$1,457,500
SOLD MAR 6, 2025
4 Beds
4 Baths
2,274 Sq Ft
7,808 Sq Ft Lot

Recently Sold

$641 Per Sq Ft

3% Below List Price

15 Days on Market

Highlights

  • Wood Flooring
  • Private Yard
  • Double Pane Windows
  • Pasadena High School Rated A
  • No HOA
  • Side by Side Parking

About This Home

As of March 2025

Welcome to 127-131 N. Greenwood Ave, Pasadena. This beautifully updated triplex combines classic charm with modern upgrades, offering both comfort and exceptional income potential. Situated on a spacious lot with three separate buildings, this property offers privacy, and versatility. The front two units consist of 1-bedroom, 1-bath units with private entrances. Each unit features bright interiors, functional layouts, and updated finishes. The rear building features a generously sized 2-bedroom, 2-bath unit perfect for owner occupancy. This unit consists of a new roof and updated windows, fresh interior paint, a spacious walk-in closet, hardwood floors throughout, a cozy fireplace in the living room, stainless steel kitchen appliances, indoor laundry and a private side yard. Additional property features include new exterior paint and refreshed landscaping, detached 2-car garage with ample storage, additional driveway parking, and an upgraded electrical system. Currently tenant-occupied with strong rental income, the property also offers room for rental growth in a high demand neighborhood. Located minutes from Old Town Pasadena, the Rose Bowl, Caltech, and a wide range of excellent dining, shopping, and entertainment options, don’t miss the opportunity to own this updated, income-generating property in one of Pasadena’s most desirable neighborhoods.

Last Agent to Sell the Property

Cesar Carrillo

Coldwell Banker Realty Brokerage Phone: 626-786-3752 License #01272108 Listed on: 01/07/2025

Coldwell Banker Realty

Co-Listed By

Jim Lek

KO TAI REALTY Brokerage Phone: 626-786-3752 License #00696204

Last Buyer's Agent

Binni Chen

KW Executive License #02236325

KW Executive

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,798

Year Built

  • Built in 1920

Lot Details

  • 7,808 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Side by Side Parking
  • Shared Driveway

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,274 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • French Doors
  • Panel Doors
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Floor Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 25
  • Tax Tract Number 4627
  • Assessor Parcel Number 5746016041
  • $854 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Insurance Expense $1,342
  • Maintenance Expense $2,864
  • Other Expense $12,798
  • Pest Control $475
  • Professional Management Expense $3,462
  • Trash Expense $693
  • Water Sewer Expense $804
  • Operating Expense $24,402
  • Net Operating Income $44,825

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,798

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 498333
  • Professional Management Expense: 3462.00
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 804.00
  • Zoning: PSR1
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 5746016041
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Tile Counters
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Door Features: French Doors, Panel Doors
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 640.94
  • Room Type: Kitchen, Laundry, Living Room, Walk-In Closet
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Shared Driveway, Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Range, Gas Water Heater, Range Hood, Refrigerator
  • Heating Type: Floor Furnace, Forced Air
  • Laundry Features: Individual Room, Inside
  • Pest Control Expense: 475.00
  • Sewer: Public Sewer
  • Trash Expense: 693.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 7808.00
  • Lot Size Acres: 0.1792

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 660 Square Feet
  • Average2 Bed Area: 954 Square Feet
  • Gross Scheduled Income: 69227.00
  • Insurance Expense: 1342.00
  • Lot Size Area: 7808.0000 Square Feet
  • Maintenance Expense: 2864.00
  • Net Operating Income: 44825.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 24402.00
  • Other Expense: 12798.00
  • Other Expense Description: pptytax
  • Rent Control: Yes
  • Total Actual Rent: 3447.26
  • Total Expenses: 24402.00

Tax Info

  • Tax Census Tract: 4627.00
  • Tax Lot: 25
  • Tax Tract Number: 4627
  • TaxOtherAnnualAssessmentAmount: 854.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2025
Closed on
Feb 20, 2025
Sold by
Malachi Investment Llc
Bought by
Ree Chen 2018 Trust and Chen
Seller's Agent
Cesar Carrillo
Coldwell Banker Realty
Buyer's Agent
Binni Chen
KW Executive
List Price
$1,495,000
Sold Price
$1,457,500
Premium/Discount to List
-$37,500
-2.51%
Views
36
Current Estimated Value
$1,463,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,930
Avg. Annual Appreciation
-1.09%
Original Mortgage
$874,500
Outstanding Balance
$870,788
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$579,202

Purchase Details

Closed on
Jun 18, 2014
Sold by
Encarnacion Angelique M
Bought by
Malachi Investment Llc

Purchase Details

Closed on
Apr 18, 2006
Sold by
Smith Justin
Bought by
Encarnacion Angelique M and Encarnacion Smith Angelique

Purchase Details

Closed on
May 23, 2000
Sold by
Encarnacion Smith Angelique
Bought by
Smith Justin and Encarnacion Smith Angelique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.08%

Purchase Details

Closed on
Oct 6, 1998
Sold by
Smith Justin H
Bought by
Encarnacion Smith Angelique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.71%

Purchase Details

Closed on
Aug 29, 1997
Sold by
Jebbia Elizabeth A
Bought by
Jebbia Dennis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
7.65%

Purchase Details

Closed on
Jul 16, 1997
Sold by
Hanks May and Hanks Matthew Ernst
Bought by
Jebbia Dennis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
7.65%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,457,500 None Listed On Document
Grant Deed $925,000 Equity Title Los Angeles
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Orange Coast Title
Grant Deed -- Southland Title Corporation
Grant Deed $245,000 Southland Title Corporation
Interfamily Deed Transfer -- Southland Title Corporation
Grant Deed $155,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $874,500 New Conventional
Previous Owner $200,000 Unknown
Previous Owner $525,000 Unknown
Previous Owner $350,000 Unknown
Previous Owner $80,000 No Value Available
Previous Owner $196,000 No Value Available
Previous Owner $108,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2025 03/06/25 Sold $1,457,500 -2.5% $641 / Sq Ft
01/22/2025 01/22/25 Pending -- -- --
01/07/2025 01/07/25 For Sale $1,495,000 0.0% $657 / Sq Ft
01/25/2019 01/25/19 Rented $1,595 0.0% --
01/23/2019 01/23/19 For Rent $1,595 +6.3% --
07/22/2015 07/22/15 Rented $1,500 0.0% --
07/22/2015 07/22/15 For Rent $1,500 -- --
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 $12,798 $1,111,704 $721,106 $390,598
2024 $12,798 $1,089,907 $706,967 $382,940
2023 $12,690 $1,068,537 $693,105 $375,432
2022 $12,256 $1,047,586 $679,515 $368,071
2021 $11,759 $1,027,046 $666,192 $360,854
2020 $11,295 $1,016,516 $659,362 $357,154
2019 $11,324 $996,585 $646,434 $350,151
2018 $11,474 $977,045 $633,759 $343,286
2016 $11,110 $939,106 $609,150 $329,956
2015 $10,987 $925,000 $600,000 $325,000
2014 $4,119 $313,313 $200,778 $112,535
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25003236

California Regional Multiple Listing Service (CRMLS)

APN: 5746-016-041