Seller's Agent in 2021
Robert Ip
Coldwell Banker Realty Pasadena
(626) 584-0050
2 in this area
18 Total Sales
1025 N Los Robles Ave Pasadena, CA 91104
Orange Heights Neighborhood
8
Beds
4
Baths
6,560
Sq Ft
10,140
Sq Ft Lot
About This Home
As of April 2021For sale is a unique opportunity for an investor or developer to purchase both an investment
and development property.
DEVELOPMENT OPPORTUNITY
Featuring two parcels with two different assessor parcel numbers, one of the parcels has a 6,560 sf two story structure that is currently leased, and is being used as a permitted group home. The size of that lot with the structure is 10,125sf. The current tenant can stay, or be vacated.
On the adjacent lot, is a vacant piece of land that can be developed into a 3 unit property per the City of Pasadena's current building codes. This lot is 9,500sf.
Combined, the two lots make up 19,625 sf and a total of seven units could be built on the two parcels if developed together.
INVESTMENT OPPORTUNITY
An investor can purchase this property and collect rent from the current in-place tenant. An investor could also choose to add value by vacating the current tenant, renovating the premises, and placing a new higher-paying tenant.
Last Agent to Sell the Property
Coldwell Banker Realty Pasadena License #01876261 Listed on: 12/08/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1921
Lot Details
- 10,140 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- 6,560 Sq Ft Home
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- Parking Available
- Driveway
Additional Features
- Laundry Room
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tax Lot 1,14
- Assessor Parcel Number 5729032016
Community Details
Overview
- 4 Units
- Foothills
Amenities
- Laundry Facilities
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $2,000
- New Taxes Expense $26,875
- Operating Expense $28,875
- Gross Income $120,000
- Net Operating Income $120,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 23, 2025
Sold by
Kp Ventures Llc
Bought by
Habashy Michael F and Kamel Eman S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Outstanding Balance
$1,598,508
Interest Rate
6.34%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 9, 2021
Sold by
Kobeissi Andy
Bought by
Kp Ventures Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 8, 2020
Closed on
Apr 11, 2021
Sold by
Kobeissi Lissa and Kobeissi Andy
Bought by
Kobeissi Andy
Seller's Agent
Robert Ip
Coldwell Banker Realty Pasadena
Buyer's Agent
Mike Kobeissi
Kobeissi Properties
List Price
$2,150,000
Sold Price
$1,940,000
Premium/Discount to List
-$210,000
-9.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$970,000
Interest Rate
3%
Mortgage Type
Construction
Purchase Details
Listed on
Dec 8, 2020
Closed on
Mar 31, 2021
Sold by
Pacific Mortgage Fund Llc
Bought by
Kobeissi Andy
Seller's Agent
Robert Ip
Coldwell Banker Realty Pasadena
Buyer's Agent
Mike Kobeissi
Kobeissi Properties
List Price
$2,150,000
Sold Price
$1,940,000
Premium/Discount to List
-$210,000
-9.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$970,000
Interest Rate
3%
Mortgage Type
Construction
Purchase Details
Closed on
Sep 19, 2012
Sold by
Pacifica First National Inc
Bought by
Pacifica Mortgage Fund Llc
Purchase Details
Closed on
Dec 23, 2010
Sold by
Hazzard Carolee S
Bought by
Pacifica First National Inc
Purchase Details
Closed on
Jan 29, 1996
Sold by
Mesta Leonor
Bought by
Bedoya Leonor R
Purchase Details
Closed on
Jan 27, 1996
Sold by
Bedoya Hernando Jose
Bought by
Bedoya Leonor R
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Habashy Michael F | $2,300,000 | Lawyers Title Company | |
| Kp Ventures Llc | -- | Lawyers Title | |
| Kobeissi Andy | -- | Lawyers Title | |
| Kobeissi Andy | $1,240,000 | Lawyers Title | |
| Pacifica Mortgage Fund Llc | -- | None Available | |
| Pacifica First National Inc | $400,000 | Orange Coast Title | |
| Bedoya Leonor R | -- | Stewart Title | |
| Bedoya Leonor R | -- | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Habashy Michael F | $1,600,000 | |
| Previous Owner | Kp Ventures Llc | $800,000 | |
| Previous Owner | Kobeissi Andy | $970,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/16/2021 04/16/21 | Sold | $1,940,000 | -9.8% | $296 / Sq Ft |
| 12/08/2020 12/08/20 | For Sale | $2,150,000 | -- | $328 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,005 | $1,315,897 | $848,966 | $466,931 |
| 2024 | $19,184 | $1,290,096 | $832,320 | $457,776 |
| 2023 | $19,047 | $1,264,800 | $816,000 | $448,800 |
| 2022 | $18,515 | $1,240,000 | $800,000 | $440,000 |
| 2021 | $12,679 | $728,089 | $409,551 | $318,538 |
| 2020 | $12,342 | $720,624 | $405,352 | $315,272 |
| 2019 | $12,295 | $706,495 | $397,404 | $309,091 |
| 2018 | $12,220 | $692,643 | $389,612 | $303,031 |
| 2016 | $11,730 | $665,749 | $374,484 | $291,265 |
| 2015 | $11,569 | $655,749 | $368,859 | $286,890 |
| 2014 | $11,347 | $642,905 | $361,634 | $281,271 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Ip
-
Mike Kobeissi
Buyer's Agent in 2021
Mike Kobeissi
Kobeissi Properties
(818) 949-7575
1 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR20253588
APN: 5729-032-016
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.
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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