NOT LISTED FOR SALE

Estimated Value: $965,000 - $1,209,317

5 Beds
2 Baths
1,915 Sq Ft
$560/Sq Ft Est. Value

Last Sold January 30, 2020

Last sale price $849,000 $443 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $6,543/month

11 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Recessed Lighting
  • John Muir High School Rated A-
  • Living Room
  • Laundry Room

About This Home

As of January 2020

175 Painter is located in the highly desirable city of Pasadena, Ca. This fully remodeled duplex property offers an investor and/or owner-occupier to acquire a move-in ready investment opportunity in a strong rental market. In the front is a beautifully remodeled 4 bed/1 bath home with an opportunity to add a 2nd bath upstairs, with brand new flooring, a remodeled kitchen, stainless steel appliances, central air/heat, and new landscaping for added curb appeal. In the back is a detached 1 bed/1 bath rental unit remodeled and ready to be rented. The building was originally built in 1910 with a total size of 1,915 SF, sitting on 3,999 SF corner lot zoned. Prime Location in Pasadena near Old Town, Rose Bowl, Washington Square, Altadena, Glendale, Freeways, Restaurants & Shops. All work done with PERMITS and all units VACANT allowing for immediate occupancy!

Last Agent to Sell the Property

Brian Noh

Nohco Real Estate License #01438155 Listed on: 01/09/2020

Last Buyer's Agent

Andrea Gressinger

Keller Williams Los Angeles License #01756680

Keller Williams Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,932

Year Built

  • Built in 1910 | Remodeled

Lot Details

  • 3,999 Sq Ft Lot
  • No Common Walls
  • Front Yard Sprinklers
  • Density is 2-5 Units/Acre

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,915 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Living Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 73 / U
  • Assessor Parcel Number 5725012010

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $57,600
  • Net Operating Income $36,466

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,932

Year Built

Built in 1910 | Remodeled

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: PSR1
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5725012010
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Price Per Square Foot: 443.34
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Master Bedroom

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Sprinklers In Front
  • Lot Size Sq Ft: 3999.00
  • Lot Size Acres: 0.0918

Multi Family

  • Gross Income: 57600.00
  • Gross Scheduled Income: 57600.00
  • Lot Size Area: 3999.0000 Square Feet
  • Net Operating Income: 36466.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 19982.00
  • Rent Control: No

Tax Info

  • Tax Block: U
  • Tax Census Tract: 4620.02
  • Tax Lot: 73

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2022
Sold by
Albanese John Stephen and Albanese James Michael
Bought by
Dobrica Marius Cristian
Current Estimated Value
$1,072,829

Purchase Details

Listed on
Jan 9, 2020
Closed on
Jan 27, 2020
Sold by
Catamount Properties 2018 Llc
Bought by
Albanese Mildred B
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Andrea Gressinger
Keller Williams Los Angeles
List Price
$849,000
Sold Price
$849,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%

Purchase Details

Closed on
May 16, 2019
Sold by
Besorat Investments Inc
Bought by
Catamount Properties 2018 Llc

Purchase Details

Closed on
Jun 14, 2017
Sold by
Journey Investments Inc
Bought by
Besorat Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2008
Sold by
Vantongeren James Brian
Bought by
Carrillo Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2008
Sold by
Carrillo Maria Delapaz and Carillo Lorena
Bought by
Carrillo Maria Delapaz and Carrillo Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 1999
Sold by
Carrillo Norma
Bought by
Carrillo Maria Delapaz and Carrillo Lorena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,378
Interest Rate
6.92%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 1994
Sold by
Delapaz Desantiago Alberto and Delapaz Carrillo Maria
Bought by
Carrillo Maria Delapaz and Carrillo Lorena

Purchase Details

Closed on
Feb 16, 1994
Sold by
Carrillo Alfonso Antonio
Bought by
Carrillo Norma
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
Dobrica Marius Cristian $850,000 Fidelity National Title
Dobrica Marius Cristian $850,000 Fidelity National Title
Albanese Mildred B $849,000 Fidelity National Title Co
Catamount Properties 2018 Llc $659,414 None Available
Besorat Investments Inc $599,000 Stewart Title
Journey Investments Inc $586,000 Stewart Title
Carrillo Norma -- None Available
Carrillo Maria Delapaz -- Southland Title Corporation
Carrillo Maria Delapaz -- Southland Title
Carrillo Maria Delapaz -- --
Carrillo Norma -- Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dobrica Marius Cristian $821,631
Previous Owner Besorat Investments Inc $650,000
Previous Owner Carrillo Maria De La Paz $360,350
Previous Owner Carrillo Maria Delapaz $385,000
Previous Owner Carrillo Rojas Lorena $118,500
Previous Owner Carrillo Maria De La Paz $370,000
Previous Owner Carrillo Maria Delapaz $172,000
Previous Owner Carrillo Maria Delapaz $169,378
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2020 01/30/20 Sold $849,000 0.0% $443 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $849,000 -- $443 / 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 $9,932 $884,339 $662,734 $221,605
2024 $9,932 $867,000 $649,740 $217,260
2023 $10,395 $892,448 $441,494 $450,954
2022 $10,035 $874,950 $432,838 $442,112
2021 $9,675 $857,795 $424,351 $433,444
2020 $7,418 $672,602 $346,800 $325,802
2019 $2,550 $203,646 $146,106 $57,540
2018 $2,551 $199,654 $143,242 $56,412
2016 $2,372 $191,903 $137,681 $54,222
2015 $2,344 $189,021 $135,613 $53,408
2014 $2,304 $185,319 $132,957 $52,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20005511

California Regional Multiple Listing Service (CRMLS)

APN: 5725-012-010