NOT LISTED FOR SALE

7701 Newmark Ave Rosemead, CA 91770

Rosemead Area

Estimated Value: $739,000 - $999,000

4 Beds
2 Baths
1,320 Sq Ft
$661/Sq Ft Est. Value

Sale Details

Date Sold: March 7, 2019

Last sale price $650,000 $492 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,472 / mo

96 Days on Market

Highlights

  • Property is near park
  • Lawn
  • Block Wall Fence
  • Garvey (Richard) Intermediate School Rated A-
  • Landscaped

About This Home

As of March 2019

Welcome to 7701 Newmark Ave. 2 vibrant units centrally located in Rosemead, close to shopping centers, and the 10 freeway. Both units feature 2 bedrooms, 1 full bathroom, and full kitchen. This property is located walking distance to Richard Garvey Intermediate School and Bitely (Arlene) Elementary School. Perfect property to own one unit and rent the other.
More pictures to come.

Last Agent to Sell the Property

Jesse Blanchet

New Century Realtors License #02005879 Listed on: 11/07/2018

Last Buyer's Agent

Christine Cheng

Keller Williams Realty/Temecula License #01991087

Keller Williams Realty/Temecula

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 5,863 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Landscaped
  • Lawn
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Shingle Roof

Interior Spaces

  • 1,320 Sq Ft Home
  • Family Room with Fireplace
  • Laundry Located Outside

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 7771
  • Assessor Parcel Number 5285036014

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Insurance Expense $1,020
  • Trash Expense $460
  • Water Sewer Expense $788
  • New Taxes Expense $989
  • Operating Expense $2,808
  • Gross Income $31,200
  • Net Operating Income $28,392

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

5,863 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 788.00
  • Zoning: RMR2*
  • Property Type: Residential Income
  • Parcel Number: 5285036014
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Family Room
  • Price Per Square Foot: 492.42

Exterior Features

  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 460.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Landscaped, Lawn, Park Nearby
  • Lot Size Sq Ft: 5863.00
  • Lot Size Acres: 0.1346

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 31200.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1020.00
  • Lot Size Area: 5863.0000 Square Feet
  • Net Operating Income: 28392.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 2808.00
  • Rent Control: No
  • Total Actual Rent: 1300.00
  • Total Expenses: 2808.00

Tax Info

  • New Taxes Expense: 989.00
  • Tax Census Tract: 4825.02
  • Tax Lot: 39
  • Tax Tract Number: 7771

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

Listed on
Nov 7, 2018
Closed on
Mar 1, 2019
Sold by
Diaz Joseph M and Diaz Yolanda Marie
Bought by
Seller's Agent
Jesse Blanchet
New Century Realtors
Buyer's Agent
Christine Cheng
Keller Williams Realty/Temecula
List Price
$660,000
Sold Price
$650,000
Premium/Discount to List
-$10,000
-1.52%
Current Estimated Value
$852,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,904
Avg. Annual Appreciation
4.01%
Original Mortgage
$515,000
Outstanding Balance
$448,145
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$424,533

Purchase Details

Closed on
Aug 30, 2018
Sold by
Diaz Joseph M
Bought by
Diaz Joseph M and Diaz Yolanda Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2017
Sold by
Diaz Joseph M and Estate Of Esther L Diaz
Bought by
Diaz Joseph M

Purchase Details

Closed on
Sep 17, 2003
Sold by
Diaz Ursula
Bought by
Diaz Ursula and Diaz Esther
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Rosemead, CA

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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
$645,000 Lawyers Title
Diaz Joseph M -- First American Title Company
Diaz Joseph M -- None Available
Diaz Ursula -- --
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 $515,000
Previous Owner Diaz Joseph M $260,000
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
03/07/2019 03/07/19 Sold $650,000 -0.8% $492 / Sq Ft
02/11/2019 02/11/19 Pending -- -- --
02/04/2019 02/04/19 Price Changed $655,000 -0.8% $496 / Sq Ft
01/28/2019 01/28/19 For Sale $660,000 0.0% $500 / Sq Ft
01/11/2019 01/11/19 Pending -- -- --
12/21/2018 12/21/18 Price Changed $660,000 -4.3% $500 / Sq Ft
11/07/2018 11/07/18 For Sale $690,000 -- $523 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,453 $733,893 $514,296 $219,597
2025 $9,453 $719,504 $504,212 $215,292
2024 $9,037 $705,397 $494,326 $211,071
2023 $8,701 $691,567 $484,634 $206,933
2022 $8,287 $678,008 $475,132 $202,876
2021 $8,260 $664,715 $465,816 $198,899
2020 $8,181 $657,900 $461,040 $196,860
2019 $7,049 $560,241 $336,145 $224,096
2018 $985 $39,809 $14,407 $25,402
2016 $915 $38,265 $13,849 $24,416
2015 $901 $37,691 $13,641 $24,050
2014 $905 $36,953 $13,374 $23,579
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18267020

California Regional Multiple Listing Service (CRMLS)

APN: 5285-036-014

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