Seller's Agent in 2013
Han Widjaja-Chen
GIG Real Estate Inc.
(626) 594-4901
4 in this area
55 Total Sales
171 N Wilson Ave Pasadena, CA 91106
Playhouse Village Neighborhood
39
Beds
39
Baths
18,735
Sq Ft
0.46
Acres
Highlights
- 0.46 Acre Lot
- Central Air
- Heating Available
- Laundry Room
About This Home
As of October 2013Monarch Terrace is a 20-unit luxury apartment community in one of the best locations in the City of Pasadena, California. This offering presents a rare opportunity for investor to acquire a well located, newer built, mostly upgraded luxury apartment community in one of the strongest sub-markets in the West San Gabriel Valley.
The property is a newer construction that was built in 1987 and includes subterranean parking. It boasts an excellent unit mix of Nineteen (19) 2-bedroom and 2-bathroom units and One (1) 1-bedroom and 1-bathroom unit. The property is separately metered for electricity and gas with laundry facility available on-site.
The property has undergone major capital improvements; most were completed in the past 12 months. Some of the recent capital improvements include new exterior paint, new lighting, new signage, etc. The property has secured entrance.
Last Agent to Sell the Property
GIG Real Estate Inc. License #01749321 Listed on: 08/19/2013
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 0.46 Acre Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Parking
- 43 Car Garage
Home Design
- 18,735 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 39 Bedrooms
- 39 Bathrooms
Utilities
- Central Air
- Heating Available
- Shared Septic
Additional Features
- Laundry Room
- Suburban Location
Listing and Financial Details
- Assessor Parcel Number 5738005098
Community Details
Overview
- 20 Units
Building Details
- 20 Separate Electric Meters
- 20 Separate Gas Meters
- 20 Separate Water Meters
- Electric Expense $2,700
- Gardener Expense $2,100
- Insurance Expense $6,300
- Maintenance Expense $7,442
- Other Expense $3,266
- Professional Management Expense $14,102
- Trash Expense $4,920
- Water Sewer Expense $8,088
- New Taxes Expense $73,683
- Gross Income $38,145
- Net Operating Income $301,428
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/10/2013 10/10/13 | Sold | $6,600,000 | +1.6% | $352 / Sq Ft |
| 09/13/2013 09/13/13 | Pending | -- | -- | -- |
| 08/19/2013 08/19/13 | For Sale | $6,495,000 | -- | $347 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $110,344 | $9,842,813 | $6,561,876 | $3,280,937 |
| 2024 | $110,344 | $9,649,817 | $6,433,212 | $3,216,605 |
| 2023 | $109,442 | $9,460,606 | $6,307,071 | $3,153,535 |
| 2022 | $105,653 | $9,275,104 | $6,183,403 | $3,091,701 |
| 2021 | $101,317 | $9,093,240 | $6,062,160 | $3,031,080 |
| 2019 | $80,903 | $7,252,852 | $4,395,668 | $2,857,184 |
| 2018 | $82,642 | $7,110,640 | $4,309,479 | $2,801,161 |
| 2016 | $80,064 | $6,834,528 | $4,142,138 | $2,692,390 |
| 2015 | $79,186 | $6,731,868 | $4,079,920 | $2,651,948 |
| 2014 | -- | $6,600,000 | $4,000,000 | $2,600,000 |
Source: Public Records
Agents Affiliated with this Home
-
Han Widjaja-Chen
-
Norio Kanai
Buyer's Agent in 2013
Norio Kanai
Cosmo Investment
(562) 548-7972
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR13167298
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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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