NOT LISTED FOR SALE

831 Edith Ave Alhambra, CA 91803

Estimated Value: $894,000 - $1,128,000

3 Beds
2 Baths
1,435 Sq Ft
$685/Sq Ft Est. Value

Last Sold July 18, 2013

Last sale price $475,000 $331 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $5,740/month

12 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Cottage
  • William Northrup Elementary School Rated A-
  • No HOA
  • Jalousie or louvered window

About This Home

As of July 2013

Investor's dream! Lots of potential here! Legal duplex in a highly desired area of Alhambra! Front unit (#A) is 2 bed 1 bath, approx 899 sqft, with inside laundry. Definately needs lots of updating and TLC. Rear unit (#B) is 1 bed 1 bath, approx 536 sqft. Extra long driveway leads to an extra large 1 car garage (1.5 car width.) Nice front yard for A unit and rear yard for B unit. Has separate gas meters and water heaters, but shared electric and water supply. There is a separate electric meter housing should you wish to have a 2nd meter installed.

Last Agent to Sell the Property

April Warfield

Rise Realty License #01275969 Listed on: 05/29/2013

Rise Realty

Co-Listed By

Steven Chin

Rise Realty License #01268315

Last Buyer's Agent

LINDA CHENG

HANDFORE REALTY CORP. License #00987236

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 5,078 Sq Ft Lot
  • Lot Dimensions are 41'x123'
  • No Common Walls
  • Wood Fence
  • Front Yard

Parking

  • 1 Car Garage
  • Parking Available
  • Shared Driveway

Home Design

  • Cottage
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,435 Sq Ft Home
  • 1-Story Property
  • Jalousie or louvered window
  • Carbon Monoxide Detectors
  • Free-Standing Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer Hookup

Additional Features

  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 15
  • Tax Tract Number 4809
  • Assessor Parcel Number 5350021020

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,180
  • Trash Expense $208
  • Water Sewer Expense $800
  • Gross Income $2,450
  • Net Operating Income $27,212

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Security: Carbon Monoxide Detector(s)
  • View: No
  • Water Sewer Expenses: 800.00
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Parcel Number: 5350021020
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 331.01
  • Window Features: Jalousies/Louvered

Exterior Features

  • Foundation: Raised
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Shared Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Washer Hookup
  • Trash Expense: 208.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard, Near Public Transit
  • Lot Size: 41'x123'
  • Lot Size Sq Ft: 5078.00
  • Lot Size Acres: 0.1170

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2450.00
  • Gross Scheduled Income: 29400.00
  • Insurance Expense: 1180.00
  • Lot Size Area: 5078.0000 Square Feet
  • Net Operating Income: 27212.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2188.00
  • Rent Control: No

Tax Info

  • Tax Block: 15
  • Tax Lot: 5
  • Tax Tract Number: 4809
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2014
Sold by
Gallegos Lonnie H
Bought by
Lonnie & Leticia Gallegos Living Trust
Current Estimated Value
$982,867

Purchase Details

Listed on
May 29, 2013
Closed on
Jun 13, 2013
Sold by
Lew May Wong
Bought by
Gallegos Lonnie H and Gallegos Leticia
Seller's Agent
April Warfield
Rise Realty
Buyer's Agent
LINDA CHENG
HANDFORE REALTY CORP.
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%
Original Mortgage
$288,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 1999
Sold by
Lew May Ngaw
Bought by
Lew Tony On and Lew May Wong
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Lonnie & Leticia Gallegos Living Trust -- None Available
Gallegos Lonnie H $475,000 Pacific Coast Title Company
Lew Tony On -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallegos Lonnie H $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2013 07/18/13 Sold $475,000 0.0% $331 / Sq Ft
06/10/2013 06/10/13 Pending -- -- --
05/29/2013 05/29/13 For Sale $475,000 -- $331 / 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 $7,215 $582,273 $408,207 $174,066
2024 $7,215 $570,856 $400,203 $170,653
2023 $7,134 $559,663 $392,356 $167,307
2022 $6,794 $548,690 $384,663 $164,027
2021 $6,722 $537,932 $377,121 $160,811
2019 $6,487 $521,980 $365,937 $156,043
2018 $6,465 $511,746 $358,762 $152,984
2017 $6,374 $501,713 $351,728 $149,985
2016 $5,943 $491,877 $344,832 $147,045
2015 $5,853 $484,490 $339,653 $144,837
2014 $5,782 $475,000 $333,000 $142,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13104747

California Regional Multiple Listing Service (CRMLS)

APN: 5350-021-020