NOT LISTED FOR SALE
16 Beds
8 Baths
4,390 Sq Ft
9,285 Sq Ft Lot

Sale Details

Date Sold: January 27, 2014

Last sale price $895,000 $204 Per Sq Ft

51 Days on Market

About This Home

As of January 2014

OPEN HOUSE/PROPERTY TOUR is on 12/12/13 from 11am-1pm. Bankruptcy Court Date: Dec 18th 2013 @ 9:00amLocation: 255 E. Temple St. Los Angeles, CA 90012 Courtroom 1645See Attached Notice of Sale for more informationWe are pleased to present this eight (8) unit multifamily investment located in the city of Pasadena. This two story, wood frame stucco building was constructed in 1959 and consists of 4,390 square feet of living area. The property also features on-site covered parking. The property is situated on an 9,287 zoned R-3.All units at the property are currently vacant and the property has significant deferred maintenance. The property has numerous city code violations, please see attachment for the list of code violations obtained from the city of Pasadena. The Code Violations are on page 12 & 13 of the attached marketing package.

Last Agent to Sell the Property

Andre Melikian

Andre Melikian License #01068787 Listed on: 10/28/2013

Andre Melikian

Co-Listed By

Jonathan Prakash

Equity Union License #01483131

Last Buyer's Agent

Cynthia Bi

License #01088004

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 9,285 Sq Ft Lot

Home Design

  • 4,390 Sq Ft Home

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • 12 Parking Spaces
  • Covered Parking

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5728-008-047

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

9,285 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4390
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 159.23

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 12

Lot Info

  • Assessed Improvement Value: 232491
  • Assessed Land Value: 177425
  • Assessor Parcel Number: 5728-008-047
  • Geocode Override: No
  • Lot Size Area: 9285

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 6.21
  • Number Of Units: 8
  • Type Of Units: Multifamily

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

Closed on
Dec 22, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2016
Sold by
Bought by

Purchase Details

Closed on
May 9, 2014
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
$714,000
Outstanding Balance
$529,134
Interest Rate
4.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Oct 28, 2013
Closed on
Dec 19, 2013
Sold by
Bought by
Seller's Agent
Andre Melikian
Andre Melikian
Buyer's Agent
Cynthia Bi
List Price
$699,000
Sold Price
$895,000
Premium/Discount to List
$196,000
28.04%

Purchase Details

Closed on
Jul 8, 1999
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
$251,250
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 1999
Sold by
Bought by

Purchase Details

Closed on
Jun 12, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 26, 1994
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
-- Fidelity National Title
-- None Available
-- Fntc
$895,000 Lawyers Title Company
$335,000 Progressive Title Company
-- Lawyers Title Company
$190,000 Progressive Title Company
-- --
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 $714,000
Previous Owner $70,000
Previous Owner $251,250
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
01/27/2014 01/27/14 Sold $895,000 +28.0% $204 / Sq Ft
12/18/2013 12/18/13 Pending -- -- --
10/28/2013 10/28/13 For Sale $699,000 -- $159 / Sq Ft
Source: The MLS

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 $20,127 $1,624,256 $1,164,564 $459,692
2024 $19,155 $1,592,409 $1,141,730 $450,679
2023 $18,996 $1,561,187 $1,119,344 $441,843
2022 $18,356 $1,530,577 $1,097,397 $433,180
2021 $17,615 $1,500,567 $1,075,880 $424,687
2019 $16,971 $1,456,062 $1,043,970 $412,092
2018 $17,253 $1,427,512 $1,023,500 $404,012
2016 $16,691 $1,372,082 $983,757 $388,325
2015 $16,504 $1,351,473 $968,981 $382,492
2014 $6,065 $420,010 $181,794 $238,216
Source: Public Records

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Map

Source: The MLS

MLS Number: 13-713585

The MLS
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