NOT LISTED FOR SALE
6 Beds
6 Baths
-- Sq Ft
7,503 Sq Ft Lot

Last Sold May 16, 2019

Last sale price $2,200,000

16 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Parking Storage or Cabinetry
  • Emma W. Shuey Elementary School Rated A-
  • Laundry Room
  • 2-minute walk to Sally Tanner Park

About This Home

As of May 2019

927 S Charlotte Ave, a 6-unit newer construction townhouse style apartment in the desirable City of San Gabriel. This non-rent-control property is located within minutes to San Gabriel Blvd, and Valley Blvd which offers excellent area amenities to tenants.

The property was built in 1987, has a total of ±5,501 sqft building size and situated on a ±7,502 sqft lot with an excellent curb-appeal and neatly manicured landscaping. The property offers an excellent curb appeal and complete with central A/C and heating for each unit and garage parking. Recent capital improvements include new exterior painting, new landscaping, and recently serviced central HVAC systems. It has shared laundry room with seller own machines.

It offers excellent unit mix of three (3) large 2bedroom+1.5bathroom townhouse units, and three (3) large 2bedroom+2bathroom units. Each unit is individually metered for electricity and gas, and has individual water heater. The property has copper plumbing, and central A/C for each unit. Each unit is large with an estimated average size of ±915sqft (buyer to verify), complete with double pane windows in most units, and plenty of storage cabinets.

Two units have been upgraded leaving significant value-add potential on the remaining 4 units. There are 12 parking spaces that consist of 6 garages and 6 open spaces in the back.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 04/16/2019

Last Buyer's Agent

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 04/16/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,503 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 6 Car Garage
  • 6 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Location

  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5389001019

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,604
  • New Taxes Expense $30,496
  • Operating Expense $45,623
  • Gross Income $140,495
  • Net Operating Income $94,871

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 4.14
  • Other Phone Description: OFFICE
  • Other Phone Number: 6265944901
  • Property Attached: Yes
  • Zoning: SLR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5389001019
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 7503.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 140495.00
  • Gross Multiplier: 15.81
  • Gross Operating Income: 140495.00
  • Gross Scheduled Income: 144840.00
  • Insurance Expense: 1604.00
  • Lot Size Area: 7503.0000 Square Feet
  • Net Operating Income: 94871.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number Wall A C: 2
  • Number With Disposal: 6
  • Number With Range: 6
  • Operating Expense: 45623.00
  • Rent Control: No
  • Total Actual Rent: 11970.00
  • Total Expenses: 45623.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 30496.00
  • Tax Census Tract: 4814.02

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2019 05/16/19 Sold $2,200,000 -3.9% --
05/02/2019 05/02/19 Pending -- -- --
04/16/2019 04/16/19 For Sale $2,290,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR19086763

California Regional Multiple Listing Service (CRMLS)