NOT LISTED FOR SALE

3940 Bresee Ave Baldwin Park, CA 91706

7 Beds
4 Baths
21,972 Sq Ft
0.84 Acre Lot

Sale Details

Date Sold: May 9, 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

  • 36,769 Sq Ft 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

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
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

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
2025 $76,468 $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

  • Priscilla Nee

    Seller's Agent in 2016

    Priscilla Nee

    CB Richard Ellis, Inc.

    (310) 550-2500

    30 Total Sales

    Priscilla Nee
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Map

Source: The MLS

MLS Number: 16-981211

The MLS
California Los Angeles County Baldwin Park 91706

3940 Bresee Ave, Baldwin Park, CA

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