NOT LISTED FOR SALE

7836 Hellman Ave Rosemead, CA 91770

Estimated Value: $861,000 - $1,180,000

4 Beds
2 Baths
1,506 Sq Ft
$661/Sq Ft Est. Value

Last Sold January 30, 2015

Last sale price $560,000 $372 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,014/month

24 Days on Market

About This Home

As of January 2015

We are pleased to exclusively offer for sale this well maintained 2 unit multi-family property in the highly desirable rental community of Rosemead (NO RENT CONTROL). The subject property consists of 2 two-bedroom & one-bathroom detached units. Tenants enjoy secured gated entry and a desirable detached single story construction unit. The subject property is currently 100% occupied and offers a substantial upside in rental income.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 11/07/2014

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 11/07/2014

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,840 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • 1,506 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 5287
  • Tax Tract Number 17
  • Assessor Parcel Number 5287017038

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $602
  • Trash Expense $1,800
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,294
  • Gross Income $1,535
  • Net Operating Income $7,420

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 5287017038
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 371.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5840.00
  • Lot Size Acres: 0.1340

Multi Family

  • Gross Income: 1535.00
  • Gross Scheduled Income: 18420.00
  • Insurance Expense: 602.00
  • Lot Size Area: 5840.0000 Square Feet
  • Net Operating Income: 7420.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 10447.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5294.00
  • Tax Lot: 5287
  • Tax Tract Number: 017
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2014
Closed on
Dec 16, 2014
Sold by
Gorman Daniel C and Gorman Tom M
Bought by
Feng Xuehui and Gao Zhu F
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$465,000
Sold Price
$560,000
Premium/Discount to List
$95,000
20.43%
Current Estimated Value
$995,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$435,108
Avg. Annual Appreciation
5.39%
Original Mortgage
$336,000
Outstanding Balance
$257,388
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$737,720
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Feng Xuehui $560,000 Fidelity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feng Xuehui $336,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2015 01/30/15 Sold $560,000 +20.4% $372 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
11/07/2014 11/07/14 For Sale $465,000 -- $309 / 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 $9,735 $740,827 $479,201 $261,626
2024 $9,326 $726,302 $469,805 $256,497
2023 $8,980 $712,062 $460,594 $251,468
2022 $7,824 $634,209 $283,129 $351,080
2021 $7,796 $621,775 $277,578 $344,197
2020 $7,721 $615,400 $274,732 $340,668
2019 $7,501 $603,335 $269,346 $333,989
2018 $7,437 $591,506 $264,065 $327,441
2016 $6,828 $568,539 $253,812 $314,727
2015 $6,798 $560,000 $300,000 $260,000
2014 $924 $37,753 $17,576 $20,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14237675

California Regional Multiple Listing Service (CRMLS)

APN: 5287-017-038