Seller's Agent in 2018
adam pascu
73 Degrees Realty
(858) 761-1707
36 Total Sales
2590 Madison Ave Altadena, CA 91001
Estimated Value: $773,000 - $1,116,000
4
Beds
2
Baths
1,931
Sq Ft
$505/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Cul-De-Sac
- Laundry Room
- No HOA
- Cooling System Mounted To A Wall/Window
- 2 Car Garage
About This Home
As of September 2018Excellent value for investors and owner-occupants seeking rental income! Great walkable location near shopping, transportation, schools. Near major freeways for longer commutes. This duplex is in good condition, but has upside potential and has been heavily under-rented. Both current renters out by 9/1. Projected rents are $4000 total with minimal touch-ups and up to $5000/mo if fully renovated. Both units are 2 bed / 1 bath and currently under-rented at about $1600/mo each. Tenants currently share 2-car garage. Each unit has a private outdoor space. Very low-maintenance property. Each unit separately metered for Gas&Electric. Owner pays water.
Last Agent to Sell the Property
73 Degrees Realty License #01465911 Listed on: 03/16/2018
Last Buyer's Agent
Ovidiu (Ady) Simion
Coldwell Banker Residential Brokerage License #01897269
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 5,325 Sq Ft Lot
- 1 Common Wall
- Cul-De-Sac
- Wood Fence
- Fence is in fair condition
Parking
- 2 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Two Garage Doors
Home Design
- Duplex
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Shingle Roof
- Composition Roof
Interior Spaces
- 1,931 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Disposal
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Location
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 24
- Tax Tract Number 19046
- Assessor Parcel Number 5840001003
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,000
- Water Sewer Expense $1,000
- New Taxes Expense $10,000
- Operating Expense $12,000
- Gross Income $38,400
- Net Operating Income $35,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 16, 2018
Closed on
Aug 30, 2018
Sold by
Major Earl Pete and Major Constance Marie
Bought by
Wong Elea and Riolo Sam Henry
Seller's Agent
adam pascu
73 Degrees Realty
Buyer's Agent
Ovidiu (Ady) Simion
Coldwell Banker Residential Brokerage
List Price
$848,000
Sold Price
$825,000
Premium/Discount to List
-$23,000
-2.71%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,504
Avg. Annual Appreciation
2.29%
Original Mortgage
$448,000
Outstanding Balance
$390,718
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$583,786
Purchase Details
Listed on
Mar 16, 2018
Closed on
Jul 31, 2018
Sold by
Major Constance Marie and France Myrtile Stong Marital T
Bought by
Major Constance Marie and Major Family Trust Dated
Seller's Agent
adam pascu
73 Degrees Realty
Buyer's Agent
Ovidiu (Ady) Simion
Coldwell Banker Residential Brokerage
List Price
$848,000
Sold Price
$825,000
Premium/Discount to List
-$23,000
-2.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Outstanding Balance
$390,718
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$583,786
Purchase Details
Closed on
Dec 10, 2014
Sold by
Yamabe Wendy Frances and Gordon Wheeler Stong Survivor
Bought by
Frances Myrtle Stong Exemption Trust and Gordon Wheeler Ston Survivor S Trust
Purchase Details
Closed on
Aug 3, 2009
Sold by
Stong Gordon Wheeler and Stong Family Trust
Bought by
Stong Gordon Wheeler and Yamabe Wendi Frances
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wong Elea | $825,000 | Fidelity National Title | |
| Major Constance Marie | -- | Accommodation | |
| Frances Myrtle Stong Exemption Trust | -- | None Available | |
| Stong Gordon Wheeler | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wong Elea | $448,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/18/2018 09/18/18 | Sold | $825,000 | -2.7% | $427 / Sq Ft |
| 08/22/2018 08/22/18 | Pending | -- | -- | -- |
| 03/16/2018 03/16/18 | For Sale | $848,000 | -- | $439 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $10,962 | $861,400 | $496,962 | $364,438 |
| 2024 | $10,962 | $902,253 | $541,352 | $360,901 |
| 2023 | $10,696 | $884,563 | $530,738 | $353,825 |
| 2022 | $10,330 | $867,220 | $520,332 | $346,888 |
| 2021 | $9,802 | $850,217 | $510,130 | $340,087 |
| 2019 | $9,438 | $825,000 | $495,000 | $330,000 |
| 2018 | $2,497 | $168,600 | $84,300 | $84,300 |
| 2017 | $2,471 | $165,296 | $82,648 | $82,648 |
| 2016 | $2,400 | $162,056 | $81,028 | $81,028 |
| 2015 | $2,375 | $159,622 | $79,811 | $79,811 |
| 2014 | $2,346 | $156,496 | $78,248 | $78,248 |
Source: Public Records
Agents Affiliated with this Home
-
adam pascu
-
O
Buyer's Agent in 2018
Ovidiu (Ady) Simion
Coldwell Banker Residential Brokerage
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: ND18195020
APN: 5840-001-003
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