, Individual Room
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 221.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 24068.00
  • Price Per Lot Square Foot: 135.03
  • Lot Size Acres: 0.5530

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Cable TV Expense: 1800.00
  • Electric Expense: 800.00
  • Gross Income: 15850.00
  • Gross Multiplier: 18.93
  • Gross Scheduled Income: 190200.00
  • Insurance Expense: 2895.00
  • Lot Size Area: 24068.0000 Square Feet
  • Maintenance Expense: 951.00
  • Net Operating Income: 124755.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Number With Dishwasher: 9
  • Number With Disposal: 9
  • Operating Expense: 65450.00
  • Rent Control: No
  • Total Actual Rent: 190200.00
  • Vacancy Allowance: 3804
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 45000.00
  • Tax Lot: 1
  • Tax Tract Number: 62835
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2015
Closed on
Aug 4, 2015
Sold by
Pico Garden Llc
Bought by
Tong Jerry Shucheng and Chang De Quoi
Seller's Agent
Louie Yeh
KO TAI REALTY
Buyer's Agent
Louie Yeh
KO TAI REALTY
Sold Price
$1,900
Current Estimated Value
$636,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$634,172
Avg. Annual Appreciation
-14.85%
Original Mortgage
$1,100,000
Outstanding Balance
$865,732
Interest Rate
4.05%
Mortgage Type
Seller Take Back
Estimated Equity
-$229,660
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Grant Deed $3,250,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,100,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2015 08/14/15 Sold $3,250,000 0.0% $261 / Sq Ft
08/10/2015 08/10/15 Rented $1,900 0.0% --
08/10/2015 08/10/15 For Rent $1,900 0.0% --
06/25/2015 06/25/15 Pending -- -- --
10/13/2014 10/13/14 For Sale $3,600,000 -- $289 / 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 $5,801 $441,903 $189,404 $252,499
2024 $5,801 $433,240 $185,691 $247,549
2023 $5,644 $424,746 $182,050 $242,696
2022 $5,391 $416,419 $178,481 $237,938
2021 $5,324 $408,255 $174,982 $233,273
2019 $5,312 $396,148 $169,793 $226,355
2018 $5,164 $388,381 $166,464 $221,917
2016 $4,645 $373,300 $160,000 $213,300
2015 $3,476 $273,898 $59,152 $214,746
2014 $3,431 $268,534 $57,994 $210,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14220332

California Regional Multiple Listing Service (CRMLS)

APN: 8121-001-140