NOT LISTED FOR SALE

Estimated Value: $1,141,000 - $1,651,000

2 Beds
1 Bath
2,164 Sq Ft
$643/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $741,000 $342 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $8,123/month

174 Days on Market

Highlights

  • Laundry Room
  • Attached Carport
  • Central Air
  • Pasadena High School Rated A

About This Home

As of July 2014

INVESTORS...INVESTORS...INVESTORS. A beautiful 3 unit Pasadena property. Walking distance to Pasadena City College & the Rose Parade. Prime, Prime, Prime LOCATION!

Last Agent to Sell the Property

Sofia Chacon

KW The Lakes License #01763659 Listed on: 12/05/2013

KW The Lakes

Last Buyer's Agent

Sofia Chacon

KW The Lakes License #01763659 Listed on: 12/05/2013

KW The Lakes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 3,679 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Attached Carport
  • Parking Available

Home Design

  • 2,164 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room

Utilities

  • Central Air
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for gas
  • Tax Lot 28
  • Tax Tract Number 4634
  • Assessor Parcel Number 5736026034

Community Details

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,357
  • Trash Expense $1,800
  • Water Sewer Expense $1,295
  • New Taxes Expense $3,739
  • Gross Income $3,275
  • Net Operating Income $31,109

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1295.00
  • Property Type: Residential Income
  • Parcel Number: 5736026034
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 342.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Unknown
  • Trash Expense: 1800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3679.00
  • Lot Size Acres: 0.0840

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Gross Income: 3275.00
  • Gross Scheduled Income: 39300.00
  • Insurance Expense: 1357.00
  • Lot Size Area: 3679.0000 Square Feet
  • Net Operating Income: 31109.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 8191.00
  • Rent Control: No
  • Total Actual Rent: 3675.00

Tax Info

  • New Taxes Expense: 3739.00
  • Taxes Percent: 2.38
  • Tax Lot: 28
  • Tax Tract Number: 4634
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2013
Closed on
Jun 4, 2014
Sold by
Bartholomew Hripsime A
Bought by
Rivkin Samuel Richard and Revocable Living Trust Of Samuel Richard
Seller's Agent
Sofia Chacon
KW The Lakes
Buyer's Agent
Sofia Chacon
KW The Lakes
List Price
$800,000
Sold Price
$741,000
Premium/Discount to List
-$59,000
-7.38%
Current Estimated Value
$1,390,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$649,921
Avg. Annual Appreciation
5.66%
Original Mortgage
$330,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 21, 2013
Sold by
Chen Shauan
Bought by
Wang Jungchi

Purchase Details

Closed on
Aug 19, 2013
Sold by
Wilcox James Carl and Seaton Lynda Jane
Bought by
Wang Jungchi

Purchase Details

Closed on
Aug 8, 2013
Sold by
Wilcox Margaret Jane
Bought by
Wilcox James Carl

Purchase Details

Closed on
Jul 29, 2013
Sold by
Wilcox James Carl and Seaton Lynda Jane
Bought by
Wilcox James Carl and Seaton Lynda Jane

Purchase Details

Closed on
Oct 27, 2003
Sold by
Pakhanyan Pogos and Pakhanyan Anait
Bought by
Bartholomew Hripsime A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2002
Sold by
Pakhanyan Pagos and Pakhanyan Anait
Bought by
Parkhanyan Pogos

Purchase Details

Closed on
Dec 30, 1993
Sold by
Burney George Edwin
Bought by
Pakhanyan Pogos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.95%

Purchase Details

Closed on
Aug 9, 1993
Sold by
Burney John G and Burney Margaret
Bought by
Burney George
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Rivkin Samuel Richard $741,000 Fntie
Wang Jungchi -- Chicago Title Company
Wang Jungchi $480,000 Chicago Title Company
Wilcox James Carl -- Chicago Title Company
Wilcox James Carl -- Chicago Title Company
Bartholomew Hripsime A -- Landsafe Title
Parkhanyan Pogos -- Landsafe Title
Pakhanyan Pogos $120,000 Orange Coast Title
Burney George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rivkin Samuel Richard $330,000
Previous Owner Bartholomew Hripsime A $190,000
Previous Owner Pakhanyan Pogos $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2014 07/31/14 Sold $741,000 -7.4% $342 / Sq Ft
06/04/2014 06/04/14 Pending -- -- --
12/12/2013 12/12/13 For Sale $800,000 -- $370 / 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 $10,287 $890,561 $620,149 $270,412
2024 $10,287 $873,100 $607,990 $265,110
2023 $10,201 $855,981 $596,069 $259,912
2022 $9,853 $839,198 $584,382 $254,816
2021 $9,453 $822,744 $572,924 $249,820
2020 $9,081 $814,309 $567,050 $247,259
2019 $9,103 $798,343 $555,932 $242,411
2018 $9,242 $782,690 $545,032 $237,658
2016 $8,941 $752,300 $523,869 $228,431
2015 $8,843 $741,000 $516,000 $225,000
2014 $3,743 $293,721 $139,866 $153,855
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13245962

California Regional Multiple Listing Service (CRMLS)

APN: 5736-026-034