NOT LISTED FOR SALE

1367 Coolidge Ave Pasadena, CA 91104

Estimated Value: $1,005,000 - $1,365,136

3 Beds
2 Baths
1,512 Sq Ft
$762/Sq Ft Est. Value

Last Sold August 23, 2019

Last sale price $680,000 $450 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $6,791/month

35 Days on Market

Highlights

  • Mountain View
  • Property is near a park
  • Laundry Room
  • Pasadena High School Rated A
  • Traditional Architecture
  • Floor Furnace

About This Home

As of August 2019

Ideally situated in the heart of East Washington Village in Pasadena, this lovely duplex is just a short distance away from neighborhood supermarkets, highly rated restaurants and hiking trails. The one-bedroom front unit is taped at 668 sqft and the two-bedroom back unit is taped at 827 sqft. Both units feature hardwood floors, new water heaters, and full bathrooms. Copper plumbing was installed throughout in 2019 as well as a new property fence. The expansive back yard is filled with lovely fruit trees and boasts tall perimeter trees for added privacy from neighbors. Two parking spots with individual garage doors allows easy access from the adjacent alley. For the first time on the market in 40 years, this is the perfect opportunity for an investor or buyer/occupant to enter Pasadena's hot income property market!

Last Agent to Sell the Property

James Martin

Coldwell Banker Realty License #01722539 Listed on: 07/03/2019

Coldwell Banker Realty

Co-Listed By

Nina Martin

Coldwell Banker Realty License #01091433

Last Buyer's Agent

PFNon-Member Default

ITECH MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,993

Year Built

  • Built in 1948

Lot Details

  • 6,641 Sq Ft Lot
  • Property fronts an alley
  • East Facing Home
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Traditional Architecture
  • Property Attached
  • Stucco

Interior Spaces

  • 1-Story Property
  • Mountain Views

Kitchen

  • Range with Range Hood
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas Dryer Hookup

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Vented Exhaust Fan
  • Gas Water Heater
  • Satellite Dish
  • TV Antenna

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 149 / 4613
  • Tax Tract Number 6443
  • Assessor Parcel Number 5853019004

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $567
  • Gross Income $2
  • Net Operating Income $32,482

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,993

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.27
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved, Paved
  • View: Yes
  • Zoning: LCR2YY
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 5853019004
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Direction Faces: East
  • Exterior Features: TV Antenna, Satellite Dish
  • View: Mountain(s)
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Refrigerator, Vented Exhaust Fan, Microwave, Range, Range Hood, Water Heater, Gas Water Heater
  • Heating Type: Natural Gas, Floor Furnace, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Outside

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 6641.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 668
  • Average2 Bed Area: 827
  • Gross Multiplier: 12.88
  • Gross Operating Income: 2.00
  • Insurance Expense: 567.00
  • Lot Size Area: 6641.0000 Square Feet
  • Net Operating Income: 32482.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Total Actual Rent: 2950.00

Tax Info

  • Tax Block: 4613
  • Tax Lot: 149
  • Tax Tract Number: 6443
  • Tax Annual Amount: 2993.01
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2019
Closed on
Aug 15, 2019
Sold by
Derian Anahis and The Derian Family Trust
Bought by
Ajamian Harouteoun and Ajamian Hilda
Seller's Agent
James Martin
Coldwell Banker Realty
Buyer's Agent
PFNon-Member Default
ITECH MLS
List Price
$699,000
Sold Price
$680,000
Premium/Discount to List
-$19,000
-2.72%
Current Estimated Value
$1,152,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$472,784
Avg. Annual Appreciation
8.65%

Purchase Details

Closed on
Jan 31, 2003
Sold by
Derian Anahis
Bought by
The Derian Family Trust
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
Ajamian Harouteoun $680,000 Equity Title Los Angeles
The Derian Family Trust -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2019 08/23/19 Sold $680,000 -2.7% $450 / Sq Ft
08/07/2019 08/07/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $699,000 -- $462 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $9,028 $743,674 $520,573 $223,101
2024 $9,028 $729,093 $510,366 $218,727
2023 $8,778 $714,798 $500,359 $214,439
2022 $8,479 $700,784 $490,549 $210,235
2021 $8,029 $687,044 $480,931 $206,113
2019 $3,011 $219,543 $76,746 $142,797
2018 $2,993 $215,240 $75,242 $139,998
2016 $2,888 $206,883 $72,321 $134,562
2015 $2,858 $203,776 $71,235 $132,541
2014 $2,818 $199,785 $69,840 $129,945
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    James Martin

    Coldwell Banker Realty

    (818) 913-3456

    21 Total Sales

    James Martin
    Section Image

  • N

    Seller Co-Listing Agent in 2019

    Nina Martin

    Coldwell Banker Realty

    (818) 406-1239

    13 Total Sales

    Nina Martin
    Section Image

  • P

    Buyer's Agent in 2019

    PFNon-Member Default

    ITECH MLS

See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-819003079

Pasadena-Foothills Association of REALTORS®

APN: 5853-019-004

California Los Angeles County Pasadena 91104

1367 Coolidge Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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