NOT LISTED FOR SALE

3940 Bresee Ave Baldwin Park, CA 91706

7 Beds
4 Baths
21,972 Sq Ft
36,769 Sq Ft Lot

Last Sold May 09, 2016

Last sale price $4,700,000 $214 Per Sq Ft

18 Days on Market

About This Home

As of May 2016

3940 Bresee Avenue is a two-story, 27 unit multifamily property, comprised of six buildings, including a standalone house, on an oversized 36,769 square foot lot, with a total building size of 21,972 square feet. The standalone 2B/1.5B house was built in 1926, with the remaining units built in 1964. The property offers an excellent unit mix of one two-bedroom/one-and-one-half bathroom house, twenty two-bedroom/one-bathroom units, and six three-bedroom/one-and-one-half-bathroom units. The well maintained, neatly landscaped property is separately metered for gas and electric, and offers a newer central water heater, newer asphalt driveway, an on-site laundry facility with four sets of washers and dryers that are owned by the building, and 41 tuckunder, carport, and uncovered parking spaces with storage areas. DRIVE-BY ONLY, PLEASE DO NOT WALK THE PROPERTY OR DISTURB TENANTS.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 02/12/2016

Last Buyer's Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 02/12/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.84 Acre Lot

Interior Spaces

  • 21,972 Sq Ft Home
  • 2-Story Property

Parking

  • 41 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Buildings
  • 27 Units

Listing and Financial Details

  • Assessor Parcel Number 8553-006-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.84 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 21972
  • Manager Expense: 15000.00
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 207.08

Exterior Features

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

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 41

Utilities

  • Cooling: Wall Unit(s)
  • Electric Expense: 1940.00
  • Heating: Wall
  • Water Expense: 6129.00

Fee Information

  • Gas Expense: 6751.00
  • Insurance Expense: 7481.00
  • Maintenance Expense: 14850.00
  • Management Expense: 14755.00
  • Other Expense: 4725.00
  • Trash Expense: 7480.00

Lot Info

  • Assessor Parcel Number: 8553-006-014
  • Geocode Override: No
  • Lot Size Area: 36769

Rental Info

  • Monthly Gross Income: 30990.00

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.24
  • Gross Scheduled Income: 380280.00
  • Number Of Units: 27
  • Rent Control: 0
  • Type Of Units: Apartments

Tax Info

  • Tax Expense: 60769.00
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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
05/09/2016 05/09/16 Sold $4,700,000 +3.3% $214 / Sq Ft
03/01/2016 03/01/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $4,550,000 -- $207 / Sq Ft
Source: The MLS

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 $71,993 $5,563,842 $3,227,030 $2,336,812
2024 $71,993 $5,454,748 $3,163,755 $2,290,993
2023 $71,277 $5,347,793 $3,101,721 $2,246,072
2022 $72,652 $5,242,935 $3,040,903 $2,202,032
2021 $71,517 $5,140,133 $2,981,278 $2,158,855
2020 $71,369 $5,087,428 $2,950,709 $2,136,719
2019 $67,114 $4,987,675 $2,892,852 $2,094,823
2018 $63,707 $4,889,879 $2,836,130 $2,053,749
2016 $24,163 $1,532,047 $623,205 $908,842
2015 $24,645 $1,509,035 $613,844 $895,191
2014 $24,450 $1,479,476 $601,820 $877,656
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-981211

The MLS
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