NOT LISTED FOR SALE

1501 N Altadena Dr Pasadena, CA 91107

Estimated Value: $1,253,000 - $1,435,000

3 Beds
2 Baths
2,208 Sq Ft
$623/Sq Ft Est. Value

Last Sold September 20, 2013

Last sale price $650,000 $294 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $8,496/month

17 Days on Market

About This Home

As of September 2013

Potential upside to this property by raising rents after minor upgrades to the property. Stable area with long term potential for growth.

Located in a prime rental zone of Pasadena on Altadena Drive. Close proximity shops and freeway access.

1 unit is non-conforming. Getting rent from all units. Stable tenants.

Last Agent to Sell the Property

Mike Tohikian

No Firm Affiliation License #01524891 Listed on: 06/28/2013

Last Buyer's Agent

Mike Tohikian

No Firm Affiliation License #01524891 Listed on: 06/28/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,591

Year Built

  • Built in 1948

Lot Details

  • 5,699 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,208 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 6433
  • Assessor Parcel Number 5853008005

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $5,200
  • Net Operating Income $46,249

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,591

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 170625
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5853008005
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 294.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5699.00
  • Lot Size Acres: 0.1310

Multi Family

  • Gross Income: 5200.00
  • Gross Scheduled Income: 62400.00
  • Lot Size Area: 5699.0000 Square Feet
  • Net Operating Income: 46249.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 13031.00
  • Rent Control: No

Tax Info

  • Tax Lot: 20
  • Tax Tract Number: 6433
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2013
Sold by
Jambazian Shake
Bought by
Park Gene
Current Estimated Value
$1,374,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,852
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2009
Sold by
Jambazian Shake Boyadjian
Bought by
Jambazian Shake

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Park Gene $690,000 Provident Title Company
Jambazian Shake -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Gene $508,000
Closed Park Gene $512,500
Previous Owner Park Gene $511,852
Previous Owner Jambazian Shake $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2013 09/20/13 Sold $650,000 -4.8% $294 / Sq Ft
07/15/2013 07/15/13 Pending -- -- --
06/28/2013 06/28/13 For Sale $682,500 -- $309 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $10,591 $829,248 $480,724 $348,524
2023 $10,242 $812,990 $471,299 $341,691
2022 $9,898 $797,050 $462,058 $334,992
2021 $9,337 $781,423 $452,999 $328,424
2019 $8,998 $758,248 $439,564 $318,684
2018 $9,084 $743,382 $430,946 $312,436
2016 $8,802 $714,517 $414,213 $300,304
2015 $8,708 $703,786 $407,992 $295,794
2014 $8,543 $690,000 $400,000 $290,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Mike Tohikian

    No Firm Affiliation

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR13117538

California Regional Multiple Listing Service (CRMLS)

APN: 5853-008-005

California Los Angeles County Pasadena 91104

1501 N Altadena Dr, Pasadena, CA

This home is located at 1501 N Altadena Dr, Pasadena, CA 91107 since 28 June 2013 and is currently estimated at $1,374,596, approximately $622 per square foot. This property was built in 1948. 1501 N Altadena Dr is a home located in Los Angeles County with nearby schools including Webster Elementary School, Charles W. Eliot Arts Magnet Academy, and Pasadena 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

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