NOT LISTED FOR SALE

428 N Curtis Ave Alhambra, CA 91801

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

Sale Details

Date 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
  • Laundry Facilities
  • Garfield Elementary School Rated A-
  • Central Heating and Cooling System
  • 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

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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

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

8,118 Sq Ft Lot

Parking

12

Listing Details

  • 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

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
Jul 15, 2017
Closed on
Aug 30, 2017
Sold by
Bought by
Seller's Agent
Han Widjaja-Chen
GIG Real Estate Inc.
Buyer's Agent
Han Widjaja-Chen
GIG Real Estate Inc.
List Price
$2,599,000
Sold Price
$2,450,000
Premium/Discount to List
-$149,000
-5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
3.78%
Mortgage Type
Negative Amortization

Purchase Details

Listed on
May 25, 2016
Closed on
Jun 9, 2016
Sold by
Bought by
Seller's Agent
Robert Chan
Palm International Real Estate Inc.
Buyer's Agent
Robert Chan
Palm International Real Estate Inc.
List Price
$2,400,000
Sold Price
$2,200,000
Premium/Discount to List
-$200,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%

Purchase Details

Closed on
Feb 23, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 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
$490,000
Interest Rate
7.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 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
$490,000
Interest Rate
7.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 27, 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
$490,000
Interest Rate
7.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 1994
Sold by
Bought by
Source: Public Records

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
$2,450,000 North American Title Company
$2,200,000 Title 365
-- None Available
-- --
-- Southland Title
$724,000 Southland Title
-- Old Republic Title
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 $1,000,000
Previous Owner $875,000
Previous Owner $1,200,000
Previous Owner $300,000
Previous Owner $990,000
Previous Owner $600,000
Previous Owner $100,000
Previous Owner $800,000
Previous Owner $490,000
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
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 View Prior Sale
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

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 $35,285 $2,787,676 $1,820,524 $967,152
2024 $34,268 $2,733,017 $1,784,828 $948,189
2023 $33,875 $2,679,430 $1,749,832 $929,598
2022 $32,253 $2,626,893 $1,715,522 $911,371
2021 $31,912 $2,575,386 $1,681,885 $893,501
2019 $30,791 $2,499,800 $1,632,000 $867,800
2018 $30,949 $2,450,800 $1,600,000 $850,800
2016 $12,157 $903,244 $78,613 $824,631
2015 $11,987 $889,678 $77,433 $812,245
2014 $11,869 $872,252 $75,917 $796,335
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17161607

California Regional Multiple Listing Service (CRMLS)
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