NOT LISTED FOR SALE

1570 Locust St Pasadena, CA 91106

Playhouse Village Neighborhood

Estimated Value: $1,262,000 - $1,640,672

6 Beds
4 Baths
2,594 Sq Ft
$572/Sq Ft Est. Value

Last Sold April 06, 2023

Last sale price $1,280,000 $493 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,170/month

117 Days on Market

Highlights

  • Partially Fenced Property
  • Pasadena High School Rated A
  • Wood Siding

About This Home

As of April 2023

***PRICE REDUCED***ATTENTION*** INVESTOR, DEVELOPER AND HOMEBUYER - 2 ON 1 ON LARGE 9641 SQFT LOT WITH ENDLESS POSSIBILITIES! Develop this large Multi Family lot with up to 4 units on this quiet tree-lined street and with mountain views or keep as it is with steady rental income! HOMEBUYERS - Live in one with rental income from second home. Newly renovated front home with roughly 1168 sq. ft., custom cabinets in kitchen and bathrooms with designer finishes. Cottage, front house is a 3 bed/2bath and completely redone. Back house is rented month to month, 1426 sf. 3 bed/2 ba. Both have private yards.

Last Agent to Sell the Property

Evan Piritz

Salas Properties License #02022374 Listed on: 11/04/2022

Last Buyer's Agent

Mei Mei Liu

Berkshire Hathaway Home Servic License #01329663

Berkshire Hathaway Home Servic

Property Details

Home Type

  • Multi-Family

Year Built

  • 1890

Lot Details

  • 9,641 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Listing and Financial Details

  • Tenant pays for trash, cable TV, gas/propane
  • Assessor Parcel Number 5737-007-024

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Net Operating Income $70,000

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

9,641 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Cross Street: Sierra Bonita
  • Sale Price List Price: 0.91
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Pets Allowed: Allowed w/Restrictions

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 5737-007-024
  • Estimated Lot Sq Ft: 9641

Rental Info

  • Tenant Pays: Trash, Cable TV, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 70000
  • Gross Rent Multiplier Actual: 21.0
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 1
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
May 5, 2023
Sold by
Hou Annie
Bought by
Silver Palms Llc
Seller's Agent
Evan Piritz
Salas Properties
Buyer's Agent
Mei Mei Liu
Berkshire Hathaway Home Servic
List Price
$1,598,000
Sold Price
$1,280,000
Premium/Discount to List
-$318,000
-19.9%
Views
176
Current Estimated Value
$1,484,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,418
Avg. Annual Appreciation
5.12%
Original Mortgage
$780,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 4, 2022
Closed on
Mar 10, 2023
Sold by
Qi Wang
Bought by
Hou Annie
Seller's Agent
Evan Piritz
Salas Properties
Buyer's Agent
Mei Mei Liu
Berkshire Hathaway Home Servic
List Price
$1,598,000
Sold Price
$1,280,000
Premium/Discount to List
-$318,000
-19.9%
Views
176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 4, 2022
Closed on
Mar 8, 2023
Sold by
Fulp Yvonne L and Fulp Yvonne M
Bought by
Hou Annie
Seller's Agent
Evan Piritz
Salas Properties
Buyer's Agent
Mei Mei Liu
Berkshire Hathaway Home Servic
List Price
$1,598,000
Sold Price
$1,280,000
Premium/Discount to List
-$318,000
-19.9%
Views
176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2018
Sold by
Fulp Michael C
Bought by
Fulp Yvonne L

Purchase Details

Closed on
Nov 20, 2000
Sold by
Rein Barry S and Zamorano Desiree M
Bought by
Fulp Michael C and Fulp Yvonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.5%

Purchase Details

Closed on
Aug 12, 1993
Sold by
Rein Barry S and Rein Desiree M
Bought by
Rein Barry S and Zamorano Desiree M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
7.2%
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
Silver Palms Llc -- None Listed On Document
Hou Annie -- Chicago Title
Hou Annie $1,280,000 Chicago Title Company
Fulp Yvonne L -- Accommodation
Fulp Michael C $250,000 Progressive Title Company
Rein Barry S -- World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hou Annie $780,000
Previous Owner Fulp Michael C $200,000
Previous Owner Rein Barry S $249,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2023 04/06/23 Sold $1,280,000 -8.5% $493 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
01/10/2023 01/10/23 Price Changed $1,399,500 -5.2% $540 / Sq Ft
12/01/2022 12/01/22 Price Changed $1,477,000 -7.6% $569 / Sq Ft
11/04/2022 11/04/22 For Sale $1,598,000 -- $616 / Sq Ft
Source: San Diego MLS

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 $14,847 $1,321,308 $801,108 $520,200
2024 $14,847 $1,305,600 $785,400 $520,200
2023 $4,554 $362,062 $246,206 $115,856
2022 $4,401 $354,964 $241,379 $113,585
2021 $4,217 $348,005 $236,647 $111,358
2020 $4,058 $344,438 $234,221 $110,217
2019 $4,066 $337,685 $229,629 $108,056
2018 $4,149 $331,065 $225,127 $105,938
2016 $3,988 $318,211 $216,386 $101,825
2015 $3,944 $313,432 $213,136 $100,296
2014 $3,877 $307,293 $208,961 $98,332
Source: Public Records

Agents Affiliated with this Home

  • Evan Piritz

    Seller's Agent in 2023

    Evan Piritz

    Salas Properties

    (619) 600-7817

    1 in this area

    33 Total Sales

    Evan Piritz
    Section Image
  • Mei Mei Liu

    Buyer's Agent in 2023

    Mei Mei Liu

    Berkshire Hathaway Home Servic

    (626) 685-4122

    8 in this area

    57 Total Sales

    Mei Mei Liu
    Section Image
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Map

Source: San Diego MLS

MLS Number: 220027127

San Diego MLS

APN: 5737-007-024

California Los Angeles County Pasadena 91106 Playhouse Village

1570 Locust St, Pasadena, CA

Not Listed for Sale

MultiFamily

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