NOT LISTED FOR SALE

1037 Emerson St Pasadena, CA 91106

Northwest Pasadena Neighborhood

Estimated Value: $1,440,000 - $1,751,000

8 Beds
4 Baths
2,976 Sq Ft
$525/Sq Ft Est. Value

Sale Details

Date Sold: January 4, 2024

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

Current estimated payment $10,249 / mo

85 Days on Market

Highlights

  • Auto Driveway Gate
  • Lawn
  • Landscaped
  • Pasadena High School Rated A
  • Laundry closet
  • Security Fence

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

BHHS California Properties License #00874257 Listed on: 09/25/2023

BHHS California Properties

Co-Listed By

Jane Wang

BHHS California Properties License #01500285

Last Buyer's Agent

Milan Lai

Pinnacle Real Estate Group License #01514674

Pinnacle Real Estate Group

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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 closet

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

7,500 Sq Ft Lot

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

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 12, 2023
Sold by
San Gabriel Valley Llc
Bought by
Current Estimated Value
$1,562,552

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
1.81%
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Northwest Pasadena, CA

  • Tracy Macrum Real Estate Agent - COMPASS

    Tracy Macrum

    COMPASS

    (213) 267-3143

    26 Total Sales

    1 in Northwest Pasadena

    $673,000 Price

    Tracy Macrum
     Section Image
  • Katie Manes Real Estate Agent - Keller Williams Realty

    Katie Manes

    Keller Williams Realty

    (626) 779-8568

    24 Total Sales

    1 in Northwest Pasadena

    $1,688,000 Price

    Katie Manes
     Section Image
  • Lori Alvarez Real Estate Agent - REAL ESTATE RESOLVED

    Lori Alvarez

    REAL ESTATE RESOLVED

    (909) 317-3786

    188 Total Sales

    1 in Northwest Pasadena

    $638,000 Price

    Lori Alvarez
     Section Image
  • James Darby Real Estate Agent - USAFC Realty

    James Darby

    USAFC Realty

    (619) 693-1374

    56 Total Sales

    1 in Northwest Pasadena

    $665,000 Price

    James Darby
     Section Image
  • Michael Mucino Real Estate Agent - CAMDEN MCKAY REALTY

    Michael Mucino

    CAMDEN MCKAY REALTY

    (909) 341-1278

    126 Total Sales

    1 in Northwest Pasadena

    $1,363,000 Price

    Michael Mucino
     Section Image
  • Sal Salinas Real Estate Agent - RE/MAX Galaxy

    Sal Salinas

    RE/MAX Galaxy

    (323) 827-7679

    50 Total Sales

    1 in Northwest Pasadena

    $716,600 Price

    Sal Salinas
     Section Image
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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
$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

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
Previous Owner $760,000
Previous Owner Lee Mcmahon M $784,000
Previous Owner Gutierrez Jose Luis $198,750
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 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

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
2026 $19,027 $1,623,024 $728,280 $894,744
2025 $19,027 $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 Real Estate Agent - BHHS California Properties

    Seller's Agent in 2024

    Janice Lee

    BHHS California Properties

    (626) 616-2789

    1 in this area

    86 Total Sales

    Janice Lee
    Section Image

  • JW

    Seller Co-Listing Agent in 2024

    Jane Wang

    BHHS California Properties

    (626) 643-6438

    1 in this area

    25 Total Sales

    Jane Wang
    Section Image

  • ML

    Buyer's Agent in 2024

    Milan Lai

    Pinnacle Real Estate Group

    (626) 285-8333

    1 in this area

    22 Total Sales

    Milan Lai
    Section Image

  • EG

    Seller's Agent in 2018

    EDWARD GARCIA

    ehomes

    (626) 264-2004

    26 Total Sales

    EDWARD GARCIA
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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

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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