NOT LISTED FOR SALE

7811 Hellman Ave Rosemead, CA 91770

Estimated Value: $1,317,000 - $1,694,000

8 Beds
4 Baths
3,420 Sq Ft
$451/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $1,325,000 $387 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,614/month

10 Days on Market

About This Home

As of August 2021

-Desirable San Gabriel Valley Investment Opportunity - Located in City of Rosemead -Qualifies for Residential Financing -No Local Rent Control - Defaults to AB 1482 -Upgraded Units, Newer Roof, Copper Plumbing, Carport Parking & Newly Painted Building -All Two-Bedroom Units on Large 6,816-Square Foot Lot -Close Proximity to Retail Shops, Restaurants, Cafes, Shopping Centers, Office Buildings & Entertainment on San Gabriel Boulevard, Garvey Avenue and Valley Boulevard -Strong Upward Trending Demographics -On-Site Laundry Facility Generates Additional Income -Bordered by the 10 & 60 Freeways Convenient Access to Los Angeles & San Gabriel Valley

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 07/06/2021

Last Buyer's Agent

Robert Chang

Pinnacle Real Estate Group License #01092024

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,816 Sq Ft Lot

Interior Spaces

  • 3,420 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces

Community Details

  • 4 Units
  • Laundry Facilities
  • Vacancy Allowance $4,101

Listing and Financial Details

  • Assessor Parcel Number 5287-016-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3420
  • Lot Acreage: 0.1561
  • Price Per Unit: 338750.00
  • Stories: 2
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 396.20

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

  • Carport Spaces: 8
  • Parking Garage: Carport
  • Total Parking: 8

Utilities

  • Number Electric Meters: 4
  • Number Gas Meters: 4

Lot Info

  • Assessed Improvement Percent: 25.00
  • Assessed Improvement Value: 184013
  • Assessed Land Percent: 75
  • Assessed Land Value: 552040
  • Total Assessed Value: 736053
  • Assessor Parcel Number: 5287-016-018
  • Lot Size Area: 6816

Rental Info

  • Total Actual Rent: 80400.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.85
  • Number Of Units: 4
  • Type Of Units: 2 Bd + 1 Ba
  • Vacancy Allow: 4101
  • Vacancy Allow Percent: 5.00

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 16937.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2012
Sold by
Chen Chih Ping and Chen Timothy Chih Ping
Bought by
Hassanally Siraj
Current Estimated Value
$1,541,463

Purchase Details

Closed on
Mar 27, 2007
Sold by
Chen Chih Ping
Bought by
Chen Chih Ping

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2007
Sold by
Chen Hsu
Bought by
Chen Chih Ping

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,000
Interest Rate
7.25%
Mortgage Type
New Conventional
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
Hassanally Siraj $1,360,000 Chicago Title Company
Chen Chih Ping -- Ticor Title Company
Chen Chih Ping -- Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Chih Ping $474,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2021 08/27/21 Sold $1,325,000 -2.2% $387 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $1,355,000 -- $396 / Sq Ft
Source: The MLS

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 $18,639 $1,406,100 $981,617 $424,483
2024 $17,806 $1,378,530 $962,370 $416,160
2023 $17,151 $1,351,500 $943,500 $408,000
2022 $16,340 $1,325,000 $925,000 $400,000
2021 $9,813 $743,678 $557,759 $185,919
2020 $9,722 $736,053 $552,040 $184,013
2019 $9,455 $721,621 $541,216 $180,405
2018 $9,346 $707,472 $530,604 $176,868
2016 $8,583 $680,000 $510,000 $170,000
2015 $4,214 $294,122 $132,354 $161,768
2014 $4,183 $288,362 $129,762 $158,600
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Nikfarjam

    Seller's Agent in 2021

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    2 in this area

    79 Total Sales

    Jonathan Nikfarjam
    Section Image

  • R

    Buyer's Agent in 2021

    Robert Chang

    Pinnacle Real Estate Group

    (626) 382-1688

    1 in this area

    4 Total Sales

    Robert Chang
    Section Image
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Map

Source: The MLS

MLS Number: 21-757284

The MLS

APN: 5287-016-018

California Los Angeles County Rosemead 91770

7811 Hellman Ave, Rosemead, CA

Not Listed for Sale

MultiFamily

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