NOT LISTED FOR SALE

8050 Emerson Place Rosemead, CA 91770

Estimated Value: $1,033,000 - $1,304,000

3 Beds
3 Baths
1,680 Sq Ft
$715/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $940,000 $560 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $7,751/month

22 Days on Market

Highlights

  • Property is near a park
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Temple (Roger W.) Intermediate School Rated A-
  • Side by Side Parking
  • 4-minute walk to Garvey Park

About This Home

As of April 2020

Three unit income property in the city of Rosemead with exceptional attributes offering a turnkey investment with excellent rental history and room for improved cash flow and additional uses. Each apartment is tenant occupied with the office/laundry room and garage delivered vacant allowing for additional rental income. The property consists of three 1 bedroom, 1 bath apartments built in 1956, two car garage and a detached office/laundry room. The office has a full bathroom and the laundry room has been used for personal storage. The detached garage is of newer construction and has very high quality storage cabinets and workbench. The parcel is 9,460 square feet and is a deep lot with 49 feet of frontage and a depth of 192 feet. Behind the garage is a pleasant backyard with lush grass and citrus trees. Current rents total $3,300 per month and have not been increased in the previous 12 months. Recent updates include new water heaters and new windows. Located just south of Interstate 10 at the San Gabriel Blvd intersection. Two blocks East of Garvey park. See attached file for income and expense information.

Last Agent to Sell the Property

Adam Bray-Ali

Coldwell Banker Realty License #01859026 Listed on: 02/22/2020

Coldwell Banker Realty

Last Buyer's Agent

NoEmail NoEmail

Madera Non-Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,196

Year Built

  • Built in 1956

Lot Details

  • 9,460 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Corners Of The Lot Have Been Marked
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 3 Attached Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Side by Side Parking
  • Single Garage Door
  • Assigned Parking

Home Design

  • Slab Foundation
  • Frame Construction
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Laundry Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Overhead Utilities

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5287030042

Community Details

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,196

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Not Applicable
  • View: No
  • Zoning: RMR2*
  • Property Type: Residential Income
  • Parcel Number: 5287030042
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Main Level
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Levels: One

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage, Covered, Side by Side, Garage - Single Door, Garage, Attached Carport, Carport
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains, Gutters

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Corners Marked, Park Nearby, Yard, Utilities - Overhead, Rectangular Lot, Level, Landscaped, Lawn, Front Yard
  • Lot Size: Rectangular 49'x192'
  • Lot Size Sq Ft: 9460.00
  • Lot Size Acres: 0.2172

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 9460.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Total Actual Rent: 3300.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2020
Closed on
Mar 19, 2020
Sold by
Swaidan Karl L and The Lorraine Hausmann Ellis Fa
Bought by
Huynh Ru H
Seller's Agent
Adam Bray-Ali
Coldwell Banker Realty
Buyer's Agent
NoEmail NoEmail
Madera Non-Member
List Price
$800,000
Sold Price
$940,000
Premium/Discount to List
$140,000
17.5%
Current Estimated Value
$1,200,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,941
Avg. Annual Appreciation
4.96%
Original Mortgage
$645,000
Interest Rate
3.4%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Huynh Ru H $940,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huynh Ru H $577,500
Closed Huynh Ru H $645,000
Previous Owner Hausmann Ellis Lorraine $420,000
Previous Owner Hausmann Ellis Lorraine $301,000
Previous Owner Hausmann Ellis Lorraine $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2020 04/10/20 Sold $940,000 0.0% $560 / Sq Ft
03/15/2020 03/15/20 Pending -- -- --
03/11/2020 03/11/20 Off Market $940,000 -- --
02/22/2020 02/22/20 For Sale $800,000 -- $476 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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
2024 $13,196 $1,007,867 $804,150 $203,717
2023 $12,713 $988,106 $788,383 $199,723
2022 $12,017 $968,732 $772,925 $195,807
2021 $11,983 $949,738 $757,770 $191,968
2020 $3,368 $210,781 $81,698 $129,083
2019 $3,287 $206,649 $80,097 $126,552
2018 $3,125 $202,598 $78,527 $124,071
2016 $2,886 $194,733 $75,479 $119,254
2015 $2,841 $191,809 $74,346 $117,463
2014 $2,825 $188,053 $72,890 $115,163
Source: Public Records

Agents Affiliated with this Home

  • Adam Bray-Ali

    Seller's Agent in 2020

    Adam Bray-Ali

    Coldwell Banker Realty

    (213) 399-1940

    42 Total Sales

    Adam Bray-Ali
    Section Image

  • N

    Buyer's Agent in 2020

    NoEmail NoEmail

    Madera Non-Member

    (646) 541-2551

    4 in this area

    5,733 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-820000745

Pasadena-Foothills Association of REALTORS®

APN: 5287-030-042

California Los Angeles County Rosemead 91770

8050 Emerson Place, Rosemead, CA

This home is located at 8050 Emerson Place, Rosemead, CA 91770 since 22 February 2020 and is currently estimated at $1,200,941, approximately $714 per square foot. This property was built in 1956. 8050 Emerson Place is a home located in Los Angeles County with nearby schools including Willard (Frances E.) Elementary School, Temple (Roger W.) Intermediate School, and San Gabriel High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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