NOT LISTED FOR SALE

Rosemead, CA 91770

23 Beds
15 Baths
-- Sq Ft
0.36 Acres

Last Sold November 25, 2013

Last sale price $1,748,000

105 Days on Market

Highlights

  • 0.36 Acre Lot
  • Mediterranean Architecture
  • 14 Attached Carport Spaces
  • Emma W. Shuey Elementary School Rated A-
  • Laundry Room
  • 1-minute walk to Sally Tanner Park

About This Home

As of November 2013

Great investment opportunity! Built in 1990, this Mediterranean-style complex consists of eight townhouse units totaling 8,689 square feet. The lot size is almost 16,000 square feet. There are seven 3-bedroom 2-bath units and one 2-bedroom and 1-bath unit. The property was painted in 2012 and has impressive curb appeal. Each unit is very spacious and has central air and heating and its own private outdoor deck. The total deck space is estimated to be 1,280 square feet. The property has 14 covered carport spaces and 6 uncovered spaces. This property has produced a consistently strong cash flow with an upside to the rents. Located across from Sally Tanner Park, this property is close to shopping and transportation. Please note that the financial information was based on projected rents of $131,400 per year. Actual rents are $118,320.

Last Agent to Sell the Property

Matthew Bryant

M&M Bryant Real Estate Inc License #01302873 Listed on: 08/06/2013

M&M Bryant Real Estate Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 0.36

Home Design

  • Mediterranean Architecture

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 15 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 14 Parking Spaces
  • 14 Attached Carport Spaces
  • Parking Available

Additional Features

  • 0.36 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5372012001

Community Details

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,000
  • Gardener Expense $1,200
  • Insurance Expense $2,400
  • Maintenance Expense $6,000
  • Other Expense $1,200
  • Professional Management Expense $5,916
  • Trash Expense $1,500
  • Water Sewer Expense $3,680
  • Operating Expense $43,496
  • Gross Income $131,400
  • Net Operating Income $81,334

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • CapRate: 4.91
  • Professional Management Expense: 5916.00
  • Property Attached: No
  • Water Sewer Expenses: 3680.00
  • Architectural Style: Mediterranean
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5372012001
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Carport Spaces: 14.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 14.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Trash Expense: 1500.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 15869.00
  • Lot Size Acres: 0.3600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 1000.00
  • Gross Multiplier: 12.54
  • Gross Operating Income: 131400.00
  • Gross Scheduled Income: 131400.00
  • Insurance Expense: 2400.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 15869.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 81334.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 43496.00
  • Operating Expense Percent: 35.00
  • Other Expense: 1200.00
  • Total Expenses: 43496.00
  • Vacancy Allowance: 5

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
11/25/2013 11/25/13 Sold $1,748,000 +6.1% --
11/19/2013 11/19/13 Pending -- -- --
08/06/2013 08/06/13 For Sale $1,648,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matthew Bryant

    Seller's Agent in 2013

    Matthew Bryant

    M&M Bryant Real Estate Inc

    (626) 441-3141

    1 in this area

    49 Total Sales

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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22178482

Pasadena-Foothills Association of REALTORS®

California Los Angeles County Rosemead

91770

This home since 06 August 2013. This property was built in 1990. This home is a home located in Los Angeles County with nearby schools including Emma W. Shuey Elementary School, Muscatel Middle School, and Rosemead High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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