NOT LISTED FOR SALE

8926 Valley Blvd Rosemead, CA 91770

Estimated Value: $10,700,681

1.79 Acres
$5,971,362 Price per Acre
78,060 Sq Ft Lot

Last Sold August 25, 2014

Last sale price $5,750,000

Est. 86% increase in value since last sale

Current estimated payment $57,009/month

95 Days on Market

About This Lot

As of August 2014

Property located in heart of Rosemead downtown area on demanded Valley Blvd, property content 8926-8938 E. Valley Blvd + 8921-8931 Nevada St,
existing 5 retail stores and 2 single family home on total 9 parcels of commercial land 78,062 Sf CBD zone, frontage 230 foot, deep lot from Valley Blvd to Nevada Street, current income $12,889 per month, 3 vacancy, projected income total 27,283.50/gross/mo, great opportunity for investor, user or development, 9 Parcel number: 5390-012-(057,058, 059,050,049, 048,047,046,045).

Last Agent to Sell the Property

Gin Liu

KO TAI REALTY License #00965719 Listed on: 04/28/2014

KO TAI REALTY

Last Buyer's Agent

Peter Ta

ADVANTAGE REALTY License #01402952

Property Details

Property Type

  • Land

Lot Details

  • 1.79 Acre Lot
  • Property is zoned CBD-D

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5390012057

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Current Use Comments: 5 Retail store+2 single family home
  • View: No
  • Zoning: CBD-D
  • Property Type: Land
  • Parcel Number: 5390012057
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 73.66

Utilities

  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 78062.00
  • Lot Size Acres: 1.7920

Multi Family

  • Lot Size Area: 78062.0000 Square Feet

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2014
Closed on
Jul 30, 2014
Sold by
Zwick Bernard
Bought by
Zwick Bernard and Zwick Margie
Seller's Agent
Gin Liu
KO TAI REALTY
Buyer's Agent
Peter Ta
ADVANTAGE REALTY
List Price
$5,990,000
Sold Price
$5,750,000
Premium/Discount to List
-$240,000
-4.01%
Current Estimated Value
$10,700,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,950,681
Avg. Annual Appreciation
5.58%
Original Mortgage
$2,900,000
Outstanding Balance
$2,212,069
Interest Rate
4.12%
Mortgage Type
Commercial
Estimated Equity
$8,488,612

Purchase Details

Listed on
Apr 28, 2014
Closed on
Jul 29, 2014
Sold by
Zwick Adam T
Bought by
8928 East Valley Llc
Seller's Agent
Gin Liu
KO TAI REALTY
Buyer's Agent
Peter Ta
ADVANTAGE REALTY
List Price
$5,990,000
Sold Price
$5,750,000
Premium/Discount to List
-$240,000
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Outstanding Balance
$2,212,069
Interest Rate
4.12%
Mortgage Type
Commercial
Estimated Equity
$8,488,612

Purchase Details

Closed on
May 23, 2013
Sold by
Zwick Bernard
Bought by
Zwick Benjamin P and Zwick David A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Zwick Bernard -- None Available
8928 East Valley Llc -- Ticor Title Company
Zwick Benjamin P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 8928 East Valley Llc $2,900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2014 08/25/14 Sold $5,750,000 -4.0% --
08/01/2014 08/01/14 Pending -- -- --
04/28/2014 04/28/14 For Sale $5,990,000 -- --
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 $17,312 $1,354,472 $925,418 $429,054
2024 $17,312 $1,327,915 $907,273 $420,642
2023 $17,390 $1,301,879 $889,484 $412,395
2022 $16,801 $1,276,353 $872,044 $404,309
2021 $16,594 $1,251,328 $854,946 $396,382
2019 $16,326 $1,214,215 $829,589 $384,626
2018 $15,526 $1,190,408 $813,323 $377,085
2016 $14,737 $1,144,186 $781,742 $362,444
2015 $14,760 $1,127,000 $770,000 $357,000
2014 $3,191 $165,557 $77,977 $87,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14086843

California Regional Multiple Listing Service (CRMLS)

APN: 5390-012-057