NOT LISTED FOR SALE
-- Beds
-- Baths
38,996 Sq Ft
1.55 Acre Lot

Sale Details

Date Sold: July 9, 2020

Last sale price $14,650,000 $376 Per Sq Ft

112 Days on Market

Highlights

  • In Ground Pool
  • 67,511 Sq Ft lot
  • Gated Home
  • Wilson Elementary School Rated A-
  • Wood Flooring

About This Home

As of July 2020

Located in the vibrant San Gabriel Valley, this 62-unit, low-rise garden-style community offers a strong unit mix of studios, one-bedrooms and two-bedrooms, and is currently at high occupancy.

Residents enjoy gated parking ( 81 spaces), an on-site laundry facility, refreshing pool and well-landscaped communal areas. Many units have already received modernization upgrades including laminate/vinyl plank flooring, granite countertops, new cabinetry and wall mounted A/C units.

Walking distance you will find a strong mixture of retail, grocery, and dining locals. Recreational/open-space options nearby with convenient access to everyday errands and lifestyle amenities

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 08/26/2019

Last Buyer's Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 08/26/2019

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Property Details

Home Type

  • Multi-Family

Lot Details

  • 1.55 Acre Lot
  • Gated Home

Home Design

Interior Spaces

  • 38,996 Sq Ft Home
  • 2-Story Property
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Parking

  • 81 Parking Spaces
  • Carport
  • Uncovered Parking

Pool

  • In Ground Pool
  • Fence Around Pool

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 62 Units

Listing and Financial Details

  • Assessor Parcel Number 5387-002-023

Property Details

Home Type

Multi-Family

Lot Details

1.55 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 38996
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 402.61

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Pool Description: Fenced
  • Pool: Yes

Garage/Parking

  • Parking Garage: Carport, Uncovered
  • Total Parking: 81

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Security: Gated

Lot Info

  • Assessor Parcel Number: 5387-002-023
  • Geocode Override: No
  • Lot Size Area: 67511

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 62
  • Type Of Units: Multifamily

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2020
Sold by
Coral Reef Apartments Llc
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
3.1%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 7, 2002
Sold by
Maltun Alan H
Bought by
Coral Reef Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,150,000
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 1998
Sold by
Tornberg Ralph Tr Ralph Tornberg Trust
Bought by
Maltun Alan H and Maltun Gail

Purchase Details

Closed on
Mar 3, 1997
Sold by
Goren Amy F
Bought by
Tornberg Ralph and Kornreich Kurt

Purchase Details

Closed on
Feb 7, 1997
Sold by
Kornreich Kurt
Bought by
Tornberg Ralph and Ralph Tornberg Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$14,650,000 North American Title
Coral Reef Apartments Llc -- Fidelity
Maltun Alan H $2,585,000 United Title Company
Tornberg Ralph -- --
Tornberg Ralph -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $12,250,000
Previous Owner Pasadena Partners Lp $10,000,000
Previous Owner Coral Reef Apartments Llc $6,000,000
Previous Owner Coral Reef Apartments Llc $4,800,000
Previous Owner Coral Reef Apartments Llc $2,936,000
Previous Owner Coral Reef Apartments Llc $3,150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/17/2026 07/17/26 Off Market $2,300 -- --
05/15/2026 05/15/26 Price Changed $2,300 +43.8% $3 / Sq Ft
05/07/2026 05/07/26 For Rent $1,600 0.0% --
07/09/2020 07/09/20 Sold $14,650,000 -6.7% $376 / Sq Ft
12/16/2019 12/16/19 Pending -- -- --
10/28/2019 10/28/19 Price Changed $15,700,000 -3.1% $403 / Sq Ft
08/26/2019 08/26/19 For Sale $16,200,000 -- $415 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $213,448 $16,174,781 $11,322,347 $4,852,434
2025 $213,448 $15,857,630 $11,100,341 $4,757,289
2024 $199,703 $15,546,697 $10,882,688 $4,664,009
2023 $191,516 $15,241,860 $10,669,302 $4,572,558
2022 $183,139 $14,943,000 $10,460,100 $4,482,900
2021 $182,046 $14,650,000 $10,255,000 $4,395,000
2020 $55,983 $3,736,737 $1,895,064 $1,841,673
2019 $54,516 $3,664,080 $1,857,906 $1,806,174
2018 $53,663 $3,592,848 $1,821,477 $1,771,371
2016 $50,862 $3,423,361 $1,750,748 $1,672,613
2015 $50,177 $3,371,940 $1,724,451 $1,647,489
2014 $50,147 $3,305,889 $1,690,672 $1,615,217
Source: Public Records

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Map

Source: The MLS

MLS Number: 19-503922

The MLS
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