NOT LISTED FOR SALE

7613 Graves Ave Rosemead, CA 91770

Estimated Value: $1,479,000 - $1,646,000

7 Beds
4 Baths
3,160 Sq Ft
$499/Sq Ft Est. Value

Last Sold June 27, 2022

Last sale price $1,420,000 $449 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,820/month

11 Days on Market

Highlights

  • 0.39 Acre Lot
  • Property is near public transit
  • Laundry Room
  • Monterey Vista Elementary School Rated A-
  • No HOA
  • Wall Furnace

About This Home

As of June 2022

Property is one a very large lot of 17,059. Located at the corner of Graves and Jackson. Alhambra School District (buyer to verify)

3 Units comprised of 1 3 bedrooms/2 baths and 2 units each 2 bedrooms/1bath. There is also a portion of the property that has no structures.
Each unit appears to have good flooring and kitchens. The 3 bedroom and 1 of the 2 bedroom units have their own laundry area and all of the units have a private yard/patio area.

All tenants are month to month and all units are current and up to date on rent.

This is a trust sale and is being sold completely "As Is" with no credits, repairs, termite clearance or evictions. All buyers and buyer's agents are advised to conduct any investigation or inspections they deem necessary. Trustee has never lived on the property and Seller and Seller's agents make no representation or guarantees.

OFFER DEADLINE WEDNESDAY JUNE 1st 12:00 Noon

Last Agent to Sell the Property

Jerry Baker

Coldwell Banker Dynasty T.C. License #00778176 Listed on: 05/26/2022

Coldwell Banker Dynasty T.C.

Co-Listed By

Connie Snider Baker

Coldwell Banker Dynasty T.C. License #01819025

Last Buyer's Agent

Rachel Chen

Pinnacle Real Estate Group License #01869026

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.39 Acre Lot
  • 1 Common Wall

Home Design

  • 3,160 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • Carport
  • Parking Available
  • Driveway

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Additional Features

  • Laundry Room
  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 4 / 3
  • Assessor Parcel Number 5285026056
  • $1,078 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
  • 2 Separate Water Meters
  • Gross Income $65,076
  • Net Operating Income $5,423

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: RMR2*
  • Property Type: Residential Income
  • Parcel Number: 5285026056
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 449.37

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Driveway

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Near Public Transit
  • Lot Size Sq Ft: 17059.00
  • Lot Size Acres: 0.3916

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 65076.00
  • Gross Scheduled Income: 5423.00
  • Lot Size Area: 17059.0000 Square Feet
  • Net Operating Income: 5423.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 4825.02
  • Tax Lot: 4
  • TaxOtherAnnualAssessmentAmount: 1078.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2022
Closed on
Jun 17, 2022
Sold by
George E Moore And Mary Moore Revocable
Bought by
Zhang Zai Ping and You Bonnie Yong
Seller's Agent
Jerry Baker
Coldwell Banker Dynasty T.C.
Buyer's Agent
Rachel Chen
Pinnacle Real Estate Group
List Price
$1,299,000
Sold Price
$1,420,000
Premium/Discount to List
$121,000
9.31%
Current Estimated Value
$1,577,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,705
Avg. Annual Appreciation
3.01%

Purchase Details

Closed on
Nov 24, 2014
Sold by
Moore George E and Moore Mary
Bought by
George E Moore & Mary Moore Revocable Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 10, 2013
Sold by
Moore George E and Moore Mary
Bought by
Moore George E and Moore Mary

Purchase Details

Closed on
Oct 14, 2011
Sold by
Ngeng Pisey
Bought by
Lim Billy Bo

Purchase Details

Closed on
Sep 26, 2001
Sold by
Moore George E and Moore Mary
Bought by
Moore George E and Moore Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,500
Interest Rate
6.9%
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
Zhang Zai Ping $1,420,000 Lawyers Title
George E Moore & Mary Moore Revocable Tr -- --
Moore George E -- Dri Title & Escrow
Moore George E -- None Available
Lim Billy Bo -- Equity Title Los Angeles
Moore George E -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moore George E $480,000
Previous Owner Moore George E $169,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2022 06/27/22 Sold $1,420,000 +9.3% $449 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $1,299,000 -- $411 / 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 $18,834 $1,506,914 $1,172,634 $334,280
2024 $18,834 $1,477,368 $1,149,642 $327,726
2023 $18,137 $1,448,400 $1,127,100 $321,300
2022 $4,057 $257,521 $165,547 $91,974
2021 $4,020 $252,472 $162,301 $90,171
2020 $3,986 $249,884 $160,637 $89,247
2019 $3,891 $244,986 $157,488 $87,498
2018 $3,716 $240,183 $154,400 $85,783
2016 $3,417 $230,857 $148,405 $82,452
2015 $3,366 $227,390 $146,176 $81,214
2014 $3,348 $222,937 $143,313 $79,624
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22112567

California Regional Multiple Listing Service (CRMLS)

APN: 5285-026-056