NOT LISTED FOR SALE

8717 Longden Ave San Gabriel, CA 91775

Estimated Value: $1,354,000 - $1,621,356

4 Beds
2 Baths
1,815 Sq Ft
$806/Sq Ft Est. Value

Last Sold April 22, 2014

Last sale price $760,000 $419 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $8,780/month

7 Days on Market

Highlights

  • Cathedral Ceiling
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Emperor Elementary School Rated A
  • Beamed Ceilings
  • Tile Countertops

About This Home

As of April 2014

Beautiful area and great location! Spacious two homes on one lot in very well established neighborhood of San Gabriel. In the California Distinguished, Temple City High School district, centrally located near shopping, entertainment, and major transportation routes, this is a terrific investment opportunity to either live in one unit and rent out the back or rent both units. Front unit is currently tenant occupied with a $1700/month rent. The back home is currently vacant with market rents at around $1525 - $1625. Well qualified tenants were found for both units in November 2013 within 2 weeks!
Both homes were recently upgraded with new carpet and fixtures. Both homes have fenced backyards. The front home is approximately 1000 SQFT with a 2-car garage, and the back house is approximately 800 SQFT with a large fenced backyard and 1-car garage. DO NOT DISTURB FRONT HOUSE TENANT.

Last Agent to Sell the Property

Michael Mattson

Lido Real Estate & Investments License #00702177 Listed on: 03/07/2014

Last Buyer's Agent

Charles Moh

Wetrust Realty License #00957283

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,292

Year Built

  • Built in 1957 | Remodeled

Lot Details

  • 10,151 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Wood Fence
  • Fence is in good condition
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Shared Driveway
  • Unassigned Parking

Home Design

  • Bungalow
  • Entry on the 1st floor
  • Turnkey
  • Composition Roof

Interior Spaces

  • 1,815 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room
  • Carpet

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Accessible Home Design

  • Grab Bar In Bathroom
  • Accessible Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater
  • Sewer Paid

Additional Features

  • Shed
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 71
  • Tax Tract Number 9261
  • Assessor Parcel Number 5381022028

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $3,325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,292

Year Built

Built in 1957 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Other Phone Number: 714-956-7712
  • Property Attached: No
  • Zoning: Lcr-1*
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5381022028
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings, Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Accessibility Features: Grab Bars In Bathroom(s), Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 418.73
  • Room Type: Living Room

Exterior Features

  • Direction Faces: South
  • Other Structures: Shed(s)
  • Fencing: Good Condition, Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Asphalt, Concrete, Driveway, Shared Driveway, Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Range Hood, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10151.00
  • Lot Size Acres: 0.2330

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 3325.00
  • Gross Scheduled Income: 39900.00
  • Lot Size Area: 10151.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Rent Control: No

Tax Info

  • Tax Lot: 71
  • Tax Tract Number: 9261
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2014
Closed on
Mar 21, 2014
Sold by
Hayner Peggy and The Robert Lewis Trust
Bought by
Leaveland Llc
Seller's Agent
Michael Mattson
Lido Real Estate & Investments
Buyer's Agent
Charles Moh
Wetrust Realty
List Price
$750,000
Sold Price
$760,000
Premium/Discount to List
$10,000
1.33%
Current Estimated Value
$1,462,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$702,839
Avg. Annual Appreciation
5.85%

Purchase Details

Closed on
Nov 27, 2002
Sold by
Lewis Robert and Lewis Robert A
Bought by
Lewis Robert and The Robert Lewis Trust

Purchase Details

Closed on
Nov 27, 2001
Sold by
Bee Pang
Bought by
Bee Pang and Chan Siuping

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.63%
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
Leaveland Llc $770,000 Orange Coast Title Company
Lewis Robert -- --
Bee Pang -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bee Pang $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2014 04/22/14 Sold $760,000 +1.3% $419 / Sq Ft
03/14/2014 03/14/14 Pending -- -- --
03/07/2014 03/07/14 For Sale $750,000 -- $413 / 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 $13,292 $1,103,147 $698,738 $404,409
2024 $13,292 $1,081,518 $685,038 $396,480
2023 $12,825 $1,060,312 $671,606 $388,706
2022 $12,003 $1,039,523 $658,438 $381,085
2021 $12,225 $1,019,141 $645,528 $373,613
2020 $12,054 $1,008,692 $638,909 $369,783
2019 $11,788 $988,915 $626,382 $362,533
2018 $11,460 $969,525 $614,100 $355,425
2016 $9,447 $797,360 $590,254 $207,106
2015 $9,288 $785,384 $581,388 $203,996
2014 -- $745,000 $560,000 $185,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14050668

California Regional Multiple Listing Service (CRMLS)

APN: 5381-022-028