NOT LISTED FOR SALE

2055 Santa Rosa Ave Altadena, CA 91001

5 Beds
3 Baths
8,644 Sq Ft
0.48 Acres

Last Sold May 14, 2020

Last sale price $3,125,000 $362 Per Sq Ft

135 Days on Market

Highlights

  • 0.48 Acre Lot
  • Laundry Room
  • Level Lot
  • John Muir High School Rated A-
  • 10 Car Garage

About This Home

As of May 2020

The Santa Rosa Apartments is a 10-unit apartment building located on Santa Rosa Avenue in Altadena. The units are an ideal mix of 2 - 1 bed/1 bath units & 8 - 2 bed/1 bath units. The subject property has not been on the market in 41 years and is located on "Christmas Tree Lane".

DRIVE BY ONLY. DO NOT GO ON PROPERTY WITHOUT LISTING AGENT. TENANT DO NOT KNOW THE PROPERTY IS FOR SALE

Last Agent to Sell the Property

Kevin Lutz

Keller Williams Realty/Pasadena License #00925595 Listed on: 10/14/2019

Keller Williams Realty/Pasadena

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 0.48 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 10 Car Garage
  • Parking Available

Home Design

  • 8,644 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 8800
  • Assessor Parcel Number 5839025003

Community Details

Overview

  • 3 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 14 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,700
  • Fuel Expense $515
  • Gardener Expense $2,100
  • Insurance Expense $2,933
  • Trash Expense $2,485
  • Water Sewer Expense $65,093
  • New Taxes Expense $37,441
  • Operating Expense $73,393
  • Gross Income $226,488
  • Net Operating Income $146,301

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

10

Listing Details

  • CapRate: 4.32
  • Property Attached: Yes
  • Water Sewer Expenses: 65093.00
  • Zoning: LCR305
  • Property Type: Residential Income
  • Gardener Expense: 2100.00
  • Parcel Number: 5839025003
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 361.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2485.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 20896.00
  • Lot Size Acres: 0.4797

Multi Family

  • Average1 Bed Area: 690 Square Feet
  • Average2 Bed Area: 835 Square Feet
  • Electric Expense: 1700.00
  • Fuel Expense: 515.00
  • Gross Income: 226488.00
  • Gross Multiplier: 14.95
  • Gross Operating Income: 219693.00
  • Gross Scheduled Income: 226488.00
  • Insurance Expense: 2933.00
  • Lot Size Area: 20896.0000 Square Feet
  • Maintenance Percent: 7.00
  • Net Operating Income: 146301.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 73393.00
  • Operating Expense Percent: 32.00
  • Rent Control: Yes
  • Total Expenses: 73393.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 37441.00
  • Tax Census Tract: 4611.00
  • Tax Lot: 9
  • Tax Tract Number: 8800

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2020 05/14/20 Sold $3,125,000 -7.7% $362 / Sq Ft
03/02/2020 03/02/20 For Sale $3,385,000 +8.3% $392 / Sq Ft
02/28/2020 02/28/20 Off Market $3,125,000 -- --
02/26/2020 02/26/20 Pending -- -- --
01/13/2020 01/13/20 For Sale $3,385,000 +8.3% $392 / Sq Ft
01/13/2020 01/13/20 Off Market $3,125,000 -- --
11/25/2019 11/25/19 Price Changed $3,385,000 -5.6% $392 / Sq Ft
10/14/2019 10/14/19 For Sale $3,585,000 -- $415 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin Lutz

    Seller's Agent in 2020

    Kevin Lutz

    Keller Williams Realty/Pasadena

    (626) 429-0685

    22 Total Sales

    Kevin Lutz
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS19243103

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Altadena 91001

2055 Santa Rosa Ave, Altadena, CA

This home is located at 2055 Santa Rosa Ave, Altadena, CA 91001 since 14 October 2019. This property was built in 1953. 2055 Santa Rosa Ave is a home located in Los Angeles County with nearby schools including Altadena Arts Magnet Elementary, Charles W. Eliot Arts Magnet Academy, and John Muir High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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