NOT LISTED FOR SALE

640 E 6th St Azusa, CA 91702

Estimated Value: $933,496 - $1,110,000

6 Beds
4 Baths
3,554 Sq Ft
$289/Sq Ft Est. Value

Sale Details

Date Sold: March 1, 2013

Last sale price $400,000 $113 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $6,177 / mo

98 Days on Market

About This Home

As of March 2013

PRICE REDUCTION !!! THESE UNITS ARE PRICED TO SELL !!! STANDARD SALE !!! GREAT OPPORTUNITY FOR INVESTORS !!! 4 UNIT WITH POSITIVE CASH FLOW. ATLANTIS GARDENS AREA OF AZUSA. PROPERTY IS NEAR DOWNTOWN AZUSA AND BEAUTIFUL SHOPPING CENTERS. RIGHT ACROSS THE STREET FROM AZUSA PACIFIC UNIVERSITY. OWNER HAS HAD SAME TENANTS FOR A LONG TIME. RENTS ARE WELL BELOW MARKET. SIMILAR RENTALS ARE FETCHING $1,200 FOR 2/1 AND $900 FOR 1/1. THIS GREAT INCOME PROPERTY WONT LAST !!!

Last Agent to Sell the Property

Luis Roman

ROMAN REALTY License #01413693 Listed on: 10/16/2012

Last Buyer's Agent

John Zaki

JOHN ZAKI BROKER License #01446719

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,090 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 3,554 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Sewer Assessments

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 27346
  • Assessor Parcel Number 8612001021

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,342
  • Trash Expense $1,656
  • Water Sewer Expense $2,031
  • New Taxes Expense $7,000
  • Operating Expense $12,029
  • Gross Income $3,100
  • Net Operating Income $29,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,090 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2031.00
  • Property Type: Residential Income
  • Parcel Number: 8612001021
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 112.55

Utilities

  • Sewer: Sewer Assessments
  • Trash Expense: 1656.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6090.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 3100.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 1342.00
  • Lot Size Area: 6090.0000 Square Feet
  • Net Operating Income: 29200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 8000.00
  • Rent Control: No
  • Total Actual Rent: 4.00
  • Total Expenses: 12029.00

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Lot: 12
  • Tax Tract Number: 27346
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2018
Sold by
Zaki John Tawfik
Bought by
Zaki John and Zaki Neveen Emile
Current Estimated Value
$1,026,624

Purchase Details

Closed on
Aug 9, 2013
Sold by
Zaki Neveen Emile
Bought by
Zaki John T

Purchase Details

Listed on
Oct 16, 2012
Closed on
Feb 13, 2013
Sold by
Chen Jeremiah P and Chen Trust
Bought by
Wanis Rafik
Seller's Agent
Luis Roman
ROMAN REALTY
Buyer's Agent
John Zaki
JOHN ZAKI BROKER
List Price
$545,000
Sold Price
$400,000
Premium/Discount to List
-$145,000
-26.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%

Purchase Details

Closed on
Mar 5, 2012
Sold by
Chen Jeremiah P
Bought by
Chen Jeremiah P and Chen Trust

Purchase Details

Closed on
May 9, 2005
Sold by
Chen Jeremiah P and Chen Joy R
Bought by
Chen Jeremiah P and Chen Joy R

Purchase Details

Closed on
Mar 2, 2003
Sold by
Fan Joseph
Bought by
Chen Jeremiah P and Chen Joy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.83%

Purchase Details

Closed on
Jul 13, 2001
Sold by
Sun Julia T
Bought by
Fan Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,600
Interest Rate
7.21%

Purchase Details

Closed on
Jun 4, 2001
Sold by
Hud
Bought by
Fan Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,600
Interest Rate
7.21%

Purchase Details

Closed on
Oct 3, 2000
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Feb 24, 1999
Sold by
Gasca Jorge Alberto and Perez Elia Marina
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Mar 13, 1996
Sold by
Amona Pirooz
Bought by
Gasca Jorge Alberto and Perez Elia Marina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,586
Interest Rate
8.01%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 17, 1995
Sold by
First Federal Bank Of California
Bought by
Amona Pirooz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,875
Interest Rate
8.43%

Purchase Details

Closed on
Nov 21, 1994
Sold by
Dede William and Dede Christina
Bought by
First Federal Bank Of California
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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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
Zaki John -- None Available
Zaki John T -- None Available
Zaki John Tawfik -- None Available
Wanis Rafik $400,000 First American Title
Chen Jeremiah P -- None Available
Chen Jeremiah P -- --
Chen Jeremiah P $358,000 Southland Title
Fan Joseph -- Stewart Title
Fan Joseph $195,500 Stewart Title
Hud -- First American Title Ins Co
Chase Manhattan Mtg Corp $260,249 First American Title Ins Co
Gasca Jorge Alberto $235,000 Old Republic Title Company
Amona Pirooz -- Old Republic Title Company
First Federal Bank Of California $190,000 Benefit Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Jeremiah P $185,000
Previous Owner Fan Joseph $136,600
Previous Owner Gasca Jorge Alberto $226,586
Previous Owner Amona Pirooz $94,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2013 03/01/13 Sold $400,000 -26.6% $113 / Sq Ft
01/22/2013 01/22/13 Pending -- -- --
10/16/2012 10/16/12 For Sale $545,000 -- $153 / 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 $7,776 $598,208 $465,821 $132,387
2024 $7,776 $586,480 $456,688 $129,792
2023 $7,556 $574,982 $447,734 $127,248
2022 $7,462 $563,708 $438,955 $124,753
2021 $7,266 $552,656 $430,349 $122,307
2019 $7,031 $536,266 $417,586 $118,680
2018 $6,713 $525,752 $409,399 $116,353
2016 $6,446 $505,338 $393,502 $111,836
2015 $6,366 $497,749 $387,592 $110,157
2014 $5,970 $488,000 $380,000 $108,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Luis Roman

    ROMAN REALTY

    (626) 533-2198

    8 Total Sales

    Luis Roman
    Section Image

  • J

    Buyer's Agent in 2013

    John Zaki

    JOHN ZAKI BROKER

    (909) 921-8960

    20 Total Sales

    John Zaki
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV12128633

California Regional Multiple Listing Service (CRMLS)

APN: 8612-001-021

California Los Angeles County Azusa 91702

640 E 6th St, Azusa, CA

Not Listed for Sale

MultiFamily

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