NOT LISTED FOR SALE

Estimated Value: $1,651,000 - $2,832,215

7 Beds
4 Baths
5,304 Sq Ft
$459/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $1,907,000 $360 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $14,609/month

26 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • No HOA
  • John Muir High School Rated A-
  • Granite Countertops
  • Living Room Balcony

About This Home

As of October 2020

Built-in 1926 by Pasadena renowned architect Walter Folland also designed the Jamieson House on the Ambassador College campus.
This Original Spanish Colonial 4-Plex was designed beautifully with an exquisite architectural layout.
Each unit includes spacious living room and formal dining and breakfast areas. Also featured are beautiful Batchelder fireplaces ,custom cabinetry, original Oakwood flooring, Hardwood doors, and a separate laundry room in the units. Upon entering through the front of this 4-plex, a welcoming guest lobby awaits. A rear entrance is also available for residents, providing easy and accommodating access to the parking area and detached 4 individual garages. This two-story building comes with a basement. Conveniently located 5 minutes to South Lake Ave, and Old Town Pasadena. The perfect location for shopping and restaurants. This Property is zoned PSR3, allowing additional units to be built. In addition, this property is approved under the “Mills Act” creating a massive tax incentive for any potential buyer. Buyer must verify. Unit Information: (2) 2 Beds & 1 Bath unit (approx. 1450 SqFt.), (1) 2 Beds & 1 Bath unit (approx. 1200 SqFt.) (1) 1 Bed & 1 Bath unit (approx. 1200 SqFt.) Total of 5304 SqFt living area. The lot size is 11,625 SqFt.
*The owner did renovation/remodeled in 2017 in Unit 1292, in 2018 in Unit 1290, in 2019 retrofitted the foundation, installed new HAVC, and new copper plumbing.

Last Agent to Sell the Property

Sookie Huskey

Coldwell Banker Realty License #01305467 Listed on: 07/29/2020

Coldwell Banker Realty

Last Buyer's Agent

Diana Nikolof

Coldwell Banker Residential Brokerage

Coldwell Banker Residential Brokerage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,833

Year Built

  • Built in 1926

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Wire Fence
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door
  • Parking Lot
  • Assigned Parking

Home Design

  • Colonial Architecture
  • Spanish Architecture
  • Quadruplex
  • Flat Roof Shape
  • Raised Foundation
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 5,304 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Awning
  • Casement Windows
  • Living Room with Fireplace
  • Living Room Balcony
  • Storage
  • Wood Flooring

Kitchen

  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5730001005
  • Tax Block S

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $1,950
  • Water Sewer Expense $3,000
  • Gross Income $11,130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,833

Year Built

Built in 1926

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 3000.00
  • Zoning: PSR3
  • Architectural Style: Colonial, Spanish
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5730001005
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Living Room Balcony, Storage
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 359.54
  • Room Type: Kitchen, Laundry, Living Room
  • Window Features: Casement Windows

Exterior Features

  • Foundation: Raised
  • Exterior Features: Awning(s)
  • Fence: Yes
  • Fencing: Wire, Wrought Iron
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage - Single Door, Parking Space
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Range Hood, Refrigerator, Water Heater
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11624.00
  • Lot Size Acres: 0.2669

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 11130.00
  • Gross Scheduled Income: 111300.00
  • Insurance Expense: 1950.00
  • Lot Size Area: 11624.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 6750.00
  • Rent Control: No

Tax Info

  • Tax Block: S
  • Tax Census Tract: 4621.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2020
Closed on
Oct 9, 2020
Sold by
Choi Michael and Choi Yu Rhi
Bought by
Volokin And Smada Investments Llc
Seller's Agent
Sookie Huskey
Coldwell Banker Realty
Buyer's Agent
Diana Nikolof
Coldwell Banker Residential Brokerage
List Price
$1,998,000
Sold Price
$1,907,000
Premium/Discount to List
-$91,000
-4.55%
Current Estimated Value
$2,472,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$565,871
Avg. Annual Appreciation
5.22%

Purchase Details

Listed on
Jan 20, 2017
Closed on
Apr 28, 2017
Sold by
Ward Mark and The Anthony John Ward December
Bought by
Choi Michael and Choi Yurhi
Seller's Agent
JOSEPH PASSERINO
IPS COMMERCIAL CAPITAL
Buyer's Agent
Sookie Huskey
Coldwell Banker George Realty
List Price
$1,395,000
Sold Price
$1,340,000
Premium/Discount to List
-$55,000
-3.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.90%
Original Mortgage
$747,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2015
Sold by
Ward Mark and The Anthony John Ward December
Bought by
Ward Mark and The Anthony John Ward December

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.86%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 16, 2009
Sold by
Ward Anthony John
Bought by
Ward Anthony John and Ward Mark

Purchase Details

Closed on
Apr 22, 2004
Sold by
Ward Anthony John
Bought by
Ward Anthony John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,500
Interest Rate
4.37%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

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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
Volokin And Smada Investments Llc $1,907,000 Ticor Title
Choi Michael $1,340,000 Orange Coast Title
Ward Mark -- Ticor Title Company Of Ca
Ward Anthony John -- None Available
Ward Anthony John -- Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Choi Yu Rhi $930,000
Previous Owner Choi Yu Rhi $931,600
Previous Owner Choi Michael $871,450
Previous Owner Choi Michael $747,000
Previous Owner The Anthony Ward December 5 2008 Trust $305,000
Previous Owner Ward Mark $250,000
Previous Owner Ward Anthony John $665,000
Previous Owner Ward Anthony John $521,500
Previous Owner Ward Anthony John $378,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2020 10/13/20 Sold $1,907,000 -4.6% $360 / Sq Ft
07/29/2020 07/29/20 For Sale $1,998,000 +49.1% $377 / Sq Ft
05/19/2017 05/19/17 Sold $1,340,000 -3.9% $253 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
01/20/2017 01/20/17 For Sale $1,395,000 -- $263 / 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 $12,833 $1,056,000 $553,700 $502,300
2024 $12,833 $1,056,000 $553,700 $502,300
2023 $11,504 $925,000 $485,100 $439,900
2022 $16,199 $1,361,000 $713,700 $647,300
2021 $15,687 $1,361,000 $713,700 $647,300
2020 $13,130 $1,166,000 $699,600 $466,400
2019 $12,250 $1,057,000 $634,200 $422,800
2018 $16,092 $1,366,800 $820,080 $546,720
2016 $15,928 $1,340,130 $913,725 $426,405
2015 $1,714 $70,734 $18,128 $52,606
2014 -- $69,349 $17,773 $51,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20151612

California Regional Multiple Listing Service (CRMLS)

APN: 5730-001-005