NOT LISTED FOR SALE

Estimated Value: $1,371,000 - $2,070,093

7 Beds
4 Baths
3,207 Sq Ft
$542/Sq Ft Est. Value

Last Sold January 29, 2020

Last sale price $1,275,000 $398 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $10,405/month

13 Days on Market

Highlights

  • No Units Above
  • RV Access or Parking
  • Property is near a park
  • Pasadena High School Rated A
  • Peek-A-Boo Views
  • Corner Lot

About This Home

As of January 2020

Phenomenal opportunity to own a beautifully remodeled cottage with detached income property in a great neighborhood! The main residence (501 Carmelo) has been transformed with a brand new kitchen and baths, all new windows, sliding glass door and screens, newly refinished original hardwood floors, new plank flooring in the kitchen and up the stairs and in the upstairs bonus/bedroom, new privacy hedge surrounding the property and new landscaping, sprinklers and drip lines installed in the yards, new gates, and refreshed fencing, new lighting throughout, new knobs and hardware throughout, freshly painted with crown moulding, and more! There is a California basement as well as a plethora of storage and closets around the house. The detached units (499 Carmelo and 2405 E Villa) are unique in that they look completely different and are separated from the main residence. 499 Carmelo currently is an updated 3 bedroom, 1 bath with a back yard and patio, separate laundry room and has long-term tenants (paying healthy rent) who would love to stay. The front and back yards were landscaped with drip lines and sprinklers and white vinyl fencing. The adjacent unit at 2405 is presently configured as a small commercial office, although the 3rd bedroom of 499 could be taken back as part of this space to become a one-bedroom or open space commercial unit. The parking area along Villa is freshly paved with gravel and a privacy hedge will soon grow tall, giving a lovely green-gated element.

Last Agent to Sell the Property

Fleming Trainor

Sotheby's International Realty License #01810650 Listed on: 12/17/2019

Sotheby's International Realty

Last Buyer's Agent

Colt Maloney

Figure 8 Realty License #01952570

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 6,783 Sq Ft Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • South Facing Home
  • Drip System Landscaping
  • Corner Lot
  • Sprinkler System
  • Private Yard
  • Front Yard
  • Density is 2-5 Units/Acre

Property Views

  • Peek-A-Boo
  • Mountain
  • Neighborhood

Home Design

  • Triplex

Interior Spaces

  • 3,207 Sq Ft Home
  • 2-Story Property
  • Alarm System

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 3 Parking Spaces
  • 1 Carport Space
  • Gravel Driveway
  • Paved Parking
  • On-Street Parking
  • Parking Lot
  • RV Access or Parking

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for parking fee
  • Legal Lot and Block 14 / B
  • Tax Tract Number 8825
  • Assessor Parcel Number 5744020013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $29,700
  • Net Operating Income $29,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Wired for Alarm System
  • View: Yes
  • Zoning: PSC6
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5744020013
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Levels: One, Two
  • Price Per Square Foot: 397.57

Exterior Features

  • Direction Faces: South
  • View: Mountain(s), Neighborhood, Peek-A-Boo
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking Features: Carport, Driveway, Concrete, Gravel, Parking Space, RV Access/Parking, RV Potential, Street
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace, Forced Air, ENERGY STAR Qualified Equipment
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Front Yard, Landscaped, Near Public Transit, Park Nearby, Sprinkler System, Sprinklers Drip System, Yard
  • Lot Size Sq Ft: 6783.00
  • Lot Size Acres: 0.1557

Rental Info

  • Tenant Pays: Parking Fee

Multi Family

  • Average1 Bed Area: 400 Square Feet
  • Average2 Bed Area: 1221 Square Feet
  • Average3 Bed Area: 1835 Square Feet
  • Average Studio Area: 151 Square Feet
  • Gross Income: 29700.00
  • Gross Scheduled Income: 31200.00
  • Lot Size Area: 6783.0000 Square Feet
  • Net Operating Income: 29700.00
  • 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: 3
  • Operating Expense: 1500.00
  • Other Income Description: Income only from 499 Carmelo
  • Rent Control: No
  • Total Actual Rent: 2600.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 4628.00
  • Tax Lot: 14
  • Tax Tract Number: 8825

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2019
Closed on
Jan 21, 2020
Sold by
Aguillon Steve and Adsas Family Trust
Bought by
Tien Lin
Seller's Agent
Fleming Trainor
Sotheby's International Realty
Buyer's Agent
Colt Maloney
Figure 8 Realty
List Price
$1,098,000
Sold Price
$1,275,000
Premium/Discount to List
$177,000
16.12%
Current Estimated Value
$1,738,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$463,523
Avg. Annual Appreciation
5.39%
Original Mortgage
$1,020,000
Outstanding Balance
$902,945
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$835,578

Purchase Details

Closed on
Dec 28, 2012
Sold by
Adsas Flp
Bought by
Adsas Family Trust

Purchase Details

Closed on
Jun 8, 2006
Sold by
Aguillon Steve
Bought by
The Adsas Flp

Purchase Details

Closed on
Mar 14, 2006
Sold by
Moore Eugene W and The Eugene W Moore Revocable L
Bought by
Aguillon Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 4, 2004
Sold by
Moore Eugene W
Bought by
Moore Eugene W and The Eugene W Moore Revocable L

Purchase Details

Closed on
Jun 18, 2001
Sold by
Armand Miki and Leiren Anna
Bought by
Moore Eugene W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.19%
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
Tien Lin $1,275,000 North American Title Company
Aguillon Steve -- North American Title Company
Adsas Family Trust -- None Available
The Adsas Flp -- None Available
Aguillon Steve $730,000 First Amer Title Co Of La
Moore Eugene W -- --
Moore Eugene W $285,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tien Lin $1,020,000
Previous Owner Aguillon Steve $584,000
Previous Owner Moore Eugene W $228,000
Closed Moore Eugene W $57,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2020 01/29/20 Sold $1,275,000 +16.1% $398 / Sq Ft
12/30/2019 12/30/19 Pending -- -- --
12/17/2019 12/17/19 For Sale $1,098,000 -- $342 / 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 $15,561 $1,394,395 $623,377 $771,018
2024 $15,561 $1,367,054 $611,154 $755,900
2023 $15,431 $1,340,250 $599,171 $741,079
2022 $14,895 $1,313,972 $587,423 $726,549
2021 $14,283 $1,288,208 $575,905 $712,303
2020 $7,592 $675,583 $456,020 $219,563
2019 $7,610 $662,337 $447,079 $215,258
2018 $7,677 $649,351 $438,313 $211,038
2016 $7,414 $624,138 $421,294 $202,844
2015 $7,333 $614,764 $414,966 $199,798
2014 $7,750 $652,950 $426,929 $226,021
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19262574

California Regional Multiple Listing Service (CRMLS)

APN: 5744-020-013