NOT LISTED FOR SALE

Estimated Value: $1,267,004 - $1,276,000

6 Beds
5 Baths
2,828 Sq Ft
$450/Sq Ft Est. Value

Last Sold December 19, 2022

Last sale price $1,100,000 $389 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,322/month

41 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • 1-Story Property
  • William Northrup Elementary School Rated A-
  • Fenced

About This Home

As of December 2022

Rare & Unique investment property with value add potential! This 5 unit multifamily property consists of 2 detached buildings, comprised of (4) 1 bedroom + 1 Bathroom Units, and a Studio, along with a detached 4 car garage. 501 S 5th St is located in a great Alhambra neighborhood, on a corner lot on West Mission Road and is nearby the Alhambra Golf Course, and many shops, restaurants, and great schools. Perfect investment opportunity for an owner/user, developer, or passive investor!

Last Agent to Sell the Property

David Weinberger

Keller Williams Studio City License #01349349 Listed on: 09/09/2022

Keller Williams Studio City

Co-Listed By

Megan Husri

Keller Williams Studio City License #02089901

Last Buyer's Agent

Erik Fernandez

eXp Realty of California Inc License #02136917

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,873

Year Built

  • Built in 1930

Lot Details

  • 10,508 Sq Ft Lot
  • Fenced
  • Corner Lot

Parking

  • 1 Open Parking Space
  • 4 Car Garage
  • On-Street Parking

Interior Spaces

  • 2,828 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Location

  • City Lot

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Community Details

  • 3 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5344-014-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,873

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2828
  • Lot Acreage: 0.2412
  • Stories: 1
  • Year Built: 1930
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 5.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 424.33

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 1
  • Garage Structures: 1
  • Parking Garage: Garage - 4+ Car, Private, On street
  • Total Parking: 5

Utilities

  • Cooling: Wall Unit(s), Wall/Window
  • Heating: Forced Air

Fee Information

  • Other Expense: 23991.00

Lot Info

  • Assessed Improvement Percent: 42.58
  • Assessed Improvement Value: 243373
  • Assessed Land Percent: 57.42
  • Assessed Land Value: 328138
  • Total Assessed Value: 571511
  • Assessor Parcel Number: 5344-014-021
  • Lot Description: Walk Street, Fenced, Street Paved, Street Lighting
  • Lot Location: Corner Lot, City
  • Lot Size Area: 10508

Rental Info

  • Total Actual Rent: 51028.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 23.50
  • Number Of Units: 5
  • Total Annual Expense: 23991
  • Type Of Units: 5
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2022
Closed on
Dec 12, 2022
Sold by
Mosier Robert P
Bought by
Chung Tri Vy and Liang Jessie Chang
Seller's Agent
David Weinberger
Keller Williams Studio City
Buyer's Agent
Erik Fernandez
eXp Realty of California Inc
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Views
17
Current Estimated Value
$1,271,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,502
Avg. Annual Appreciation
6.57%

Purchase Details

Closed on
Feb 29, 2020
Sold by
Tseng Kelvin and Tseng Anna
Bought by
Tseng Kelvin Kien and Tseng Anna Wang

Purchase Details

Closed on
Aug 18, 2018
Sold by
Akopyan Andre
Bought by
Akopyan Andre

Purchase Details

Closed on
Feb 26, 2018
Sold by
Wang David and Wang Sandy
Bought by
Wang David and Wang Sandy

Purchase Details

Closed on
Oct 28, 2016
Sold by
Poon Wayne and Poon Rita
Bought by
The Wayne & Rita Poon Living Trust
Source: Public Records

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Range of Values:

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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
Chung Tri Vy $1,100,000 Orange Coast Title
Tseng Kelvin Kien -- None Available
Akopyan Andre -- None Available
Wang David -- None Available
The Wayne & Rita Poon Living Trust -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2022 12/19/22 Sold $1,100,000 -8.3% $389 / Sq Ft
10/20/2022 10/20/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $1,200,000 -- $424 / Sq Ft
Source: The MLS

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
2024 $14,873 $1,122,000 $969,000 $153,000
2023 $14,823 $1,100,000 $950,000 $150,000
2022 $8,539 $582,940 $334,700 $248,240
2021 $8,453 $571,511 $328,138 $243,373
2020 $8,425 $565,652 $324,774 $240,878
2019 $8,207 $554,561 $318,406 $236,155
2018 $8,138 $543,688 $312,163 $231,525
2016 $7,508 $522,579 $300,043 $222,536
2015 $7,407 $514,731 $295,537 $219,194
2014 $7,349 $504,649 $289,748 $214,901
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-198369

The MLS

APN: 5344-014-021