NOT LISTED FOR SALE
20 Beds
18 Baths
10,840 Sq Ft
0.49 Acre Lot

Sale Details

Date Sold: September 6, 2023

Last sale price $4,500,000 $415 Per Sq Ft

77 Days on Market

About This Home

As of September 2023

This home is located at 1242 N Mentor Ave, Pasadena, CA 91104 since 19 June 2023. This property was built in 1962. 1242 N Mentor 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.

Last Agent to Sell the Property

Tony Azzi

Tony Azzi License #00910513 Listed on: 06/19/2023

Last Buyer's Agent

Tony Azzi

Tony Azzi License #00910513 Listed on: 06/19/2023

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 21,384 Sq Ft Lot

Parking

  • 32 Parking Spaces

Interior Spaces

  • 10,840 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 18 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5740-002-032

Community Details

Overview

  • 2 Buildings
  • 18 Units

Building Details

  • Vacancy Allowance $17,528

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.49 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 10840
  • Lot Acreage: 0.4909
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 20
  • Total Bathrooms: 18.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 442.34

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 32

Lot Info

  • Assessed Improvement Percent: 66.98
  • Assessed Improvement Value: 1480806
  • Assessed Land Percent: 33.02
  • Assessed Land Value: 730160
  • Total Assessed Value: 2210966
  • Assessor Parcel Number: 5740-002-032
  • Lot Size Area: 21384

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.68
  • Number Of Units: 18
  • Type Of Units: Standard
  • Vacancy Allow: 17528
  • Vacancy Allow Percent: 5.00

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

Listed on
Jun 19, 2023
Closed on
Aug 11, 2023
Sold by
Bought by
Seller's Agent
Tony Azzi
Tony Azzi
Buyer's Agent
Tony Azzi
Tony Azzi
List Price
$5,400,000
Sold Price
$4,500,000
Premium/Discount to List
-$900,000
-16.67%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,350,000
Outstanding Balance
$2,275,243
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,134,000
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Interest Rate
6.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$4,500,000 Old Republic Title Company
$1,620,000 Gateway Title
-- Gateway Title Company
-- Chicago Title
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
Open $2,350,000
Previous Owner $1,134,000
Previous Owner $731,250
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
09/06/2023 09/06/23 Sold $4,500,000 -6.2% $415 / Sq Ft
09/04/2023 09/04/23 Pending -- -- --
07/19/2023 07/19/23 Price Changed $4,795,000 -4.0% $442 / Sq Ft
06/30/2023 06/30/23 Price Changed $4,995,000 -7.5% $461 / Sq Ft
06/19/2023 06/19/23 For Sale $5,400,000 -- $498 / Sq Ft
Source: The MLS

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
2025 $55,764 $4,590,000 $1,836,000 $2,754,000
2024 $53,291 $4,500,000 $1,800,000 $2,700,000
2023 $28,965 $2,255,185 $744,763 $1,510,422
2022 $28,021 $2,210,966 $730,160 $1,480,806
2021 $26,896 $2,167,615 $715,844 $1,451,771
2019 $25,947 $2,103,323 $694,612 $1,408,711
2018 $26,138 $2,062,083 $680,993 $1,381,090
2016 $25,225 $1,982,011 $654,550 $1,327,461
2015 $24,937 $1,952,241 $644,719 $1,307,522
2014 $24,534 $1,914,000 $632,090 $1,281,910
Source: Public Records

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Map

Source: The MLS

MLS Number: 23-282603

The MLS
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