NOT LISTED FOR SALE
3 Beds
2 Baths
6,166 Sq Ft
0.26 Acres

Last Sold November 04, 2022

Last sale price $2,580,000 $418 Per Sq Ft

96 Days on Market

Highlights

  • City Lights View
  • Community Pool
  • Laundry Room
  • Rockdale Elementary School Rated 9+
  • Cooling System Mounted To A Wall/Window
  • 3-minute walk to Lanark Shelby Park

About This Home

As of November 2022

*5 of the 8 Units Have Been Completely Rehabbed To Include: Remodeled Kitchens & Bathrooms, Stainless Steel Appliances, Washer Dryer in each rehabbed unit, Tile/Wood Flooring, New Windows And Counter Tops *Soft-Story Retrofitting Has Recently Been Completed *All Units Have views *2 Unit Have Front and Back Door Entrances *4 Units Have Large Balconies. Subject to City of Los Angeles Rent Control Ordinance. Walk Score Of 72 - Walkable To Trendy Restaurants And Shops Easy Access To Freeways & Shopping Easy Access To Freeways & Shopping Located near Highland Park & South Pasadena and conveniently located just north of Highland Park, West of Pasadena and East of Glendale. Across the street from Figueroa Plaza containing Vons, Starbucks & The Habit Burger Grill to name a few

Last Agent to Sell the Property

Kevin Hurley

Keller Williams Realty/Pasadena License #01237798 Listed on: 07/22/2022

Keller Williams Realty/Pasadena

Co-Listed By

Kevin Lutz

Keller Williams Realty/Pasadena License #00925595

Last Buyer's Agent

Sarkis Aleksanian

COMPASS License #01214017

COMPASS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls

Parking

  • 8 Car Garage
  • Parking Available

Property Views

  • City Lights
  • Mountain
  • Neighborhood

Home Design

  • 6,166 Sq Ft Home
  • Property Attached
  • Shingle Roof
  • Composition Roof
  • Pre-Cast Concrete Construction
  • Stucco

Kitchen

  • Free-Standing Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 5481012017
  • $1,674 per year additional tax assessments

Community Details

Overview

  • 8 Units

Recreation

  • Community Pool

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Gross Income $180,535
  • Net Operating Income $116,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1959 | Remodeled

Lot Details

0

Parking

8

Listing Details

  • Assessments: No
  • CapRate: 4.31
  • Price Per Unit: 337500
  • Property Attached: Yes
  • View: Yes
  • Zoning: LAR1
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5481012017
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 418.42
  • Room Type: Kitchen

Exterior Features

  • View: City Lights, Mountain(s), Neighborhood
  • Pool Features: Community
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Concrete, Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Appliances: Free-Standing Range, Microwave, Refrigerator
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11343.00
  • Lot Size Acres: 0.2604

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Gross Income: 180535.00
  • Gross Multiplier: 11.03
  • Gross Operating Income: 173551.00
  • Gross Scheduled Income: 180535.00
  • Lot Size Area: 11343.0000 Square Feet
  • Net Operating Income: 116400.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 64134.00
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 1815.00
  • Tax Lot: 37
  • TaxOtherAnnualAssessmentAmount: 1674.00

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
11/04/2022 11/04/22 Sold $2,580,000 -4.4% $418 / Sq Ft
10/26/2022 10/26/22 Pending -- -- --
09/12/2022 09/12/22 Price Changed $2,700,000 -6.9% $438 / Sq Ft
07/22/2022 07/22/22 For Sale $2,900,000 +61.1% $470 / Sq Ft
03/15/2018 03/15/18 Sold $1,800,000 -10.0% $292 / Sq Ft
01/10/2018 01/10/18 Price Changed $1,999,000 0.0% $324 / Sq Ft
01/10/2018 01/10/18 Price Changed $1,999,999 -10.1% $324 / Sq Ft
12/20/2017 12/20/17 For Sale $2,225,000 -- $361 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22162187

California Regional Multiple Listing Service (CRMLS)