NOT LISTED FOR SALE
3 Beds
2 Baths
3,623 Sq Ft
0.65 Acre Lot

Sale Details

Date Sold: June 2, 2016

Last sale price $950,000 $262 Per Sq Ft

79 Days on Market

About This Home

As of June 2016

We are pleased to present a four-unit, multi-family property with potential development opportunity located at 7959 Hill Drive in the city of Rosemead, California. Situated on a large lot of 28,515 square feet, the subject property consists of four separate single story units. The units were built between 1926 and 1955 with approximately 3,623 total rentable square feet. Title shows five legal units but one of the units was destroyed during a fire. The current four units have an excellent unit mix of three two-bedroom / one-bathroom and one one-bedroom / one-bathroom unit. All units feature private front/backyards, laundry hookups, individual water heaters, pitched roofing and individually metered gas and electricity. Current rents are significantly below market with at least 25 percent upside potential for new owner. Rosemead is not subject to rent control restrictions. Current zoning allows owner to build up to five units of detached condos/townhouse or other agricultural related use. Due to lack of newer construction in the city of Rosemead, this investment allows a new owner multiple options to add value through a brand new development or renovation.

Last Agent to Sell the Property

David Lin

MARCUS & MILLICHAP License #01894476 Listed on: 02/03/2016

Last Buyer's Agent

David Lin

MARCUS & MILLICHAP License #01894476 Listed on: 02/03/2016

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 28,515 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • 3,623 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 701
  • Assessor Parcel Number 5279002005

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Maintenance Expense $1,935
  • Other Expense $800
  • Trash Expense $960
  • Water Sewer Expense $1,320
  • New Taxes Expense $13,009
  • Gross Income $3,325
  • Net Operating Income $19,779

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0.65 Acres

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1320.00
  • Property Type: Residential Income
  • Parcel Number: 5279002005
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 262.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 28515.00
  • Price Per Lot Square Foot: 33.32
  • Lot Size Acres: 0.6550

Multi Family

  • Average1 Bed Area: 576
  • Average2 Bed Area: 1016
  • Gross Income: 3325.00
  • Gross Scheduled Income: 39900.00
  • Insurance Expense: 900.00
  • Lot Size Area: 28515.0000 Square Feet
  • Maintenance Expense: 1935.00
  • Net Operating Income: 19779.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 18924.00
  • Other Expense: 800.00
  • Other Expense Description: Reserves
  • Rent Control: No

Tax Info

  • New Taxes Expense: 13009.00
  • Tax Lot: 28
  • Tax Tract Number: 701

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

Closed on
Dec 31, 2025
Sold by
Bach Trinh Long and Bach Truc Lam
Bought by

Purchase Details

Closed on
May 27, 2025
Sold by
Trinh Lanh Tich and Tran Yen
Bought by
Trinh & Tran Family Trust and Trinh

Purchase Details

Closed on
Jun 1, 2019
Sold by
Bach Sauceda Domingo Torres and Bach Trinh Dinh
Bought by
Bach Sauceda Domingo Torres and Bach Trinh Dinh

Purchase Details

Listed on
Feb 3, 2016
Closed on
Apr 28, 2016
Sold by
Thong Duong Nam and The Duong Nam Thong Living Tru
Bought by
Trinh Lanh Tich and Tran Yen
Seller's Agent
David Lin
MARCUS & MILLICHAP
Buyer's Agent
David Lin
MARCUS & MILLICHAP
List Price
$1,088,000
Sold Price
$950,000
Premium/Discount to List
-$138,000
-12.68%

Purchase Details

Closed on
Dec 27, 2011
Sold by
Thong Duong Nam
Bought by
Thong Duong Nam and Duong Nam Thong Living Trust

Purchase Details

Closed on
Nov 23, 2010
Sold by
Lee Danny Y and Wong Cindy Lai
Bought by
Thong Duong Nam

Purchase Details

Closed on
Dec 22, 2009
Sold by
Lee Danny Y and Lee Danny
Bought by
Lee Danny Y and Lee & Wong Family Trust

Purchase Details

Closed on
Nov 7, 2003
Sold by
Milich Mitchell M and Estate Of Helen Frontino
Bought by
Lee Danny Y and Chau Sau Venh

Purchase Details

Closed on
Aug 27, 2003
Sold by
Wong Cindy Lai
Bought by
Lee Danny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 18, 2003
Sold by
Milich Mitchell M and Estate Of Helen Frontino
Bought by
Lee Danny and Chau Sau Venh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
4.15%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Listed On Document
Trinh & Tran Family Trust -- None Listed On Document
Bach Sauceda Domingo Torres -- None Available
Trinh Lanh Tich $950,000 First American Title Ins Co
Thong Duong Nam -- None Available
Thong Duong Nam $575,000 Lawyers Title
Lee Danny Y -- None Available
Lee Danny Y -- First American Title
Lee Danny -- First American Title Co
Ipina Martin -- First American Title Co
Chau Sau Venh -- First American Title Co
Lee Danny $652,500 First American Title Co
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
Previous Owner $380,000
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
06/02/2016 06/02/16 Sold $950,000 -12.7% $262 / Sq Ft
04/22/2016 04/22/16 Pending -- -- --
02/03/2016 02/03/16 For Sale $1,088,000 -- $300 / 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
2025 $1,945 $26,054
2024 $2,094 $31,078
2023 $2,126 $24,107 $2,614 $21,493
2022 $2,094 $17,713 $2,614 $15,099
2021 $2,188 $16,677 $0 $0
2020 $2,076 $15,592 $0 $0
2019 $302 $3,120 $0 $0
2018 $295 $3,120 $0 $0
2017 $288 $3,400 $0 $0
2016 $274 $3,400 $3,400 $0
2014 $248 $1,600 $1,600 $0
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16023708

California Regional Multiple Listing Service (CRMLS)
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