NOT LISTED FOR SALE

Estimated Value: $1,044,000 - $1,219,000

3 Beds
3 Baths
1,540 Sq Ft
$754/Sq Ft Est. Value

Last Sold July 28, 2020

Last sale price $815,000 $529 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,951/month

140 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Garfield Elementary School Rated A-
  • Central Air

About This Home

As of July 2020

Great North Alhambra Location Duplex on high traffic count and great exposure street. Front unit rented below market and vacant back unit perfect for owner occupancy or upgrade for higher rent. Walking distance to supermarket. Main street restaurant roll and shops, 14-plex theater and many convenient community amenities.
Front unit is tenant occupied do not interrupted. Inspection subject to offer acceptance.
back unit is vacant and easy to sho, front unit will be vacant on May 29th.

Last Agent to Sell the Property

MING SONG

RE/MAX PREMIER/ARCADIA License #01866980 Listed on: 02/04/2020

RE/MAX PREMIER/ARCADIA

Co-Listed By

Norman Chang

INVESERVE, INC. License #00970183

Last Buyer's Agent

Miguel Franco

24 Hour Real Estate License #01442651

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,800

Year Built

  • Built in 1921

Lot Details

  • 7,115 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 1,540 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Suburban Location
  • Central Air

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 17
  • Tax Tract Number 2093
  • Assessor Parcel Number 5321026016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Valley

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $320
  • Insurance Expense $1,000
  • New Taxes Expense $9,000
  • Operating Expense $14,400
  • Gross Income $43,200
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,800

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.61
  • Property Attached: No
  • Zoning: ALRPD*
  • Property Type: Residential Income
  • Gardener Expense: 320.00
  • Parcel Number: 5321026016
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Entry Location: 2
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 529.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7115.00
  • Lot Size Acres: 0.1633

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 940 Square Feet
  • Gross Income: 43200.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7115.0000 Square Feet
  • Maintenance Percent: 10.00
  • Net Operating Income: 28800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Number With Carpet: 2
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Operating Expense: 4320.00
  • Rent Control: No
  • Total Expenses: 14400.00

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Census Tract: 4804.00
  • Tax Lot: 17
  • Tax Tract Number: 2093

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2020
Closed on
Jul 22, 2020
Sold by
Shah Kiritkumar and Shah Ramila
Bought by
Naga Ranna Nagi El
Seller's Agent
MING SONG
RE/MAX PREMIER/ARCADIA
Buyer's Agent
Miguel Franco
24 Hour Real Estate
List Price
$839,999
Sold Price
$815,000
Premium/Discount to List
-$24,999
-2.98%
Current Estimated Value
$1,105,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,092
Avg. Annual Appreciation
7.26%
Original Mortgage
$800,238
Outstanding Balance
$714,032
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$446,524

Purchase Details

Closed on
Jan 19, 2015
Sold by
Shah Kiritkumar and Shah Ramila
Bought by
Kirit & Ramila Shah Family Trust

Purchase Details

Closed on
Jun 29, 2005
Sold by
Stelmasek Michael
Bought by
Shah Kiritkumar and Shah Ramila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2004
Sold by
Dabell Marilyn M and The Dabell Family
Bought by
Stelmasek Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,400
Interest Rate
6.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 1994
Sold by
Dabell Austin R and Dabell Marilyn M
Bought by
Dabell Austin R and Dabell Marilyn M
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
Naga Ranna Nagi El $815,000 Fidelity National Title Co
Kirit & Ramila Shah Family Trust -- None Available
Shah Kiritkumar $700,000 Fatcola
Stelmasek Michael $428,000 Chicago Title Company
Dabell Austin R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Naga Ranna Nagi El $800,238
Previous Owner Shah Kiritkumar S $517,000
Previous Owner Shah Kiritkumar $517,000
Previous Owner Shah Kiritkumar $485,000
Previous Owner Stelmasek Michael $342,400
Closed Stelmasek Michael $85,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2020 07/28/20 Sold $815,000 -3.0% $529 / Sq Ft
05/26/2020 05/26/20 For Sale $839,999 +3.1% $545 / Sq Ft
04/23/2020 04/23/20 Off Market $815,000 -- --
02/04/2020 02/04/20 For Sale $799,999 -- $519 / Sq Ft
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 $10,800 $882,179 $616,985 $265,194
2024 $10,800 $864,883 $604,888 $259,995
2023 $10,678 $847,926 $593,028 $254,898
2022 $10,164 $831,300 $581,400 $249,900
2021 $10,061 $815,000 $570,000 $245,000
2020 $9,816 $790,000 $636,200 $153,800
2019 $9,186 $745,000 $600,000 $145,000
2018 $9,331 $745,000 $600,000 $145,000
2016 $7,956 $660,000 $505,600 $154,400
2015 $7,947 $660,000 $505,600 $154,400
2014 $6,239 $504,000 $386,100 $117,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20021693

California Regional Multiple Listing Service (CRMLS)

APN: 5321-026-016