NOT LISTED FOR SALE

Estimated Value: $1,088,000 - $1,140,000

5 Beds
3 Baths
1,863 Sq Ft
$593/Sq Ft Est. Value

Last Sold November 01, 2022

Last sale price $950,000 $510 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,814/month

29 Days on Market

Highlights

  • All Bedrooms Downstairs
  • City Lights View
  • Den
  • Park Elementary School Rated A-
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of November 2022

Welcome to San Gabriel Valley, the great City of Alhambra. Only 5 minutes to Downtown Alhambra, 1.5 miles to South Pasadena, and 5 miles to Downtown Los Angles. Great opportunity to own a triplex with so many upsides potential, no rent control. 2 separate buildings, the unit includes: (2) 2BD/1BA and (1) 1BD/1BA. Each units have separate gas and electrical meters. Long driveway to accommodate multiple vehicles. DRIVE BY ONLY. DO NOT DISTURB TENANTS. All units have long-term tenants.

Last Agent to Sell the Property

Tiffany Le

HAPPY HOME REALTY, INC License #01963022 Listed on: 09/12/2022

Last Buyer's Agent

Robert Huang

DYNASTY REAL ESTATE License #01887827

DYNASTY REAL ESTATE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 9,010 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Chain Link Fence
  • Rectangular Lot
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex
  • Fixer Upper
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 1,863 Sq Ft Home
  • Living Room
  • Den
  • Laminate Flooring
  • City Lights Views

Kitchen

  • Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • Converted Bedroom
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 6 / C
  • Tax Tract Number 5
  • Assessor Parcel Number 5338032003
  • $1,006 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $420
  • Insurance Expense $1,104
  • Professional Management Expense $2,203
  • Trash Expense $856
  • Water Sewer Expense $1,500
  • New Taxes Expense $12,475
  • Operating Expense $18,685
  • Gross Income $18,035
  • Net Operating Income $18,035

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Professional Management Expense: 2203.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: ALRPD*
  • Property Condition: Fixer
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 420.00
  • Parcel Number: 5338032003
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 509.93
  • Room Type: All Bedrooms Down, Converted Bedroom, Den, Kitchen, Living Room

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • View: City Lights
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: No
  • Laundry: No
  • Appliances: Gas Range, Gas Water Heater, Microwave
  • Sewer: Public Sewer
  • Trash Expense: 856.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Rectangular Lot, Walkstreet
  • Lot Size Sq Ft: 9010.00
  • Lot Size Acres: 0.2068

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 18035.00
  • Gross Scheduled Income: 36720.00
  • Insurance Expense: 1104.00
  • Lot Size Area: 9010.0000 Square Feet
  • Net Operating Income: 18035.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 18685.00
  • Rent Control: No
  • Total Expenses: 18685.00

Tax Info

  • New Taxes Expense: 12475.00
  • Tax Block: C
  • Tax Census Tract: 4803.04
  • Tax Lot: 6
  • Tax Tract Number: 5
  • TaxOtherAnnualAssessmentAmount: 1006.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2022
Closed on
Oct 17, 2022
Sold by
Hwang Steve T and Melinda Feng Lin 1997 Trust
Bought by
2002 Tsung Kuei Wu And Chung Yao Huang Revoca and Wu
Seller's Agent
Tiffany Le
HAPPY HOME REALTY, INC
Buyer's Agent
Robert Huang
DYNASTY REAL ESTATE
List Price
$998,000
Sold Price
$950,000
Premium/Discount to List
-$48,000
-4.81%
Views
11
Current Estimated Value
$1,115,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,411
Avg. Annual Appreciation
4.79%

Purchase Details

Closed on
Jul 21, 1997
Sold by
Hwang Melinda F
Bought by
Lin Melind Feng and Melinda Feng Lin 1997 Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2002 Tsung Kuei Wu And Chung Yao Huang Revoca $950,000 Chicago Title Company
Lin Melind Feng -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2022 11/01/22 Sold $950,000 -4.8% $510 / Sq Ft
10/11/2022 10/11/22 Pending -- -- --
09/28/2022 09/28/22 For Sale $998,000 +5.1% $536 / Sq Ft
09/24/2022 09/24/22 Off Market $950,000 -- --
09/24/2022 09/24/22 For Sale $998,000 +5.1% $536 / Sq Ft
09/23/2022 09/23/22 Off Market $950,000 -- --
09/12/2022 09/12/22 For Sale $998,000 -- $536 / 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 $12,258 $988,380 $832,320 $156,060
2024 $12,258 $969,000 $816,000 $153,000
2023 $12,155 $950,000 $800,000 $150,000
2022 $8,244 $632,765 $364,060 $268,705
2021 $8,111 $620,359 $356,922 $263,437
2020 $8,070 $613,999 $353,263 $260,736
2019 $7,837 $601,961 $346,337 $255,624
2018 $7,793 $590,159 $339,547 $250,612
2016 $7,186 $567,245 $326,363 $240,882
2015 $7,081 $558,725 $321,461 $237,264
2014 $7,004 $547,782 $315,165 $232,617
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22191411

California Regional Multiple Listing Service (CRMLS)

APN: 5338-032-003