NOT LISTED FOR SALE

Estimated Value: $1,500,000 - $1,572,000

1 Bed
1 Bath
2,520 Sq Ft
$611/Sq Ft Est. Value

Last Sold September 24, 2024

Last sale price $1,500,000 $595 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $9,510/month

9 Days on Market

Highlights

  • Laundry Room
  • Pasadena High School Rated A
  • Front Yard

About This Home

As of September 2024

**** All offers are due by 5pm today (April 18th) *****

We are proud to represent this 4-unit apartment building in Pasadena.
The building was constructed in 1953. Its unit mix consists of (4) 1+1 units. With a lot size of 7,795 square feet, the property has a total of 2,520 rentable square feet.
The property is situated in Pasadena, which offers a comfortable blend of urban and suburban amenities. Downtown Pasadena’s clean, sunny sidewalks are lined with opportunities for great dining and shopping. The city also has numerous cultural centers, such as the Huntington Library and Descanso Gardens; it is also home to the Rose Bowl, which is a famous site for both sporting and cultural events.
It is separately metered for gas and electricity.

Last Agent to Sell the Property

Cindy Hill

Equity Union Brokerage Phone: 818-640-4360 License #00885625 Listed on: 04/11/2024

Equity Union

Last Buyer's Agent

Cindy Hill

Equity Union Brokerage Phone: 818-640-4360 License #00885625 Listed on: 04/11/2024

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,772 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 2,520 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 463
  • Assessor Parcel Number 5736023017
  • $1,021 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $4,188
  • Water Sewer Expense $2,232
  • Operating Expense $22,766
  • Gross Income $77,820
  • Net Operating Income $52,719

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2232.00
  • Zoning: PSR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5736023017
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 595.24

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7772.00
  • Lot Size Acres: 0.1784

Multi Family

  • Gross Income: 77820.00
  • Gross Scheduled Income: 77820.00
  • Insurance Expense: 4188.00
  • Lot Size Area: 7772.0000 Square Feet
  • Net Operating Income: 52719.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 22766.00
  • Rent Control: No
  • Total Expenses: 22766.00

Tax Info

  • Tax Census Tract: 4634.00
  • Tax Lot: 30
  • Tax Tract Number: 463...
  • TaxOtherAnnualAssessmentAmount: 1021.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2024
Closed on
Sep 11, 2024
Sold by
Wang Xiao Chun
Bought by
Ke Jian Bing
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,400,000
Sold Price
$1,500,000
Premium/Discount to List
$100,000
7.14%
Views
24
Current Estimated Value
$1,539,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,333
Avg. Annual Appreciation
2.04%
Original Mortgage
$350,000
Outstanding Balance
$345,726
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$1,193,607

Purchase Details

Listed on
Apr 11, 2024
Closed on
Aug 22, 2024
Sold by
Anne V Traylor Living Trust and Traylor Wayne C
Bought by
Ke Jian Bing
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,400,000
Sold Price
$1,500,000
Premium/Discount to List
$100,000
7.14%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$345,726
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$1,193,607

Purchase Details

Closed on
Mar 6, 2018
Sold by
127 So Meredith Llc
Bought by
Traylor Anne V and Anne V Traylor Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$853,500
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2015
Closed on
Jul 9, 2015
Sold by
Sarkisian Anna and Sarkisian Trust
Bought by
127 So Meridith Llc
Seller's Agent
Michael Bell
Sotheby's International Realty, Inc.
Buyer's Agent
Giusy Mele-Brown
COMPASS
List Price
$1,070,000
Sold Price
$1,070,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.56%

Purchase Details

Closed on
Mar 19, 2015
Sold by
Tatsuno Butler Patricia L
Bought by
Tatsuno Butler Patricia L and Tatsuno Revocable L Patricia L

Purchase Details

Closed on
Jan 30, 2015
Sold by
Tatsuno Butler Patricia and Karadashian Brian
Bought by
Tatsuno Butler Patricia and Butler Thomas George

Purchase Details

Closed on
Aug 10, 2010
Sold by
Watson Lillian and Watson Richard Alan
Bought by
Watson Lillian and Watson Richard Alan

Purchase Details

Closed on
Jun 8, 2010
Sold by
Butler Mary
Bought by
Butler Mary and Mary Butler Living Trust

Purchase Details

Closed on
May 14, 2010
Sold by
Sarkisian Ann
Bought by
Sarkisian Ann and Sarkisian Trust

Purchase Details

Closed on
Mar 28, 2001
Sold by
Sarkisian Ann
Bought by
Sarkisian Ann and Sarkisian Trust

Purchase Details

Closed on
Mar 26, 2001
Sold by
Butler Mary
Bought by
Butler Mary and Mary Butler Living Trust

Purchase Details

Closed on
Feb 6, 2001
Sold by
Watson Lillian
Bought by
Watson Lillian and Watson Richard Alan

Purchase Details

Closed on
Sep 19, 2000
Sold by
Meridith Trust Sarkisian Ann Trs Doramjian and Butler Mary
Bought by
Watson Lillian and Butler Mary

Purchase Details

Closed on
Oct 8, 1994
Sold by
Doramjian Rebecca
Bought by
Sarkisian Ann and Butler Mary
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ke Jian Bing -- Lawyers Title
Ke Jian Bing $1,500,000 Lawyers Title
Traylor Anne V $1,350,000 Chicago Title Company
127 So Meridith Llc $1,070,000 Usa National Title Company
Tatsuno Butler Patricia L -- None Available
Tatsuno Butler Patricia -- None Available
Watson Lillian -- None Available
Butler Mary -- None Available
Sarkisian Ann -- None Available
Sarkisian Ann -- --
Butler Mary -- --
Watson Lillian -- --
Watson Lillian -- --
Sarkisian Ann -- --
Doramjian Rebecca -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ke Jian Bing $350,000
Previous Owner Traylor Anne V $853,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2024 09/24/24 Sold $1,500,000 +7.1% $595 / Sq Ft
04/20/2024 04/20/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $1,400,000 +30.8% $556 / Sq Ft
08/12/2015 08/12/15 Sold $1,070,000 0.0% -- View Prior Sale
08/04/2015 08/04/15 Pending -- -- --
06/23/2015 06/23/15 For Sale $1,070,000 -- --
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 $17,526 $1,536,065 $921,640 $614,425
2024 $17,526 $1,505,947 $903,569 $602,378
2023 $17,380 $1,476,419 $885,852 $590,567
2022 $16,783 $1,447,471 $868,483 $578,988
2021 $16,104 $1,419,090 $851,454 $567,636
2019 $15,504 $1,377,420 $826,200 $551,220
2018 $13,135 $1,113,648 $665,856 $447,792
2016 $12,720 $1,070,000 $640,000 $430,000
2015 $1,621 $78,842 $19,762 $59,080
2014 -- $77,298 $19,375 $57,923
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24072525

California Regional Multiple Listing Service (CRMLS)

APN: 5736-023-017