NOT LISTED FOR SALE

5122 Halifax Rd Temple City, CA 91780

Estimated Value: $1,382,000 - $1,692,000

4 Beds
4 Baths
2,251 Sq Ft
$692/Sq Ft Est. Value

Last Sold December 04, 2023

Last sale price $1,399,990 $622 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,946/month

33 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • Laundry Room
  • Rosemead High School Rated A
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring

About This Home

As of December 2023

Wonderful & ideal investment Property located within a lovely residential neighborhood in Temple City! Wow! This rare Duplex + Studio Income Property possesses nice charm and character, and most importantly, possesses strong rental capabilities OR owner-occupy potential flexibility. Property features a large 13,499 SF Lot Size and comprises a front house with 3 bedrooms, 1.5 baths, and an attached covered carport and separate driveway for Parking; The rear house features 2 bedrooms, 1 bath and an attached covered carport as well as a detached two-car garage; Additionally, the pool house has been converted to a studio with 1 bathroom. In addition, Property also features a double-wide elongated concrete Driveway for plenty of Parking as well as an In-ground pool which is a nice value-add bonus for properties in CA. (2) Separate Meters for Gas, Water, and Electricity. Buyer shall be responsible to verify all info to own satisfaction and conduct due diligence and investigations regarding all aspects about the Property. Close proximity to plenty of retail shopping, wide array of restaurants and amenities, public transportation, and just a few blocks away from Live Oak Park!

Last Agent to Sell the Property

Joseph Wong

Coldwell Banker Dynasty T.C. License #01257441 Listed on: 09/01/2023

Coldwell Banker Dynasty T.C.

Last Buyer's Agent

Shelly Chen

Harvest Realty Development License #01311160

Harvest Realty Development

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,494

Year Built

  • Built in 1962

Lot Details

  • 0.31 Acre Lot
  • No Common Walls
  • Wood Fence
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Attached Carport Spaces
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Duplex
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,251 Sq Ft Home
  • 1-Story Property
  • Sliding Doors
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Oven
  • Range Hood

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 7 / C
  • Tax Tract Number 11290
  • Assessor Parcel Number 8585023010
  • $885 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $9,600
  • Trash Expense $3,000
  • Operating Expense $12,600
  • Gross Income $26,400
  • Net Operating Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,494

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 710000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Zoning: TCR172
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8585023010
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 621.94

Exterior Features

  • Exterior Features: Lighting, Rain Gutters
  • Fence: Yes
  • Fencing: Wood
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Frame

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Attached Carport, Driveway, Concrete
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Range Hood, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft, Rectangular Lot, Level, Sprinkler System, Sprinklers In Front
  • Lot Size Sq Ft: 13499.00
  • Lot Size Acres: 0.3099

Multi Family

  • Average Studio Area: 350 Square Feet
  • Gross Income: 26400.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 9600.00
  • Lot Size Area: 13499.0000 Square Feet
  • Net Operating Income: 26400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 18000.00
  • Rent Control: No
  • Total Actual Rent: 26400.00
  • Total Expenses: 12600.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 4321.01
  • Tax Lot: 7
  • Tax Tract Number: 11290
  • TaxOtherAnnualAssessmentAmount: 885.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
Oct 24, 2023
Sold by
Halifax Land Trust
Bought by
Lee John Che-Cherng
Seller's Agent
Joseph Wong
Coldwell Banker Dynasty T.C.
Buyer's Agent
Shelly Chen
Harvest Realty Development
List Price
$1,400,000
Sold Price
$1,399,990
Premium/Discount to List
-$10
0.0%
Views
37
Current Estimated Value
$1,557,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,870
Avg. Annual Appreciation
6.53%
Original Mortgage
$1,119,950
Outstanding Balance
$1,106,448
Interest Rate
9.13%
Mortgage Type
New Conventional
Estimated Equity
$451,412

Purchase Details

Listed on
Sep 1, 2023
Closed on
Oct 13, 2023
Sold by
Lee Lisa
Bought by
Lee John Che-Cherng
Seller's Agent
Joseph Wong
Coldwell Banker Dynasty T.C.
Buyer's Agent
Shelly Chen
Harvest Realty Development
List Price
$1,400,000
Sold Price
$1,399,990
Premium/Discount to List
-$10
0.0%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,119,950
Outstanding Balance
$1,106,448
Interest Rate
9.13%
Mortgage Type
New Conventional
Estimated Equity
$451,412

Purchase Details

Listed on
Oct 14, 2014
Closed on
Feb 23, 2015
Sold by
Garcia Carmen H and Segovia Mary A
Bought by
Halifax Land Trust
Seller's Agent
Carmen Garcia
Coldwell Banker Dynasty T.C.
Buyer's Agent
Kelvin Chang
Coldwell Banker Dynasty T.C.
List Price
$890,000
Sold Price
$820,000
Premium/Discount to List
-$70,000
-7.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%

Purchase Details

Closed on
Oct 29, 2004
Sold by
Fox Russell L and Fox Linda Kay
Bought by
Garcia Carmen H and Segovia Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2004
Sold by
Fox Russell L
Bought by
Fox Russell L and Fox Linda Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 2004
Sold by
Fox Judith D
Bought by
Fox Russell L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.24%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
Lee John Che-Cherng $1,400,000 Lawyers Title
Lee John Che-Cherng -- Lawyers Title Company
Halifax Land Trust $820,000 Fidelity National Title Co
Garcia Carmen H $655,000 Alliance Title
Fox Russell L -- --
Fox Russell L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee John Che-Cherng $1,119,950
Previous Owner Garcia Carmen H $620,000
Previous Owner Garcia Carmen H $51,600
Previous Owner Garcia Carmen H $524,000
Previous Owner Fox Russell L $150,000
Previous Owner Fox Judith $234,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2023 12/04/23 Sold $1,399,990 -1.4% $622 / Sq Ft
09/22/2023 09/22/23 Price Changed $1,420,000 +1.4% $631 / Sq Ft
09/12/2023 09/12/23 Price Changed $1,400,000 -3.4% $622 / Sq Ft
09/01/2023 09/01/23 Price Changed $1,450,000 +3.6% $644 / Sq Ft
09/01/2023 09/01/23 For Sale $1,400,000 +70.7% $622 / Sq Ft
03/02/2015 03/02/15 Sold $820,000 -7.9% $364 / Sq Ft
01/08/2015 01/08/15 Pending -- -- --
10/14/2014 10/14/14 For Sale $890,000 -- $395 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $17,494 $1,428,000 $1,001,640 $426,360
2024 $17,494 $1,400,000 $982,000 $418,000
2023 $12,131 $947,241 $664,225 $283,016
2022 $11,753 $928,668 $651,201 $277,467
2021 $11,502 $910,460 $638,433 $272,027
2020 $11,464 $901,125 $631,887 $269,238
2019 $11,704 $883,457 $619,498 $263,959
2018 $11,444 $866,135 $607,351 $258,784
2016 $10,122 $771,253 $539,291 $231,962
2015 $10,019 $759,669 $531,191 $228,478
2014 $9,597 $744,789 $520,786 $224,003
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR23162264

California Regional Multiple Listing Service (CRMLS)

APN: 8585-023-010