NOT LISTED FOR SALE

7022 La Palma Ln San Gabriel, CA 91775

Estimated Value: $1,100,000 - $1,145,297

4 Beds
4 Baths
2,040 Sq Ft
$552/Sq Ft Est. Value

Last Sold April 26, 2024

Last sale price $1,080,000 $529 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,600/month

19 Days on Market

Highlights

  • No HOA
  • 2 Car Direct Access Garage
  • Laundry Room
  • Pasadena High School Rated A
  • Ductless Heating Or Cooling System
  • Heating Available

About This Home

As of April 2024

This charming duplex is situated in a desirable location in North San Gabriel. Less than 2 miles from Pasadena, Arcadia, and Temple City. This property comprises two separate living units, each offering its own unique charm and functionality. Whether you're looking for a multi-generational living arrangement, rental income potential, or the ability to live in one unit while renting out the other, this duplex provides flexibility to suit various needs. Both units have the same layout each with 2 bedrooms upstairs, 1 full bathroom upstairs, and ½ bathroom downstairs. Hook ups for washer & dryers are located in the spacious 2-car garage and has direct access to the property. Additional 2 parking spaces in front of the garage units are available to visitors. Each unit has its own private backyard for family gatherings. Perfect investment opportunity OR perfect for first time homebuyer. Don’t miss out on this opportunity! Property to be sold “As Is”

Last Agent to Sell the Property

robyn tang

Real Brokerage Technologies, Inc Brokerage Phone: 626-807-3675 License #02026394 Listed on: 03/03/2024

Real Brokerage Technologies, Inc

Last Buyer's Agent

Crystal Zheng

KW Executive License #01773176

KW Executive

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,674

Year Built

  • Built in 1969

Lot Details

  • 6,361 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Duplex

Interior Spaces

  • 2,040 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 5
  • Tax Tract Number 30621
  • Assessor Parcel Number 5379012051

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,200
  • Trash Expense $900
  • Water Sewer Expense $1,000
  • Operating Expense $16,000
  • Gross Income $55,000
  • Net Operating Income $38,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,674

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 469000
  • Property Attached: Yes
  • Water Sewer Expenses: 1000.00
  • Zoning: LCR2*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5379012051
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front door
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 529.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Ductless
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Unknown
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Ductless
  • 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: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6361.00
  • Lot Size Acres: 0.1460

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 55000.00
  • Gross Scheduled Income: 55000.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 6361.0000 Square Feet
  • Net Operating Income: 38000.00
  • 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
  • Operating Expense: 14000.00
  • Rent Control: No
  • Total Actual Rent: 15600.00
  • Total Expenses: 16000.00

Tax Info

  • Tax Census Tract: 4800.11
  • Tax Lot: 5
  • Tax Tract Number: 30621

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2024
Closed on
Apr 19, 2024
Sold by
Gilbert Kenichi Uehara and Gilbert Lorraine Kiyo
Bought by
Zhou Wenjie and Shi Hang
Seller's Agent
robyn tang
Real Brokerage Technologies, Inc
Buyer's Agent
Crystal Zheng
KW Executive
List Price
$938,000
Sold Price
$1,080,000
Premium/Discount to List
$142,000
15.14%
Views
92
Current Estimated Value
$1,126,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,824
Avg. Annual Appreciation
1.23%
Original Mortgage
$685,000
Outstanding Balance
$675,779
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$422,282

Purchase Details

Closed on
Jan 9, 2024
Sold by
Sadamitsu Family Trust
Bought by
Sadamitsu Richard

Purchase Details

Closed on
May 20, 2003
Sold by
Sadamitsu Janice Aiko
Bought by
Sadamitsu Janice Aiko and The Sadamitsu Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,410
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2002
Sold by
Sadamitsu Janice Aiko
Bought by
Sadamitsu Janice Aiko and The Sadamitsu Family Trust
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
Zhou Wenjie $1,080,000 Chicago Title Company
Sadamitsu Richard -- Chicago Title Company
Sadamitsu Richard -- Chicago Title Company
Sadamitsu Janice Aiko -- --
Sadamitsu Janice Aiko -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhou Wenjie $685,000
Previous Owner Sadamitsu Janice Aiko $31,410
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $1,080,000 +15.1% $529 / Sq Ft
03/03/2024 03/03/24 For Sale $938,000 -- $460 / 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 $5,674 $1,101,600 $856,800 $244,800
2024 $5,674 $432,543 $252,389 $180,154
2023 $2,820 $186,474 $21,505 $164,969
2022 $2,735 $182,819 $21,084 $161,735
2021 $2,631 $179,235 $20,671 $158,564
2019 $2,547 $173,921 $20,059 $153,862
2018 $2,498 $170,512 $19,666 $150,846
2016 $2,403 $163,893 $18,903 $144,990
2015 $2,376 $161,433 $18,620 $142,813
2014 $2,344 $158,272 $18,256 $140,016
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR23230321

California Regional Multiple Listing Service (CRMLS)

APN: 5379-012-051