NOT LISTED FOR SALE

1020 Meridian Ave South Pasadena, CA 91030

Estimated Value: $1,426,959 - $1,861,000

5 Beds
3 Baths
2,214 Sq Ft
$781/Sq Ft Est. Value

Last Sold February 27, 2025

Last sale price $1,850,000 $836 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $9,824/month

18 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 3-minute walk to South Pasadena
  • Laundry Room
  • Arroyo Vista Elementary Rated A+
  • Cooling System Mounted To A Wall/Window
  • 4-minute walk to Orange Grove Park

About This Home

As of February 2025

These 3 Bungalow units are in the heart of South Pasadena consisting of a 3 bedroom, 2 bathroom, den/convertible bedroom, living room home, 1,047 sf (M), and 2 - 1 bedroom, 1 bathroom with living room, patio or gated side yard, measuring 559 sf and 608 sf. Great opportunity to live in one unit and enjoy the income from the other units or keep as a long-term investment. Owned by the same family since 1980, these units still maintain some of the original charm and are ready for a refresh. Each unit comes with its own stove and refrigerator and there is shared laundry enclosure with washer and dryer on the exterior of the front building. A large concrete pad provides space for 6 cars, parked tandem off-street. Landlord pays water, trash, and gardener. Tenants pay gas and electric. Gas and Electric are metered separately. There is additional land that may provide space for ADU (buyer to verify). A block from the Metro Station and just yards from the weekly Farmer's Market, shops, restaurants, and library. Offering South Pasadena schools. Property is on the city's historic list. 1020 Meridian (3bd/2ba + bonus room): To be Delivered Vacant at Close of Escrow. 1020 1/2 Meridian: Tenant Occupied. 1020 1/4 Meridian: Tenant Occupied.

Last Agent to Sell the Property

Sarah Halpin

Markey & Associates License #01405135 Listed on: 01/07/2025

Last Buyer's Agent

Rainbow Yuen

Remax Dream Properties License #02052726

Remax Dream Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,928

Year Built

  • Built in 1901

Lot Details

  • 9,474 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Wood Fence
  • Needs Fence Repair
  • Drip System Landscaping
  • Sprinkler System

Home Design

  • 2,214 Sq Ft Home
  • Triplex
  • Bungalow
  • Major Repairs Completed
  • Fixer Upper
  • Raised Foundation
  • Slab Foundation
  • Composition Roof

Kitchen

  • Free-Standing Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • Parking Available
  • Paved Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9,11
  • Tax Tract Number 480
  • Assessor Parcel Number 5315006021
  • Seller Considering Concessions

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Orange Grove Park

Amenities

  • Laundry Facilities

Recreation

  • Dog Park
  • Bike Trail

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,682
  • Other Expense $670
  • Water Sewer Expense $3,475
  • Operating Expense $7,027
  • Gross Income $41,400
  • Net Operating Income $361

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,928

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Assessments: No
  • Inclusions: 1020 - stove, refrigerator, dishwasher1020 1/4 - stove, refrigerator1020 1/2 - stove, refrigeratorCommon area exterior laundry closet - washer/dryer (shared by all 3 units). All personal property is sold in its ''AS IS'' condition.
  • Park Name: Orange Grove Park
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 3475.00
  • Architectural Style: Bungalow
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5315006021
  • Year Built: 1901
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 835.59
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: West
  • Foundation: Slab, Raised
  • Fence: Yes
  • Fencing: Needs Repair, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 6.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Free-Standing Range
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Community, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks, Dog Park, Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers Drip System
  • Lot Size Sq Ft: 9474.00
  • Lot Size Acres: 0.2175

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 41400.00
  • Gross Scheduled Income: 3450.00
  • Insurance Expense: 1682.00
  • Lot Size Area: 9474.0000 Square Feet
  • Net Operating Income: 361.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 3089.00
  • Other Expense: 670.00
  • Rent Control: Yes
  • Total Expenses: 7027.00

Tax Info

  • Tax Lot: 9,11
  • Tax Tract Number: 480...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2025
Closed on
Feb 18, 2025
Sold by
Nuwer Family Trust and 2017 Cole Family Revocable Living Trust
Bought by
Wu Frank En-Ho and Luu Dinh Thuan
Seller's Agent
Sarah Halpin
Markey & Associates
Buyer's Agent
Rainbow Yuen
Remax Dream Properties
List Price
$1,398,000
Sold Price
$1,850,000
Premium/Discount to List
$452,000
32.33%
Views
82
Current Estimated Value
$1,729,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$120,260
Avg. Annual Appreciation
-15.47%
Original Mortgage
$1,295,000
Outstanding Balance
$1,293,947
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$435,793

Purchase Details

Closed on
Oct 19, 2023
Sold by
Cole William F and Cole Kristy Sue
Bought by
2017 Cole Family Revocable Living Trust and Cole

Purchase Details

Closed on
Jun 28, 2021
Sold by
Nuwer Beverly Ann Jones and Nuwer Beverly Ann
Bought by
Nuwer Marc R and Nuwer Beverly A

Purchase Details

Closed on
Apr 24, 2019
Sold by
Joann Ames Jones Living Trust
Bought by
Jones Nuwer Beverly Ann Jones and Jones Cole Kristy Sue

Purchase Details

Closed on
Dec 5, 2013
Sold by
Jones Jo Ann
Bought by
Jones Jo Ann and Jo Ann Ames Jones Living Trust
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
Wu Frank En-Ho $1,850,000 California Title Company
2017 Cole Family Revocable Living Trust -- None Listed On Document
Cole William F -- None Listed On Document
Nuwer Marc R -- None Available
Jones Nuwer Beverly Ann Jones -- Ticor Title Company
Jones Jo Ann -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Frank En-Ho $1,295,000
Previous Owner Jones Joann $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2025 02/27/25 Sold $1,850,000 0.0% $836 / Sq Ft
01/25/2025 01/25/25 Pending -- -- --
01/16/2025 01/16/25 Off Market $1,850,000 -- --
01/06/2025 01/06/25 For Sale $1,398,000 -- $631 / 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
2024 $2,928 $155,454 $144,444 $11,010
2023 $2,871 $152,407 $141,612 $10,795
2022 $2,812 $149,420 $138,836 $10,584
2021 $2,755 $146,491 $136,114 $10,377
2020 $2,715 $144,990 $134,719 $10,271
2019 $2,674 $142,148 $132,078 $10,070
2018 $2,509 $139,362 $129,489 $9,873
2016 $2,345 $133,952 $124,461 $9,491
2015 $2,309 $131,941 $122,592 $9,349
2014 $2,301 $129,357 $120,191 $9,166
Source: Public Records

Agents Affiliated with this Home

  • Sarah Halpin

    Seller's Agent in 2025

    Sarah Halpin

    Markey & Associates

    (626) 664-1598

    11 in this area

    28 Total Sales

    Sarah Halpin
    Section Image
  • Rainbow Yuen

    Buyer's Agent in 2025

    Rainbow Yuen

    RE/MAX

    (626) 757-3378

    2 in this area

    24 Total Sales

    Rainbow Yuen
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-20278

Pasadena-Foothills Association of REALTORS®

APN: 5315-006-021

California Los Angeles County South Pasadena 91030

1020 Meridian Ave, South Pasadena, CA

This home is located at 1020 Meridian Ave, South Pasadena, CA 91030 since 07 January 2025 and is currently estimated at $1,729,740, approximately $781 per square foot. This property was built in 1901. 1020 Meridian Ave is a home located in Los Angeles County with nearby schools including Arroyo Vista Elementary, South Pasadena Middle School, and South Pasadena 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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