NOT LISTED FOR SALE

1429 N Altadena Dr Pasadena, CA 91107

Estimated Value: $1,584,000 - $1,599,284

6 Beds
5 Baths
3,353 Sq Ft
$475/Sq Ft Est. Value

Last Sold September 04, 2024

Last sale price $1,515,000 $452 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,529/month

141 Days on Market

About This Home

As of September 2024

*$150,000 Price Reduction* 1429 N Altadena Drive is a quintessential 5-unit apartment building nestled in the heart of Pasadena. Constructed in 1950, this charming property showcases a distinctive unit mix, featuring (1) spacious two-bedroom, one-bath unit and (4) cozy one-bedroom, one-bathroom units. Meticulously maintained over the years, the property exudes a timeless appeal and offers ample amenities for residents. In addition to convenient street parking available in the front, the property also provides five garages situated at the rear, ensuring residents' comfort and convenience. With its prime location and well-appointed features, 1429 N Altadena Drive presents an exceptional opportunity for both investors and tenants alike.

Last Agent to Sell the Property

Daniel Withers

Matthews Real Estate Investment Services License #01325901 Listed on: 02/13/2024

Last Buyer's Agent

Daniel Withers

Matthews Real Estate Investment Services License #01325901 Listed on: 02/13/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,004 Sq Ft Lot

Parking

  • 5 Parking Spaces

Interior Spaces

  • 3,353 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5853-021-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3353
  • Lot Acreage: 0.1378
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 521.92

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 5

Utilities

  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 55.00
  • Assessed Improvement Value: 589500
  • Assessed Land Percent: 45
  • Assessed Land Value: 482316
  • Total Assessed Value: 1071816
  • Assessor Parcel Number: 5853-021-010
  • Lot Size Area: 6004

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.20
  • Number Of Units: 5
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
Aug 14, 2024
Sold by
Janet Passaretti Harrington Living Trust and Harrington Janet Passaretti
Bought by
Gross Fund Llc
Seller's Agent
Daniel Withers
Matthews Real Estate Investment Services
Buyer's Agent
Daniel Withers
Matthews Real Estate Investment Services
List Price
$1,900,000
Sold Price
$1,515,000
Premium/Discount to List
-$385,000
-20.26%
Views
75
Current Estimated Value
$1,591,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,642
Avg. Annual Appreciation
4.03%
Original Mortgage
$1,100,000
Outstanding Balance
$1,087,336
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$504,306

Purchase Details

Closed on
Dec 18, 2015
Sold by
Harrington Jan P and Jan Passaretti Living Trust
Bought by
Li Harrington Janet Passaretti and Li Janet Passaretti Harrington

Purchase Details

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

Purchase Details

Closed on
Oct 29, 2004
Sold by
Mccullough Carolyn J and Carolyn J Mccoullough Trust
Bought by
Harrington Jan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 2002
Sold by
Mccullough Carolyn J Hatchett
Bought by
Mccullough Carolyn J and The Carolyn J Mccullough Trust

Purchase Details

Closed on
Jun 9, 1998
Sold by
Hatchett Cornell Gazelle Cleaver
Bought by
Mccullough Carolyn J Hatchett and Hatchett Cornell Gazelle Cleaver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,054
Interest Rate
7.1%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 1998
Sold by
Mccullough Carolyn J Hatchett and Hatchett Cornell Gazelle Cleaver
Bought by
Hatchett Cornell Gazelle Cleaver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,054
Interest Rate
7.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Gross Fund Llc $1,515,000 Old Republic
Li Harrington Janet Passaretti -- None Available
The Jan Passaretti Living Trust -- Accommodation
Harrington Jan P $800,000 Old Republic Title Company
Mccullough Carolyn J -- --
Mccullough Carolyn J Hatchett -- --
Hatchett Cornell Gazelle Cleaver -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gross Fund Llc $1,100,000
Previous Owner Harrington Jan P $520,000
Previous Owner Hatchett Cornell Gazelle Cleaver $101,054
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2024 09/04/24 Sold $1,515,000 -13.4% $452 / Sq Ft
07/03/2024 07/03/24 Pending -- -- --
05/10/2024 05/10/24 Price Changed $1,750,000 -7.9% $522 / Sq Ft
02/13/2024 02/13/24 For Sale $1,900,000 0.0% $567 / Sq Ft
02/25/2020 02/25/20 Rented $1,750 0.0% --
02/21/2020 02/21/20 Off Market $1,750 -- --
01/22/2020 01/22/20 For Rent $1,750 -- --
Source: The MLS

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 $14,284 $1,515,000 $960,000 $555,000
2024 $14,284 $1,093,252 $491,962 $601,290
2023 $14,077 $1,071,816 $482,316 $589,500
2022 $13,617 $1,050,801 $472,859 $577,942
2021 $12,809 $1,030,198 $463,588 $566,610
2019 $12,369 $1,000,304 $449,839 $550,465
2018 $12,534 $980,704 $441,019 $539,685
2016 $12,139 $941,990 $423,895 $518,095
2015 $12,010 $927,841 $417,528 $510,313
2014 $11,489 $909,667 $409,350 $500,317
Source: Public Records

Agents Affiliated with this Home

  • Daniel Withers

    Seller's Agent in 2024

    Daniel Withers

    Matthews Real Estate Investment Services

    (310) 365-5054

    1 in this area

    47 Total Sales

    Daniel Withers
    Section Image
  • Ryan Asao

    Seller's Agent in 2020

    Ryan Asao

    KW Executive

    (626) 253-4557

    2 in this area

    86 Total Sales

    Ryan Asao
    Section Image

  • V

    Buyer's Agent in 2020

    Vincent Yeung

    BROADWAY REALTY, INC.

    (626) 232-4980

    20 Total Sales

    Vincent Yeung
    Section Image
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Map

Source: The MLS

MLS Number: 24-366789

The MLS

APN: 5853-021-010

California Los Angeles County Pasadena 91104

1429 N Altadena Dr, Pasadena, CA

Not Listed for Sale

MultiFamily

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