NOT LISTED FOR SALE

1971 El Sereno Ave Pasadena, CA 91103

Muir Heights Neighborhood

Estimated Value: $1,215,000 - $1,907,000

5 Beds
3 Baths
3,910 Sq Ft
$385/Sq Ft Est. Value

Last Sold May 21, 2012

Last sale price $550,000 $141 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $9,069/month

10 Days on Market

Highlights

  • 0.44 Acre Lot
  • No HOA
  • Floor Furnace
  • Mountain View
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2012

This 4 unit income property has a large lot with tons of potential (bring your imagination.) Each unit has its own front and backyard. Close to shopping and transportation. Minutes from Old Town Pasadena, the Rose Bowl, JPL, Eaton Canyon, and many more attractions. Unit 1 has 2 bedrooms, 1-1/4 bath, huge bonus room, and 2 car garage. Unit 2 has 2 bedrooms, 1 bath, and 1 car garage. Unit 3, also is a 2 bedroom, 1 bath, and 1 car garage. Unit 4 is a 1 bedroom, 1 bath, and 1 car port. This unit has been remodeled. All other units need a little TLC.

Last Agent to Sell the Property

Maureen Twyman

Century 21 Ludecke Inc. License #01744646 Listed on: 01/31/2012

Last Buyer's Agent

Maureen Twyman

Century 21 Ludecke Inc. License #01744646 Listed on: 01/31/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.44 Acre Lot

Parking

  • 4 Car Garage
  • 1 Carport Space

Home Design

  • Stucco

Interior Spaces

  • 3,910 Sq Ft Home
  • Mountain Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, HVAC maintenance
  • Tax Lot 5
  • Tax Tract Number 6080
  • Assessor Parcel Number 5836013014

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,000
  • Trash Expense $500
  • Water Sewer Expense $1,500
  • New Taxes Expense $6,862
  • Gross Income $1,700
  • Net Operating Income $15,992

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

4

Listing Details

  • CapRate: 2.90
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Parcel Number: 5836013014
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Square Foot: 140.66

Exterior Features

  • View: Mountain(s)
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 4.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Heating Type: Floor Furnace
  • Trash Expense: 500.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 18974.00
  • Lot Size Acres: 0.4400

Rental Info

  • Tenant Pays: Electricity, Gas, HVAC Maintenance

Multi Family

  • Gross Income: 1700.00
  • Gross Multiplier: 27.00
  • Gross Scheduled Income: 20400.00
  • Gross Spendable Income: 15992.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 18974.0000 Square Feet
  • Net Operating Income: 15992.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 4000.00
  • Operating Expense Percent: 20.00
  • Rent Control: No
  • Total Actual Rent: 1700.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 6862.00
  • Tax Lot: 5
  • Tax Tract Number: 6080
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2017
Sold by
Lo Jin Nan
Bought by
Wong Michael P and Wong Thomas J
Current Estimated Value
$1,504,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$206,082
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$1,297,918

Purchase Details

Closed on
Nov 30, 2016
Sold by
El Sereno Court Inc
Bought by
Lo Jin N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$206,082
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$1,297,918

Purchase Details

Closed on
Apr 10, 2015
Sold by
Lo Jin Nan
Bought by
El Sereno Court Inc

Purchase Details

Listed on
Jan 31, 2012
Closed on
Apr 10, 2012
Sold by
Marks Wilbourne A and Wilbourne A Marks Trust
Bought by
Lo Jin Nan
Seller's Agent
Maureen Twyman
Century 21 Ludecke Inc.
Buyer's Agent
Maureen Twyman
Century 21 Ludecke Inc.
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$230,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2012
Sold by
Johnson Julie M and Johnson Julie M
Bought by
Marks Wilbourne A and Wilbourne A Marks Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2012
Sold by
Marks Wilbourne A
Bought by
Johnson Julie M

Purchase Details

Closed on
Jun 13, 2008
Sold by
Marks Wilbourne A
Bought by
Marks Wilbourne A and Wilbourne A Marks Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Wong Michael P $550,000 Chicago Title Company
Lo Jin N -- Accommodation
El Sereno Court Inc -- None Available
Lo Jin Nan $550,000 Fatcola
Marks Wilbourne A -- Fatcola
Johnson Julie M -- None Available
Marks Wilbourne A -- None Available
Marks Wilbourne A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Michael P $250,000
Previous Owner Lo Jin Nan $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2012 05/21/12 Sold $550,000 +0.2% $141 / Sq Ft
02/10/2012 02/10/12 Pending -- -- --
01/31/2012 01/31/12 For Sale $549,000 -- $140 / 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 $14,552 $1,215,709 $972,570 $243,139
2024 $14,552 $1,191,872 $953,500 $238,372
2023 $14,429 $1,168,503 $934,804 $233,699
2022 $13,945 $1,145,592 $916,475 $229,117
2021 $13,380 $1,123,130 $898,505 $224,625
2020 $12,870 $1,111,614 $889,292 $222,322
2019 $12,900 $1,089,818 $871,855 $217,963
2018 $12,939 $1,068,450 $854,760 $213,690
2016 $7,547 $583,570 $318,311 $265,259
2015 $7,463 $574,805 $313,530 $261,275
2014 $7,344 $563,546 $307,389 $256,157
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Maureen Twyman

    Century 21 Ludecke Inc.

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A12013642

California Regional Multiple Listing Service (CRMLS)

APN: 5836-013-014

California Los Angeles County Pasadena 91103 Muir Heights

1971 El Sereno Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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