$690,000
SOLD APR 10, 2025

1062 Beverly Way Altadena, CA 91001

0.18 Acre
$3,795,380 Price per Acre
7,920 Sq Ft Lot

Recently Sold

$333 Per Sq Ft

1% Below List Price

4 Days on Market

Highlights

  • Mountain View
  • Property is near public transit
  • Private Yard
  • Pasadena High School Rated A
  • Corner Lot
  • No HOA

About This Lot

As of April 2025

Located east of Lake Ave, this desirable corner parcel offers approximately 7,920 SF of land per the LA County Assessor. This lot is situated close to the Altadena Golf Course and Eliot Arts Magnet School at the southwest corner of Beverly Way and Maiden Lane. The dimensions of the lot are approximately 60 feet wide by 132 feet deep. The property is located one block east of Lake Avenue, west of Mar Vista, south of Mariposa, and north of Mendocino. The lot is zoned LCR 175 – low density residential. The prior home was destroyed by the Eaton Fire, it was a 3 bedroom-3 bathroom SFR with 2,074 SF of living space, a California Basement, and two-car detached garage. Prior to the fire the home had a sewer connection, and water, electric, and gas stubbed to the site. Interested buyers are advised to independently investigate potential future uses and parcel remediation processes with the County of Los Angeles and applicable government agencies. For safety purposes, please do not walk on the property, drive-by only. Fairly priced at approximately $88 per SF of land. Property shall be sold "as-is," in its present physical condition, buyer shall be responsible for any and all decontamination applications and procedures.

Last Agent to Sell the Property

Jim Tripodes

COMPASS Brokerage Phone: 626-202-9444 License #01455574 Listed on: 03/16/2025

COMPASS

Co-Listed By

Bonny Hsu

Coldwell Banker Residential Brokerage Brokerage Phone: 626-202-9444 License #01921017

Last Buyer's Agent

Jim Tripodes

COMPASS Brokerage Phone: 626-202-9444 License #01455574 Listed on: 03/16/2025

COMPASS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,748

Lot Details

  • 7,920 Sq Ft Lot
  • Property fronts a county road
  • Corner Lot
  • Rectangular Lot
  • Lot Sloped Down
  • Private Yard
  • Back and Front Yard
  • Density is up to 1 Unit/Acre
  • Value in Land
  • Property is zoned LCR175

Utilities

  • Private Water Source
  • Phone Available
  • Cable TV Available

Additional Features

  • Mountain Views
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 87
  • Tax Tract Number 7832
  • Assessor Parcel Number 5845005018
  • $791 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting
  • Rain Gutters

Property Details

Property Type

Land

Est. Annual Taxes

$12,748

Lot Details

0

Listing Details

  • Current Use: Residential
  • Other Phone Description: 6262029444
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LCR175
  • Property Type: Land
  • Parcel Number: 5845005018
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 87.12

Exterior Features

  • View: Mountain(s)

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Sloped Down, Front Yard, Gentle Sloping, Lot 6500-9999, Rectangular Lot, Near Public Transit, Value In Land, Yard
  • Lot Size: 60 ft wide X 132 ft deep
  • Lot Size Sq Ft: 7920.00
  • Usable Land Percent: 100
  • Lot Size Acres: 0.1818

Multi Family

  • Lot Size Area: 7920.0000 Square Feet

Tax Info

  • Tax Census Tract: 4601.01
  • Tax Lot: 87
  • Tax Tract Number: 7832
  • TaxOtherAnnualAssessmentAmount: 791.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2025
Closed on
Mar 21, 2025
Sold by
Laurin Marie
Bought by
Ocean Development Inc
Seller's Agent
Jim Tripodes
COMPASS
Buyer's Agent
Jim Tripodes
COMPASS
List Price
$699,000
Sold Price
$690,000
Premium/Discount to List
-$9,000
-1.29%
Views
10
Current Estimated Value
$772,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,079
Avg. Annual Appreciation
25.78%
Original Mortgage
$338,000
Outstanding Balance
$336,755
Interest Rate
7.6%
Mortgage Type
Seller Take Back
Estimated Equity
$435,324

Purchase Details

Listed on
Sep 19, 2016
Closed on
Nov 16, 2016
Sold by
Weeks Michael
Bought by
Laurin Marie
Seller's Agent
Ara Keshishian
COMPASS
List Price
$965,000
Sold Price
$965,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.97%

Purchase Details

Closed on
Jan 6, 2011
Sold by
Baugher Norman
Bought by
Weeks Michael and Weeks Lynda

Purchase Details

Closed on
Oct 3, 2005
Sold by
Rebich Eli
Bought by
Baugher Norman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,300
Interest Rate
9.4%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 26, 2002
Sold by
Macdavid Mattie Marie and Mattie Marie Macdavid Trust
Bought by
Rebich Eli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.24%

Purchase Details

Closed on
Dec 10, 2001
Sold by
Macdavid Mattie Marie
Bought by
Macdavid Mattie Marie and The Mattie Marie Macdavid Trust

Purchase Details

Closed on
Mar 30, 2001
Sold by
Macdavid Mattie Marie and Macdavid James
Bought by
Macdavid Mattie Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,500
Interest Rate
7.03%

Purchase Details

Closed on
Oct 7, 1993
Sold by
Macdavid Diane C
Bought by
Macdavid James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.9%
Source: Public Records

Range of Values:

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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

Date Type Sale Price Title Company
Grant Deed $690,000 Lawyers Title
Grant Deed $965,000 Priority Title Company
Grant Deed $700,000 Lawyers Title Company
Grant Deed $336,500 Commonwealth Title
Grant Deed $319,000 First American Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Gift Deed -- --
Quit Claim Deed -- Orange Coast Title
Quit Claim Deed -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $338,000 Seller Take Back
Open $500,000 New Conventional
Previous Owner $336,300 Fannie Mae Freddie Mac
Previous Owner $308,000 No Value Available
Previous Owner $218,500 No Value Available
Previous Owner $200,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/10/2025 04/10/25 Sold $690,000 -1.3% $333 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
03/16/2025 03/16/25 For Sale $699,000 -27.6% $337 / Sq Ft
01/05/2017 01/05/17 Sold $965,000 0.0% $417 / Sq Ft View Prior Sale
01/04/2017 01/04/17 Pending -- -- --
09/19/2016 09/19/16 For Sale $965,000 -- $417 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,748 $509,357 $509,357 --
2024 $12,748 $1,098,000 $768,260 $329,740
2023 $12,638 $1,076,472 $753,197 $323,275
2022 $12,200 $1,055,366 $738,429 $316,937
2021 $11,603 $1,034,673 $723,950 $310,723
2019 $11,166 $1,003,985 $702,478 $301,507
2018 $11,345 $984,300 $688,704 $295,596
2016 $8,954 $757,578 $518,401 $239,177
2015 $8,858 $746,200 $510,615 $235,585
2014 $8,673 $731,584 $500,613 $230,971
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF25057716

California Regional Multiple Listing Service (CRMLS)

APN: 5845-005-018