NOT LISTED FOR SALE

7229 Tegner Dr Rosemead, CA 91770

South San Gabriel Neighborhood

Estimated Value: $973,000 - $1,202,532

2 Beds
2 Baths
789 Sq Ft
$1,377/Sq Ft Est. Value

Last Sold February 22, 2023

Last sale price $700,000 $887 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,438/month

10 Days on Market

About This Home

As of February 2023

Don't miss out on this great opportunity to own this fantastic property with tons of possibilities! First time on the market since 2002. Conveniently located in a great residential neighborhood with quick access to freeways and public transportation. For any investor, the property's great location and large lot (approximately 21,252 sqft) allow for an excellent opportunity to capture the incredible upside potential of the deal. The profile shows 2 units (2+1, 1+1) but there is an additional non-conforming unit in the back that is in need of work (TLC). This could be a great income-generating property either as a residence or an investment.

Last Agent to Sell the Property

Chris Kang

I & J Properties, Inc. License #01195709 Listed on: 01/23/2023

Last Buyer's Agent

Chris Kang

I & J Properties, Inc. License #01195709 Listed on: 01/23/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 0.49

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • Driveway
  • Uncovered Parking

Additional Features

  • Disposal
  • 0.49 Acre Lot
  • Accessory Dwelling Unit (ADU)
  • Cooling System Mounted To A Wall/Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5277-011-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Lot Acreage: 0.4879
  • Year Built: 1940
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 2.00
  • Equipment: Garbage Disposal

Exterior Features

  • Other Structures: Accessory Dwelling Unit

Garage/Parking

  • Parking Garage: Driveway - Concrete, Parking Space, Uncovered

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Percent: 38.43
  • Assessed Improvement Value: 133738
  • Assessed Land Percent: 61.57
  • Assessed Land Value: 214264
  • Total Assessed Value: 348002
  • Assessor Parcel Number: 5277-011-018
  • Lot Size Area: 21252

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 2
  • Type Of Units: 2 units

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2023
Sold by
New Way Realty Llc
Bought by
New Way Realty Llc
Current Estimated Value
$1,086,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,500
Outstanding Balance
$469,574
Interest Rate
7.5%
Mortgage Type
Credit Line Revolving
Estimated Equity
$616,809

Purchase Details

Closed on
Oct 3, 2013
Sold by
Ahn Kwang Sung
Bought by
Ahn Kwang Sung and Ahn Soon Hee

Purchase Details

Closed on
May 14, 2002
Sold by
Ahn Soon Hee
Bought by
Ahn Kwang Sung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
6.6%

Purchase Details

Closed on
Dec 11, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Uradomo Blake S and Uradomo Paula W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,600
Interest Rate
7.14%

Purchase Details

Closed on
Sep 1, 1995
Sold by
Yu Richard Jiann Ming and Kang Kuei Lin
Bought by
Federal Home Loan Mortgage Corporation
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
New Way Realty Llc -- Fidelity National Title
Ahn Kwang Sung -- None Available
Ahn Kwang Sung -- Ticor Title
Ahn Kwang Sung $255,000 Ticor Title
Uradomo Blake S $114,000 First American Title Co
Federal Home Loan Mortgage Corporation $120,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New Way Realty Llc $477,500
Previous Owner Ahn Kwang Sung $194,400
Previous Owner Uradomo Blake S $102,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2023 02/22/23 Sold $700,000 0.0% $887 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
02/01/2023 02/01/23 Off Market $700,000 -- --
01/23/2023 01/23/23 For Sale $699,000 -- $886 / Sq Ft
Source: The MLS

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 $9,568 $728,280 $572,220 $156,060
2024 $9,568 $714,000 $561,000 $153,000
2023 $4,982 $354,961 $218,549 $136,412
2022 $4,764 $348,002 $214,264 $133,738
2021 $4,745 $341,179 $210,063 $131,116
2020 $4,704 $337,682 $207,910 $129,772
2019 $4,580 $331,062 $203,834 $127,228
2018 $4,441 $324,572 $199,838 $124,734
2016 $4,099 $311,971 $192,079 $119,892
2015 $4,036 $307,286 $189,194 $118,092
2014 $4,001 $301,267 $185,488 $115,779
Source: Public Records

Agents Affiliated with this Home

  • Chris Kang

    Seller's Agent in 2023

    Chris Kang

    I & J Properties, Inc.

    (213) 923-7300

    1 in this area

    8 Total Sales

    Chris Kang
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Map

Source: The MLS

MLS Number: 23-233481

The MLS

APN: 5277-011-018

California Los Angeles County Rosemead 91770 South San Gabriel

7229 Tegner Dr, Rosemead, CA

Not Listed for Sale

MultiFamily

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