NOT LISTED FOR SALE

2373 E Villa St Pasadena, CA 91107

Casa Grande Neighborhood

Estimated Value: $1,179,000 - $1,497,479

5 Beds
2 Baths
1,994 Sq Ft
$672/Sq Ft Est. Value

Last Sold July 08, 2019

Last sale price $900,000 $451 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $7,962/month

136 Days on Market

Highlights

  • All Bedrooms Downstairs
  • View of Hills
  • Private Yard
  • Pasadena High School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of July 2019

Spectacular opportunity for an owner-user or investor to own a great duplex in one of Pasadena's best locations. Two separate homes on lot, the front unit is 1,254 sq. Ft with three bedrooms one bath, large living room, dining room, full kitchen, and service porch with washer and dryer hook up. The rear unit is 743 sq. Ft with two bedrooms one bath, living room, dining room, full kitchen, with attached garage. Both units have separate central A/C systems, separate laundry. There are separate gas and electricity meters and shared water and trash. Long driveway with ample parking space. Excellent positive cash flow property! Projected rent income front unit $3,000.00 rent back unit $2,500.00 or $5,500.00 total monthly rent. Excellent investment opportunity, do not let this chance to own a great bread and butter investment property slip through your fingers. Property is situated just minutes away from Old Town Pasadena, restaurants & coffee shops, parks, The Rose Bowl, JPL, Pasadena City College, Metro Gold Line and 210 freeway. Don’t miss this fantastic opportunity! This Property to be sold in AS-IS Condition. Buyer to verify all information. Buyer to be responsible for any inspection reports.

Last Agent to Sell the Property

PABLO GONZALEZ JR

FUSION ONE REALTY License #01804998 Listed on: 01/06/2019

Last Buyer's Agent

PABLO GONZALEZ JR

FUSION ONE REALTY License #01804998 Listed on: 01/06/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 6,749 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Front Yard Sprinklers
  • Private Yard

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,994 Sq Ft Home
  • Living Room
  • Views of Hills

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 8825
  • Assessor Parcel Number 5744020009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $720
  • Water Sewer Expense $1,200
  • New Taxes Expense $10,500
  • Operating Expense $1,920
  • Gross Income $64,800
  • Net Operating Income $54,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5744020009
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Levels: One
  • Price Per Square Foot: 451.35
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • View: Hills
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Gas Dryer Hookup, Outside
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Sprinklers In Front, Yard
  • Lot Size Sq Ft: 6749.00
  • Lot Size Acres: 0.1549

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 64800.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6749.0000 Square Feet
  • Net Operating Income: 54800.00
  • 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
  • Operating Expense: 10800.00
  • Rent Control: No
  • Total Actual Rent: 5000.00
  • Total Expenses: 1920.00

Tax Info

  • New Taxes Expense: 10500.00
  • Tax Lot: 10
  • Tax Tract Number: 8825

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2019
Closed on
Jun 28, 2019
Sold by
Acosta Ricardo
Bought by
Keushguerian Christine Michelle
Seller's Agent
PABLO GONZALEZ JR
FUSION ONE REALTY
Buyer's Agent
PABLO GONZALEZ JR
FUSION ONE REALTY
List Price
$930,000
Sold Price
$900,000
Premium/Discount to List
-$30,000
-3.23%
Current Estimated Value
$1,340,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$440,370
Avg. Annual Appreciation
6.34%
Original Mortgage
$620,000
Outstanding Balance
$544,026
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$796,344

Purchase Details

Closed on
Feb 27, 2006
Sold by
Tzoc Griselda Elizabet Soto
Bought by
Ramirez Angel Nery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.04%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 9, 2005
Sold by
Tzoc Griselda Elizabet Soto
Bought by
Ramirez Angel Nery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,000
Interest Rate
5.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2003
Sold by
Reyes Miriam Elizabeth
Bought by
Ramirez Angel Nery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 2001
Sold by
Sobol Claudia and Sargisian Mary
Bought by
Ramirez Angel Nery and Reyes Miriam Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,650
Interest Rate
6.84%

Purchase Details

Closed on
Nov 28, 2000
Sold by
Kivork Sarkis
Bought by
Sargisian Mary and Sobol Claudia

Purchase Details

Closed on
Jul 16, 1999
Sold by
Kivork Sarkis
Bought by
Freeman Joyce G
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
Keushguerian Christine Michelle -- Orange Coast Title
Keushguerian Annie Kahwajian $900,000 Orange Coast Title Company
Ramirez Angel Nery -- Lawyers Title
Ramirez Angel Nery -- United Title Company La
Ramirez Angel Nery -- Gateway Title Company
Ramirez Angel Nery -- Gateway Title Company
Ramirez Angel Nery $267,000 Lawyers Title Company
Sargisian Mary $250,000 --
Freeman Joyce G $100,728 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keushguerian Christine Michelle $620,000
Previous Owner Ramirez Angel Nery $150,000
Previous Owner Ramirez Angel Nery $353,000
Previous Owner Ramirez Angel Nery $304,000
Previous Owner Ramirez Angel Nery $253,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2019 07/08/19 Sold $900,000 -2.2% $451 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
04/29/2019 04/29/19 Price Changed $920,000 -1.1% $461 / Sq Ft
04/03/2019 04/03/19 For Sale $930,000 0.0% $466 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
03/02/2019 03/02/19 Price Changed $930,000 -3.1% $466 / Sq Ft
01/28/2019 01/28/19 Price Changed $960,000 -2.0% $481 / Sq Ft
01/06/2019 01/06/19 For Sale $980,000 -- $491 / 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 $11,272 $993,188 $590,566 $402,622
2024 $11,272 $973,715 $578,987 $394,728
2023 $11,178 $954,624 $567,635 $386,989
2022 $10,793 $935,906 $556,505 $379,401
2021 $10,266 $909,323 $545,594 $363,729
2020 $9,856 $900,500 $540,000 $360,500
2019 $5,446 $462,783 $316,988 $145,795
2018 $5,472 $453,720 $310,773 $142,947
2016 $5,279 $435,622 $298,706 $136,916
2015 $5,221 $429,080 $294,220 $134,860
2014 $5,123 $420,676 $288,457 $132,219
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    PABLO GONZALEZ JR

    FUSION ONE REALTY

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19004077

California Regional Multiple Listing Service (CRMLS)

APN: 5744-020-009

California Los Angeles County Pasadena 91107 Casa Grande

2373 E Villa St, Pasadena, CA

Not Listed for Sale

MultiFamily

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