NOT LISTED FOR SALE

1037 Emerson St Pasadena, CA 91106

Northwest Pasadena Neighborhood

Estimated Value: $1,525,000 - $1,816,000

8 Beds
4 Baths
2,976 Sq Ft
$554/Sq Ft Est. Value

Last Sold January 04, 2024

Last sale price $1,560,000 $524 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $10,069/month

85 Days on Market

Highlights

  • Auto Driveway Gate
  • Lawn
  • Laundry Room
  • Pasadena High School Rated A
  • Cooling System Mounted To A Wall/Window
  • Landscaped

About This Home

As of January 2024

Exceptional ''pride of ownership'' investment opportunity in a quiet neighborhood of Pasadena. This secured fourplex has been meticulously maintained and updated in the past 5 years, by the current owner with professional exterior paint, newer roof, newer cement walkway, driveway & motor court, professional landscaping, community laundry closet, and automatic driveway gate. Each unit features 3 wall AC units, and a vivid colored front door welcoming one to the bright and cozy living room. There are 2 generously sized bedrooms featuring ample closet spaces, a full bath adorned with modern vanity unit and fixtures. A functional, modern kitchen with sleek European-style cabinets, quartz countertop, stove & oven, and a convenient in-kitchen dining area. Other noteworthy updates include all newer interior lighting fixtures, newer windows & doors, newer interior paint, vinyl wood plank flooring throughout, plus detached 1-car garage. The 2 upstairs units also have customized area rugs. Located in close proximity to shopping, transportation, schools, and the Gold Line. Don't miss this extraordinary investment opportunity in the real estate market of Pasadena!

Last Agent to Sell the Property

Janice Lee

Berkshire Hathaway Home Servic License #00874257 Listed on: 09/25/2023

Berkshire Hathaway Home Servic

Co-Listed By

Jane Wang

Berkshire Hathaway Home Servic License #01500285

Last Buyer's Agent

Milan Lai

Pinnacle Real Estate Group License #01514674

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 7,500 Sq Ft Lot
  • 1 Common Wall
  • Security Fence
  • Block Wall Fence
  • Chain Link Fence
  • Landscaped
  • Lawn

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door
  • Auto Driveway Gate

Home Design

  • Quadruplex

Interior Spaces

  • 2,976 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Gas Range
  • Range Hood

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Private Water Source
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 5732011025

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,300
  • Insurance Expense $3,182
  • Other Expense $3,148
  • Operating Expense $7,630
  • Gross Income $100,200
  • Net Operating Income $84,940

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1972 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Automatic Gate
  • View: No
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1300.00
  • Parcel Number: 5732011025
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 490.59

Exterior Features

  • Fence: Yes
  • Fencing: Block, Security, Chain Link
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Auto Driveway Gate, Gated
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Range Hood, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Community, In Closet
  • Sewer: Public Sewer
  • Water Source: Private
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Lawn, Landscaped
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Multi Family

  • Gross Income: 100200.00
  • Gross Scheduled Income: 100200.00
  • Insurance Expense: 3182.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 84940.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 15260.00
  • Other Expense: 3148.00
  • Other Expense Description: Water, Trash, Exterior Electricity
  • Rent Control: Yes
  • Total Expenses: 7630.00

Tax Info

  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2023
Sold by
San Gabriel Valley Llc
Bought by
Ng Yuen Hung
Current Estimated Value
$1,647,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
7.29%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2018
Closed on
Aug 8, 2018
Sold by
San Gabriel Valley Llc
Bought by
Mcmahon M Brian and Lee Mcmahon Janice
Seller's Agent
EDWARD GARCIA
eHomes
Buyer's Agent
Janice Lee
Berkshire Hathaway HomeServices California Properties
List Price
$1,350,000
Sold Price
$1,351,013
Premium/Discount to List
$1,013
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.73%
Original Mortgage
$784,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2018
Closed on
Jun 28, 2018
Sold by
Gutierrez Richard
Bought by
Gutierrez Jose Luis and Gutierrez Martha
Seller's Agent
EDWARD GARCIA
eHomes
Buyer's Agent
Janice Lee
Berkshire Hathaway HomeServices California Properties
List Price
$1,350,000
Sold Price
$1,351,013
Premium/Discount to List
$1,013
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$784,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2018
Closed on
Jun 26, 2018
Sold by
Mcmahon M Brian and Lee Mcmahon Janice
Bought by
San Gabriel Valley Llc
Seller's Agent
EDWARD GARCIA
eHomes
Buyer's Agent
Janice Lee
Berkshire Hathaway HomeServices California Properties
List Price
$1,350,000
Sold Price
$1,351,013
Premium/Discount to List
$1,013
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$784,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2007
Sold by
Gutierrez Jose Luis and Gutierrez Martha
Bought by
Gutierrez Jose Luis

Purchase Details

Closed on
Dec 27, 1994
Sold by
Jebbia Dennis A
Bought by
Gutierrez Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
9.03%

Purchase Details

Closed on
Aug 22, 1994
Sold by
Jebbia Elizabeth A
Bought by
Jebbia Dennis A

Purchase Details

Closed on
Jun 21, 1994
Sold by
Great Western Bank Fsb
Bought by
Jebbia Dennis A

Purchase Details

Closed on
Dec 8, 1993
Sold by
California Reconveyance Company
Bought by
Great Western Bank

Purchase Details

Closed on
Dec 9, 1992
Sold by
Kakish Shahnaz
Bought by
Great Pacific Industries and M K R Enterprises
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ng Yuen Hung $1,560,000 California Title Company
Mcmahon M Brian -- Accommodation
San Gabriel Valley Llc -- Accommodation
Gutierrez Jose Luis -- Orange Coast Title Company
San Gabriel Valley Llc -- Accommodation
Lee Mcmahon M $1,351,500 Orange Coast Title
Gutierrez Jose Luis -- None Available
Gutierrez Jose Luis $275,000 Chicago Title Insurance Co
Jebbia Dennis A -- Chicago Title
Jebbia Dennis A $155,000 Chicago Title Insurance Co
Great Western Bank $175,000 Chicago Title Company
Great Pacific Industries -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ng Yuen Hung $760,000
Previous Owner Lee Mcmahon M $784,000
Previous Owner Gutierrez Jose Luis $198,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/04/2024 01/04/24 Sold $1,560,000 +6.8% $524 / Sq Ft
12/18/2023 12/18/23 Pending -- -- --
09/24/2023 09/24/23 For Sale $1,460,000 +8.1% $491 / Sq Ft
08/09/2018 08/09/18 Sold $1,351,013 +0.1% $543 / Sq Ft View Prior Sale
06/04/2018 06/04/18 For Sale $1,350,000 -- $543 / 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 $17,231 $1,591,200 $714,000 $877,200
2024 $17,231 $1,477,527 $960,393 $517,134
2023 $17,054 $1,448,557 $941,562 $506,995
2022 $16,469 $1,420,154 $923,100 $497,054
2021 $15,802 $1,392,308 $905,000 $487,308
2020 $15,175 $1,378,033 $895,721 $482,312
2019 $15,214 $1,351,013 $878,158 $472,855
2018 $5,297 $405,944 $258,332 $147,612
2016 $5,098 $390,182 $248,301 $141,881
2015 $5,040 $384,322 $244,572 $139,750
2014 $4,964 $376,795 $239,782 $137,013
Source: Public Records

Agents Affiliated with this Home

  • Janice Lee

    Seller's Agent in 2024

    Janice Lee

    Berkshire Hathaway Home Servic

    (626) 616-2789

    1 in this area

    94 Total Sales

    Janice Lee
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    Jane Wang

    Berkshire Hathaway Home Servic

    (626) 643-6438

    1 in this area

    28 Total Sales

    Jane Wang
    Section Image

  • M

    Buyer's Agent in 2024

    Milan Lai

    Pinnacle Real Estate Group

    (626) 285-8333

    1 in this area

    18 Total Sales

    Milan Lai
    Section Image

  • E

    Seller's Agent in 2018

    EDWARD GARCIA

    eHomes

    (626) 264-2004

    28 Total Sales

    EDWARD GARCIA
    Section Image
See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-15185

Pasadena-Foothills Association of REALTORS®

APN: 5732-011-025

California Los Angeles County Pasadena 91106 Northwest Pasadena

1037 Emerson St, Pasadena, CA

Not Listed for Sale

MultiFamily

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