NOT LISTED FOR SALE

1637 E Washington Blvd Pasadena, CA 91104

East Washington Village Neighborhood

Estimated Value: $1,293,312

-- Bed
2 Baths
2,240 Sq Ft
$577/Sq Ft Est. Value

Last Sold May 22, 2013

Last sale price $477,000 $213 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $7,854/month

105 Days on Market

About This Home

As of May 2013

Great opportunity in prime Pasadena location. Nicely remodeled two retail units and a storage unit on a busy street with good visibility. Currently leased as a Tax office and the other unit is Yoga shop with ample private parking in the back. Property may offer many possibilities (zoned commercial), and can also be ideal for Owner User. Great central location and close to shops and transportation. Please don't disturb the tenants. See agent remarks for more information.

Last Agent to Sell the Property

Mike Majarian

Premier Realty Associates License #01244604 Listed on: 12/17/2012

Premier Realty Associates

Last Buyer's Agent

Babak Nasseri

First Team Real Estate License #01063050

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,840

Year Built

  • Built in 1953

Lot Details

  • 5,872 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 2,240 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • 4 Carport Spaces

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 5300
  • Assessor Parcel Number 5850022012

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Rent Control
  • Electric Expense $140
  • Insurance Expense $1,120
  • Trash Expense $320
  • Water Sewer Expense $170
  • New Taxes Expense $6,100
  • Gross Income $2,800
  • Net Operating Income $31,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,840

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Other Phone Description: Cell
  • Other Phone Number: 818-231-0282
  • Property Attached: Yes
  • Water Sewer Expenses: 170.00
  • Property Type: Residential Income
  • Parcel Number: 5850022012
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 212.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 320.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5872.00
  • Lot Size Acres: 0.1350

Multi Family

  • Electric Expense: 140.00
  • Gross Income: 2800.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1120.00
  • Lot Size Area: 5872.0000 Square Feet
  • Net Operating Income: 31850.00
  • Number Of Units Total: 3
  • Operating Expense: 1750.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 6100.00
  • Tax Lot: 2
  • Tax Tract Number: 5300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2016
Sold by
Valiani Shahram
Bought by
Moon Young S and The Moon Family Trust
Current Estimated Value
$1,293,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$399,750
Interest Rate
3.71%
Mortgage Type
Commercial
Estimated Equity
$879,443

Purchase Details

Listed on
Dec 17, 2012
Closed on
May 20, 2013
Sold by
Kostikyan Henrik
Bought by
Valiani Shahram
Seller's Agent
Mike Majarian
Premier Realty Associates
Buyer's Agent
Babak Nasseri
First Team Real Estate
List Price
$485,000
Sold Price
$477,000
Premium/Discount to List
-$8,000
-1.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.36%
Original Mortgage
$349,700
Interest Rate
3.41%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 17, 2012
Closed on
May 17, 2013
Sold by
Valiani Yalda
Bought by
Valiani Shahram
Seller's Agent
Mike Majarian
Premier Realty Associates
Buyer's Agent
Babak Nasseri
First Team Real Estate
List Price
$485,000
Sold Price
$477,000
Premium/Discount to List
-$8,000
-1.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,700
Interest Rate
3.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2009
Sold by
Kostikyan Karapet and Kostikyan Henrik
Bought by
Kostikyan Henrik

Purchase Details

Closed on
Jun 23, 2004
Sold by
Orr Lloyd W and Orr Donna M
Bought by
Kostikyan Karapet and Kostikyan Henrik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 1994
Sold by
Orr Lloyd W and Orr Donna M
Bought by
Orr Lloyd W and Orr Donna M
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
Moon Young S $698,000 Old Republic Title Company
Valiani Shahram $477,000 Wfg Title Company
Valiani Shahram -- Wfg Title Company
Kostikyan Henrik -- None Available
Kostikyan Karapet $350,000 Ticor Title Company Of Ca
Kostikyan Karapet -- Ticor Title Company Of Ca
Orr Lloyd W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moon Young S $500,000
Previous Owner Valiani Shahram $349,700
Previous Owner Valiani Shahram $181,500
Previous Owner Kostikyan Karapet $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2013 05/22/13 Sold $477,000 -1.6% $213 / Sq Ft
04/01/2013 04/01/13 Pending -- -- --
12/17/2012 12/17/12 For Sale $485,000 -- $217 / 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
2025 $9,840 $826,285 $520,868 $305,417
2024 $9,840 $810,084 $510,655 $299,429
2023 $9,746 $794,201 $500,643 $293,558
2022 $9,404 $778,629 $490,827 $287,802
2021 $9,007 $763,362 $481,203 $282,159
2019 $8,682 $740,722 $466,931 $273,791
2018 $8,769 $726,199 $457,776 $268,423
2016 $6,216 $496,188 $305,827 $190,361
2015 $6,145 $488,736 $301,234 $187,502
2014 $6,025 $479,164 $295,334 $183,830
Source: Public Records

Agents Affiliated with this Home

  • Mike Majarian

    Seller's Agent in 2013

    Mike Majarian

    Premier Realty Associates

    (818) 231-0282

    17 Total Sales

    Mike Majarian
    Section Image

  • B

    Buyer's Agent in 2013

    Babak Nasseri

    First Team Real Estate

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB12152040

California Regional Multiple Listing Service (CRMLS)

APN: 5850-022-012

California Los Angeles County Pasadena 91104 East Washington Village

1637 E Washington Blvd, Pasadena, CA

This home is located at 1637 E Washington Blvd, Pasadena, CA 91104 since 17 December 2012 and is currently estimated at $1,293,312, approximately $577 per square foot. This property was built in 1953. 1637 E Washington Blvd 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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