NOT LISTED FOR SALE

Estimated Value: $1,281,000 - $1,385,000

6 Beds
4 Baths
3,046 Sq Ft
$439/Sq Ft Est. Value

Sale Details

Date Sold: June 12, 2024

Last sale price $1,350,000 $443 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,747 / mo

123 Days on Market

Highlights

  • Traditional Architecture
  • Two Homes on a Lot
  • Laundry Room
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Wood Fence

About This Home

As of June 2024

Located in the popular neighborhood of Historic Highlands in Pasadena, California this Spanish style 4-unit complex offers a terrific opportunity to add to your portfolio. Two separate buildings with two units each and all units are separately metered. The front unit 1457 #1 has two bedrooms, one full bathroom, with a stand-alone tub, and separate shower stall. The quaint living room and den maintaining many original features. The kitchen has a breakfast area, with a separate laundry room and basement. The second Unit (attached) 1457 #2 has 1 bedroom, kitchen with eating area, living room and a 3/4 bathroom. The rear second building has two units. Unit 1455 #1 has 2 bedrooms and one full bathroom with shower over tub. The kitchen has an eating area and a side exit door. Unit 1455 #2 has one bedroom, 3/4 bathroom and laundry room. The kitchen has a breakfast bar and a rear exit door. There is parking in the rear of the complex, two covered spaces and two uncovered. This property is centrally located surrounded by popular restaurants, shops, frwy proximity, schools and much more. The property has been well maintained by its original owner for many years and is a terrific opportunity to add to your portfolio.

Last Agent to Sell the Property

PETE WHAN

Pete Whan and Associates, Inc. Brokerage Email: pete@petewhan.com License #00943306 Listed on: 02/06/2024

Last Buyer's Agent

Joe Momjian

Dilbeck Real Estate License #00977897

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 10,316 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Brick Fence
  • No Sprinklers

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Combination Of Materials Used In The Driveway
  • Driveway Level
  • Uncovered Parking
  • Parking Lot
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Spanish Architecture
  • Quadruplex
  • Stucco

Interior Spaces

  • 3,046 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Homes

  • Two Homes on a Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, gas, electricity
  • Tax Lot 35
  • Tax Tract Number 461
  • Assessor Parcel Number 5850014024

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,755
  • Trash Expense $972
  • Water Sewer Expense $1,608
  • Operating Expense $13,319
  • Gross Income $76,620
  • Net Operating Income $63,301

Additional Features

  • 2 Buildings
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

10,316 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 1608.00
  • Architectural Style: Spanish, Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5850014024
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Wood
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 443.20

Exterior Features

  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Brick, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway - Combination, Uncovered, Garage Faces Front, Driveway Level, Parking Space
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Washer Hookup, Electric Dryer Hookup, Outside, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 972.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 10316.00
  • Lot Size Acres: 0.2368

Rental Info

  • Tenant Pays: Cable TV, Gas, Electricity

Multi Family

  • Gross Income: 76620.00
  • Gross Scheduled Income: 76620.00
  • Insurance Expense: 1755.00
  • Lot Size Area: 10316.0000 Square Feet
  • Net Operating Income: 63301.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Operating Expense: 13319.00
  • Rent Control: Yes
  • Total Actual Rent: 6385.00
  • Total Expenses: 13319.00

Tax Info

  • Tax Lot: 35
  • Tax Tract: 5064
  • Tax Tract Number: 461...

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2024
Closed on
Jun 5, 2024
Sold by
Bought by
Seller's Agent
PETE WHAN
Pete Whan and Associates, Inc.
Buyer's Agent
Joe Momjian
Dilbeck Real Estate
List Price
$1,489,000
Sold Price
$1,350,000
Premium/Discount to List
-$139,000
-9.34%
Views
143
Current Estimated Value
$1,338,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,757
Avg. Annual Appreciation
-0.41%
Original Mortgage
$945,000
Outstanding Balance
$925,914
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$412,329

Purchase Details

Closed on
Aug 27, 2010
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Historic Highlands, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,350,000 Chicago Title Company
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $945,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/12/2024 06/12/24 Sold $1,350,000 -3.5% $443 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
04/04/2024 04/04/24 Price Changed $1,399,000 -6.0% $459 / Sq Ft
02/05/2024 02/05/24 For Sale $1,489,000 -- $489 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $16,700 $1,377,000 $622,200 $754,800
2024 $4,525 $312,345 $124,935 $187,410
2023 $4,485 $306,222 $122,486 $183,736
2022 $4,346 $300,219 $120,085 $180,134
2021 $4,172 $294,333 $117,731 $176,602
2019 $4,037 $285,605 $114,240 $171,365
2018 $3,995 $280,005 $112,000 $168,005
2016 $3,824 $269,133 $107,651 $161,482
2015 $3,779 $265,091 $106,034 $159,057
2014 $3,736 $259,899 $103,957 $155,942
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-16431

Pasadena-Foothills Association of REALTORS®

APN: 5850-014-024

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