NOT LISTED FOR SALE
5 Beds
6 Baths
9,930 Sq Ft
19,123 Sq Ft Lot

Last Sold April 07, 2014

Last sale price $2,945,000 $297 Per Sq Ft

442 Days on Market

About This Home

As of April 2014

31 N Parkwood Ave. (APN 5746-017-092) is included in the sale. Total 20 units - 13 Studios, 6 1-BR and 1 2-BR. 12 units fronting Colorado Blvd. was built in 1923; 8 units fronting Parkwood Ave. was built in 1958. Prime location, only 2-1/2 block from Pasadena City College. High demand rental area, low vacancy. Currently fully rented. Separate gas and electricity meters. On site laundry.

Last Agent to Sell the Property

Dorothy Sun

IRN REALTY License #00843874 Listed on: 01/01/2013

IRN REALTY

Last Buyer's Agent

Suzie Koo

Keller Williams Realty License #00915365

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Lot Details

  • 19,105 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Car Garage
  • 8 Carport Spaces

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Additional Features

  • 9,930 Sq Ft Home
  • Urban Location

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 5746017030

Community Details

Overview

  • 3 Buildings
  • 20 Units

Building Details

  • 20 Leased Units
  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $2,200
  • Insurance Expense $5,000
  • Maintenance Expense $4,200
  • Professional Management Expense $9,100
  • Trash Expense $2,500
  • Water Sewer Expense $4,300
  • New Taxes Expense $35,000
  • Gross Income $19,350
  • Net Operating Income $149,980

Property Details

Home Type

Multi-Family

Lot Details

0.44 Acres

Parking

1

Listing Details

  • Professional Management Expense: 9100.00
  • Property Attached: No
  • Water Sewer Expenses: 4300.00
  • Property Type: Residential Income
  • Parcel Number: 5746017030
  • Year Built: 2358
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 296.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19105.00
  • Lot Size Acres: 0.4390

Multi Family

  • Electric Expense: 2200.00
  • Gross Income: 19350.00
  • Gross Scheduled Income: 232200.00
  • Insurance Expense: 5000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 19105.0000 Square Feet
  • Maintenance Expense: 4200.00
  • Net Operating Income: 149980.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 20
  • Number Of Units Total: 20
  • Operating Expense: 70700.00
  • Rent Control: No
  • Total Actual Rent: 19200.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 35000.00
  • Tax Lot: 4
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2014 04/07/14 Sold $2,945,000 +9.9% $297 / Sq Ft
03/19/2014 03/19/14 Pending -- -- --
01/01/2013 01/01/13 For Sale $2,680,000 -- $270 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $38,548 $3,374,640 $1,008,147 $2,366,493
2024 $38,548 $3,308,472 $988,380 $2,320,092
2023 $38,230 $3,243,600 $969,000 $2,274,600
2022 $25,751 $2,154,913 $804,150 $1,350,763
2021 $24,722 $2,112,661 $788,383 $1,324,278
2020 $23,768 $2,092,680 $780,300 $1,312,380
2019 $17,937 $1,494,942 $1,051,533 $443,409
2018 $18,169 $1,465,663 $1,030,915 $434,748
2016 $17,573 $1,407,136 $990,884 $416,252
2015 $17,372 $1,386,000 $976,000 $410,000
2014 $15,211 $1,192,000 $945,100 $246,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS13000114

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.