NOT LISTED FOR SALE

185 E Woodbury Rd Altadena, CA 91001

Estimated Value: $589,000 - $1,545,658

8 Beds
4 Baths
2,916 Sq Ft
$394/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $1,050,000 $360 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,117/month

76 Days on Market

Highlights

  • Golf Course Community
  • Community Lake
  • Hiking Trails
  • John Muir High School Rated A-
  • No HOA
  • Park

About This Home

As of May 2023

185 E. Woodbury is a value-add duplex consisting of one four-bedroom two bath unit located at the back of the lot. This unit is a 2-story unit with central A/C and forced heat with some upgrades. The second unit is a three-bedroom two bath unit with a bonus room that could be used as another bedroom. The three-bedroom unit also has Central A/C and forced heat. These units will both need cosmetic renovations to make these units really stand out. The property is centrally located near shopping, transportation, and entertainment makes this an ideal opportunity for an owner user or additional family. FHA and VA loans are welcomed. There is an opportunity for an investor to add an ADU as well or provide housing for an older family member you may want to be close to.

Last Agent to Sell the Property

Mario Gandara

W&D Real Estate Investments License #01898787 Listed on: 02/02/2023

Co-Listed By

Dante Underwood

Assurant Properties License #01841690

Last Buyer's Agent

Gerson Duarte

BEVERLY AND COMPANY, INC License #01963959

BEVERLY AND COMPANY, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,905

Year Built

  • Built in 1924

Lot Details

  • 8,082 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Brick Fence
  • Sprinkler System
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Attached Carport
  • Parking Available
  • Brick Driveway

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,916 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer

Location

  • Urban Location
  • Suburban Location

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 70
  • Tax Tract Number 60
  • Assessor Parcel Number 5835025013
  • $825 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Community Lake
  • Near a National Forest
  • Foothills
  • Mountainous Community

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,450
  • Trash Expense $800
  • Operating Expense $23,766
  • Gross Income $70,200
  • Net Operating Income $44,382

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,905

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.03
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Zoning: LCR2YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5835025013
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Levels: One, Two
  • Price Per Square Foot: 360.08

Exterior Features

  • Fence: Yes
  • Fencing: Brick, Wood
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport, Driveway, Driveway - Brick
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Blm/National Forest, Curbs, Dog Park, Foothills, Golf, Hiking, Lake, Horse Trails, Park, Mountainous, Sidewalks, Storm Drains, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Sprinkler System
  • Lot Size Sq Ft: 8082.00
  • Lot Size Acres: 0.1855

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 70200.00
  • Gross Multiplier: 15.67
  • Gross Operating Income: 68148.00
  • Gross Scheduled Income: 70200.00
  • Insurance Expense: 1450.00
  • Lot Size Area: 8082.0000 Square Feet
  • Net Operating Income: 44382.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 23766.00
  • Rent Control: Yes
  • Total Actual Rent: 5700.00
  • Total Expenses: 23766.00

Tax Info

  • Tax Census Tract: 4611.00
  • Tax Lot: 70
  • Tax Tract Number: 060...
  • TaxOtherAnnualAssessmentAmount: 825.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2016
Sold by
Meadows Dexter L and Meadows Marilyn H
Bought by
Meadows Dexter L and Meadows Marilyn H
Current Estimated Value
$1,148,665

Purchase Details

Closed on
Mar 17, 2010
Sold by
Meadows Dexter L and Meadows Marilyn H
Bought by
Mardex Llc

Purchase Details

Closed on
Apr 18, 2006
Sold by
Meadows Dexter L and Meadows Marilyn H
Bought by
Meadows Dexter L and Meadows Marilyn H

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
6.29%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 7, 2002
Sold by
Meadows Dexter L and Meadows Marilyn H
Bought by
Meadows Dexter L and Meadows Marilyn H
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
Meadows Dexter L -- Accommodation
Mardex Llc -- None Available
Meadows Dexter L -- Stewart Title Of Ca Inc
Meadows Dexter L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meadows Dexter L $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2023 05/31/23 Sold $1,050,000 -1.4% $360 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
03/05/2023 03/05/23 Price Changed $1,065,000 -3.2% $365 / Sq Ft
02/02/2023 02/02/23 For Sale $1,100,000 -- $377 / 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 $12,905 $1,092,420 $728,280 $364,140
2024 $12,905 $1,071,000 $714,000 $357,000
2023 $4,238 $292,940 $52,039 $240,901
2022 $4,103 $287,197 $51,019 $236,178
2021 $3,826 $281,567 $50,019 $231,548
2020 $3,695 $278,681 $49,507 $229,174
2019 $3,696 $273,218 $48,537 $224,681
2018 $3,674 $267,862 $47,586 $220,276
2016 $3,531 $257,462 $45,739 $211,723
2015 $3,495 $253,595 $45,052 $208,543
2014 $3,443 $248,628 $44,170 $204,458
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23018603

California Regional Multiple Listing Service (CRMLS)

APN: 5835-025-013