Stein Valuation, Inc.
Real Estate Appraisals & Consultation
Our appraisal experience spans the spectrum of property types and includes, apartment, office buildings, industrial buildings, R & D Buildings, mobile home parks, residential subdivisions, retail buildings and shopping centers, mixed portfolios, same-use portfolios, mixed use buildings, and a multitude of other property types. If you are a new visitor to our site, we invite you to explore these pages for more information on our services and the appraisal industry.
Following is a typical Appraisal Location description utilized by the Appraiser in analyzing the general area market trends.
Alhambra Area Description
Bordered by San Gabriel on the east, Rosemead on the southeast, South Pasadena on the northwest, San Marino on the north, Monterey Park on the south, and the Los Angeles districts of Monterey and El Sereno on the west, Alhambra is located in the western San Gabriel Valley region of Los Angeles County approximately 8 miles from the downtown Los Angeles civic center. The city was incorporated on the eleventh of July 1903. Garfield Avenue, Atlantic and Valley Boulevards, and Mission Road are among the city’s major thoroughfares.
Alhambra City is home to 85,804 residents according to the 2000 census. Based on this population and having a total area of 19.7 km² (7.6 mi²)—all of which is land—the population density is reported to be at 4,347.7/km² (11,257.3/mi²).
Based on U.S. Census results for the year 2000, 25,816 of the city’s residents were in school. The same census results show that 34.87% of the city's students were in elementary school, 19.5% were in high school, 36.9% were in college or graduate school, 4.2% were in nursery or preschool, and only 4.6% were in kindergarten.
After six years, the city has considerably grown as can be seen from the percentage change in its population. The 2006 census estimates the present population to be at 89,326. With this change also comes the increase in the count of the housing units. This year’s approximations showed that housing units are now up to 30,188. And based on the latest housing estimates, there are 12,744 single detached housing units, 3,284 single attached housing units, 3,963 multiple 2–4-plus attached units, 10,180 multiply 5-plus attached units, and 17 mobile units currently accounted for in the city. The rented ones are priced from $100 to $1,999 per month, with a median rate of $728 rental fee per month. Of the vacant-for-sale-only housing units, prices ranged from less than $20,000 to more than $1,000,000.
The 2000 data set on the city’s mortgage status revealed that of the specified owner-occupied housing units 6,850 of these occupied units were mortgaged while only 2,913 were not. An equivalent of 36.3% or 2,487 of these units had monthly household costs of $1,000 to $1,499. This is followed by the 1,902 units with a monthly household cost of $1,500 to $1,999. The lowest monthly owner cost recorded was at $200 to $299 where 6 units were listed to have such. The median monthly cost of homeowners with mortgage is at $1,414; without mortgage, $282.
Alhambra City's labor force totaled 40,191, based on census results for the year 2000. Out of the 68,824 city residents that were at least 16 years old, 37,421 were employed and only 2,742 were unemployed. About 19,462 females who were at least 16 years old belonged to the labor force. About 18,304 of them were employed.
According to census results for the year 2000, most of the employed population had management, professional, and related occupations. About 30.2% of the workers had sales or office and administrative support positions while only around 147% had service jobs. Construction and maintenance workers make up only 5.9% of the city's employed residents while none were involved in farming, fishing, and other related jobs.
In terms of industry, 7,949 residents worked for the educational, health and social services industry. There were 5,505 involved in the manufacturing industry. About 3,631 worked in the professional, scientific, management, administrative, and waste management services. And around 3,006 worked in the finance, insurance, real estate, and rental and leasing and 1,547 were in the information industry.
Copyright ©2005 – 2006, Stein Valuation, Inc.
All Rights Reserved.
No portion of this page, text, images or code, may be copied, reproduced, published or distributed in any medium without the expressed written permission of the copyright holder.