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3940 Bresee Avenue

3940 Bresee Avenue, Baldwin Park, CA 91706
Property in Baldwin Park
Sold Apr 14, 2016
$4,700,000
$3,125,000 by Jpmorgan Chase Bank Na
Mortgage
Sold Apr 19, 2000
$1,180,000
$885,000 by Standard Svgs Bank
Mortgage Due May 01, 2015
3940 Bresee Avenue has been categorized by the local assessors in Baldwin Park, CA as a residential type of property. The building on the property was first built in 1926 and is 98 years old. The home has a total of 60 bedrooms. Residents will have access to 33 full bathrooms. There are 33 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3940 Bresee Avenue has 21,972 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 36,769 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of stucco. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing floor/wall heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3940 Bresee Avenue was last sold in Apr 11, 2016 for $4,700,000. According to our calculations, that's $213.91 per sqft. Prior to that sales transaction, the property was sold for $1,180,000 in Feb 17, 2000. Current property owners are expected to pay $72,652 in taxes per year. The property on 3940 Bresee Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $5,347,793. To break that down further, the land itself was valued at $3,101,721. While improvements to the property were assessed at a total of $2,246,072. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 2
  • Bedroom Count: 60
  • Bathroom Count: 33
  • Full Bathrooms: 33
  • Partial Bathrooms: 33
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 27
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 36,769
  • Total Building Area: 21,972
  • Building Area: 21,972
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Floor/wall
  • Heated Square Feet: 21,972
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 718
  • Land Acres: 0.844
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: TRACT # 718 0.82 AC SE 120 FT OF NW 315 FT OF SW 300 FT OF LOT/SEC 2

Ownership

  • Current Owner : ANJOJO LLC
  • Previous Owner : WONG THOMAS KWOK PING
  • Previous Owner 2: WONG HSIU YU HSU
  • Owner Before Previous Owner: HO KUO W
  • Owner Before Previous Owner 2: HO MEI Y
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Baldwin Park Unified School District
  • Census Tract: 404805

Zoning

  • Zoning: BPR3*

Geography

  • Assessors Map Reference: 39-D5
  • Subdivision Tract Number: 718
  • Parcel: 8553-006-014
  • Lot: 2
  • Municipality: EAST /AZUSA BPK
  • Latitude: 34.0833
  • Longitude: -117.97

    Address

  • Full Address: 3940 Bresee Ave
  • Address - House Number: 3940
  • Address - Street Name: Bresee
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Baldwin Park
  • Carrier Code: C059
  • 4-Digit Zip Code: 4139
  • Zip Code: 91706

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $72,652
  • Tax Rate Code Area: 02-088

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 55
  • Final Value: 4,809,465
  • High Value: 5,872,564
  • Low Value: 3,746,365

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $4,125,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Apr 14, 2016
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $3,125,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • Second Open Lien Mortgage Recording Date: Sep 09, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $1,000,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,347,793
  • Assessed Land Value: $3,101,721
  • Assessed Improvements Value: $2,246,072

    Sales

  • Current Sale Contract Date: Apr 11, 2016
  • Current Sale Recording Date: Apr 14, 2016
  • Current Sale Transaction ID: 1504362326
  • Current Sale Price: $4,700,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 16-0419656
  • Previous Sale Recording Date: Apr 19, 2000
  • Previous Sale Contract Date: Feb 17, 2000
  • Previous Sale Amount: $1,180,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Apr 14, 2016
  • First Mortgage Loan Amount: $3,125,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: STANDARD SVGS BANK
  • Previous Mortgage Transaction Date: Apr 19, 2000
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $885,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: May 01, 2015

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Frequently Asked Questions

What neighborhood is 3940 Bresee Avenue located in?
The 3940 Bresee Avenue is a located in the neighborhood of Baldwin Park in Baldwin Park, Baldwin Park.
What is the average sales price for listings in 3940 Bresee Avenue?
The average sales price for units in 3940 Bresee Avenue is $0 currently.

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