NOT LISTED FOR SALE

1016 N El Molino Ave Pasadena, CA 91104

Orange Heights Neighborhood

Estimated Value: $1,126,000 - $1,466,000

5 Beds
4 Baths
1,916 Sq Ft
$700/Sq Ft Est. Value

Last Sold August 09, 2017

Last sale price $839,000 $438 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $8,374/month

46 Days on Market

Highlights

  • Craftsman Architecture
  • Mountain View
  • Living Room
  • John Muir High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of August 2017

Located in the Washington Square Landmark District, this 3 unit property has tons of upside potential. The front house is a handsome bungalow with 3 BR/1.5 BA, charming front porch and has a 1 car garage with tons of storage. Attached to the garage is unit #1 which is a cute 1 BR/1 BA apartment. Unit #2 is a small cottage with 1 BR/1 BA as well. None of the units share common walls with the living space of another unit. There is a new 1 1/4' copper main line to the property and the front house has been re-piped and is all copper. Each unit has it's own yard and their own assigned parking spaces. All rents are under market value at present and could be increased. Two of the current leases go month to month after Aug. and one in Oct. With some TLC the sky is the limit on this one.

Last Agent to Sell the Property

Tony Dowdy

Coldwell Banker Realty License #01347010 Listed on: 06/11/2017

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,830

Year Built

  • Built in 1921

Lot Details

  • 7,772 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Landscaped
  • Back and Front Yard

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door
  • Parking Lot
  • Assigned Parking

Home Design

  • Craftsman Architecture
  • Bungalow
  • Raised Foundation
  • Wood Siding
  • Partial Copper Plumbing

Interior Spaces

  • 1-Story Property
  • Drapes & Rods
  • Blinds
  • Living Room
  • Carpet
  • Mountain Views

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Shed
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Assessor Parcel Number 5730023007

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $2,100
  • Operating Expense $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,830

Year Built

Built in 1921

Lot Details

0

Parking

1

Listing Details

  • Inclusions: stove, refrigerator in units 1 and 2, not in the main house
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable - 1007242
  • View: Yes
  • Water Sewer Expenses: 2100.00
  • Zoning: PSR6
  • Architectural Style: Bungalow, Craftsman
  • Property Type: Residential Income
  • Parcel Number: 5730023007
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Partial
  • Stories: 1
  • Entry Location: Ground Level - No Steps, Ground Level With Steps,
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Room Type: Living Room
  • Window Features: Blinds, Drapes

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • Other Structures: Shed(s)
  • Exterior Features: Rain Gutters
  • View: Mountain(s)
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Garage - Single Door, Parking Space
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Outside, Washer Included
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped
  • Lot Size Sq Ft: 7772.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 475 Square Feet
  • Average3 Bed Area: 1000 Square Feet
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7772.0000 Square Feet
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Patio: 3
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Total Expenses: 12000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2023
Sold by
Lwin Lawrence
Bought by
Lwin Legacy Trust
Current Estimated Value
$1,340,730

Purchase Details

Listed on
Jun 11, 2017
Closed on
Jul 31, 2017
Sold by
Hatch Linda
Bought by
Hatch James Robert
Seller's Agent
Tony Dowdy
Coldwell Banker Realty
List Price
$888,000
Sold Price
$839,000
Premium/Discount to List
-$49,000
-5.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.86%
Original Mortgage
$629,250
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2017
Closed on
Jul 6, 2017
Sold by
Hatch James Robert and Valenzuela Sharon A
Bought by
Ward Jeffrey J and Lwin Lawrence
Seller's Agent
Tony Dowdy
Coldwell Banker Realty
List Price
$888,000
Sold Price
$839,000
Premium/Discount to List
-$49,000
-5.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,250
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2017
Sold by
Valenzuela Sharon A and Hatch James Robert
Bought by
Hatch James Robert and Valenzuela Sharon A

Purchase Details

Closed on
Apr 18, 2002
Sold by
Rittenhouse Ralph G and The Ralph G Rittenhouse Trust
Bought by
Rittenhouse Ralph G and Rittenhouse Ruth Ann
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lwin Legacy Trust -- --
Hatch James Robert -- North American Title Company
Valenzuela Sharon A -- North American Title Company
Ward Jeffrey J $839,000 North American Title Company
Hatch James Robert -- None Available
Rittenhouse Ralph G -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ward Jeffrey J $629,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2017 08/09/17 Sold $839,000 -5.5% $438 / Sq Ft
07/27/2017 07/27/17 Pending -- -- --
06/11/2017 06/11/17 For Sale $888,000 -- $463 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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 $12,830 $1,118,243 $727,070 $391,173
2024 $12,830 $1,096,317 $712,814 $383,503
2023 $12,722 $1,074,822 $698,838 $375,984
2022 $12,285 $1,053,748 $685,136 $368,612
2021 $11,789 $1,033,087 $671,702 $361,385
2020 $11,323 $1,022,495 $664,815 $357,680
2019 $9,808 $855,780 $561,000 $294,780
2018 $9,926 $839,000 $550,000 $289,000
2016 $1,205 $55,480 $11,366 $44,114
2015 $1,190 $54,648 $11,196 $43,452
2014 $1,195 $53,578 $10,977 $42,601
Source: Public Records

Agents Affiliated with this Home

  • Tony Dowdy

    Seller's Agent in 2017

    Tony Dowdy

    Coldwell Banker Realty

    (323) 804-3542

    78 Total Sales

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-817000144

Pasadena-Foothills Association of REALTORS®

APN: 5730-023-007

California Los Angeles County Pasadena 91104 Orange Heights

1016 N El Molino Ave, Pasadena, CA

This home is located at 1016 N El Molino Ave, Pasadena, CA 91104 since 11 June 2017 and is currently estimated at $1,340,730, approximately $699 per square foot. This property was built in 1921. 1016 N El Molino Ave is a home located in Los Angeles County with nearby schools including Longfellow (Henry W.) Elementary School, Charles W. Eliot Arts Magnet Academy, and John Muir High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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