NOT LISTED FOR SALE

421 W Ramona Rd Alhambra, CA 91803

Estimated Value: $937,000 - $1,249,000

3 Beds
2 Baths
1,290 Sq Ft
$841/Sq Ft Est. Value

Last Sold December 12, 2023

Last sale price $1,028,000 $797 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $6,207/month

342 Days on Market

Highlights

  • Quartz Countertops
  • No HOA
  • Tile Flooring
  • Ramona Elementary School Rated A-
  • Laundry Room
  • Ceiling Fan

About This Home

As of December 2023

Wow! This beautifully remodeled Duplex features two detached homes located in the highly desirable city of Alhambra. Great opportunity for investment and/or owner use with supplemental rental income. Centrally located conveniently near the 10 Freeway, the single-story FRONT HOUSE offers 2 bedrooms, 1 bathroom & the detached BACK HOUSE offers 1 bedrooms, 1 bathroom plus an office (which may be converted into a 2nd bedroom). The rear structure also includes alley-access featuring 3 individual Garage spaces plus a bonus area for carport. Recently remodeled interior features Laminate flooring throughout most areas, with clean carpets in bedrooms plus ceiling fan(s), remodeled bathrooms with newer cabinetry & impressive tiling in showers, and lovely remodeled kitchens in both units with Quartz counter tops and newer modern cabinetry! All stainless steel appliances included and matching chrome handles/ fixtures create a wonderful space to cook your favorite meals. Property has a spacious yard with plenty of potential and privacy. Separate gas and electricity meters. Additional parking spaces can be utilized on the street. Walking distance to Valley and Atlantic Blvd, restaurants, banks, supermarkets, schools, and Parks. Easy access to Highway 10 and highway 710. Only few miles to downtown LA and Pasadena. Don't miss this great opportunity!

Last Agent to Sell the Property

Marina Lopez

Coldwell Banker Dynasty T.C. License #01504538 Listed on: 11/15/2022

Coldwell Banker Dynasty T.C.

Last Buyer's Agent

RONG CHEN

UNIVERSAL ELITE REALTY License #02049167

UNIVERSAL ELITE REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 6,464 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Wrought Iron Fence
  • Rectangular Lot
  • Level Lot
  • Front Yard

Parking

  • 3 Car Garage
  • 1 Carport Space
  • Parking Available
  • Rear-Facing Garage
  • Three Garage Doors
  • No Driveway

Home Design

  • Duplex
  • Fire Rated Drywall
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,290 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Gas Range
  • Range Hood
  • Quartz Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Natural Gas Connected
  • Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 3 / 7
  • Tax Tract Number 481
  • Assessor Parcel Number 5357024002
  • $643 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $1,200
  • Insurance Expense $1,600
  • Trash Expense $840
  • Water Sewer Expense $900
  • New Taxes Expense $6,782
  • Operating Expense $11,322
  • Gross Income $55,200
  • Net Operating Income $43,878

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel, Privately Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 900.00
  • Zoning: ALRPD*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5357024002
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Quartz Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 796.90

Exterior Features

  • Direction Faces: South
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Drywall Walls, Wood Siding

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport, Garage Faces Rear, Garage - Three Door, No Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Range, Range Hood, Water Heater
  • Laundry Features: Common Area, Upper Level, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 6464.00
  • Lot Size Acres: 0.1484
  • Latitude Manual: 34.07201700

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 55200.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6464.0000 Square Feet
  • Net Operating Income: 43878.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 11322.00
  • Rent Control: Yes
  • Total Expenses: 11322.00

Tax Info

  • New Taxes Expense: 6782.00
  • Tax Block: 7
  • Tax Census Tract: 4816.05
  • Tax Lot: 3
  • Tax Tract Number: 481...
  • TaxOtherAnnualAssessmentAmount: 643.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2017
Closed on
May 1, 2017
Sold by
Covarrubias Arthur and The Gabriela Covarrubias Revoc
Bought by
Harc Properties Llc
Seller's Agent
Oscar Castrellon
High Ten Partners, Inc.
Buyer's Agent
Oscar Castrellon
High Ten Partners, Inc.
List Price
$607,000
Sold Price
$500,000
Premium/Discount to List
-$107,000
-17.63%
Current Estimated Value
$983,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$483,955
Avg. Annual Appreciation
9.44%

Purchase Details

Closed on
Mar 3, 2017
Sold by
Covarrusbias Martin and The Gabriela Covarrubias 2012
Bought by
Covarraubias Arthur and Gabriela Covarrubias Revocable

Purchase Details

Closed on
Dec 10, 2012
Sold by
Covarrubias Gabriela and The Gabriela Covarrubias Revoc
Bought by
Covarrubias Gabriela and Covarrubias Martin

Purchase Details

Closed on
Nov 24, 2010
Sold by
Covarrubias Gabriela and The Covarrubias Family Trust
Bought by
Covarrubias Gabriela and The Gabriela Covarrubias Revoc

Purchase Details

Closed on
Oct 31, 2003
Sold by
Covarrubias Felipe and Covarrubias Gabrieta
Bought by
Covarrubias Felipe L and Covarrubias Gabrieta

Purchase Details

Closed on
Jan 19, 1998
Sold by
Decd Trust Nelson Barbara L Tr Margaret M Rob
Bought by
Covarrubias Felipe and Covarrubias Gabriela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Harc Properties Llc $500,000 Fatcola
Covarraubias Arthur -- None Available
Covarrubias Gabriela -- None Available
Covarrubias Gabriela -- None Available
Covarrubias Felipe L -- --
Covarrubias Felipe $150,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Covarrubias Felipe $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/12/2023 12/12/23 Sold $1,028,000 +2.8% $797 / Sq Ft
11/09/2023 11/09/23 For Sale $1,000,000 -2.7% $775 / Sq Ft
11/07/2023 11/07/23 Off Market $1,028,000 -- --
10/23/2023 10/23/23 Pending -- -- --
11/15/2022 11/15/22 For Sale $1,000,000 +100.0% $775 / Sq Ft
05/26/2017 05/26/17 Sold $500,000 -17.6% $388 / Sq Ft View Prior Sale
05/12/2017 05/12/17 Pending -- -- --
04/04/2017 04/04/17 For Sale $607,000 -- $471 / 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
2025 $12,626 $1,048,560 $629,136 $419,424
2024 $12,626 $1,028,000 $616,800 $411,200
2023 $11,271 $906,000 $724,800 $181,200
2022 $6,852 $546,820 $437,457 $109,363
2021 $6,782 $536,099 $428,880 $107,219
2020 $6,747 $530,603 $424,483 $106,120
2019 $6,547 $520,200 $416,160 $104,040
2018 $6,559 $510,000 $408,000 $102,000
2016 $2,864 $206,517 $173,993 $32,524
2015 $2,745 $203,416 $171,380 $32,036
2014 $2,723 $199,432 $168,023 $31,409
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22239810

California Regional Multiple Listing Service (CRMLS)

APN: 5357-024-002