$1,580,000
SOLD AUG 23, 2024

411 N Palm Ave Unit A/B Alhambra, CA 91801

6 Beds
4 Baths
2,437 Sq Ft
7,603 Sq Ft Lot

Recently Sold

$648 Per Sq Ft

1% Below List Price

34 Days on Market

Highlights

  • Solar Power System
  • Wood Flooring
  • No HOA
  • Park Elementary School Rated A-
  • Park or Greenbelt View
  • Wood Frame Window

About This Home

As of August 2024

Hot listing goes fast !

This fully renovated 3BR/2BA front house with a newly built 3BR/2BA rear house, is ideally located across from Alhambra Park - a perfect spot for picnics and provides easy access to a public swimming pool, tennis courts, and ample parking. The property is just minutes from the shops and restaurants in South Pasadena and downtown Alhambra, and within walking distance to Target and Costco, ensuring convenience at your doorstep.

The front house is a charming Tudor-style single-family home with a high ceilings living room, an inviting eat-in kitchen, and two newly remodeled bathrooms. Recent upgrades include a new asphalt shingle roof, new windows and doors, new exterior stucco, new interior drywall, fresh paint, a new 200 Amp electrical panel, a new central HVAC system, a new tankless water heater, new kitchen appliances, and new flooring throughout. The newly built rear house is perfect for additional family members or rental income, with potential for future separate sale. This location is also ideal for Airbnb, with each room potentially generating approximately $2000 per month.


Please do not walk the property without a scheduled appointment.

Last Agent to Sell the Property

Hui Liu

Green Force, Inc. License #02239009 Listed on: 06/04/2024

Last Buyer's Agent

Nikki Yang

HOME TIMES REALTY License #01938934

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,904

Year Built

  • Built in 1925

Lot Details

  • 7,603 Sq Ft Lot
  • Lot Dimensions are 50' x 152'
  • Wood Fence
  • Landscaped
  • Sprinkler System
  • Density is up to 1 Unit/Acre
  • On-Hand Building Permits
  • Property is zoned ALRPD*

Home Design

  • Raised Foundation
  • Interior Block Wall
  • Asbestos Shingle Roof
  • Stucco

Interior Spaces

  • 2,437 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Wood Frame Window
  • French Doors
  • Family Room with Fireplace
  • Wood Flooring
  • Park or Greenbelt Views
  • Laundry Room

Kitchen

  • Electric Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Uncovered Parking

Eco-Friendly Details

  • Solar Power System

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 807
  • Assessor Parcel Number 5339016003

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 2 Separate Water Meters

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,904

Year Built

Built in 1925

Lot Details

0

Listing Details

  • CapRate: 5.20
  • Improvements Amount: 500000
  • Other Phone Description: 9096867000
  • Other Phone Number: 9096867000
  • Price Per Unit: 795000
  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: ALRPD*
  • Property Condition: Building Permit
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 5339016003
  • Year Built: 1925
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Block Walls
  • Stories: 1
  • Entry Location: First Floor
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Door Features: French Doors
  • Entry Level: 1
  • Fireplace Features: Family Room, Gas
  • Levels: One
  • Price Per Square Foot: 648.34
  • Room Type: Family Room, Kitchen, Main Floor Bedroom, Primary Bathroom
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Raised
  • View: Park/Greenbelt
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asbestos Shingle
  • Spa: No
  • Construction Materials: Block, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Gas Range, Microwave, Range Hood, Tankless Water Heater
  • Electric: 220 Volts in Kitchen, Electricity - On Property
  • Heating Type: Central, Natural Gas
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value: 775200
  • Lot Features: 0-1 Unit/Acre, Landscaped, Sprinkler System
  • Lot Size: 50' X 152'
  • Lot Size Sq Ft: 7603.00
  • Lot Size Acres: 0.1745

Multi Family

  • Gross Scheduled Income: 96000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7603.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 81500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Operating Expense: 2500.00
  • Rent Control: Yes
  • Total Expenses: 2500.00

Tax Info

  • Tax Area: 1797
  • Tax Census Tract: 5339016003
  • Tax Lot: 3
  • Tax Tract: TRACT#807 LOT 3
  • Tax Tract Number: 807...
  • Tax Annual Amount: 11904.00
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Jul 11, 2024
Sold by
Sunny Realty Inc and Universal Ldz Llc
Bought by
Alan Kao And Li Yuan Chen Revocable Living Tr and Kao
Seller's Agent
Hui Liu
Green Force, Inc.
Buyer's Agent
Nikki Yang
HOME TIMES REALTY
List Price
$1,590,000
Sold Price
$1,580,000
Premium/Discount to List
-$10,000
-0.63%
Views
36
Current Estimated Value
$1,519,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$60,007
Avg. Annual Appreciation
-2.13%
Original Mortgage
$1,000,000
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2022
Sold by
Reynolds Steven L and Reynolds Sharman
Bought by
Sunny Realty Inc

Purchase Details

Closed on
Aug 11, 2016
Sold by
Ober Reynolds Sharman and Reynolds Sharman Elizabeth
Bought by
Reynolds Steven L and Ober Reynolds Sharman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2016
Sold by
Ober Myrtle Diane and Reynolds Sharman Elizabeth
Bought by
Ober Reynolds Sharman and Reynolds Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2014
Sold by
Ober Myrtle Diane and Reynolds Sharman Elizabeth
Bought by
Ober Myrtle Diane and Reynolds Sharman Elizabeth

Purchase Details

Closed on
Mar 13, 2007
Sold by
Nichols Mary I
Bought by
Ober Myrtle Diane and Ober Reynolds Sharman Elizabeth
Source: Public Records

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Range of Values:

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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 $1,580,000 Ticor Title Company
Grant Deed $950,000 First American Title Company O
Interfamily Deed Transfer -- None Available
Grant Deed $254,000 None Available
Interfamily Deed Transfer -- Title 365
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 New Conventional
Previous Owner $354,000 New Conventional
Previous Owner $300,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2024 08/23/24 Sold $1,580,000 -0.6% $648 / Sq Ft
07/09/2024 07/09/24 Pending -- -- --
06/04/2024 06/04/24 For Sale $1,590,000 -- $652 / 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
2024 $12,085 $988,380 $790,704 $197,676
2023 $11,904 $969,000 $775,200 $193,800
2022 $4,289 $332,888 $246,805 $86,083
2021 $4,243 $326,362 $241,966 $84,396
2019 $4,099 $316,684 $234,790 $81,894
2018 $4,071 $310,476 $230,187 $80,289
2016 $1,084 $60,631 $40,568 $20,063
2015 $1,070 $59,721 $39,959 $19,762
2014 $1,070 $58,552 $39,177 $19,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR24091764

California Regional Multiple Listing Service (CRMLS)

APN: 5339-016-003