NOT LISTED FOR SALE

1104 N Lake Ave Pasadena, CA 91104

Bungalow Heaven Neighborhood

Estimated Value: $1,188,000 - $1,592,000

4 Beds
3 Baths
2,087 Sq Ft
$664/Sq Ft Est. Value

Last Sold January 08, 2015

Last sale price $749,000 $359 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $8,420/month

75 Days on Market

Highlights

  • Main Floor Bedroom
  • Pasadena High School Rated A
  • Ground Level Unit

About This Home

As of January 2015

MAJOR - MAJOR- MAJOR price reduction from $875,000 to $749,000 = $126,000 in saving for a quick sale- cash buyers are preferred. ON THE MARKET FOR THE FIRST TIME IN YEARS. THIS OFFERING IS OF AN APARTMENT BUILDING FOR BUILDING DEVELOPMENT OR KEEP AS IS. THIS IS A RARE DEVELOPMENT OPPORTUNITY IN A PRIME LOCATION ON LAKE AVE. THIS BUILDING IS SITUATED ON A LARGE LOT. DO NOT ENTER PROPERTY OR DISTURB TENANTS WITHOUT LISTING AGENT.

Last Agent to Sell the Property

Joseph Elian

Propelian License #01431260 Listed on: 09/10/2014

Last Buyer's Agent

Charles Le

eXp Realty of California Inc License #01261943

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,560

Year Built

  • Built in 1951

Lot Details

  • 8,618

Parking

  • 8 Open Parking Spaces
  • 8 Car Garage
  • 8 Carport Spaces
  • Assigned Parking

Home Design

  • 2,087 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Additional Features

  • Disposal
  • 8,618 Sq Ft Lot
  • Ground Level Unit

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for electricity, gardener, gas, water
  • Assessor Parcel Number 5740-014-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,560

Year Built

Built in 1951

Lot Details

0

Parking

8

Listing Details

  • Property Type: Residential Income
  • Levels: Ground Level
  • Street Number Display: Yes
  • Alley: No
  • Living Area: 2087
  • Manager Expense: 3060.00
  • Price Per Unit: 218750.00
  • Year Built: 1951
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Number Carpet: 4
  • Number Dishwasher: 4
  • Number Disposal: 4
  • Number Drapes: 4
  • Number Range: 4
  • Number Refrigerator: 0
  • Bedrooms: 4
  • Bedroom Features: Main Floor Bedroom
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 358.89

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Paved: Yes
  • Pool: No
  • View: No

Garage/Parking

  • Carport Spaces: 8
  • Garage Spaces: 8
  • Other Spaces: 8
  • Parking Garage: Assigned
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Sewer: In Street
  • Water Expense: 1776.00

Condo/Co-op/Association

  • Management Company: Self

Fee Information

  • Gas Expense: 960.00
  • Insurance Expense: 2640.00
  • Maintenance Expense: 2100.00
  • Trash Expense: 2640.00

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Value: 113434
  • Assessed Land Value: 289095
  • Assessor Parcel Number: 5740-014-005
  • Geocode Override: No
  • Lot Size Area: 8618

Rental Info

  • Number Leased: 4
  • Total Actual Rent: 51360.00
  • Garage Rental Rate: 100
  • Lease Per Month Year: Month
  • Monthly Gross Income: 4280.00
  • Owner Pays: Electricity, Gardener, Gas, Water
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.00
  • Gross Scheduled Income: 4400.00
  • Number Of Units: 4
  • Number Wall A C: 4
  • Rent Control: 0
  • Total Annual Expense: 950
  • Type Of Units: Traditional
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 9363.00
  • Tax Total: 4200.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2014
Closed on
Jan 5, 2015
Sold by
Power House Four Llc
Bought by
Mora Heriberto
Seller's Agent
Joseph Elian
Propelian
Buyer's Agent
Charles Le
eXp Realty of California Inc
List Price
$875,000
Sold Price
$749,000
Premium/Discount to List
-$126,000
-14.4%
Current Estimated Value
$1,386,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$637,459
Avg. Annual Appreciation
5.64%
Original Mortgage
$357,000
Outstanding Balance
$275,828
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,067,727

Purchase Details

Listed on
Sep 10, 2014
Closed on
Dec 30, 2014
Sold by
Mora Akemi Imafuku
Bought by
Mora Heriberto
Seller's Agent
Joseph Elian
Propelian
Buyer's Agent
Charles Le
eXp Realty of California Inc
List Price
$875,000
Sold Price
$749,000
Premium/Discount to List
-$126,000
-14.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Outstanding Balance
$275,828
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,067,727

Purchase Details

Closed on
Mar 15, 2013
Sold by
Hovdic Frank and 2708 East 14Th Wards Street Tr
Bought by
Power House Four Llc

Purchase Details

Closed on
Mar 6, 2013
Sold by
Andro Paula and Paula Andro Separate Property
Bought by
Hovdic Frank and 2708 East 14Th Wards Street Tr

Purchase Details

Closed on
Sep 28, 2007
Sold by
Andro David and Gene Andro Separate Property T
Bought by
Andro Paula and Paula Andro Separate Property

Purchase Details

Closed on
Jan 26, 2006
Sold by
Andro Paula
Bought by
Andro Paula and Paula Andro Separate Property

Purchase Details

Closed on
Dec 14, 2005
Sold by
Andro Gene
Bought by
Andro Gene and Gene Andro Separate Property T

Purchase Details

Closed on
Apr 23, 2002
Sold by
Andro Gene R and Andro Paula
Bought by
Andro Gene R and Andro Paula

Purchase Details

Closed on
Oct 23, 1998
Sold by
Andro Gene and The Andro Family Revocable Tru
Bought by
Andro Gene R and Andro Paula

Purchase Details

Closed on
Jul 12, 1995
Sold by
Andro Gene and Andro Paula
Bought by
Andro Gene R and Andro Paula

Purchase Details

Closed on
Oct 15, 1993
Sold by
Andro Gene R and Andro Paula
Bought by
Andro Gene and Andro Paula
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
Mora Heriberto $749,000 Title 365
Mora Heriberto -- Title 365
Power House Four Llc -- None Available
Hovdic Frank -- None Available
Andro Paula -- Southland Title Company
Andro Paula -- None Available
Andro Gene -- None Available
Andro Gene -- None Available
Andro Gene R -- --
Andro Gene R -- --
Andro Gene R -- Investors Title Company
Andro Gene R -- --
Andro Gene -- California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mora Heriberto $357,000
Previous Owner Power House Four Llc $150,000
Previous Owner Power House Four Llc $375,000
Previous Owner Andro Paula $100,000
Previous Owner Andro Paula $200,000
Previous Owner Andro David R $74,000
Previous Owner Andro Gene R $264,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2015 01/08/15 Sold $749,000 -14.4% $359 / Sq Ft
11/24/2014 11/24/14 Pending -- -- --
09/10/2014 09/10/14 For Sale $875,000 -- $419 / Sq Ft
Source: The MLS

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 $10,560 $900,176 $539,625 $360,551
2024 $10,560 $882,527 $529,045 $353,482
2023 $10,470 $865,223 $518,672 $346,551
2022 $10,116 $848,258 $508,502 $339,756
2021 $9,708 $831,627 $498,532 $333,095
2019 $9,354 $806,963 $483,747 $323,216
2018 $9,422 $791,141 $474,262 $316,879
2016 $9,117 $760,422 $455,847 $304,575
2015 $7,162 $584,027 $408,819 $175,208
2014 $7,030 $572,587 $400,811 $171,776
Source: Public Records

Agents Affiliated with this Home

  • Joseph Elian

    Seller's Agent in 2015

    Joseph Elian

    Propelian

    (310) 780-4000

    2 Total Sales

    Joseph Elian
    Section Image

  • C

    Buyer's Agent in 2015

    Charles Le

    eXp Realty of California Inc

    Section Image

  • C

    Buyer's Agent in 2015

    Charles H. Le

    RE/MAX

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Map

Source: The MLS

MLS Number: 14-792969

The MLS

APN: 5740-014-005

California Los Angeles County Pasadena 91104 Bungalow Heaven

1104 N Lake Ave, Pasadena, CA

This home is located at 1104 N Lake Ave, Pasadena, CA 91104 since 10 September 2014 and is currently estimated at $1,386,459, approximately $664 per square foot. This property was built in 1951. 1104 N Lake Ave is a home located in Los Angeles County with nearby schools including Longfellow (Henry W.) Elementary School, Charles W. Eliot Arts Magnet Academy, and Pasadena High School.

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