NOT LISTED FOR SALE
11 Beds
10 Baths
8,295 Sq Ft
13,329 Sq Ft Lot

Sale Details

Date Sold: March 17, 2015

Last sale price $2,232,200 $269 Per Sq Ft

84 Days on Market

About This Home

As of March 2015

The subject property located at 1250 Corson Street in the city of Pasadena, California. It is located south of the 210 Freeway and just a short walk away from popular Colorado Boulevard. This location is located near shopping, restaurants, and entertainment for convenient living. Within walking distance to Pasadena City College, Cal Tech, Gold Line and just a short drive to the 110, 210 and 134 freeways this property is great for students, young professionals and commuters.

The property consists of one building that houses 11 units. The units consist of 10 one-bedroom/one-bathroom and one two-bedroom/two-bathroom units. Sitting on a raised foundation, the units are built with wood framing and a stucco exterior, enclosed with a pitched roof.

Due to the property's location in a strong rental market and potential rental increase, it would make a great addition to any investor's portfolio.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 10/29/2014

Last Buyer's Agent

Michael Cirrito

INVESTORS TRUST REALTY GROUP License #00974116

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 13,330 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 11 Car Garage

Home Design

  • 8,295 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number 5738015075

Community Details

Overview

  • 11 Units

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • Insurance Expense $2,903
  • Maintenance Expense $7,232
  • Other Expense $2,750
  • Professional Management Expense $5,786
  • Trash Expense $5,800
  • New Taxes Expense $31,060
  • Gross Income $12,164
  • Net Operating Income $86,098

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.31 Acres

Parking

11

Listing Details

  • Professional Management Expense: 5786.00
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5738015075
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 269.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 11.00
  • Total Parking Spaces: 11.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 5800.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 13330.00
  • Lot Size Acres: 0.3060

Multi Family

  • Gross Income: 12164.00
  • Gross Scheduled Income: 144648.00
  • Insurance Expense: 2903.00
  • Lot Size Area: 13330.0000 Square Feet
  • Maintenance Expense: 7232.00
  • Net Operating Income: 86098.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Units Total: 11
  • Operating Expense: 55531.00
  • Other Expense: 2750.00
  • Other Expense Description: Reserves
  • Rent Control: No

Tax Info

  • New Taxes Expense: 31060.00
  • Tax Lot: 33
  • Tax Year: 2013
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2015 03/17/15 Sold $2,232,200 -12.5% $269 / Sq Ft
01/21/2015 01/21/15 Pending -- -- --
10/29/2014 10/29/14 For Sale $2,550,000 -- $307 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14231276

California Regional Multiple Listing Service (CRMLS)
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