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300 North Electric Avenue

300 North Electric Avenue, Alhambra, CA 91801
Property in Alhambra
Sold Nov 03, 2017
$2,260,000
$885,000 by First Republic Bank
Mortgage Due Nov 03, 2047
Sold Apr 24, 2013
$1,460,000
Local assessors in Alhambra, CA have categorized 300 North Electric Avenue as a residential type of property. The home was built in 1979 and is 45 years old. The property's lot size has been calculated to be 8,217 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 12 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 12 full bathrooms. There are also 12 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 300 North Electric Avenue has a total of 6,222 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Residents rely on central air conditioning for their cooling system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 300 North Electric Avenue sold most recently in Oct 10, 2017 for a total of $2,260,000. If you work out the math, that's approximately a cost of $363.23 per sqft. Before that, the property was also sold for $1,460,000 in Feb 20, 2013. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $29,639 in taxes each year. 300 North Electric Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,471,637. If we break it down further, the land itself was valued at $1,640,468. Improvements to the property, however, were assessed at a total of $831,169. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 12
  • Bathroom Count: 12
  • Full Bathrooms: 12
  • Partial Bathrooms: 12
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 5
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,217
  • Total Building Area: 6,222
  • Gross Building Area: 6,222
  • Building Area: 6,222
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 6,222
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALHAMBRA ROAD TRACT
  • Land Acres: 0.189
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: ALHAMBRA ROAD TRACT LOT/SEC 25

Ownership

  • Current Owner : LI NATHANIEL
  • Current Owner 2: THE NATHANIEL LI REVOCABLE LIVING TRUST
  • Previous Owner : KKJC PROPERTY LLC
  • Owner Before Previous Owner: HWANG JOSEPH C
  • Owner Before Previous Owner 2: HWANG WENDY SJ
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Alhambra Unified School District
  • Census Tract: 480303

Zoning

  • Zoning: ALRPD*

Geography

  • Assessors Map Reference: 37-B4
  • Parcel: 5338-010-014
  • Lot: 25
  • Municipality: EAST /N ALHAM/SAN GAB
  • Latitude: 34.0954
  • Longitude: -118.139

    Address

  • Full Address: 300 N Electric Ave
  • Address - House Number: 300
  • Street Direction: N
  • Address - Street Name: Electric
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Alhambra
  • Carrier Code: C083
  • 4-Digit Zip Code: 2052
  • Zip Code: 91801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $29,639
  • Tax Rate Code Area: 01-797

    Appraisal Valuation

  • Standard Deviation: 0.3325
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 33
  • Final Value: 2,354,753
  • High Value: 3,137,785
  • Low Value: 1,571,720

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $885,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Nov 03, 2017
  • First Open Lien Mortgage Loan Amount: $885,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Nov 03, 2047

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,471,637
  • Assessed Land Value: $1,640,468
  • Assessed Improvements Value: $831,169

    Sales

  • Current Sale Contract Date: Oct 10, 2017
  • Current Sale Recording Date: Nov 03, 2017
  • Current Sale Transaction ID: 1398014607
  • Current Sale Price: $2,260,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-1269135
  • Previous Sale Recording Date: Apr 24, 2013
  • Previous Sale Contract Date: Feb 20, 2013
  • Previous Sale Amount: $1,460,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Nov 03, 2017
  • First Mortgage Loan Amount: $885,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 300 North Electric Avenue located in?
The 300 North Electric Avenue is a located in the neighborhood of Alhambra in Alhambra, Alhambra.
What is the average sales price for listings in 300 North Electric Avenue?
The average sales price for units in 300 North Electric Avenue is $0 currently.

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