NOT LISTED FOR SALE

1308 N Wilson Ave Pasadena, CA 91104

Bungalow Heaven Neighborhood

Estimated Value: $1,344,000 - $2,183,000

7 Beds
5 Baths
3,764 Sq Ft
$491/Sq Ft Est. Value

Sale Details

Date Sold: September 19, 2014

Last sale price $1,040,000 $276 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $11,004 / mo

28 Days on Market

Highlights

  • No Units Above
  • Craftsman Architecture
  • Wood Flooring
  • Pasadena High School Rated A
  • Property is near park
  • Tile Countertops

About This Home

As of September 2014

This rare triplex located in historic Bungalow Heaven is located in the heart of the beautiful city of Pasadena. Bungalow Heaven is a wonderful community of more than 800 small craftsman homes built in 1900 to 1930. The home is located in a great neighborhood of Pasadena and is minutes from Old Town & the Gold Line. The front home is a lovely 3 bedroom, 1 bathroom house featuring a newly remodeled kitchen! This home has approximately 2,000 sq.ft. and also features hardwood floors, a fireplace, central A/C, remodeled bathrooms, & a brand new laundry area. Each duplex unit has 2 spacious bedrooms, 2 bathrooms, & are approximately 882 sq.ft. Each unit offers a spacious living room with lots of natural light, new engineered floors, new tile countertops, a lovely kitchen, & central A/C. These units have been well maintained, all have washer/dryer hookups, and there is a 4 car carport & a 1 car garage on the property. Pasadena is a diverse community located adjacent to 3 major freeways that provide access to all of Southern California. Because of its close proximity to Los Angeles, Pasadena is well served by public rail and bus transit lines. With too many amenities to mention please don't miss this great opportunity for a first time buyer or investor!

Last Agent to Sell the Property

Ryan Asao

KW Executive License #01331834 Listed on: 07/23/2014

KW Executive

Last Buyer's Agent

Lois Brand Billings

CBD Investment Inc. License #00936593

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912 | Remodeled

Lot Details

  • 10,454 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Front Yard

Parking

  • 1 Car Garage
  • 4 Carport Spaces

Home Design

  • Craftsman Architecture
  • Property Attached

Interior Spaces

  • 3,764 Sq Ft Home
  • Living Room with Fireplace
  • Storage
  • Laundry Room
  • Wood Flooring

Kitchen

  • Gas Cooktop
  • Tile Countertops

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Water Heater

Additional Features

  • Exterior Lighting
  • Property is near park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 121
  • Assessor Parcel Number 5740004003

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Trash Expense $700
  • Water Sewer Expense $2,000
  • New Taxes Expense $7,440
  • Gross Income $5,400
  • Net Operating Income $52,860

Property Details

Home Type

Multi-Family

Year Built

Built in 1912 | Remodeled

Lot Details

10,454 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 2000.00
  • Architectural Style: Craftsman
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5740004003
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Storage, Tile Counters
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 276.30
  • Room Type: Living Room, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Water Heater
  • Heating Type: Central
  • Laundry Features: Common Area
  • Trash Expense: 700.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Front Yard, Lot 10000-19999 Sqft, Park Nearby
  • Lot Size Sq Ft: 10454.00
  • Lot Size Acres: 0.2400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5400.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 10454.0000 Square Feet
  • Net Operating Income: 52860.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 995.00
  • Rent Control: No
  • Total Actual Rent: 5400.00

Tax Info

  • New Taxes Expense: 7440.00
  • Tax Lot: 121
  • Tax Tract Number: 00000
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2016
Sold by
Hinds John and Hinds Lauren Bolley
Bought by
Hinds Family 2005 Trust
Current Estimated Value
$1,849,071

Purchase Details

Listed on
Jul 23, 2014
Closed on
Aug 26, 2014
Sold by
Harrington Janet Passaretti and The Jan Passaretti Living Trus
Bought by
Hinds John and Hinds Lauren
Seller's Agent
Ryan Asao
KW Executive
Buyer's Agent
Lois Brand Billings
CBD Investment Inc.
List Price
$1,050,000
Sold Price
$1,040,000
Premium/Discount to List
-$10,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.08%
Original Mortgage
$218,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2007
Sold by
Harrington Jan P
Bought by
The Jan Passaretti Living Trust

Purchase Details

Closed on
Aug 26, 2002
Sold by
Vegerano Theresa and Theresa Vegerano Trust
Bought by
Harrington Janet P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.22%

Purchase Details

Closed on
Jul 9, 1998
Sold by
Vegerano Theresa
Bought by
Vegerano Theresa and Theresa Vegerano Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
7.07%

Purchase Details

Closed on
May 18, 1998
Sold by
Vegerano Theresa Tr Vegerano Trust
Bought by
Vegerano Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
7.07%

Purchase Details

Closed on
May 10, 1994
Sold by
Vegerano Theresa
Bought by
Vegerano Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
8.1%

Purchase Details

Closed on
May 5, 1994
Sold by
Vegerano Theresa
Bought by
Vegerano Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
8.1%
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
Hinds Family 2005 Trust -- None Available
Hinds John $1,040,000 Chicago Title Company
The Jan Passaretti Living Trust -- Accommodation
Harrington Janet P $550,000 Equity Title
Vegerano Theresa -- --
Vegerano Theresa -- Chicago Title Co
Vegerano Theresa -- --
Vegerano Theresa -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hinds John $218,000
Previous Owner Harrington Janet P $440,000
Previous Owner Vegerano Theresa $162,000
Previous Owner Vegerano Theresa $162,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2014 09/19/14 Sold $1,040,000 -1.0% $276 / Sq Ft
08/11/2014 08/11/14 Pending -- -- --
07/14/2014 07/14/14 For Sale $1,050,000 -- $279 / 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 $15,214 $1,249,915 $812,446 $437,469
2024 $14,453 $1,225,408 $796,516 $428,892
2023 $14,332 $1,201,382 $780,899 $420,483
2022 $13,842 $1,177,827 $765,588 $412,239
2021 $13,273 $1,154,733 $750,577 $404,156
2020 $12,751 $1,142,893 $742,881 $400,012
2019 $12,783 $1,120,484 $728,315 $392,169
2018 $12,953 $1,098,515 $714,035 $384,480
2016 $12,527 $1,055,860 $686,309 $369,551
2015 $12,390 $1,040,000 $676,000 $364,000
2014 $7,999 $649,806 $419,422 $230,384
Source: Public Records

Agents Affiliated with this Home

  • Ryan Asao

    Seller's Agent in 2014

    Ryan Asao

    KW Executive

    (626) 253-4557

    78 Total Sales

    Ryan Asao
    Section Image
  • Lois Brand Billings

    Buyer's Agent in 2014

    Lois Brand Billings

    CBD Investment Inc.

    (626) 823-4679

    1 in this area

    2 Total Sales

    Lois Brand Billings
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14149934

California Regional Multiple Listing Service (CRMLS)

APN: 5740-004-003

California Los Angeles County Pasadena 91104 Bungalow Heaven

1308 N Wilson Ave, Pasadena, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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