NOT LISTED FOR SALE
6 Beds
5 Baths
10,500 Sq Ft
0.38 Acre Lot

Sale Details

Date Sold: March 9, 2017

Last sale price $2,150,000 $205 Per Sq Ft

14 Days on Market

About This Home

As of March 2017

Well maintained turn key 14 units apartments with upside potential in one of the most sought after rental market. Easy access to major freeways and downtown district. Over 10500 SF, 16740 sf lot built in 1961 near Alhambra neighborhood. Excellent unit mixture of 1 studio, 4 one bedroom, 8 two bedroom and 1 three bedroom two bath. Recent remodeling including exterior paint for city inspection.

Last Agent to Sell the Property

Joshua Cho

Joshua Cho, Broker License #01018822 Listed on: 01/25/2017

Last Buyer's Agent

Rao Yalamanchili

Positive Investments License #00530548

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 16,740 Sq Ft Lot
  • No Common Walls

Home Design

  • 10,500 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 93,9
  • Tax Tract Number 12234
  • Assessor Parcel Number 5215001006

Community Details

Overview

  • 14 Units

Building Details

  • 14 Leased Units
  • Rent Control
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $6,000
  • Water Sewer Expense $18,000
  • Operating Expense $27,600
  • Gross Income $350
  • Net Operating Income $104,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0.38 Acres

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 18000.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5215001006
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 204.76

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 16740.00

Multi Family

  • Gross Income: 350.00
  • Gross Scheduled Income: 156000.00
  • Insurance Expense: 6000.00
  • Net Operating Income: 104400.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 51600.00
  • Rent Control: Yes
  • Total Actual Rent: 13140.00
  • Total Expenses: 27600.00

Tax Info

  • Tax Census Tract: 2014.02
  • Tax Lot: 93,9
  • Tax Tract Number: 12234

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

Closed on
Sep 3, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,573,800
Interest Rate
3.5%

Purchase Details

Listed on
Jan 25, 2017
Closed on
Feb 15, 2017
Sold by
Bought by
Seller's Agent
Joshua Cho
Joshua Cho, Broker
Buyer's Agent
Rao Yalamanchili
Positive Investments
List Price
$2,290,000
Sold Price
$2,150,000
Premium/Discount to List
-$140,000
-6.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,560,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 11, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2004
Sold by
Bought by

Purchase Details

Closed on
May 21, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
7.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,310,000 North American Title Company
$2,150,000 Title 365
-- Fidelity National Title
-- --
$640,000 Lawyers Title
$393,500 Fidelity National Title Ins
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 $1,750,000
Closed $1,848,000
Previous Owner $1,573,800
Previous Owner $1,325,000
Previous Owner $1,560,000
Previous Owner $500,000
Previous Owner $500,000
Previous Owner $480,000
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
03/09/2017 03/09/17 Sold $2,150,000 -6.1% $205 / Sq Ft
02/08/2017 02/08/17 Pending -- -- --
01/25/2017 01/25/17 For Sale $2,290,000 -- $218 / 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
2025 $32,171 $2,526,318 $1,432,673 $1,093,645
2024 $31,722 $2,476,783 $1,404,582 $1,072,201
2023 $31,132 $2,428,220 $1,377,042 $1,051,178
2022 $29,739 $2,380,609 $1,350,042 $1,030,567
2021 $29,342 $2,333,931 $1,323,571 $1,010,360
2019 $28,169 $2,237,640 $1,342,116 $895,524
2018 $27,818 $2,193,780 $1,315,800 $877,980
2016 $10,494 $764,527 $499,172 $265,355
2015 $10,359 $753,044 $491,674 $261,370
2014 $10,724 $738,294 $482,043 $256,251
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17016450

California Regional Multiple Listing Service (CRMLS)
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