NOT LISTED FOR SALE

101 N Craig Ave Pasadena, CA 91107

Lamanda Park Neighborhood
8 Beds
6 Baths
5,204 Sq Ft
9,007 Sq Ft Lot

Last Sold March 12, 2016

Last sale price $1,600,000 $307 Per Sq Ft

90 Days on Market

Highlights

  • Mountain View
  • Traditional Architecture
  • No HOA
  • Pasadena High School Rated A
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2016

Very attractive two story six units apartment building located in high demand rental area of Pasadena. The property consists of four one bedroom/one bath, one two bedroom/one and a half bath and one two bedroom and one bath unit.Great opportunity for development R3 zoning.The new owner can benefit not only from the great location of the building , but also from the huge upside in rents. No rent control, tenants are on month to month basis.Each unit has large bedroom, full sized living rooms and kitchens.The building has an on site laundry facility with leased equipment.Each unit has its own Gas and electric meter. Six car detached carport, one car parking for each unit. Located close to PCC, CalTech, Gold line and Colorado Blvd. Drive by only.

Last Agent to Sell the Property

Fred Ashkar

Re/Max Premier Prop Arcadia License #00925837 Listed on: 11/18/2015

Re/Max Premier Prop Arcadia

Last Buyer's Agent

Fred Ashkar

Re/Max Premier Prop Arcadia License #00925837 Listed on: 11/18/2015

Re/Max Premier Prop Arcadia

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 9,007 Sq Ft Lot
  • Two or More Common Walls
  • East Facing Home
  • Wood Fence
  • Rectangular Lot
  • Level Lot
  • Front Yard

Home Design

  • Traditional Architecture
  • Property Attached
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Plaster
  • Stucco

Interior Spaces

  • 5,204 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Living Room
  • Storage
  • Mountain Views

Kitchen

  • Gas Range
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 12 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 51
  • Assessor Parcel Number 5746009051

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $1,200
  • Insurance Expense $3,000
  • Trash Expense $1,926
  • Water Sewer Expense $2,700
  • New Taxes Expense $18,568
  • Gross Income $7,000
  • Net Operating Income $54,994

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 3.30
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2700.00
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5746009051
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Storage, Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 307.46
  • Room Type: Living Room
  • Window Features: Screens

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • Exterior Features: Lighting
  • View: Mountain(s)
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Plaster, Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 1926.00
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Front Yard, Level, Rectangular Lot, Lot 6500-9999, Level with Street
  • Lot Size Sq Ft: 9007.00
  • Price Per Lot Square Foot: 177.64
  • Lot Size Acres: 0.2070

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 800
  • Average2 Bed Area: 1000
  • Electric Expense: 360.00
  • Gross Income: 7000.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 9007.0000 Square Feet
  • Net Operating Income: 54994.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 1
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 29006.00
  • Operating Expense Percent: 34.00
  • Rent Control: No
  • Total Actual Rent: 7000.00

Tax Info

  • New Taxes Expense: 18568.00
  • Tax Lot: 51
  • Tax Tract Number: 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 List to Sale Price per Sq Ft
03/12/2016 03/12/16 Sold $1,600,000 -5.2% $307 / Sq Ft
02/16/2016 02/16/16 Pending -- -- --
11/18/2015 11/18/15 For Sale $1,688,000 -- $324 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Fred Ashkar

    Seller's Agent in 2016

    Fred Ashkar

    RE/MAX

    (818) 681-4975

    55 Total Sales

    Fred Ashkar
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15248751

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91107 Lamanda Park

101 N Craig Ave, Pasadena, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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