NOT LISTED FOR SALE

Estimated Value: $1,410,000 - $1,538,328

6 Beds
3 Baths
3,100 Sq Ft
$469/Sq Ft Est. Value

Last Sold April 09, 2024

Last sale price $1,550,000 $500 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $8,839/month

27 Days on Market

Highlights

  • Golf Course Community
  • Mountain View
  • Hiking Trails
  • Pasadena High School Rated A
  • No HOA
  • Balcony

About This Home

As of April 2024

Very well maintained 3-unit income property nestled on a very quiet street in northeast Pasadena neighborhood across street from the Rose Parade parking, close to many shops and restaurants on Washington Blvd. and Foothills, close to the hiking trails, water fall at Eaton Canyon and Eaton Canyon Gulf course.
Seller just replaced both building's roof in 2023 and spent $30k + in 2022 to have a major maintenance work done to the foundation. All works have gone through the city permits. All units are in super good condition.

Last Agent to Sell the Property

RAE ZHANG

RE/MAX CHAMPIONS License #02011752 Listed on: 01/10/2024

RE/MAX CHAMPIONS

Last Buyer's Agent

PRIANKA KHAN

KW Executive License #02203861

KW Executive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,708 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 3,100 Sq Ft Home
  • 2-Story Property
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • High Efficiency Heating System
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Additional Features

  • ENERGY STAR Qualified Equipment
  • Balcony

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 15
  • Tax Tract Number 14606
  • Assessor Parcel Number 5751008017
  • $814 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Foothills

Recreation

  • Golf Course Community
  • Hiking Trails

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,100
  • Water Sewer Expense $1,440
  • New Taxes Expense $16,138
  • Operating Expense $19,678
  • Gross Income $81,948
  • Net Operating Income $62,270

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

7,708 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1440.00
  • Zoning: PSR3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5751008017
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 500.00
  • Room Type: Laundry

Exterior Features

  • View: Mountain(s)
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air, High Efficiency, Natural Gas
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Energy Star Qualified Equipment, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Golf, Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7708.00
  • Lot Size Acres: 0.1770

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 81948.00
  • Gross Scheduled Income: 6829.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 7708.0000 Square Feet
  • Net Operating Income: 62270.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Refrigerator: 1
  • Operating Expense: 19678.00
  • Rent Control: Yes
  • Total Actual Rent: 6829.00
  • Total Expenses: 19678.00

Tax Info

  • New Taxes Expense: 16138.00
  • Tax Census Tract: 4625.00
  • Tax Lot: 15
  • Tax Tract Number: 14606
  • TaxOtherAnnualAssessmentAmount: 814.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2024
Closed on
Mar 21, 2024
Sold by
Zhang Li
Bought by
Khan Musarub and Khan Shima
Seller's Agent
RAE ZHANG
RE/MAX CHAMPIONS
Buyer's Agent
PRIANKA KHAN
KW Executive
List Price
$1,550,000
Sold Price
$1,550,000
Views
52
Current Estimated Value
$1,454,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$95,891
Avg. Annual Appreciation
-3.29%
Original Mortgage
$625,000
Outstanding Balance
$612,784
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$841,325

Purchase Details

Listed on
Jan 10, 2024
Closed on
Feb 23, 2024
Sold by
Yang Jie
Bought by
Zhang Li
Seller's Agent
RAE ZHANG
RE/MAX CHAMPIONS
Buyer's Agent
PRIANKA KHAN
KW Executive
List Price
$1,550,000
Sold Price
$1,550,000
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Outstanding Balance
$612,784
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$841,325

Purchase Details

Closed on
Sep 9, 2003
Sold by
Tindle James
Bought by
Prysock Billy E and Continental Investment Company

Purchase Details

Closed on
May 14, 1998
Sold by
Tindle James
Bought by
Tindle James and Hodges Barbara

Purchase Details

Closed on
May 4, 1998
Sold by
Prysock Billy E and Continental Investment Company
Bought by
Hodges Barbara

Purchase Details

Closed on
Sep 20, 1996
Sold by
Trust Jespersen Roger Trs Jespersen Fami
Bought by
Tindle James

Purchase Details

Closed on
Jul 20, 1994
Sold by
Jespersen Roger Leon and Jespersen Loren Roy
Bought by
Jespersen Roger Leon and Jespersen Loren Roy
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
Khan Musarub $1,550,000 Wfg National Title
Zhang Li -- None Listed On Document
Prysock Billy E -- None Available
Tindle James -- --
Hodges Barbara -- --
Tindle James -- --
Jespersen Roger Leon -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khan Musarub $625,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/09/2024 04/09/24 Sold $1,550,000 0.0% $500 / Sq Ft
01/10/2024 01/10/24 For Sale $1,550,000 0.0% $500 / Sq Ft
09/04/2023 09/04/23 Off Market $2,795 -- --
09/02/2023 09/02/23 For Rent $2,795 0.0% --
09/01/2023 09/01/23 Rented $2,795 0.0% --
08/02/2023 08/02/23 Off Market $2,795 -- --
07/27/2023 07/27/23 For Rent $2,750 0.0% --
12/14/2021 12/14/21 Sold $1,355,000 -1.5% $437 / Sq Ft View Prior Sale
12/02/2021 12/02/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $1,375,000 -- $444 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,275 $1,581,000 $714,000 $867,000
2024 $16,275 $1,409,742 $842,724 $567,018
2023 $16,139 $1,382,100 $826,200 $555,900
2022 $15,580 $1,355,000 $810,000 $545,000
2021 $10,375 $900,233 $441,530 $458,703
2020 $9,967 $891,003 $437,003 $454,000
2019 $8,035 $688,249 $433,344 $254,905
2018 $8,176 $674,755 $424,848 $249,907
2016 $7,891 $648,554 $408,351 $240,203
2015 $7,854 $638,813 $402,218 $236,595
2014 $7,657 $626,301 $394,340 $231,961
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24006264

California Regional Multiple Listing Service (CRMLS)

APN: 5751-008-017

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