NOT LISTED FOR SALE

Estimated Value: $1,958,000 - $2,122,000

11 Beds
8 Baths
5,780 Sq Ft
$349/Sq Ft Est. Value

Last Sold January 11, 2024

Last sale price $1,900,000 $329 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $12,569/month

133 Days on Market

Highlights

  • No Units Above
  • 0.45 Acre Lot
  • Property is near public transit
  • John Muir High School Rated A-
  • Fireplace in Primary Bedroom
  • Victorian Architecture

About This Home

As of January 2024

One of a kind triplex in the Garfield Heights Historic district with a total of 11 bedrooms, 8 bathrooms, 3 two car garages on nearly 1/2 acre of property with expansion potential! The main home is Victorian beauty, 5+3 built in 1890, updated and well maintained, approximately 2559 square feet with all the charming features you would expect, including a large front porch ,living room with fireplace, formal dining, remodeled kitchen, downstairs den/office with front porch access and 5 bedrooms! Attached to the back of the property are two townhomes, one with 3 bedrooms, two baths, approximately 1570 square feet, and the other with 3 bedrooms, 2.5 baths, approximately 1651 square feet. The townhomes are two story, with private entrances. All of the properties have fireplaces, individual heating and air conditioning, and separate tankless water heaters. All units have been updated kitchens with granite countertops, stainless steel appliances, updated bathrooms, flooring and more. Each home has an individual two car garage, sitting on an expansive usable 19000+ square foot lot. Each unit has it 's own address. The Garfield Heights Historic district is a highly coveted area, close to all the things that makes Pasadena one of the most desirable areas to live, including the Rose Bowl, Old Town Pasadena, JPL and Caltech where rentals are in high demand. This property offers an amazing investment opportunity and a unique opportunity to live in one and have investment property at the same time! This sprawling property has charm and character, mature landscaping, and plenty of parking. This is like no other property on the market today!

Last Agent to Sell the Property

Amy Gandel

Pinnacle Estate Properties License #00873687 Listed on: 08/10/2023

Pinnacle Estate Properties

Last Buyer's Agent

Jayne Parsons

Keller Williams Realty License #00874915

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,996

Year Built

  • Built in 1890 | Remodeled

Lot Details

  • 0.45 Acre Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Level Lot
  • Sprinklers on Timer
  • Private Yard
  • Lawn
  • Back Yard

Parking

  • 6 Car Garage
  • Parking Available
  • Three Garage Doors
  • Garage Door Opener
  • RV Potential

Home Design

  • Triplex
  • Victorian Architecture

Interior Spaces

  • 5,780 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Laundry Room

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 11 Bedrooms
  • Fireplace in Primary Bedroom
  • 8 Bathrooms

Additional Features

  • Rain Gutters
  • Property is near public transit
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 66 / R
  • Tax Tract Number 24
  • Assessor Parcel Number 5729025010
  • $1,412 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $714
  • Gardener Expense $3,960
  • Insurance Expense $4,060
  • Maintenance Expense $10,000
  • Professional Management Expense $6,687
  • Trash Expense $1,596
  • Water Sewer Expense $4,200
  • Operating Expense $31,217
  • Gross Income $139,080
  • Net Operating Income $3,697

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,996

Year Built

Built in 1890 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 666666
  • Professional Management Expense: 6687.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Garfield Heights Historic District
  • View: No
  • Water Sewer Expenses: 4200.00
  • Zoning: PSR6
  • Architectural Style: Victorian
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 3960.00
  • Parcel Number: 5729025010
  • Year Built: 1890
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Recessed Lighting
  • Stories: 2
  • Entry Location: front
  • Common Walls: 2+ Common Walls, End Unit, No One Above, No One Below
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Dining Room, Living Room, Primary Bedroom
  • Levels: Two
  • Price Per Square Foot: 328.72
  • Room Type: Kitchen, Laundry

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Paved, Garage, Garage - Three Door, Garage Door Opener, RV Potential
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Microwave
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1596.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Near Public Transit, Sprinkler System, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 19793.00
  • Lot Size Acres: 0.4544

Multi Family

  • Electric Expense: 714.00
  • Gross Income: 139080.00
  • Gross Scheduled Income: 11590.00
  • Insurance Expense: 4060.00
  • Lot Size Area: 19793.0000 Square Feet
  • Maintenance Expense: 10000.00
  • Net Operating Income: 3697.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 4142.00
  • Other Income Description: includes 3795 for vacant unit
  • Rent Control: Yes
  • Total Actual Rent: 139080.00
  • Total Expenses: 31217.00
  • Vacancy Allowance: 3795

Tax Info

  • Tax Block: R
  • Tax Census Tract: 4620.01
  • Tax Lot: 66
  • Tax Tract Number: 24
  • TaxOtherAnnualAssessmentAmount: 1412.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Dec 26, 2023
Sold by
Don J Speth Trust
Bought by
Romero Alex and Romero Jessica
Seller's Agent
Amy Gandel
Pinnacle Estate Properties
Buyer's Agent
Jayne Parsons
Keller Williams Realty
List Price
$2,395,000
Sold Price
$1,900,000
Premium/Discount to List
-$495,000
-20.67%
Views
161
Current Estimated Value
$1,985,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,667
Avg. Annual Appreciation
3.90%
Original Mortgage
$2,532,500
Interest Rate
7.22%
Mortgage Type
Construction

Purchase Details

Listed on
May 9, 2018
Closed on
Jun 8, 2018
Sold by
Speth Donald J
Bought by
Speth Donald J and The Don J Speth Trust
Seller's Agent
Eddie Estrada
Listing Los Angeles
Buyer's Agent
Karl Kaiser
List Price
$1,595,000
Sold Price
$1,600,000
Premium/Discount to List
$5,000
0.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.12%
Original Mortgage
$800,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 9, 2018
Closed on
Jun 1, 2018
Sold by
Albuerne Oscar
Bought by
Speth Donald J and The Don J Speth Trust
Seller's Agent
Eddie Estrada
Listing Los Angeles
Buyer's Agent
Karl Kaiser
List Price
$1,595,000
Sold Price
$1,600,000
Premium/Discount to List
$5,000
0.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2017
Sold by
Brown Berlinda J
Bought by
Albuerne Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$908,000
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2009
Sold by
Brown Vernon B and Brown Berlinda J
Bought by
Brown Vernon B and Brown Berlinda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,300
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2008
Sold by
Brown Vernon B and Brown Berlinda J
Bought by
Brown Vernon B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2005
Sold by
Brown Vernon and Brown Berlinda
Bought by
Brown Vernon B
Source: Public Records

Range of Values:

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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
Romero Alex $1,900,000 Priority Title
Speth Donald J -- First American Title Company
Speth Donald J $1,600,000 First American Title Company
Albuerne Oscar $1,397,000 Fatcola
Brown Vernon B -- None Available
Brown Vernon B -- Fidelity National Title
Brown Vernon B -- Accommodation
Brown Vernon B -- Fidelity National Title
Brown Vernon B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero Alex $1,500,000
Closed Romero Alex $2,532,500
Previous Owner Speth Donald J $765,000
Previous Owner Speth Donald J $800,000
Previous Owner Albuerne Oscar $908,000
Previous Owner Brown Vernon B $598,000
Previous Owner Brown Vernon B $649,000
Previous Owner Brown Vernon B $645,300
Previous Owner Brown Vernon B $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2024 01/11/24 Sold $1,900,000 -5.0% $329 / Sq Ft
10/27/2023 10/27/23 Price Changed $1,999,999 -6.9% $346 / Sq Ft
09/24/2023 09/24/23 Price Changed $2,149,000 -6.4% $372 / Sq Ft
09/11/2023 09/11/23 Price Changed $2,295,000 -4.2% $397 / Sq Ft
08/10/2023 08/10/23 For Sale $2,395,000 +49.7% $414 / Sq Ft
06/12/2018 06/12/18 Sold $1,600,000 +0.3% $277 / Sq Ft
05/09/2018 05/09/18 For Sale $1,595,000 -- $276 / Sq Ft
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 $20,996 $1,938,000 $1,356,600 $581,400
2024 $20,996 $1,784,826 $1,249,379 $535,447
2023 $20,820 $1,749,831 $1,224,882 $524,949
2022 $20,107 $1,715,521 $1,200,865 $514,656
2021 $19,275 $1,681,884 $1,177,319 $504,565
2019 $18,564 $1,632,000 $1,142,400 $489,600
2018 $16,542 $1,397,000 $910,000 $487,000
2016 $7,033 $542,431 $113,173 $429,258
2015 $6,955 $534,285 $111,474 $422,811
2014 $6,842 $523,820 $109,291 $414,529
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23145144

California Regional Multiple Listing Service (CRMLS)

APN: 5729-025-010