NOT LISTED FOR SALE
2 Beds
1 Bath
3,766 Sq Ft
8,364 Sq Ft Lot

Sale Details

Date Sold: March 26, 2012

Last sale price $1,150,000 $305 Per Sq Ft

5 Days on Market

About This Home

As of March 2012

The subject property is a five-unit, pride-of-ownership apartment complex in an A+ Pasadena location.The seller recently invested over $170,000 in upgrades, including electrical, windows, kitchens, bathrooms, HVAC and roof. A detailed description and photos of the upgrades is included in the marketing package.The property consists of two one-bedroom/one-bath and two two-bedroom/one-bath units in the main building and a studio unit over the carport area. The units include hardwood floors and many attractive architectural details. The complex also includes five carport parking spaces and a laundry room.The prestigious Madison Heights neighborhood is comprised of many high end single family homes and is only blocks from the Lake Avenue commercial corridor, California Institute of Technology (Caltech) and the world-class Langham Hotel and Spa.This is a rare opportunity to purchase an income property, in excellent condition, located in this exclusive Pasadena neighborhood.

Last Agent to Sell the Property

Barry Gordon

Marcus & Millichap License #00925711 Listed on: 02/10/2012

Last Buyer's Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,364 Sq Ft Lot

Interior Spaces

  • 3,766 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Parking Spaces
  • Carport

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5324-004-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

8,364 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3766
  • Stories: 2
  • Year Built: 1925
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 292.09

Exterior Features

  • Pool: No

Garage/Parking

  • Covered Parking: 5
  • Parking Garage: Carport
  • Total Parking: 5

Lot Info

  • Assessed Improvement Value: 270608
  • Assessed Land Value: 806410
  • Assessor Parcel Number: 5324-004-008
  • Lot Size Area: 8364

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.36
  • Number Of Units: 5
  • Type Of Units: Mixed

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
Feb 10, 2012
Closed on
Feb 21, 2012
Sold by
Auyang Realty Limited Partnership
Bought by
Seller's Agent
Barry Gordon
Marcus & Millichap
Buyer's Agent
Priscilla Nee
CB Richard Ellis, Inc.
List Price
$1,100,000
Sold Price
$1,150,000
Premium/Discount to List
$50,000
4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Interest Rate
3.84%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 28, 2005
Sold by
264 E Glenarm Llc
Bought by
Brooks Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,500
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2005
Sold by
Dockey Louise M and The Louise M Dockey Family Tru
Bought by
Auyang Realty Lp

Purchase Details

Closed on
Sep 23, 2002
Sold by
Finlay Sally and The Lyman Trust
Bought by
Sy Development Corp
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
$1,150,000 First American Title
Brooks Charles -- Chicago Title Company
Auyang Realty Lp $995,000 Fidelity National Title
Sy Development Corp -- Southland 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 $750,000
Closed Quan David W $710,000
Previous Owner Auyang Realty Limited Partnership $520,000
Previous Owner Auyang Realty Lp $497,500
Previous Owner Brooks Charles $739,000
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
03/26/2012 03/26/12 Sold $1,150,000 +4.5% $305 / Sq Ft
02/15/2012 02/15/12 Pending -- -- --
02/10/2012 02/10/12 For Sale $1,100,000 -- $292 / 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
2026 $17,551 $1,473,339 $1,104,369 $368,970
2025 $17,551 $1,444,451 $1,082,715 $361,736
2024 $16,666 $1,416,130 $1,061,486 $354,644
2023 $16,526 $1,388,364 $1,040,673 $347,691
2022 $15,960 $1,361,142 $1,020,268 $340,874
2021 $15,306 $1,334,454 $1,000,263 $334,191
2020 $14,703 $1,320,772 $990,007 $330,765
2019 $14,740 $1,294,876 $970,596 $324,280
2018 $14,987 $1,269,487 $951,565 $317,922
2016 $14,503 $1,220,193 $914,615 $305,578
2015 $14,343 $1,201,865 $900,877 $300,988
2014 $14,062 $1,178,324 $883,231 $295,093
Source: Public Records

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Map

Source: The MLS

MLS Number: 12-581263

The MLS
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