NOT LISTED FOR SALE

514 N Olive Ave Alhambra, CA 91801

Estimated Value: $1,267,000 - $1,584,000

5 Beds
3 Baths
2,225 Sq Ft
$625/Sq Ft Est. Value

Last Sold March 20, 2018

Last sale price $1,023,750 $460 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $8,414/month

17 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Paved or Partially Paved Lot
  • Garfield Elementary School Rated A-
  • Garden

About This Home

As of March 2018

Hard to find well maintained North Alhambra 3 units with two 2 bedroom and one 1 bedroom.
514 A is 2 Bedroom 1 Bath, 514 B is 1 Bedroom 1 Bath and 516 is 2 Bedroom 1 Bath
* Three covered parking space with one uncovered parking
* New Wood fence for the property
* Side by Side duplex in the front have new carpet
* Back unit with new shower and tub
* New roof for the garage
* Rain drainage system with water pump to the street

Last Agent to Sell the Property

Teresa Ting

MASTERS REALTY License #01187340 Listed on: 01/22/2018

MASTERS REALTY

Co-Listed By

Ryan Ting

MASTERS REALTY License #01848938

Last Buyer's Agent

Michelle Chen

Pacific Sterling Realty License #01435662

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 8,846 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Garden
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • 2,225 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 5338025004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $13,625
  • Operating Expense $18,185
  • Gross Income $51,600
  • Net Operating Income $47,040

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Zoning: ALRPD*
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5338025004
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 460.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Paved
  • Lot Size Sq Ft: 8846.00

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average2 Bed Area: 750 Square Feet
  • Gross Income: 51600.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 47040.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 4560.00
  • Rent Control: No
  • Total Expenses: 18185.00

Tax Info

  • New Taxes Expense: 13625.00
  • Tax Census Tract: 4803.03
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2018
Closed on
May 1, 2018
Sold by
Chen Michelle M
Bought by
Olive Property Investment Llc
Seller's Agent
Teresa Ting
MASTERS REALTY
Buyer's Agent
Michelle Chen
Pacific Sterling Realty
List Price
$1,090,000
Sold Price
$1,023,750
Premium/Discount to List
-$66,250
-6.08%
Current Estimated Value
$1,390,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,407
Avg. Annual Appreciation
3.97%

Purchase Details

Listed on
Jan 22, 2018
Closed on
Feb 6, 2018
Sold by
Tseng Ming Huing and Tseng Mei Li
Bought by
Chen Michelle M
Seller's Agent
Teresa Ting
MASTERS REALTY
Buyer's Agent
Michelle Chen
Pacific Sterling Realty
List Price
$1,090,000
Sold Price
$1,023,750
Premium/Discount to List
-$66,250
-6.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2002
Sold by
Tseng Ming Hiung and Tseng Mei Li
Bought by
Tseng Ming Hiung and Tseng Mei Li
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Olive Property Investment Llc -- None Available
Chen Michelle M $1,024,000 Chicago Title Company
Tseng Ming Hiung -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Michelle M $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2018 03/20/18 Sold $1,023,750 -6.1% $460 / Sq Ft
01/22/2018 01/22/18 For Sale $1,090,000 -- $490 / 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 $14,339 $1,165,131 $796,478 $368,653
2024 $14,339 $1,142,286 $780,861 $361,425
2023 $14,195 $1,119,889 $765,550 $354,339
2022 $13,517 $1,097,932 $750,540 $347,392
2021 $13,380 $1,076,405 $735,824 $340,581
2020 $13,310 $1,065,949 $728,280 $337,669
2019 $12,911 $1,045,060 $714,000 $331,060
2018 $4,487 $306,687 $264,038 $42,649
2016 $4,148 $294,223 $253,786 $40,437
2015 $4,091 $289,804 $249,974 $39,830
2014 $4,060 $284,128 $245,078 $39,050
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18016057

California Regional Multiple Listing Service (CRMLS)

APN: 5338-025-004