NOT LISTED FOR SALE
12 Beds
11 Baths
12,588 Sq Ft
0.44 Acre Lot

Sale Details

Date Sold: April 16, 2019

Last sale price $4,100,000 $326 Per Sq Ft

121 Days on Market

Highlights

  • 0.44 Acre Lot
  • Central Air
  • Heating Available
  • Martha Baldwin Elementary School Rated A
  • Laundry Facilities

About This Home

As of April 2019

This 12 units Stoneman Apartments present investors with a unique opportunity to purchase a stable investment property. It consists of 1 of 3 beds/2.5 bath; 1 of 1 bed/1 bath/ 1 of 2 beds/1 bath; and 9 of 2 bed/2 bath. It has spacious open floor plans including 13 private garages and 12 assigned outdoor parking. All units have central Air Conditioning and heat. The property has laundry room facility and automatic sprinklers. No on-site manager is required. It locates in a vibrant Alhambra neighborhood, just minutes from variety of stylish restaurants, cafes, entertainment, and supermarkets.
Don't miss out this great opportunity!

Last Agent to Sell the Property

Katherine Quach

Treelane Realty Group Inc. License #01973653 Listed on: 10/15/2018

Treelane Realty Group Inc.

Last Buyer's Agent

Hua Jin Wong

Treelane Realty Group Inc. License #01313862

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 19,274 Sq Ft Lot
  • No Common Walls

Parking

  • 12 Open Parking Spaces
  • 13 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 12,588 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 11 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 154
  • Tax Tract Number 4816
  • Assessor Parcel Number 5347015026

Community Details

Overview

  • 2 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Fuel Expense $3,960
  • Insurance Expense $4,451
  • Water Sewer Expense $13,550
  • New Taxes Expense $56,160
  • Operating Expense $79,133
  • Gross Income $248,040
  • Net Operating Income $167,467

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0.44 Acres

Parking

13

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 13550.00
  • Zoning: ALRPD*
  • Property Type: Residential Income
  • Parcel Number: 5347015026
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 325.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 13.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 25.00
  • Uncovered Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19274.00
  • Lot Size Acres: 0.4425

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 800.00
  • Fuel Expense: 3960.00
  • Gross Income: 248040.00
  • Gross Scheduled Income: 246600.00
  • Insurance Expense: 4451.00
  • Laundry Income: 1440.00
  • Lot Size Area: 19274.0000 Square Feet
  • Net Operating Income: 167467.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 79133.00
  • Rent Control: No
  • Total Expenses: 79133.00

Tax Info

  • New Taxes Expense: 56160.00
  • Tax Census Tract: 4816.03
  • Tax Lot: 154
  • 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
Oct 15, 2018
Closed on
Apr 8, 2019
Sold by
Bought by
Seller's Agent
Katherine Quach
Treelane Realty Group Inc.
Buyer's Agent
Hua Jin Wong
Treelane Realty Group Inc.
List Price
$4,680,000
Sold Price
$4,100,000
Premium/Discount to List
-$580,000
-12.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Outstanding Balance
$1,072,958
Interest Rate
4.3%
Mortgage Type
Small Business Administration

Purchase Details

Closed on
Jul 8, 2016
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
$1,350,000
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 2011
Sold by
Bought by

Purchase Details

Closed on
May 28, 1996
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Alhambra Acres, CA

See All Agents

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
$4,100,000 Stewart Title Of Ca Inc
$3,400,000 Fidelity National Title Co
-- None Available
-- --
-- --
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 $1,800,000
Previous Owner $1,700,000
Previous Owner $1,350,000
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
04/16/2019 04/16/19 Sold $4,100,000 -12.4% $326 / Sq Ft
02/13/2019 02/13/19 Pending -- -- --
10/15/2018 10/15/18 For Sale $4,680,000 -- $372 / 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 $58,278 $4,573,623 $2,052,553 $2,521,070
2024 $56,577 $4,483,945 $2,012,307 $2,471,638
2023 $56,031 $4,396,025 $1,972,850 $2,423,175
2022 $53,371 $4,309,829 $1,934,167 $2,375,662
2021 $52,803 $4,225,324 $1,896,243 $2,329,081
2019 $6,599 $3,537,360 $1,040,400 $2,496,960
2018 $44,620 $3,468,000 $1,020,000 $2,448,000
2016 $12,465 $785,542 $128,979 $656,563
2015 $12,306 $773,743 $127,042 $646,701
2014 $12,244 $758,588 $124,554 $634,034
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18249417

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.