$1,575,000
SOLD FEB 5, 2025
7 Beds
6 Baths
3,344 Sq Ft
8,380 Sq Ft Lot

Recently Sold

$471 Per Sq Ft

1% Below List Price

16 Days on Market

Highlights

  • No Units Above
  • 4-minute walk to Allen Station
  • Property is near public transit
  • Pasadena High School Rated A
  • Fireplace in Kitchen
  • No HOA

About This Home

As of February 2025

WELL MAINTAINED TRIPLEX! Conveniently located just South of the 210 Freeway, this property offers the new owner numerous options. The front house measures approx. 1,345 SF +/-, was built in 1921 and tastefully updated. The home consists of 3 bedrooms, 2 baths, spacious living room, updated kitchen with granite counters and built-in appliances, indoor laundry, central air & heat and ample on-site parking.
The rear duplex was built in 1989. Each unit measures approx. 1,000 SF +/- and offers 2 bedrooms and 2 baths, an inviting open concept kitchen dining area, spacious living area, indoor laundry, central air & heat and ample natural light. (Buyer to independently verify square footage info.)
The building features 6 carport spaces in addition to 1 uncovered parking space on the driveway.
Other amenities include, C/A & heat in each unit, updated plumbing and electrical and professional landscaping. Each unit has its own water heater and they are separately metered for gas and electricity. Buyer to check and verify with the City of Pasadena about the possibility to convert part of the parking area into an ADU. The property is subject to local Pasadena rent control, so buyers are encouraged to verify and familiarize with local laws. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.

Last Agent to Sell the Property

Luther Tsinoglou

Compass Brokerage Phone: 626-695-8650 License #01135433 Listed on: 12/18/2024

Compass

Last Buyer's Agent

Troy Kuo

In Realty Inc. License #01849263

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,434

Year Built

  • Built in 1921 | Remodeled

Lot Details

  • 8,380 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front Yard

Home Design

  • Triplex
  • Entry on the 1st floor
  • Turnkey
  • Composition Roof
  • Partial Copper Plumbing

Interior Spaces

  • 3,344 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Range
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Open Parking Space
  • 7 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Shared Driveway
  • Paved Parking
  • Parking Lot

Location

  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 12
  • Tax Tract Number 1663
  • Assessor Parcel Number 5737015027
  • $941 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,700
  • Other Expense $735
  • Supplies Expense $1,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $19,140
  • Operating Expense $28,625
  • Gross Income $96,888
  • Net Operating Income $65,356

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,434

Year Built

Built in 1921 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.10
  • Price Per Unit: 531667
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Supplies Expense: 1000.00
  • Water Sewer Expenses: 2000.00
  • Zoning: PSR1
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5737015027
  • Year Built: 1921
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Partial
  • Stories: 2
  • Entry Location: Ground
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Kitchen, Living Room
  • Levels: Two
  • Price Per Square Foot: 470.99
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Covered, Concrete, Parking Space, Shared Driveway
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Central, Forced Air, Natural Gas
  • Laundry Features: Inside
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Level with Street, Lot 6500-9999, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 8380.00
  • Lot Size Acres: 0.1924

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1344 Square Feet
  • Gross Income: 96888.00
  • Gross Multiplier: 16.00
  • Gross Operating Income: 93981.00
  • Gross Scheduled Income: 96888.00
  • Insurance Expense: 3700.00
  • Lot Size Area: 8380.0000 Square Feet
  • Net Operating Income: 65356.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 28625.00
  • Other Expense: 735.00
  • Other Expense Description: City Fee
  • Rent Control: Yes
  • Total Actual Rent: 8074.00
  • Total Expenses: 28625.00
  • Vacancy Allowance: 2907
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 19140.00
  • Tax Census Tract: 4627.00
  • Tax Lot: 12
  • Tax Tract Number: 1663
  • TaxOtherAnnualAssessmentAmount: 941.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2024
Closed on
Jan 21, 2025
Sold by
Wisdoms Charity Trust and Abernathy Brian T
Bought by
Chiu Paul Hsishsung and Han Yue Chei
Seller's Agent
Luther Tsinoglou
Compass
Buyer's Agent
Troy Kuo
In Realty Inc.
List Price
$1,595,000
Sold Price
$1,575,000
Premium/Discount to List
-$20,000
-1.25%
Views
27
Current Estimated Value
$1,585,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,824
Avg. Annual Appreciation
1.01%
Original Mortgage
$700,000
Outstanding Balance
$695,054
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$890,770

Purchase Details

Closed on
May 1, 2023
Sold by
Abernathy Brian Brian T and Abernathy Delna P
Bought by
Wisdoms Charity Trust

Purchase Details

Closed on
May 18, 2015
Sold by
Deutsche Bank National Trust Company
Bought by
Abernathy Brian and Abernathy Delna

Purchase Details

Closed on
Apr 29, 2015
Sold by
Nationstar Mortgage Llc
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Apr 13, 2015
Sold by
Velasco Carlos
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Jun 3, 2008
Sold by
Velasco Omar
Bought by
Velasco Carlos

Purchase Details

Closed on
May 16, 2007
Sold by
Velasco Carlos
Bought by
Velasco Carlos and Velasco Omar

Purchase Details

Closed on
Jan 26, 2005
Sold by
Velasco Omar
Bought by
Velasco Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2004
Sold by
Valdez Belina
Bought by
Velasco Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,854
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2004
Sold by
Velasco Carlos
Bought by
Velasco Carlos and Velasco Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,854
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2003
Sold by
Velasco Carlos and Velasco Simon
Bought by
Velasco Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,180
Interest Rate
5.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 2, 1998
Sold by
Valdez Belina
Bought by
Velasco Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,373
Interest Rate
6.86%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 28, 1998
Sold by
Mochizuki Ichiro and Seiho International Inc
Bought by
Velasco Carlos and Velasco Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,373
Interest Rate
6.86%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,575,000 Ticor Title Company
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Grant Deed $859,000 Title365 Company
Grant Deed $736,500 Accommodation
Trustee Deed $736,373 Accommodation
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- North American Title Co
Interfamily Deed Transfer -- Ticor Title Co Of California
Interfamily Deed Transfer -- Ticor Title Co Of California
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- Southland Title
Interfamily Deed Transfer -- Southland Title
Grant Deed $274,000 Southland Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Previous Owner $600,000 New Conventional
Previous Owner $307,854 New Conventional
Previous Owner $25,180 Credit Line Revolving
Previous Owner $262,373 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2025 02/05/25 Sold $1,575,000 -1.3% $471 / Sq Ft
01/18/2025 01/18/25 For Sale $1,595,000 +1.3% $477 / Sq Ft
01/03/2025 01/03/25 Pending -- -- --
12/31/2024 12/31/24 Off Market $1,575,000 -- --
12/18/2024 12/18/24 For Sale $1,595,000 -- $477 / 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 $12,434 $1,069,637 $641,782 $427,855
2024 $12,434 $1,048,665 $629,199 $419,466
2023 $12,330 $1,028,104 $616,862 $411,242
2022 $11,910 $1,007,946 $604,767 $403,179
2021 $11,422 $988,183 $592,909 $395,274
2020 $10,974 $978,051 $586,830 $391,221
2019 $11,002 $1,131,257 $678,754 $452,503
2018 $13,007 $1,109,077 $665,446 $443,631
2016 $12,586 $1,066,012 $639,607 $426,405
2015 $5,131 $398,992 $173,374 $225,618
2014 $5,047 $391,177 $169,978 $221,199
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24251271

California Regional Multiple Listing Service (CRMLS)

APN: 5737-015-027