NOT LISTED FOR SALE

2020 Meridian Ave South Pasadena, CA 91030

Estimated Value: $1,781,000 - $2,340,000

4 Beds
4 Baths
1,976 Sq Ft
$1,063/Sq Ft Est. Value

Last Sold September 14, 2021

Last sale price $1,820,000 $921 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $13,378/month

10 Days on Market

Highlights

  • No HOA
  • Monterey Hills Elementary Rated A+
  • Laundry Room

About This Home

As of September 2021

Investment opportunity with true pride of ownership includes four detached units within the well sought after City of South Pasadena. The property also includes four detached garages at the rear of the property adding to this properties potential.

Last Agent to Sell the Property

Cash McCallum

RE/MAX of Santa Clarita License #01863143 Listed on: 07/24/2021

RE/MAX of Santa Clarita

Co-Listed By

Mike Ascione

RE/MAX of Santa Clarita License #01966195

Last Buyer's Agent

Michael Shang

Pros Group Inc License #01386754

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,524

Year Built

  • Built in 1939

Lot Details

  • 9,034 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Car Garage

Home Design

  • 1,976 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 16 / H
  • Assessor Parcel Number 5319037009

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • Operating Expense $3,600
  • Gross Income $92,700
  • Net Operating Income $89,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,524

Year Built

Built in 1939

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: SPR310000*
  • Property Type: Residential Income
  • Parcel Number: 5319037009
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 921.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9034.00
  • Lot Size Acres: 0.2074

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Gross Income: 92700.00
  • Gross Scheduled Income: 92700.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 9034.0000 Square Feet
  • Net Operating Income: 89100.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 3600.00
  • Rent Control: No
  • Total Actual Rent: 7725.00
  • Total Expenses: 3600.00

Tax Info

  • Tax Block: H
  • Tax Census Tract: 4807.04
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2021
Closed on
Aug 9, 2021
Sold by
Sullivan Danial Leonard and Sullivan Elizabeth Anne
Bought by
Momingside Capital Llc
Seller's Agent
Cash McCallum
RE/MAX of Santa Clarita
Buyer's Agent
Michael Shang
Pros Group Inc
List Price
$1,790,000
Sold Price
$1,820,000
Premium/Discount to List
$30,000
1.68%
Current Estimated Value
$2,099,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,637
Avg. Annual Appreciation
2.63%

Purchase Details

Closed on
Mar 30, 2005
Sold by
Midstream Exchange Co
Bought by
Sullivan Daniel Leonard and Sullivan Elizabeth Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$753,600
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 17, 2005
Sold by
Stans Simon
Bought by
Midstream Exchange Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$753,600
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 5, 2003
Sold by
Stans Simon
Bought by
Stans Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2003
Sold by
Stans Simon
Bought by
Stans Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.35%

Purchase Details

Closed on
May 6, 2001
Sold by
Lee Betty
Bought by
Stans Simon and Stans Silvana I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Interest Rate
7.24%

Purchase Details

Closed on
Aug 30, 2000
Sold by
Lee Betty
Bought by
Lee Betty and Chan Shiu Leung

Purchase Details

Closed on
Jun 21, 2000
Sold by
Houston Robert L
Bought by
Lee Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
8.37%

Purchase Details

Closed on
Dec 1, 1992
Sold by
Jebbia Dennis A
Bought by
Houston Robert L and Kosmata Henry Lee
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
Momingside Capital Llc $1,820,000 Wfg National Title Company
Sullivan Daniel Leonard $942,000 Lawyers Title Ins
Midstream Exchange Co -- --
Stans Simon -- Southland Title
Stans Simon -- California Counties Title Co
Stans Simon $395,000 First American Title Co
Lee Betty -- --
Lee Betty $360,000 Gateway Title Company
Houston Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sullivan Daniel Leonard $952,000
Previous Owner Sullivan Daniel Leonard $78,750
Previous Owner Sullivan Daniel Leonard $753,600
Previous Owner Stans Simon $490,000
Previous Owner Stans Simon $450,000
Previous Owner Stans Simon $296,250
Previous Owner Lee Betty $288,000
Closed Sullivan Daniel Leonard $94,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2021 09/14/21 Sold $1,820,000 +1.7% $921 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/24/2021 07/24/21 For Sale $1,790,000 -- $906 / 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 $23,524 $1,931,397 $1,156,716 $774,681
2024 $23,524 $1,893,528 $1,134,036 $759,492
2023 $23,030 $1,856,400 $1,111,800 $744,600
2022 $22,501 $1,820,000 $1,090,000 $730,000
2021 $15,516 $1,213,060 $1,019,903 $193,157
2019 $15,071 $1,177,082 $989,653 $187,429
2018 $14,643 $1,154,003 $970,249 $183,754
2016 $13,584 $1,109,193 $932,574 $176,619
2015 $13,361 $1,092,533 $918,566 $173,967
2014 $13,193 $1,071,133 $900,573 $170,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21162280

California Regional Multiple Listing Service (CRMLS)

APN: 5319-037-009