NOT LISTED FOR SALE

Estimated Value: $1,700,000 - $2,054,462

8 Beds
5 Baths
3,517 Sq Ft
$534/Sq Ft Est. Value

Last Sold July 12, 2016

Last sale price $1,210,000 $344 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $11,176/month

104 Days on Market

Highlights

  • Attached Carport
  • Laundry Facilities
  • 1-Story Property
  • Pasadena High School Rated A
  • Gated Home

About This Home

As of July 2016

Well maintained Bread and Butter 5 unit property with excellent rental history and good upside in rents. Fully occupied, gated and secured. New roof was added 4 years ago and two of the units have had some upgrades in the past few years. Lots of room for upside and higher rents with some interior renovations. Plenty of parking and very centrally located to Pasadena College, and the 210 freeway. Current rent roll includes as small rental increase that will be effective May 1.

Last Agent to Sell the Property

David Moskowitz

Keller Williams World Media Cn License #01372552 Listed on: 02/11/2016

Keller Williams World Media Cn

Co-Listed By

Tannaz Rahbar

Real Estate Source, Inc. License #00951232

Last Buyer's Agent

Chris Ramos

eXp Realty of Greater Los Angeles License #01949930

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 8,305 Sq Ft Lot
  • Gated Home

Interior Spaces

  • 3,517 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Attached Carport
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5746-024-012

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3517
  • Probate: No
  • Stories: 1
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: Community
  • Total Bathrooms: 5.00
  • Equipment: Cable, Dryer, Washer
  • Price Per S Q F T: 353.99

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Above Street Level, Carport Attached, Covered Parking
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)
  • Security: Gated

Fee Information

  • Trash Expense: 600.00

Lot Info

  • Assessed Improvement Value: 181129
  • Assessed Land Value: 90558
  • Assessor Parcel Number: 5746-024-012
  • Geocode Override: No
  • Lot Size Area: 8305

Rental Info

  • Total Actual Rent: 78000.00
  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.87
  • Number Of Units: 5
  • Type Of Units: 1&2 Bedroom

Tax Info

  • Tax Expense: 16188.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2016
Closed on
Jun 21, 2016
Sold by
Fierro Ellen
Bought by
Fierro George R
Seller's Agent
David Moskowitz
Keller Williams World Media Cn
Buyer's Agent
Chris Ramos
eXp Realty of Greater Los Angeles
List Price
$1,400,000
Sold Price
$1,210,000
Premium/Discount to List
-$190,000
-13.57%
Current Estimated Value
$1,877,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$667,231
Avg. Annual Appreciation
4.75%
Original Mortgage
$650,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 11, 2016
Closed on
May 20, 2016
Sold by
Ayvazian Harry K
Bought by
Fierro George R
Seller's Agent
David Moskowitz
Keller Williams World Media Cn
Buyer's Agent
Chris Ramos
eXp Realty of Greater Los Angeles
List Price
$1,400,000
Sold Price
$1,210,000
Premium/Discount to List
-$190,000
-13.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2011
Sold by
Ayvazian Levon K
Bought by
Ayvazian Harry K
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
Fierro George R -- First American Title Company
Fierro George R $1,210,000 Fatcola
Ayvazian Harry K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fierro George R $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2016 07/12/16 Sold $1,210,000 -2.8% $344 / Sq Ft
05/03/2016 05/03/16 Price Changed $1,245,000 -11.1% $354 / Sq Ft
02/11/2016 02/11/16 For Sale $1,400,000 -- $398 / Sq Ft
Source: The MLS

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 $16,089 $1,404,305 $765,985 $638,320
2024 $16,089 $1,376,770 $750,966 $625,804
2023 $15,952 $1,349,776 $736,242 $613,534
2022 $15,402 $1,323,310 $721,806 $601,504
2021 $14,767 $1,297,363 $707,653 $589,710
2020 $14,180 $1,284,061 $700,397 $583,664
2019 $14,220 $1,258,884 $686,664 $572,220
2018 $14,398 $1,234,200 $673,200 $561,000
2016 $3,747 $275,830 $91,939 $183,891
2015 $3,705 $271,687 $90,558 $181,129
2014 $3,670 $266,366 $88,785 $177,581
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-980769

The MLS

APN: 5746-024-012