NOT LISTED FOR SALE

4627 Delta Ave Rosemead, CA 91770

Estimated Value: $2,433,000 - $3,612,511

3 Beds
2 Baths
5,918 Sq Ft
$511/Sq Ft Est. Value

Last Sold December 07, 2012

Last sale price $1,460,000 $247 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $17,687/month

42 Days on Market

About This Home

As of December 2012

Excellent location in City of Rosemead. The area always has a high demand in rental. Subject property totally has 10 units, street number are from 4625 to 4633 Delta Av. 9 units 1 bed 1 bath, and 1 unit 2 bed 1 bath. Garden style one story apartments almost like single family houses. 5 individual buildings, the front building is 2 bed 1 bath, plus other 4 duplex buildings. Cap rate is 5.03%. Separate electric and gas meters, separate water heaters. Owner has good maintenance. Fully occupied with stable tenants. Rent below market value with upside potential. On site laundry can generate extra income. Nice carport with spacious space for either extra parking or storage. Huge lot, over 24 thousand sqft with redevelopment possibility, please check with City. Many new residential developments in the neighborhood. Close everything, grocery, shopping, dining, entertainment, school, park, public transportation, freeway 10, any more.
In the heart of San Gabriel Valley, south of Pasadena, Arcadia, and Temple City. Only 10 miles away from Downtown Los Angeles. Local population is still growing.
Information deemed reliable but not guaranteed. Please see attached marketing package and Annual Property Operating Data. ***Seller is very motivated!***

Last Agent to Sell the Property

Doresa Wang

Pinnacle Real Estate Group License #01523172 Listed on: 10/05/2012

Pinnacle Real Estate Group

Co-Listed By

Hubert King

Treeline Realty & Investment License #00553474

Last Buyer's Agent

Minh Huynh

CBD Investment Inc License #01131789

CBD Investment Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.56 Acre Lot

Home Design

  • 5,918 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 11 Parking Spaces
  • 11 Carport Spaces

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 6261
  • Assessor Parcel Number 5372012006

Community Details

Overview

  • 5 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $3,550
  • Maintenance Expense $1,500
  • Trash Expense $2,340
  • Water Sewer Expense $2,400
  • New Taxes Expense $21,235
  • Gross Income $9,350
  • Net Operating Income $77,971

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • CapRate: 5.03
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5372012006
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 246.70

Garage/Parking

  • Carport Spaces: 11.00
  • Total Parking Spaces: 11.00

Utilities

  • Trash Expense: 2340.00

Lot Info

  • Lot Size Sq Ft: 24328.00
  • Lot Size Acres: 0.5580

Multi Family

  • Gross Income: 9350.00
  • Gross Scheduled Income: 112200.00
  • Insurance Expense: 3550.00
  • Lot Size Area: 24328.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 77971.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 31985.00
  • Rent Control: No
  • Total Actual Rent: 9350.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 21235.00
  • Tax Lot: 39
  • Tax Tract Number: 6261

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2012
Closed on
Dec 5, 2012
Sold by
Su Tseng Hui and Su Cheng Hsiuchen
Bought by
Cheng Su Tseng Hui and Cheng Su Hsiu Chen
Seller's Agent
Doresa Wang
Pinnacle Real Estate Group
Buyer's Agent
Minh Huynh
CBD Investment Inc
List Price
$1,550,000
Sold Price
$1,460,000
Premium/Discount to List
-$90,000
-5.81%
Current Estimated Value
$3,022,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,562,756
Avg. Annual Appreciation
5.69%
Original Mortgage
$876,000
Outstanding Balance
$606,353
Interest Rate
3.35%
Mortgage Type
Commercial
Estimated Equity
$2,416,403

Purchase Details

Listed on
Oct 5, 2012
Closed on
Dec 4, 2012
Sold by
Ho Ky and Lam Pauline
Bought by
Su Tsenghui and Su Cheng Hsiuchen
Seller's Agent
Doresa Wang
Pinnacle Real Estate Group
Buyer's Agent
Minh Huynh
CBD Investment Inc
List Price
$1,550,000
Sold Price
$1,460,000
Premium/Discount to List
-$90,000
-5.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$876,000
Outstanding Balance
$606,353
Interest Rate
3.35%
Mortgage Type
Commercial
Estimated Equity
$2,416,403

Purchase Details

Closed on
Aug 23, 2007
Sold by
Vantrang Khuon
Bought by
Ho Ky and Lam Pauline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2005
Sold by
Li Zhi Min
Bought by
Vantrang Khuong Van

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 2004
Sold by
Lei Biao Lin
Bought by
Li Zhi Min

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
5.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 7, 2004
Sold by
Shen Tian Heh
Bought by
Li Zhi Min

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
5.73%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cheng Su Tseng Hui -- None Available
Su Tsenghui $1,460,000 Lawyers Title
Ho Ky $1,550,000 Ticor Title Company
Vantrang Khuong Van $1,450,000 Ticor
Li Zhi Min -- Chicago Title Co
Li Zhi Min -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Su Tsenghui $876,000
Previous Owner Ho Ky $900,000
Previous Owner Vantrang Khuong Van $725,000
Previous Owner Li Zhi Min $760,000
Previous Owner Li Zhi Min $760,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2012 12/07/12 Sold $1,460,000 -5.8% $247 / Sq Ft
11/16/2012 11/16/12 Pending -- -- --
10/05/2012 10/05/12 For Sale $1,550,000 -- $262 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,695 $1,797,872 $719,147 $1,078,725
2024 $23,695 $1,762,621 $705,047 $1,057,574
2023 $23,797 $1,728,061 $691,223 $1,036,838
2022 $22,671 $1,694,178 $677,670 $1,016,508
2021 $22,414 $1,660,960 $664,383 $996,577
2019 $22,064 $1,611,697 $644,678 $967,019
2018 $21,031 $1,580,096 $632,038 $948,058
2016 $20,026 $1,518,742 $607,497 $911,245
2015 $20,046 $1,495,930 $598,372 $897,558
2014 $19,644 $1,466,628 $586,651 $879,977
Source: Public Records

Agents Affiliated with this Home

  • Doresa Wang

    Seller's Agent in 2012

    Doresa Wang

    Pinnacle Real Estate Group

    (626) 877-6866

    1 in this area

    22 Total Sales

    Doresa Wang
    Section Image

  • H

    Seller Co-Listing Agent in 2012

    Hubert King

    Treeline Realty & Investment

    Section Image

  • M

    Buyer's Agent in 2012

    Minh Huynh

    CBD Investment Inc

    (626) 309-1900

    3 Total Sales

    Minh Huynh
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: W12124607

California Regional Multiple Listing Service (CRMLS)

APN: 5372-012-006

California Los Angeles County Rosemead 91770

4627 Delta Ave, Rosemead, CA

Not Listed for Sale

MultiFamily

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