NOT LISTED FOR SALE

Estimated Value: $1,223,000 - $1,516,587

9 Beds
8 Baths
4,336 Sq Ft
$318/Sq Ft Est. Value

Last Sold September 12, 2015

Last sale price $945,000 $218 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $9,381/month

13 Days on Market

Highlights

  • Wood Flooring
  • Gas Fireplace
  • 2-minute walk to La Verne Sports Park
  • J. Marion Roynon Elementary School Rated A-

About This Home

As of September 2015

Excellent 4-unit owner/user or rental units. Upside on rents. Clean property with three remodeled units. 4th unit has new oven and gas range and is in good condition. Exterior paint is brand new. One 3-bedroom unit and three 2-bedroom untis. The 3-bedroom unit has hardwood floors throughout, central air conditioning, fireplace, and remodeled kitchen. Each unit has a detached garage to the rear alley. Common laundry room on property. Master water heater in laundry room supplies hot water to all units. Tenants pay own gas, electricity and cable.

Last Agent to Sell the Property

Serineh Baghdasarian

Serineh Baghdasarian, Broker License #01804929 Listed on: 07/23/2015

Last Buyer's Agent

PFNon-Member Default

ITECH MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,385

Year Built

  • Built in 1965

Lot Details

  • 8,302 Sq Ft Lot

Home Design

  • Property Attached

Interior Spaces

  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas and Electric Range
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, gas, electricity
  • Assessor Parcel Number 8375031007

Community Details

Overview

  • 8 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,760
  • Fuel Expense $1,680
  • Gardener Expense $600
  • Insurance Expense $1,450
  • Maintenance Expense $2,400
  • Trash Expense $816
  • Gross Income $63,120
  • Net Operating Income $44,414

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,385

Year Built

Built in 1965

Lot Details

0

Listing Details

  • CapRate: 4.75
  • Property Attached: Yes
  • View: No
  • Zoning: LVPR15A*
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8375031007
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Flooring: Carpet, Wood, Laminate
  • Appliances: Yes
  • Fireplace Features: Gas, Living Room
  • Levels: One
  • Price Per Square Foot: 217.94

Exterior Features

  • Pool Private: No
  • Spa: No

Utilities

  • Appliances: Dishwasher, Oven, Disposal, Range Hood, Gas Oven, Gas & Electric Range
  • Trash Expense: 816.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8302.00
  • Lot Size Acres: 0.1906

Rental Info

  • Tenant Pays: Cable TV, Gas, Electricity

Multi Family

  • Electric Expense: 2760.00
  • Fuel Expense: 1680.00
  • Gross Income: 63120.00
  • Gross Scheduled Income: 65100.00
  • Insurance Expense: 1450.00
  • Laundry Income: 600.00
  • Lot Size Area: 8302.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 44414.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 8
  • Operating Expense: 18706.00
  • Vacancy Allowance: 3

Tax Info

  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2016
Sold by
Quach Andy Quang Duc
Bought by
Connaught Development Llc
Current Estimated Value
$1,509,889

Purchase Details

Listed on
Jul 23, 2015
Closed on
Aug 5, 2015
Sold by
Harutounia Destrik
Bought by
Quach Andy Quang Duc and Kwong Ada Wing Kwan
Seller's Agent
Serineh Baghdasarian
Serineh Baghdasarian, Broker
Buyer's Agent
PFNon-Member Default
ITECH MLS
List Price
$945,000
Sold Price
$945,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2012
Sold by
Baghdasarian Arsineh
Bought by
Harutounia Destrik and Aida Harutounian Trust

Purchase Details

Closed on
May 19, 2011
Sold by
Baghdasarian Arsineh and Baghdasarian Vaheh
Bought by
Baghdasarian Arsineh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2007
Sold by
Baghdasarian Vaheh and Baghdasarian Anahid
Bought by
Baghdasarian Vaheh

Purchase Details

Closed on
Apr 24, 2007
Sold by
Roberts John C and Donald Colter Roberts 1989 Tru
Bought by
Baghdasarian Arsineh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,750
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 2005
Sold by
Roberts Donald Colter and Robe Barbara
Bought by
Roberts John C
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
Connaught Development Llc -- Accommodation
Quach Andy Quang Duc $945,000 Fatcola
Harutounia Destrik -- Accommodation
Baghdasarian Arsineh -- Lsi Title Company
Baghdasarian Vaheh -- None Available
Baghdasarian Arsineh $785,000 Investors Title Company
Schenold Bernadette -- None Available
Roberts John C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quach Andy Quang Duc $472,500
Previous Owner Baghdasarian Arsineh $590,000
Previous Owner Baghdasarian Arsineh $588,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2015 09/12/15 Sold $945,000 0.0% $218 / Sq Ft
08/05/2015 08/05/15 Pending -- -- --
07/23/2015 07/23/15 For Sale $945,000 -- $218 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $13,385 $1,118,683 $591,896 $526,787
2024 $13,385 $1,096,749 $580,291 $516,458
2023 $13,092 $1,075,245 $568,913 $506,332
2022 $12,878 $1,054,162 $557,758 $496,404
2021 $12,627 $1,033,493 $546,822 $486,671
2019 $12,379 $1,002,841 $530,604 $472,237
2018 $11,789 $983,178 $520,200 $462,978
2016 $11,339 $945,000 $500,000 $445,000
2015 $10,487 $870,799 $538,010 $332,789
2014 $9,339 $760,000 $356,000 $404,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-315007373

Pasadena-Foothills Association of REALTORS®

APN: 8375-031-007