NOT LISTED FOR SALE

1025 N Los Robles Ave Pasadena, CA 91104

Orange Heights Neighborhood

Estimated Value: $2,279,002

8 Beds
4 Baths
6,560 Sq Ft
$347/Sq Ft Est. Value

Sale Details

Date Sold: April 16, 2021

Last sale price $1,940,000 $296 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $13,965 / mo

79 Days on Market

About This Home

As of April 2021

For 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

Robert Ip

Coldwell Banker Realty Pasadena License #01876261 Listed on: 12/08/2020

Coldwell Banker Realty Pasadena

Last Buyer's Agent

Mike Kobeissi

Kobeissi Properties License #02010688

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

10,140 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Zoning: PSC-
  • Property Type: Residential Income
  • Parcel Number: 5729032016
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 295.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, 6-10 Units/Acre
  • Lot Size Sq Ft: 10140.00
  • Lot Size Acres: 0.2328

Multi Family

  • Gross Income: 120000.00
  • Gross Scheduled Income: 120000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 10140.0000 Square Feet
  • Net Operating Income: 120000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Expenses: 28875.00

Tax Info

  • New Taxes Expense: 26875.00
  • Tax Census Tract: 4620.01
  • Tax Lot: 1,14
  • Tax Tract Number: S

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2025
Sold by
Bought by
Current Estimated Value
$2,279,002

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
$1,595,500
Interest Rate
6.34%
Mortgage Type
Seller Take Back
Estimated Equity
$683,502

Purchase Details

Closed on
Jul 9, 2021
Sold by
Bought by

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
Bought by
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.
Avg. Annual Appreciation
3.20%
Original Mortgage
$970,000
Interest Rate
3%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 8, 2020
Closed on
Mar 31, 2021
Sold by
Bought by
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
Bought by

Purchase Details

Closed on
Dec 23, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 29, 1996
Sold by
Bought by

Purchase Details

Closed on
Jan 27, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,300,000 Lawyers Title Company
-- Lawyers Title
-- Lawyers Title
$1,240,000 Lawyers Title
-- None Available
$400,000 Orange Coast Title
-- Stewart Title
-- Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,600,000
Previous Owner $800,000
Previous Owner $970,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    Seller's Agent in 2021

    Robert Ip

    Coldwell Banker Realty Pasadena

    (626) 584-0050

    1 in this area

    17 Total Sales

    Robert Ip
    Section Image
  • Mike Kobeissi

    Buyer's Agent in 2021

    Mike Kobeissi

    Kobeissi Properties

    (818) 949-7575

    10 Total Sales

    Mike Kobeissi
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20253588

California Regional Multiple Listing Service (CRMLS)

APN: 5729-032-016

California Los Angeles County Pasadena 91104 Orange Heights

1025 N Los Robles Ave, Pasadena, CA

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.

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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