NOT LISTED FOR SALE

228 Backus Ave Pasadena, CA 91107

East Pasadena Neighborhood

Estimated Value: $1,021,000 - $1,316,165

4 Beds
2 Baths
1,510 Sq Ft
$800/Sq Ft Est. Value

Last Sold January 20, 2016

Last sale price $744,000 $493 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $7,193/month

9 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Double Pane Windows
  • Pasadena High School Rated A
  • Lawn
  • Crown Molding

About This Home

As of January 2016

Excellent investment opportunity! Two separate units on a lot in East Pasadena. Both units are 2 Bed / 1 Bath and feature copper plumbing, dual pane windows, hardwood floors, separate yards, and upgraded kitchens and bathrooms. Each has it's own address, parking, washer/dryer, and utilities - only water is shared. The Del Mar Home is approx. 980sf and the Backus house is approx. 530sf.

Last Agent to Sell the Property

Pamela Hester

Hester Realty License #01511797 Listed on: 11/20/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,838 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Spanish Architecture
  • Entry on the 1st floor
  • Combination Foundation
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,510 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Double Pane Windows
  • Family Room with Fireplace
  • Wood Flooring

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Gas Water Heater
  • Sewer Paid
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 18
  • Tax Tract Number 201
  • Assessor Parcel Number 5755008011

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $900
  • Maintenance Expense $800
  • Pest Control $480
  • Water Sewer Expense $2,160
  • New Taxes Expense $5,100
  • Gross Income $3,800
  • Net Operating Income $35,380

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Inclusions: Stoves, hoods (incl. microwave hood), ranges, dishwashers, wall heaters, and any wall mounted A/C units in both units.
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 2160.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 5755008011
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Copper Plumbing Full
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 492.72
  • Room Type: Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Combination
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Baseboard
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Pest Control Expense: 480.00
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Street Lights, Storm Drains, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Front Yard, Lawn, Landscaped
  • Lot Size Sq Ft: 5838.00
  • Price Per Lot Square Foot: 127.44
  • Lot Size Acres: 0.1340

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 3800.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 900.00
  • Lot Size Area: 5838.0000 Square Feet
  • Maintenance Expense: 800.00
  • Net Operating Income: 35380.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 10220.00
  • Rent Control: No
  • Total Actual Rent: 3800.00

Tax Info

  • New Taxes Expense: 5100.00
  • Tax Lot: 18
  • Tax Tract Number: 201

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2015
Closed on
Dec 8, 2015
Sold by
Hester Jacob A and Hester Pamela L
Bought by
Lee Tim Chao
Seller's Agent
Pamela Hester
Hester Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$749,000
Sold Price
$744,000
Premium/Discount to List
-$5,000
-0.67%
Current Estimated Value
$1,208,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$464,041
Avg. Annual Appreciation
5.00%
Original Mortgage
$635,896
Outstanding Balance
$503,387
Interest Rate
3.9%
Mortgage Type
FHA
Estimated Equity
$704,654

Purchase Details

Closed on
Feb 13, 2012
Sold by
Hester Jacob A and Hester Pamela L
Bought by
Hester Jacob A and Hester Pamela L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,045
Interest Rate
3.84%
Mortgage Type
VA

Purchase Details

Closed on
Jan 26, 2006
Sold by
Costantino Nicholas John and Costantino Rebecca Jeanne
Bought by
Hester Jacob and Hester Pamela

Purchase Details

Closed on
Feb 4, 2004
Sold by
Fajardo Numeriano D and Fajardo Julia Y
Bought by
Hester Jacob and Hester Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lee Tim Chao $744,000 First American Title
Hester Jacob A -- First American Title Company
Hester Jacob -- None Available
Hester Jacob $385,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Tim Chao $635,896
Previous Owner Hester Jacob A $501,045
Previous Owner Hester Jacob $308,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2016 01/20/16 Sold $744,000 -0.7% $493 / Sq Ft
11/29/2015 11/29/15 Pending -- -- --
11/20/2015 11/20/15 For Sale $749,000 -- $496 / 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 $10,356 $880,738 $615,572 $265,166
2024 $10,356 $863,469 $603,502 $259,967
2023 $10,096 $846,539 $591,669 $254,870
2022 $9,752 $829,941 $580,068 $249,873
2021 $9,360 $813,669 $568,695 $244,974
2020 $8,993 $805,327 $562,864 $242,463
2019 $9,014 $789,537 $551,828 $237,709
2018 $9,159 $774,057 $541,008 $233,049
2016 $5,731 $462,391 $263,022 $199,369
2015 $5,668 $455,447 $259,072 $196,375
2014 $5,481 $446,527 $253,998 $192,529
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Pamela Hester

    Hester Realty

    Section Image

  • N

    Buyer's Agent in 2016

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,161 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15250154

California Regional Multiple Listing Service (CRMLS)

APN: 5755-008-011

California Los Angeles County Pasadena 91107 East Pasadena

228 Backus Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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