NOT LISTED FOR SALE

428 N Curtis Ave Alhambra, CA 91801

3 Beds
2 Baths
7,074 Sq Ft
8,118 Sq Ft Lot

Last Sold October 23, 2017

Last sale price $2,450,000 $346 Per Sq Ft

52 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Central Heating and Cooling System
  • Garfield Elementary School Rated A-
  • Laundry Room
  • Level Lot

About This Home

As of October 2017

428 N Curtis Ave is an extremely well maintained 6-unit TOWNHOUSE STYLE apartment building located in the highly desirable city of Alhambra, California. This beautiful income property has all the desirable features perfect for any value-add investor looking to acquire an apartment property and maximize its income potential. The units are currently leased to many long-time tenants on a month-to-month agreement at below market rents. With no rent control and an excellent rental market, Buyers can quickly add value and increase the income.
The property consists of a very large building built in 1987. Perfectly manicured landscaping allow for excellent curb appeal. Each unit boasts a 3 bedroom + 2 bathroom Townhouse style with spacious layout containing large square footage (±1179 sq. ft.). Each unit has central A/C, fire sprinkler system, tiled and laminate wood flooring throughout, skylight in the staircase area, granite kitchen countertops, newer kitchen cabinetry, double pane windows throughout, copper plumbing, individual water heater, and much more. Each unit has an attached 2-car garage with sliding doors and remote openers. One unit has an added half bathroom which makes it a 3bed+2.5bath unit.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 07/15/2017

Last Buyer's Agent

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 07/15/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 8,118 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 12 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 7,074 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5338017026

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $396
  • Gardener Expense $960
  • Insurance Expense $1,612
  • Maintenance Expense $2,160
  • Other Expense $2,031
  • Supplies Expense $960
  • Trash Expense $2,000
  • Water Sewer Expense $2,380
  • New Taxes Expense $29,111
  • Operating Expense $41,826
  • Gross Income $117,000
  • Net Operating Income $71,664

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

12

Listing Details

  • Other Phone Description: Marketing
  • Other Phone Number: 6265944901
  • Price Per Unit: 433000
  • Property Attached: Yes
  • Supplies Expense: 960.00
  • Water Sewer Expenses: 2380.00
  • Zoning: ALRPD*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5338017026
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 346.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Level, Near Public Transit
  • Lot Size Sq Ft: 8118.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average3 Bed Area: 1179 Square Feet
  • Electric Expense: 396.00
  • Gross Income: 117000.00
  • Gross Operating Income: 113490.00
  • Gross Scheduled Income: 117000.00
  • Insurance Expense: 1612.00
  • Maintenance Expense: 2160.00
  • Net Operating Income: 71664.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Operating Expense: 41826.00
  • Other Expense: 2031.00
  • Other Expense Description: assessme
  • Rent Control: No
  • Total Expenses: 41826.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 29111.00
  • Tax Census Tract: 4803.03

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2017 10/23/17 Sold $2,450,000 -5.7% $346 / Sq Ft
09/05/2017 09/05/17 Pending -- -- --
07/15/2017 07/15/17 For Sale $2,599,000 +18.1% $367 / Sq Ft
06/15/2016 06/15/16 Sold $2,200,000 -8.3% $311 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
05/11/2016 05/11/16 For Sale $2,400,000 -- $339 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Han Widjaja-Chen

    Seller's Agent in 2017

    Han Widjaja-Chen

    GIG Real Estate Inc.

    (626) 594-4901

    44 Total Sales

    Han Widjaja-Chen
    Section Image

  • R

    Seller's Agent in 2016

    Robert Chan

    Palm International Real Estate Inc.

    (626) 872-6039

    3 Total Sales

    Robert Chan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17161607

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Alhambra 91801

428 N Curtis Ave, Alhambra, CA

This home is located at 428 N Curtis Ave, Alhambra, CA 91801 since 15 July 2017. This property was built in 1987. 428 N Curtis Ave is a home located in Los Angeles County with nearby schools including Garfield Elementary School, Alhambra High School, and All Souls World Language Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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