NOT LISTED FOR SALE

Estimated Value: $1,860,000 - $2,548,000

3 Beds
2 Baths
1,816 Sq Ft
$1,247/Sq Ft Est. Value

Last Sold March 11, 2022

Last sale price $1,850,000 $1,019 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $14,249/month

55 Days on Market

Highlights

  • Craftsman Architecture
  • Built-In Features
  • Living Room
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of March 2022

This property presents an extremely rare opportunity to acquire an 11,010 SF lot with an existing duplex, in the heart of Pasadena's South Lake Avenue business district. South Lake is known for its major office plazas, dining, and shopping options, all of which are steps away from the property. In addition, the site is ideally located just blocks from the California Institute of Technology (Caltech), and not far from other Pasadena districts such as the Playhouse District and Old Town Pasadena. The front unit (230) abounds with early 1900's character and craftsman details such as a welcoming front porch & wood siding, hardwood floors, crown moulding, and built-in features in both the living room and dining room. The adjacent kitchen leads into a large laundry room with washer/dryer hookup and laundry sink. Both bedrooms are large and are connected by a full bathroom with a shower over tub. The back unit (228) has one bed, one bath, and a large back patio area and is currently tenant occupied. The oversized yard features room for at least 4 cars, an open patio, garden boxes, shed & garage (used for storage by owner) & an abundance of open space that is only limited by your imagination. This incredible opportunity won't last long!

Last Agent to Sell the Property

David Knight

Keller Williams Realty License #01829234 Listed on: 01/05/2022

Keller Williams Realty

Last Buyer's Agent

David Knight

Keller Williams Realty License #01829234 Listed on: 01/05/2022

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1906

Lot Details

  • 11,010 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Block Wall Fence
  • No Sprinklers

Home Design

  • Craftsman Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,816 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Drapes & Rods
  • Blinds
  • Living Room
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 463
  • Assessor Parcel Number 5735028003

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,440
  • Insurance Expense $672
  • Water Sewer Expense $3,360
  • Operating Expense $5,472
  • Net Operating Income $16,128

Property Details

Home Type

Multi-Family

Year Built

Built in 1906

Lot Details

0.25 Acres

Listing Details

  • Assessments: No
  • Inclusions: Stove, dishwasher, any appliances owned by landlord
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 3360.00
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 5735028003
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood, Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 1101.32
  • Room Type: Living Room, Laundry, Kitchen
  • Window Features: Drapes, Blinds

Exterior Features

  • Direction Faces: West
  • Other Structures: Shed(s)
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space, Driveway, Off Street
  • Total Parking Spaces: 4.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 11010.00
  • Lot Size Acres: 0.2528

Multi Family

  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 672.00
  • Lot Size Area: 11010.0000 Square Feet
  • Net Operating Income: 16128.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 5472.00
  • Rent Control: No
  • Total Expenses: 5472.00

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 463...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2023
Sold by
Dexter Mentor Llc
Bought by
228 S Mentor Ave Llc
Current Estimated Value
$2,263,773

Purchase Details

Listed on
Jan 5, 2022
Closed on
Mar 8, 2022
Sold by
Darlene A Besocke Trust
Bought by
Dexter Mentor Llc
Seller's Agent
David Knight
Keller Williams Realty
Buyer's Agent
David Knight
Keller Williams Realty
List Price
$2,000,000
Sold Price
$1,850,000
Premium/Discount to List
-$150,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.12%

Purchase Details

Closed on
Mar 24, 2009
Sold by
Besocke Darlene A and Besocke Mark Ryan
Bought by
Besocke Darlene A and Besocke Mark Ryan

Purchase Details

Closed on
Apr 10, 2002
Sold by
Besocke Winston A and Besocke Darlene Alvord
Bought by
Besocke Winston A and Besocke Darlene A
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
228 S Mentor Ave Llc $2,510,000 Stewart Title Company
Dexter Mentor Llc $1,850,000 Stewart Title Company
Besocke Darlene A -- None Available
Besocke Darlene A -- None Available
Besocke Winston A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2022 03/11/22 Sold $1,850,000 -7.5% $1,019 / Sq Ft
01/05/2022 01/05/22 For Sale $2,000,000 -- $1,101 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $28,108 $2,560,200 $2,305,200 $255,000
2024 $28,108 $2,510,000 $2,260,000 $250,000
2023 $21,518 $1,887,000 $1,326,000 $561,000
2022 $2,441 $168,429 $128,625 $39,804
2021 $2,342 $165,127 $126,103 $39,024
2020 $2,265 $163,434 $124,810 $38,624
2019 $2,267 $160,230 $122,363 $37,867
2018 $2,225 $157,089 $119,964 $37,125
2016 $2,124 $150,991 $115,306 $35,685
2015 $2,099 $148,723 $113,574 $35,149
2014 $2,077 $145,811 $111,350 $34,461
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-7836

Pasadena-Foothills Association of REALTORS®

APN: 5735-028-003

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