NOT LISTED FOR SALE

Estimated Value: $1,197,288

2 Beds
2 Baths
2,800 Sq Ft
$428/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $940,000 $336 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $7,328/month

275 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Pasadena High School Rated A

About This Home

As of June 2021

1066-68 N Allen Ave Pasadena, CA, is a mixed-used property located between Queensbury Rd and Casa Grande Street just North of Orange Grove Ave and the 210 Freeway. The property is comprised of (2) Two (1) One Bedroom and (1) One Bath 650 Sq. Ft. Apartment Units and (2) Two Retail shops approximate 750 Sq. Ft. each. The property has a great traffic count and good street visibility. The Apartment Units are on the backside of the property with their private entrance. Both of the Retail Shops are currently vacant, allowing for an owner-user opportunity. The property does not have on-site parking (only street parking is available). Within walking distance of other retailers, shops, and local restaurants.

Last Agent to Sell the Property

James Antonucci

Keller Williams Realty-Studio City License #01822661 Listed on: 06/22/2020

Keller Williams Realty-Studio City

Last Buyer's Agent

James Antonucci

Keller Williams Realty-Studio City License #01822661 Listed on: 06/22/2020

Keller Williams Realty-Studio City

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 4,407 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 93
  • Tax Tract Number 7703
  • Assessor Parcel Number 5742014022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $592
  • Fuel Expense $592
  • Insurance Expense $1,120
  • Water Sewer Expense $592
  • New Taxes Expense $13,113
  • Operating Expense $18,866
  • Gross Income $61,800
  • Net Operating Income $41,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • CapRate: 4.29
  • Property Attached: Yes
  • Water Sewer Expenses: 592.00
  • Zoning: PSC-
  • Property Type: Residential Income
  • Parcel Number: 5742014022
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 335.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4407.00
  • Lot Size Acres: 0.1012

Multi Family

  • Electric Expense: 592.00
  • Fuel Expense: 592.00
  • Gross Income: 61800.00
  • Gross Scheduled Income: 61800.00
  • Insurance Expense: 1120.00
  • Lot Size Area: 4407.0000 Square Feet
  • Net Operating Income: 41080.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 2
  • Operating Expense: 18866.00
  • Operating Expense Percent: 31.80
  • Rent Control: Yes
  • Total Expenses: 18866.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13113.00
  • Tax Census Tract: 4625.00
  • Tax Lot: 93
  • Tax Tract Number: 7703

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2020
Closed on
Jun 24, 2021
Sold by
Jai Tripathi Daniel
Bought by
Cal-Lawyer
Seller's Agent
James Antonucci
Keller Williams Realty-Studio City
Buyer's Agent
James Antonucci
Keller Williams Realty-Studio City
List Price
$1,099,000
Sold Price
$940,000
Premium/Discount to List
-$159,000
-14.47%
Current Estimated Value
$1,197,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,288
Avg. Annual Appreciation
5.50%
Original Mortgage
$799,000
Outstanding Balance
$721,817
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$475,471

Purchase Details

Closed on
Dec 15, 2008
Sold by
Tatikian Sarkis and Tatikian Elizabeth
Bought by
Tatikian Sarkis and Tatikian Elizabeth
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
Cal-Lawyer -- Lawyers Title
Tatikian Sarkis -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cal-Lawyer $799,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $940,000 -3.6% $336 / Sq Ft
02/15/2021 02/15/21 Price Changed $975,000 -2.0% $348 / Sq Ft
12/11/2020 12/11/20 Price Changed $995,000 -5.1% $355 / Sq Ft
09/08/2020 09/08/20 Price Changed $1,049,000 -4.5% $375 / Sq Ft
06/22/2020 06/22/20 For Sale $1,099,000 -- $393 / 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 $12,654 $1,017,485 $432,972 $584,513
2024 $12,028 $997,535 $424,483 $573,052
2023 $11,923 $977,976 $416,160 $561,816
2022 $11,516 $958,800 $408,000 $550,800
2021 $5,805 $448,688 $287,234 $161,454
2020 $5,598 $444,088 $284,289 $159,799
2019 $5,606 $435,381 $278,715 $156,666
2018 $5,617 $426,845 $273,250 $153,595
2016 $5,401 $410,273 $262,641 $147,632
2015 $5,337 $404,111 $258,696 $145,415
2014 $5,237 $396,196 $253,629 $142,567
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20120944

California Regional Multiple Listing Service (CRMLS)

APN: 5742-014-022