NOT LISTED FOR SALE

2141 Lake Ave Altadena, CA 91001

Estimated Value: $1,126,214

3 Beds
1 Bath
1,720 Sq Ft
$655/Sq Ft Est. Value

Last Sold December 13, 2018

Last sale price $725,000 $422 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,718/month

13 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 1-Story Property

About This Home

As of December 2018

Calling all investors! Mixed use property on a flat 8128 sq ft C3 lot. Prime location on Lake Ave with LACC3 zoning which allows for many development options. See attached supplements for details. Current structure is configured with store front space of approximately 948 sq ft and attached 3 bedroom and 1 bath residence of approximately 772 sq ft in the rear. Also included is a billboard lease which automatically renews every 5 years. Great location on a major street within close proximity to major shopping, schools, recreational activities and transportation. Don’t miss this opportunity.

Last Agent to Sell the Property

Pam Woods

MAINSTREET REALTORS License #01839509 Listed on: 06/01/2018

MAINSTREET REALTORS

Last Buyer's Agent

Ralph Gorgoglione

Metro Life Homes License #01708344

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,128 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Home Design

  • Property Attached

Interior Spaces

  • 1,720 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Utilities

  • Private Water Source

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 6162
  • Assessor Parcel Number 5845023022

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: LCC3*
  • Property Type: Residential Income
  • Parcel Number: 5845023022
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 421.51

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 8128.00
  • Lot Size Acres: 0.1866

Multi Family

  • Lot Size Area: 8128.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4611.00
  • Tax Lot: 39
  • Tax Tract Number: 6162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2020
Sold by
Marsot Vanessa
Bought by
Marjiya Bassam
Current Estimated Value
$1,126,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$671,000
Outstanding Balance
$592,993
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$533,221

Purchase Details

Closed on
Jun 22, 2018
Sold by
Ewr Investment Corp
Bought by
Marsot Vanessa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
6.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 14, 2015
Closed on
Apr 20, 2015
Sold by
Shepherd Richard Steven and The Richard Steven Shepherd Li
Bought by
Ewr Investment Corp
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Pam Woods
MAINSTREET REALTORS
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%

Purchase Details

Closed on
Oct 9, 2014
Sold by
Davis David C
Bought by
Shepherd Richard Steven and Richard Steven Shepherd Living

Purchase Details

Closed on
Sep 22, 2013
Sold by
Davis David Clark
Bought by
Davis David Clark and Davis Elouise Boston

Purchase Details

Closed on
Oct 11, 2007
Sold by
Davis Elouise
Bought by
Davis David C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,500
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 1996
Sold by
Mcclendon William and Mcclendon Mary L
Bought by
Mcclendon William and Mcclendon Mary L
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
Marjiya Bassam $790,000 Lawyers Title
Marsot Vanessa $725,000 Pacific Coast Title Company
Ewr Investment Corp $550,000 Title 365
Shepherd Richard Steven $403,070 Accommodation
Davis David Clark -- None Available
Davis David C -- Transunion Title Company
Davis David C $591,000 Transunion Title Company
Mcclendon William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marjiya Bassam $671,000
Previous Owner Marsot Vanessa $435,000
Previous Owner Davis David C $357,500
Previous Owner Davis David C $21,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2018 12/13/18 Sold $725,000 0.0% $422 / Sq Ft
12/07/2018 12/07/18 For Sale $725,000 0.0% $422 / Sq Ft
06/14/2018 06/14/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $725,000 +31.8% $422 / Sq Ft
05/12/2015 05/12/15 Sold $550,000 -8.2% $320 / Sq Ft View Prior Sale
04/20/2015 04/20/15 Pending -- -- --
04/14/2015 04/14/15 For Sale $599,000 -- $348 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,439 $457,327 $457,327 --
2024 $10,439 $838,354 $689,785 $148,569
2023 $10,346 $821,916 $676,260 $145,656
2022 $9,998 $805,800 $663,000 $142,800
2021 $9,437 $790,000 $650,000 $140,000
2020 $8,642 $739,500 $571,200 $168,300
2019 $8,655 $725,000 $560,000 $165,000
2018 $7,061 $580,944 $454,193 $126,751
2016 $6,843 $558,387 $436,557 $121,830
2015 $5,758 $460,000 $360,000 $100,000
2014 $7,689 $633,255 $428,600 $204,655
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18131403

California Regional Multiple Listing Service (CRMLS)

APN: 5845-023-022

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