$1,525,000
SOLD JAN 2, 2025

812 Edith Ave Unit A Alhambra, CA 91803

8 Beds
4 Baths
3,160 Sq Ft
5,565 Sq Ft Lot

Recently Sold

$483 Per Sq Ft

8% Below List Price

87 Days on Market

Highlights

  • No HOA
  • William Northrup Elementary School Rated A-
  • Laundry Room

About This Home

As of January 2025

Attention investors! Please check this well-maintained income property with 4 fully leased units in very convenient location in Alhambra, Close to Costco, 10 freeway, valley Blvd, downtown Alhambra and everything. Unit A and B are downstairs and unit C and D are upstairs.Each unit has 2 bedrooms and 1 bathroom. All 4 units were gradually upgraded in recent years. The Unit A was upgraded in 2018-2019, the Unit B in 2024, Unit C in 2018 and Unit D in 2020. Very easy to rent out with a competitive rent. Low maintenance. Laundry in the community with Coin-operated washer and dryer. The washer was replaced with a brand new one in 2022. 4 carport spaces plus 2 uncovered parking spaces. Drive by only. Offer is subject to the inspection. Please do not disturb Tenants or enter the property. Call or text L/A for any questions.Thank you.

Last Agent to Sell the Property

Linda Yang

IRN Realty Brokerage Phone: 626-367-7887 License #01911223 Listed on: 08/30/2024

IRN Realty

Last Buyer's Agent

Jason Paukovits

Dream Realty & Investments Inc License #02016243

Dream Realty & Investments Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,875

Year Built

  • Built in 1963

Lot Details

  • 5,565 Sq Ft Lot
  • No Common Walls

Home Design

  • Quadruplex

Interior Spaces

  • 3,160 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 7 / 16
  • Tax Tract Number 1797
  • Assessor Parcel Number 5350020029
  • $1,333 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $309
  • Fuel Expense $746
  • Gardener Expense $1,200
  • Insurance Expense $1,653
  • Maintenance Expense $2,595
  • Trash Expense $1,861
  • Water Sewer Expense $2,084
  • Operating Expense $10,448
  • Gross Income $95,000
  • Net Operating Income $84,552

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,875

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Price Per Unit: 402500
  • Property Attached: No
  • Water Sewer Expenses: 2084.00
  • Zoning: ALRPD*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5350020029
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Ground
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 482.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1861.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 5565.00
  • Lot Size Acres: 0.1278

Multi Family

  • Electric Expense: 309.00
  • Fuel Expense: 746.00
  • Gross Income: 95000.00
  • Gross Scheduled Income: 95000.00
  • Insurance Expense: 1653.00
  • Laundry Income: 2000.00
  • Lot Size Area: 5565.0000 Square Feet
  • Maintenance Expense: 2595.00
  • Net Operating Income: 84552.00
  • 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: 10448.00
  • Rent Control: Yes
  • Total Expenses: 10448.00

Tax Info

  • Tax Block: 16
  • Tax Census Tract: 4809.02
  • Tax Lot: 7
  • Tax Tract Number: 1797
  • TaxOtherAnnualAssessmentAmount: 1333.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2024
Closed on
Dec 24, 2024
Sold by
Zhu Xianzhong and Cui Yanting
Bought by
Patty P King Trust and King
Seller's Agent
Linda Yang
IRN Realty
Buyer's Agent
Jason Paukovits
Dream Realty & Investments Inc
List Price
$1,660,000
Sold Price
$1,525,000
Premium/Discount to List
-$135,000
-8.13%
Views
24
Current Estimated Value
$1,512,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,585
Avg. Annual Appreciation
-0.90%

Purchase Details

Closed on
Jul 17, 2019
Sold by
Nassar Elizabeth and The Nassar Living Trsut
Bought by
Zhu Xianzhong and Cui Yanting

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,500
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,525,000 Lawyers Title
Grant Deed $1,250,000 Pacific Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $650,000 New Conventional
Previous Owner $812,500 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2025 01/02/25 Sold $1,525,000 -5.3% $483 / Sq Ft
11/25/2024 11/25/24 Pending -- -- --
10/17/2024 10/17/24 Price Changed $1,610,000 -3.0% $509 / Sq Ft
08/30/2024 08/30/24 For Sale $1,660,000 0.0% $525 / Sq Ft
07/02/2022 07/02/22 Rented $2,300 0.0% --
06/14/2022 06/14/22 For Rent $2,300 -- --
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 $16,875 $1,367,054 $874,915 $492,139
2024 $16,875 $1,340,250 $857,760 $482,490
2023 $16,728 $1,313,972 $840,942 $473,030
2022 $15,932 $1,288,208 $824,453 $463,755
2021 $15,767 $1,262,950 $808,288 $454,662
2019 $2,531 $108,982 $38,114 $70,868
2018 $2,412 $106,846 $37,367 $69,479
2016 $2,248 $102,699 $35,917 $66,782
2015 $2,222 $101,157 $35,378 $65,779
2014 $2,228 $99,176 $34,685 $64,491
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24176235

California Regional Multiple Listing Service (CRMLS)

APN: 5350-020-029