NOT LISTED FOR SALE

1599 N Raymond Ave Pasadena, CA 91103

La Pintoresca Park Neighborhood
23 Beds
6 Baths
9,524 Sq Ft
0.41 Acres

Last Sold June 14, 2016

Last sale price $2,300,000 $241 Per Sq Ft

129 Days on Market

Highlights

  • 17,671 Sq Ft lot
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of June 2016

Price reduced! Submit all offers! Unique opportunity to acquire a non rent control, 7-unit apartment asset in a stable area of north Pasadena. The extremely rare unit mix consists of two 4 bedroom, 1 ½ bathroom townhouse units, two 4 bedroom, 1 ¾ bathroom units, two 3 bedroom, 1 bathroom units, and one 1 bedroom, 1 bathroom unit. The townhouse units measure approximately 1,850 square feet each. The property, which was built in 1964, consists of 9,524 rentable square feet on a 17,671 square foot lot (Buyer to verify). The asset has been meticulously maintained. Some of the many renovations include newer bathrooms, newer flooring, newer kitchen cabinets, and microwave hoods. A recent extensive capital improvement included the removal of a balcony and renovated decking. 1599 Raymond Ave represents a stable apartment investment at a low price per bedroom, with potential to continue raising rents in a well managed property.

Last Agent to Sell the Property

Darin Spillman

Kidder Mathews of California, Inc. License #01366902 Listed on: 11/24/2015

Last Buyer's Agent

Darin Spillman

Kidder Mathews of California, Inc. License #01366902 Listed on: 11/24/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.41

Interior Spaces

  • 23 Bedrooms
  • 9,524 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Parking

  • 17 Parking Spaces
  • Assigned Parking

Additional Features

  • 0.41 Acre Lot
  • Forced Air Heating System

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5836-025-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 9524
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 23
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 250.73

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 17

Utilities

  • Heating: Forced Air
  • Water Expense: 5084.00

Fee Information

  • Insurance Expense: 3450.00
  • Management Expense: 6045.00
  • Other Expense: 323.00
  • Trash Expense: 5434.00

Lot Info

  • Assessed Improvement Value: 473169
  • Assessed Land Value: 191820
  • Assessor Parcel Number: 5836-025-018
  • Geocode Override: No
  • Lot Size Area: 17671

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.29
  • Number Of Units: 7
  • Rent Control: 0
  • Type Of Units: Apartment

Tax Info

  • Tax Expense: 27965.00

Range of Values:

--
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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2016 06/14/16 Sold $2,300,000 -7.6% $241 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
11/24/2015 11/24/15 For Sale $2,488,000 -- $261 / Sq Ft
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 $31,435 $2,722,728 $1,657,314 $1,065,414
2024 $31,435 $2,669,342 $1,624,818 $1,044,524
2023 $31,175 $2,617,003 $1,592,959 $1,024,044
2022 $30,109 $2,565,690 $1,561,725 $1,003,965
2021 $28,861 $2,515,383 $1,531,103 $984,280
2019 $27,793 $2,441,128 $1,485,691 $955,437
2018 $28,297 $2,393,270 $1,456,560 $936,710
2016 $9,179 $675,129 $194,745 $480,384
2015 $9,076 $664,989 $191,820 $473,169
2014 $8,948 $651,964 $188,063 $463,901
Source: Public Records

Agents Affiliated with this Home

  • Darin Spillman

    Seller's Agent in 2016

    Darin Spillman

    Kidder Mathews of California, Inc.

    (310) 592-8269

    15 Total Sales

    Darin Spillman
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Map

Source: The MLS

MLS Number: 15-961795

The MLS
California Los Angeles County Pasadena 91103 La Pintoresca Park

1599 N Raymond Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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