NOT LISTED FOR SALE
2 Beds
1 Bath
4,934 Sq Ft
8,764 Sq Ft Lot

Sale Details

Date Sold: December 1, 2020

Last sale price $2,250,000 $456 Per Sq Ft

46 Days on Market

Highlights

  • Laundry Facilities
  • Pasadena High School Rated A
  • Level Lot

About This Home

As of December 2020

The Grand Oaks Apartments are located in central Pasadena south of Colorado Blvd. This +/- 4,934 sqft building is a 2-story, wood frame/stucco building with a torch down roof (replaced in 2007) and a raised foundation. The asphalt driveway and parking was redone approximately 2 years ago. All 6 units have their original oak hardwood floors refinished. The prior owner re-piped the building with copper pipes in 2003 and the current owner has upgraded all units with the following: kitchens have new cabinets, granite counters, tile backsplash, refrigerators, stoves/ranges with a built-in microwave above the stove, fixtures and tile floors; bathrooms, new fixtures, toilets, tile showers and floors. All units have new white vinyl windows and slider. All kitchens have gas stoves/ovens, refrigerators and garbage disposals. All units have wall A/C, gas wall heating and a private balcony or patio. There are 6 detached carports in the rear, roof was replaced in 2007 and there is 1 washer and 1 dryer which are owned by the landlord. Do not disturb tenants.

Last Agent to Sell the Property

Kevin Lutz

Keller Williams Realty/Pasadena License #00925595 Listed on: 09/08/2020

Keller Williams Realty/Pasadena

Co-Listed By

Kevin Hurley

Keller Williams Realty/Pasadena License #01237798

Last Buyer's Agent

Razmik Boghossian

JohnHart Real Estate License #00954903

JohnHart Real Estate
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 8,764 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • 4,934 Sq Ft Home
  • Apartment

Kitchen

  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Listing and Financial Details

  • Tax Lot 64
  • Assessor Parcel Number 5747006033

Community Details

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $639
  • Fuel Expense $1,309
  • Gardener Expense $1,200
  • Insurance Expense $1,999
  • Maintenance Expense $10,987
  • Other Expense $2,615
  • Trash Expense $2,320
  • Water Sewer Expense $2,550
  • New Taxes Expense $24,288
  • Operating Expense $47,908
  • Gross Income $600
  • Net Operating Income $85,312

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

8,764 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2550.00
  • Zoning: PSR3
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5747006033
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 456.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Appliances: Disposal
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2320.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 8764.00
  • Lot Size Acres: 0.2012

Multi Family

  • Electric Expense: 639.00
  • Fuel Expense: 1309.00
  • Gross Income: 600.00
  • Gross Scheduled Income: 133220.00
  • Insurance Expense: 1999.00
  • Laundry Income: 600.00
  • Lot Size Area: 8764.0000 Square Feet
  • Maintenance Expense: 10987.00
  • Net Operating Income: 85312.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 47908.00
  • Other Expense: 2615.00
  • Rent Control: Yes
  • Total Expenses: 47908.00

Tax Info

  • New Taxes Expense: 24288.00
  • Tax Census Tract: 4634.00
  • Tax Lot: 64
  • Tax Tract Number: .

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Oct 23, 2020
Sold by
Bought by
Seller's Agent
Kevin Lutz
Keller Williams Realty/Pasadena
Buyer's Agent
Razmik Boghossian
JohnHart Real Estate
List Price
$2,300,000
Sold Price
$2,250,000
Premium/Discount to List
-$50,000
-2.17%

Purchase Details

Closed on
Jun 5, 2012
Sold by
Bought by

Purchase Details

Closed on
Jul 14, 2003
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,250,000 Fidelity National Title Co
-- None Available
-- Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $900,000
Previous Owner $640,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/01/2020 12/01/20 Sold $2,250,000 -2.2% $456 / Sq Ft
09/08/2020 09/08/20 For Sale $2,300,000 -- $466 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $28,960 $2,435,470 $974,188 $1,461,282
2024 $27,678 $2,387,717 $955,087 $1,432,630
2023 $27,450 $2,340,900 $936,360 $1,404,540
2022 $26,506 $2,295,000 $918,000 $1,377,000
2021 $25,424 $2,250,000 $900,000 $1,350,000
2020 $11,491 $975,347 $650,020 $325,327
2019 $11,513 $956,230 $637,275 $318,955
2018 $11,608 $937,488 $624,780 $312,708
2016 $11,198 $900,778 $600,520 $300,258
2015 $11,073 $887,248 $591,500 $295,748
2014 $10,878 $869,869 $579,914 $289,955
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20185615

California Regional Multiple Listing Service (CRMLS)
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