NOT LISTED FOR SALE

Pasadena, CA 91106

Madison Heights Neighborhood

Estimated Value: $1,317,000 - $2,099,000

2 Beds
4 Baths
2,490 Sq Ft
$749/Sq Ft Est. Value

Last Sold December 03, 2012

Last sale price $800,000 $321 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $11,121/month

76 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Midcentury Modern Architecture
  • Built-In Features
  • Blair High School Rated A-
  • Home Office
  • Crown Molding

About This Home

As of December 2012

This property is located in the very sought after area of Madison Heights in Pasadena. Owner can live in the main house which is a 2 bedroom with bounus room and rent the 2 studio apartments above. The formal entry leads to a large livingroom and dining room with hardwood floors and crown moldings. The large kitchen has Tile counter tops and floors w/breakfast area and laundry room. Master BR and second BR both have their own remodeled baths, there is an additional small third room. Nice sized backyard with a patio area and a deck that has access to a storage room behind the garage. Two car detached garage for the main house and 2 single garages for each studio unit. This is a must see property and great for owner user.

Last Agent to Sell the Property

Ralph Suarez

Engel & Völkers La Canada License #01206855 Listed on: 09/17/2012

Last Buyer's Agent

Ralph Suarez

Engel & Völkers La Canada License #01206855 Listed on: 09/17/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,502

Year Built

  • Built in 1947

Lot Details

  • 8,746

Parking

  • 4 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Garage Door Opener
  • Parking Lot

Home Design

  • Midcentury Modern Architecture
  • Traditional Architecture
  • Raised Foundation

Interior Spaces

  • Built-In Features
  • Crown Molding
  • Living Room
  • Home Office
  • Storage

Kitchen

  • Gas Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Rain Gutters
  • 8,746 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5720034005

Community Details

Overview

  • 3 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $21,127
  • Gross Income $25,200
  • Net Operating Income $4,073

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,502

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Architectural Style: Mid Century Modern, Traditional
  • Property Type: Residential Income
  • Parcel Number: 5720034005
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Features, Crown Molding, Storage
  • Appliances: Yes
  • Room Type: All Bedrooms Down, Den, Living Room, Master Bedroom, Office

Exterior Features

  • Foundation: Raised
  • Exterior Features: Rain Gutters

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Garage Door Opener, Parking Space
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooking
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8746.00
  • Lot Size Acres: 0.2000

Multi Family

  • Gross Income: 25200.00
  • Gross Scheduled Income: 25200.00
  • Lot Size Area: 8746.0000 Square Feet
  • Net Operating Income: 4073.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 21127.00
  • Total Actual Rent: 2100.00
  • Total Expenses: 21127.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2021
Sold by
Cheung Edwin and Chan Karrie
Bought by
Cheung Edwin Kwokshun
Current Estimated Value
$1,864,920

Purchase Details

Listed on
Sep 17, 2012
Closed on
Nov 21, 2012
Sold by
Mozillo Properties Llc
Bought by
Cheung Edwin and Chan Karrie
Seller's Agent
Ralph Suarez
Engel & Völkers La Canada
Buyer's Agent
Ralph Suarez
Engel & Völkers La Canada
List Price
$800,000
Sold Price
$800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%
Original Mortgage
$600,000
Outstanding Balance
$416,400
Interest Rate
3.33%
Mortgage Type
New Conventional
Estimated Equity
$1,465,510

Purchase Details

Closed on
Aug 18, 2005
Sold by
Bautista Ramon Marin and The Platinum Marin Trust
Bought by
Mozilo Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$606,630
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2002
Sold by
Bautista Ramon Marin
Bought by
Bautista Ramon Marin and The Platinum Marin Trust

Purchase Details

Closed on
Oct 25, 2001
Sold by
Bautista Ramon Marin and The Platinum Marin Trust
Bought by
Bautista Ramon Marin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.84%

Purchase Details

Closed on
Feb 9, 1998
Sold by
Bautista Ramon Martin and R M Bautista Intervivos Trust
Bought by
Bautista Ramon Marin and Platinum Marin Trust

Purchase Details

Closed on
Oct 3, 1996
Sold by
Suncoast S & L Assn Fa
Bought by
Bautista Ramon Marin and R M Bautista Intevivos Trust I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,150
Interest Rate
8.11%

Purchase Details

Closed on
Jun 26, 1995
Sold by
Walker Lacy and Walker Jacquelyn Martin
Bought by
Suncoast S & L Assn Fsa
Source: Public Records

Range of Values:

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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
Cheung Edwin Kwokshun -- None Available
Cheung Edwin $800,000 Chicago Title Company
Mozilo Properties Llc $1,053,000 --
Bautista Ramon Marin -- --
Bautista Ramon Marin -- Southland Title Corporation
Bautista Ramon Marin -- --
Bautista Ramon Marin $263,000 Guardian Title
Suncoast S & L Assn Fsa $250,000 Northern Counties Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheung Edwin $600,000
Previous Owner Mozilo Properties Llc $606,630
Previous Owner Bautista Ramon Marin $200,000
Previous Owner Bautista Ramon Marin $250,000
Previous Owner Bautista Ramon Marin $197,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2012 12/03/12 Sold $800,000 0.0% $321 / Sq Ft
12/02/2012 12/02/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $800,000 -- $321 / 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 $11,502 $985,134 $738,852 $246,282
2024 $11,502 $965,818 $724,365 $241,453
2023 $11,403 $946,881 $710,162 $236,719
2022 $11,016 $928,316 $696,238 $232,078
2021 $10,569 $910,115 $682,587 $227,528
2020 $10,160 $900,783 $675,588 $225,195
2019 $10,181 $883,122 $662,342 $220,780
2018 $10,330 $865,806 $649,355 $216,451
2016 $9,990 $832,188 $624,141 $208,047
2015 $9,877 $819,688 $614,766 $204,922
2014 $9,690 $803,632 $602,724 $200,908
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Ralph Suarez

    Engel & Völkers La Canada

See All Agents

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22168494

Pasadena-Foothills Association of REALTORS®

APN: 5720-034-005

California Los Angeles County Pasadena 91106

Madison Heights

This home since 17 September 2012 and is currently estimated at $1,864,920, approximately $748 per square foot. This property was built in 1947. This home is a home located in Los Angeles County with nearby schools including McKinley School, Blair High School, and Mayfield Junior 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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