NOT LISTED FOR SALE

1421 N Fair Oaks Ave Pasadena, CA 91103

Muir Heights Neighborhood
3 Beds
3 Baths
2,439 Sq Ft
0.32 Acres

Last Sold May 21, 2021

Last sale price $1,500,000 $615 Per Sq Ft

39 Days on Market

About This Home

As of May 2021

1421 N Fair Oaks is a 5-unit apartment in the City of Pasadena, California delivered vacant. The property is situated on a large lot size of ±13,869 square feet lot (PSR*) which provides buyers the options for future development.
The property is located just a 6-minute commute to Old Town Pasadena and offers access to all amenities the City of Pasadena has to offer. Bountiful open parking is available to the tenants. The attractive unit mix consists of one -2bed+1bath unit, three- 1bed+1bath units, and one studio unit. All units are turn-key and most have never been lived in. Most of the units have been completely remodeled. The property has brand new HVAC, plumbing & Electrical. This is a well-located deal, completely upgraded and ready for move-in.
Currently, the property currently is master leased to an operator for $8,200 a month and the tenant covers all utilities excluding property taxes and insurance but will be delivered free of any tenants to a new buyer.

Please contact the listing agent for more information.

Last Agent to Sell the Property

Justin White

Justin White License #01267826 Listed on: 02/15/2021

Last Buyer's Agent

Justin White

Justin White License #01267826 Listed on: 02/15/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1885

Lot Details

  • 0.32 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,439 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 10 / A
  • Tax Tract Number 4609
  • Assessor Parcel Number 5728015033

Community Details

Overview

  • 5 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $854
  • Professional Management Expense $3,936
  • Trash Expense $500
  • Water Sewer Expense $3,000
  • New Taxes Expense $18,450
  • Operating Expense $35,190
  • Gross Income $117,600
  • Net Operating Income $78,882

Property Details

Home Type

Multi-Family

Year Built

Built in 1885

Lot Details

0

Listing Details

  • CapRate: 5.08
  • Professional Management Expense: 3936.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: PSR*
  • Property Type: Residential Income
  • Parcel Number: 5728015033
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 615.01

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13870.00
  • Lot Size Acres: 0.3184

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 117600.00
  • Gross Multiplier: 15.24
  • Gross Scheduled Income: 117600.00
  • Insurance Expense: 854.00
  • Lot Size Area: 13870.0000 Square Feet
  • Net Operating Income: 78882.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 35190.00
  • Rent Control: Yes
  • Total Expenses: 35190.00

Tax Info

  • New Taxes Expense: 18450.00
  • Tax Block: A
  • Tax Census Tract: 4609.00
  • Tax Lot: 10
  • Tax Tract Number: 4609

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $1,500,000 +3.4% $615 / Sq Ft
03/12/2021 03/12/21 Price Changed $1,450,000 -3.3% $595 / Sq Ft
02/15/2021 02/15/21 For Sale $1,500,000 -- $615 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Justin White

    Seller's Agent in 2021

    Justin White

    Justin White

    (714) 231-2537

    1 in this area

    46 Total Sales

    Justin White
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21031533

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91103 Muir Heights

1421 N Fair Oaks Ave, Pasadena, CA

This home is located at 1421 N Fair Oaks Ave, Pasadena, CA 91103 since 15 February 2021. This property was built in 1885. 1421 N Fair Oaks Ave is a home located in Los Angeles County with nearby schools including Washington Elementary STEM Magnet, Octavia E. Butler Magnet, and John Muir High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

Nearby Homes