NOT LISTED FOR SALE
3 Beds
3 Baths
8,872 Sq Ft
0.4 Acre Lot

Sale Details

Date Sold: March 10, 2016

Last sale price $2,380,000 $268 Per Sq Ft

43 Days on Market

About This Home

As of March 2016

Asking Price $2,580,000. Building: 8,872sf, Lot: 17,359sf. This is a ten (10) unit complex that consists of six (6) two-bedroom two bath units, each approx 950-1,000sf and four (4) one bedroom one bath units, each approx. 800-850sf. $11,000 per month income, yearly income is $132,000 Laundry room: 1 Washer and 1 dryer, lease is approx. $36/mo and income is $50-$60 per month. 20 Parkings for 10 Carpool and 10 at outside. The building is centrally located in Alhambra, situated on a huge 17,360 sq. lot, very spacious units with over 20% upside in rents.

Last Agent to Sell the Property

Daniel Chen

FULLHOUSE REALTY License #01043664 Listed on: 12/07/2015

Last Buyer's Agent

Daniel Chen

FULLHOUSE REALTY License #01043664 Listed on: 12/07/2015

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 17,360 Sq Ft Lot
  • Property fronts a county road
  • Two or More Common Walls

Parking

  • 10 Car Garage

Home Design

  • 8,872 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 237
  • Tax Tract Number 4816
  • Assessor Parcel Number 5347002009

Community Details

Overview

  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 1 Separate Gas Meter
  • 10 Separate Water Meters
  • Electric Expense $600
  • Gardener Expense $1,320
  • Insurance Expense $2,861
  • Professional Management Expense $4,800
  • Trash Expense $2,000
  • Water Sewer Expense $4,900
  • New Taxes Expense $8,406
  • Gross Income $10,645
  • Net Operating Income $100,813

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0.4 Acres

Parking

10

Listing Details

  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Road Frontage Type: County Road, City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 4900.00
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 5347002009
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 268.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 30.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 17360.00
  • Price Per Lot Square Foot: 137.10
  • Lot Size Acres: 0.3990

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 10645.00
  • Gross Scheduled Income: 127740.00
  • Insurance Expense: 2861.00
  • Lot Size Area: 17360.0000 Square Feet
  • Net Operating Income: 100813.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 26927.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8406.00
  • Tax Lot: 237
  • Tax Tract Number: 4816.0

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
Dec 7, 2015
Closed on
Jan 20, 2016
Sold by
Bought by
Seller's Agent
Daniel Chen
FULLHOUSE REALTY
Buyer's Agent
Daniel Chen
FULLHOUSE REALTY
List Price
$2,580,000
Sold Price
$2,380,000
Premium/Discount to List
-$200,000
-7.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Interest Rate
3.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 28, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 1997
Sold by
Bought by
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
$2,380,000 Chicago Title Company
-- Fidelity National Title Co
-- Fidelity National 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
Open $1,500,000
Previous Owner $925,000
Previous Owner $750,000
Previous Owner $500,000
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
03/10/2016 03/10/16 Sold $2,380,000 -7.8% $268 / Sq Ft
01/19/2016 01/19/16 Pending -- -- --
12/07/2015 12/07/15 For Sale $2,580,000 -- $291 / 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 $36,703 $2,817,432 $887,845 $1,929,587
2024 $35,620 $2,762,189 $870,437 $1,891,752
2023 $35,399 $2,708,029 $853,370 $1,854,659
2022 $33,758 $2,654,932 $836,638 $1,818,294
2021 $33,400 $2,602,876 $820,234 $1,782,642
2019 $32,259 $2,526,235 $795,906 $1,730,329
2018 $32,308 $2,476,712 $780,300 $1,696,412
2016 $8,510 $487,298 $73,555 $413,743
2015 $8,407 $479,980 $72,451 $407,529
2014 $8,384 $470,579 $71,032 $399,547
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS15259282

California Regional Multiple Listing Service (CRMLS)
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