NOT LISTED FOR SALE

506 S Electric Ave Alhambra, CA 91803

Estimated Value: $1,453,000 - $1,698,362

6 Beds
3 Baths
3,421 Sq Ft
$460/Sq Ft Est. Value

Last Sold September 26, 2014

Last sale price $921,500 $269 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $9,323/month

12 Days on Market

About This Home

As of September 2014

3 Units located in Desirable area of Alhambra, Very well maintained triplex, Front Unit 506-2bedrooms & 1bath, newer roof in front unit. 508 #A-2bedrooms & 1bath. 508#B-2bedrooms & 1bath, Newly remodeled. Convenience to everything, Shopping centers, Banks, Schools, Parks, Restaurants & Downtown Alhambra. All 3 complex are very Spacious interior with Large Bedrooms and spacious bathrooms, Great Floor Plan. Washer and Dryer Hook up in each units. Front yard & Backyard. Large parking area, 2 parking space for each units. Front unit is detached from the back unit, two buildings on Huge lot. No Vacancies, Long term tenants, rents are extremely low, potential to increase rent. Don't Miss this Fine Opportunity! Drive by Only,Please don't walk on property or disturb tenants, Thank you!

Last Agent to Sell the Property

Janici Pan

JPAN REALTY License #01405599 Listed on: 08/16/2014

Last Buyer's Agent

Kathy Meng

PHD REALTY License #01713307

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,949 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Interior Spaces

  • 3,421 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • 3 Carport Spaces

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 4809
  • Assessor Parcel Number 5343013015

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,865
  • Water Sewer Expense $2,250
  • Gross Income $3,330

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2250.00
  • Property Type: Residential Income
  • Parcel Number: 5343013015
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 269.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7949.00
  • Lot Size Acres: 0.1820

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3330.00
  • Gross Scheduled Income: 39960.00
  • Insurance Expense: 1865.00
  • Lot Size Area: 7949.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Lot: 15
  • Tax Tract Number: 4809
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2016
Sold by
Leung Ted Takpui and Leung Debby Sauhan
Bought by
Leung Ted Takpui and Leung Debby Sauhan
Current Estimated Value
$1,574,341

Purchase Details

Closed on
Dec 19, 2016
Sold by
Leung Ted Takpui and Leung Debby Sauhan
Bought by
Leung Ted Takpui and Leung Debby Sauhan

Purchase Details

Closed on
Jun 24, 2016
Sold by
Leung Ted Takpui and Leung Debby Sauhan
Bought by
Leung Ted Takpui and Leung Debby Sauhan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,000
Outstanding Balance
$327,217
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$1,247,124

Purchase Details

Listed on
Aug 16, 2014
Closed on
Sep 18, 2014
Sold by
Fung Kin Yang and Fung Winnie
Bought by
Leung Ted Takpui and Leung Debby Sauhan
Seller's Agent
Janici Pan
JPAN REALTY
Buyer's Agent
Kathy Meng
PHD REALTY
List Price
$868,000
Sold Price
$921,500
Premium/Discount to List
$53,500
6.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.83%

Purchase Details

Closed on
Apr 23, 2004
Sold by
Fung Kin Yan and Fung Winnie Shuk Yuen
Bought by
Fung Family Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Leung Ted Takpui -- Accommodation
Leung Ted Takpui -- None Available
Leung Ted Takpui -- Chicago Title
Leung Ted Takpui $921,500 Fatcola
Fung Family Revocable Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leung Ted Takpui $411,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2014 09/26/14 Sold $921,500 +6.2% $269 / Sq Ft
08/25/2014 08/25/14 Pending -- -- --
08/13/2014 08/13/14 For Sale $868,000 -- $254 / 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 $13,771 $1,107,494 $558,855 $548,639
2024 $13,771 $1,085,780 $547,898 $537,882
2023 $13,640 $1,064,491 $537,155 $527,336
2022 $12,994 $1,043,620 $526,623 $516,997
2021 $12,854 $1,023,158 $516,298 $506,860
2020 $12,786 $1,012,667 $511,004 $501,663
2019 $12,407 $992,812 $500,985 $491,827
2018 $12,371 $973,346 $491,162 $482,184
2016 $11,372 $935,552 $472,091 $463,461
2015 $11,202 $921,500 $465,000 $456,500
2014 $6,778 $522,329 $264,843 $257,486
Source: Public Records

Agents Affiliated with this Home

  • Janici Pan

    Seller's Agent in 2014

    Janici Pan

    JPAN REALTY

    (626) 318-7994

    24 Total Sales

    Janici Pan
    Section Image

  • K

    Buyer's Agent in 2014

    Kathy Meng

    PHD REALTY

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14173870

California Regional Multiple Listing Service (CRMLS)

APN: 5343-013-015

California Los Angeles County Alhambra 91803

506 S Electric Ave, Alhambra, CA

Not Listed for Sale

MultiFamily

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