NOT LISTED FOR SALE

Estimated Value: $1,773,000 - $2,194,000

16 Beds
8 Baths
8,018 Sq Ft
$247/Sq Ft Est. Value

Sale Details

Date Sold: June 25, 2021

Last sale price $3,600,000 $449 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $15,561 / mo

8 Days on Market

Highlights

  • 0.73 Acre Lot
  • No HOA
  • Laundry Facilities
  • William Northrup Elementary School Rated A-

About This Home

As of June 2021

Three parcels of 403 S Garfield ave ( 3unit), 400 S 1st St (Single Family Residence) and 404 S 1st St (Single Family Residence), the southwest block of Beacon & S Garfield, total lot 31,732 Sq ft will be sold together. Currently, those properties are fully rented out as residential income property.
403 S Garfield ave is a 3unit multifamily residence with current income of $8,740/month; 400 S 1st St ( $3000/month) single family residence and 404 S 1st St ( $3100/month) single family residence. The city of Alhambra allows a maximum floor area ration of 0.6 of professional office building development. Schematic design is available upon request. Zoning: Professional Office.

Last Agent to Sell the Property

Sunyoung McDermott

Re/Max Premier Properties License #01871582 Listed on: 04/27/2021

Re/Max Premier Properties

Last Buyer's Agent

Connie Fu

FULING INVESTMENT INC. License #01929659

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 31,732 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre
  • 5344-029-010, 5344-029-009

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 8,018 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 11 / A
  • Tax Tract Number 4810
  • Assessor Parcel Number 5344029008

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $4,500
  • Maintenance Expense $450
  • Professional Management Expense $4,800
  • Trash Expense $1,800
  • New Taxes Expense $48,125
  • Operating Expense $51,550
  • Gross Income $178,080
  • Net Operating Income $126,350

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0.73 Acres

Parking

6

Listing Details

  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Zoning: ALCPD*
  • Property Type: Residential Income
  • Parcel Number: 5344029008
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 448.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5344-029-010, 5344-029-009
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 31732.00
  • Lot Size Acres: 0.7285

Multi Family

  • Gross Income: 178080.00
  • Gross Operating Income: 178080.00
  • Gross Scheduled Income: 178080.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 31732.0000 Square Feet
  • Maintenance Expense: 450.00
  • Net Operating Income: 126350.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 51550.00
  • Rent Control: No
  • Total Actual Rent: 14840.00
  • Total Expenses: 51550.00

Tax Info

  • New Taxes Expense: 48125.00
  • Tax Block: A
  • Tax Census Tract: 4810.01
  • Tax Lot: 11
  • Tax Tract Number: 4810

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2015
Closed on
Jun 25, 2015
Sold by
Anjj Llc
Bought by
Seller's Agent
Mehdi Mostaedi
NAI CAPITAL, INC.
Buyer's Agent
Mehdi Mostaedi
NAI CAPITAL, INC.
List Price
$600,000
Sold Price
$600,000
Current Estimated Value
$2,420,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,820,000
Avg. Annual Appreciation
11.17%
Original Mortgage
$1,800,000
Outstanding Balance
$1,399,106
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$584,394

Purchase Details

Listed on
Apr 30, 2015
Closed on
May 8, 2015
Sold by
Eretz G4 Properties Llc
Bought by
Eretz Alhambra Properties Llc
Seller's Agent
Mehdi Mostaedi
NAI CAPITAL, INC.
Buyer's Agent
Mehdi Mostaedi
NAI CAPITAL, INC.
List Price
$600,000
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Outstanding Balance
$1,399,106
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$584,394

Purchase Details

Listed on
Apr 30, 2015
Closed on
Apr 29, 2015
Sold by
Eretz G4 Properties Llc
Bought by
Anjj Llc
Seller's Agent
Mehdi Mostaedi
NAI CAPITAL, INC.
Buyer's Agent
Mehdi Mostaedi
NAI CAPITAL, INC.
List Price
$600,000
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Outstanding Balance
$1,399,106
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$584,394

Purchase Details

Closed on
Jun 6, 2006
Sold by
Ta Hao H and Tu Jane B
Bought by
Casner Consolidated Llc

Purchase Details

Closed on
Mar 1, 2005
Sold by
Chiang Chung I and Tien Shelly
Bought by
Ta Hao H and Tu Jane B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2002
Sold by
Chiang Chung I and Tien Shelly Yu Ching
Bought by
Chiang Chung I and Tien Shelly Yu Ching

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
5.86%

Purchase Details

Closed on
Dec 14, 1998
Sold by
Chiang Chung I
Bought by
Chiang Chung I and Tien Yu Ching

Purchase Details

Closed on
Jul 23, 1996
Sold by
Chiang Cheng Ling Hui
Bought by
Chiang Chung I
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Alhambra, CA

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Purchase 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 Buyer Sale Price Title Company
$3,100,000 Title 365
Eretz Alhambra Properties Llc -- Chicago Title Company
Anjj Llc $600,000 Chicago Title Company
Casner Consolidated Llc $1,300,000 First American Title Company
Ta Hao H $920,000 Chicago Title Co
Chiang Chung I -- Investors Title Company
Chiang Chung I -- --
Chiang Chung I -- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,800,000
Previous Owner Ta Hao H $670,000
Previous Owner Chiang Chung I $385,000
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 Prior Sale
06/25/2021 06/25/21 Sold $3,600,000 -6.5% $449 / Sq Ft
05/05/2021 05/05/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $3,850,000 +541.7% $480 / Sq Ft
05/20/2015 05/20/15 Sold $600,000 0.0% $125 / Sq Ft View Prior Sale
04/30/2015 04/30/15 Pending -- -- --
04/30/2015 04/30/15 For Sale $600,000 -- $125 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2026 $27,277 $2,208,159 $1,876,936 $331,223
2025 $27,277 $2,164,863 $1,840,134 $324,729
2024 $26,478 $2,122,415 $1,804,053 $318,362
2023 $26,143 $2,080,800 $1,768,680 $312,120
2022 $24,884 $2,040,000 $1,734,000 $306,000
2021 $22,635 $1,826,385 $1,312,373 $514,012
2020 $22,516 $1,807,659 $1,298,917 $508,742
2019 $21,843 $1,772,216 $1,273,449 $498,767
2018 $21,959 $1,737,468 $1,248,480 $488,988
2016 $20,157 $1,670,000 $1,200,000 $470,000
2015 $14,462 $1,162,776 $1,046,499 $116,277
2014 -- $1,140,000 $1,026,000 $114,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21088668

California Regional Multiple Listing Service (CRMLS)

APN: 5344-029-008

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