NOT LISTED FOR SALE

2461 Lincoln Ave Altadena, CA 91001

Altadena Area

Estimated Value: $927,000 - $1,573,381

7 Beds
5 Baths
3,687 Sq Ft
$365/Sq Ft Est. Value

Sale Details

Date Sold: October 1, 2018

Last sale price $1,060,000 $287 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $8,409 / mo

35 Days on Market

Highlights

  • Spa
  • Mountain View
  • Property is near park and public transit
  • Primary Bedroom Suite
  • Contemporary Architecture
  • Granite Countertops

About This Home

As of October 2018

Amazing Income Property in North Altadena! This property is truly one of a kind. Great Income $6,300 month / Very Low Expense $350 month (water, trash, gardener).

Rear House (2461 Lincoln) built in 2007 comprises 3 bedrooms, 2 1/2 baths Central Air newer floors and paint throughout. Remodeled kitchen with all the comforts including SS appliances and Large Master Suite with remodeled bath - Jetted Tub and Large Separate Shower, Master has huge walk-in closet with organizers. Upstairs Laundry with SS washer/dryer. New LED lights and Central Air/Forced Air Heat. 2 car attached garage and small private rear yard / dog run. Approximately 2,100 sq. ft. interior. NO common walls with other units.

Front units approximately 800 sq. ft. interior each built 1949. Both units are 2 bedrooms, 1 bath and have individual interior laundry areas - both units have 2 parking spaces.
Unit 2465 Lincoln is middle unit and has been completely remodeled within the last few months - new floors, paint, complete kitchen and bath, new lighting fixtures and 2 window a/c, new wall furnace, new or newer appliances and was re-piped at time of remodel.
Unit 2463 (front unit) has had some remodeling with new a/c units,some newer floors, paint and some fixtures and appears neat and tidy.

All Units are leased with ACTUAL monthly rents totaling $6,300 per month.

Total 3,687 Sq. Ft. Total Interior 9,509 Sq. Ft. Lot (Per Title)

Last Agent to Sell the Property

Jerry Baker

Coldwell Banker Dynasty T.C. License #00778176 Listed on: 07/26/2018

Coldwell Banker Dynasty T.C.

Co-Listed By

Connie Snider Baker

Coldwell Banker Dynasty T.C. License #01819025

Last Buyer's Agent

Brittany Sherman

Douglas Elliman of California, Inc. License #01940324

Douglas Elliman of California, Inc.

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949 | Remodeled

Lot Details

  • 9,615 Sq Ft Lot
  • 1 Common Wall
  • East Facing Home
  • Wood Fence
  • Block Wall Fence
  • Fence is in excellent condition
  • Landscaped
  • Level Lot
  • Lawn

Parking

  • 2 Car Direct Access Garage
  • 1 Open Parking Space
  • 3 Detached Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex
  • Contemporary Architecture
  • Turnkey
  • Composition Roof

Interior Spaces

  • 3,687 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Mountain Views
  • Carbon Monoxide Detectors

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 5 Bathrooms
  • Spa Bath

Laundry

  • Laundry in Kitchen
  • Stacked Washer and Dryer

Outdoor Features

  • Spa
  • Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park and public transit

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Private Water Source
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 5823
  • Assessor Parcel Number 5828026004

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $75,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1949 | Remodeled

Lot Details

9,615 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s)
  • View: Yes
  • Zoning: LCR2YY
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5828026004
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Ceiling Fan(s), Crown Molding, Granite Counters
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Price Per Square Foot: 287.50
  • Room Type: Master Suite, Walk-In Closet
  • Spa Features: Bath

Exterior Features

  • Direction Faces: East
  • Exterior Features: Lighting
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Block, Excellent Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: Yes

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport, Direct Garage Access
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Tankless Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Common Area, In Kitchen, Inside, Stackable
  • Sewer: Public Sewer
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Foothills, Gutters, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Lot 6500-9999, Level, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 9615.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Average3 Bed Area: 2100 Square Feet
  • Gross Income: 75600.00
  • Gross Scheduled Income: 75600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 2
  • Rent Control: No
  • Total Actual Rent: 6300.00

Tax Info

  • Tax Census Tract: 4610.00
  • Tax Lot: 12
  • Tax Tract Number: 5823

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2018
Closed on
Sep 17, 2018
Sold by
Bought by
Seller's Agent
Jerry Baker
Coldwell Banker Dynasty T.C.
Buyer's Agent
Brittany Sherman
Douglas Elliman of California, Inc.
List Price
$1,125,000
Sold Price
$1,060,000
Premium/Discount to List
-$65,000
-5.78%
Current Estimated Value
$1,344,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,595
Avg. Annual Appreciation
3.08%
Original Mortgage
$1,008,000
Interest Rate
4.5%
Mortgage Type
Stand Alone First

Purchase Details

Listed on
Mar 30, 2018
Closed on
Feb 13, 2018
Sold by
Bought by
Seller's Agent
Jerry Baker
Coldwell Banker Dynasty T.C.
Buyer's Agent
Jerry Baker
Coldwell Banker Dynasty T.C.
Sold Price
$2,950

Purchase Details

Closed on
Aug 10, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$514,125
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,060,000 Lawyers Title
-- None Available
$680,000 Lawyers Title
$149,000 Commonwealth Land Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $840,000
Closed $1,008,000
Previous Owner $612,500
Previous Owner $514,125
Previous Owner $100,000
Previous Owner $560,000
Previous Owner $46,150
Previous Owner $47,000
Previous Owner $213,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/01/2018 10/01/18 Sold $1,060,000 -5.8% $287 / Sq Ft
08/30/2018 08/30/18 Pending -- -- --
08/14/2018 08/14/18 For Sale $1,125,000 +6.1% $305 / Sq Ft
08/13/2018 08/13/18 Off Market $1,060,000 -- --
07/26/2018 07/26/18 For Sale $1,125,000 0.0% $305 / Sq Ft
04/13/2018 04/13/18 Rented $2,950 0.0% --
03/30/2018 03/30/18 For Rent $2,950 +3.5% --
02/14/2016 02/14/16 Rented $2,850 0.0% --
02/09/2016 02/09/16 For Rent $2,850 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,279 $1,182,446 $747,395 $435,051
2024 $14,324 $1,159,262 $732,741 $426,521
2023 $14,202 $1,136,532 $718,374 $418,158
2022 $13,768 $1,114,248 $704,289 $409,959
2021 $13,049 $1,092,401 $690,480 $401,921
2020 $12,553 $1,081,840 $683,400 $398,440
2019 $12,575 $1,060,640 $670,000 $390,640
2018 $9,021 $708,112 $447,372 $260,740
2016 $8,686 $680,000 $430,000 $250,000
2015 $4,934 $344,083 $106,276 $237,807
2014 $4,869 $337,344 $104,195 $233,149
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18180627

California Regional Multiple Listing Service (CRMLS)

APN: 5828-026-004

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