NOT LISTED FOR SALE

Estimated Value: $1,903,000 - $2,424,000

7 Beds
6 Baths
3,888 Sq Ft
$549/Sq Ft Est. Value

Last Sold August 08, 2016

Last sale price $1,200,500 $309 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $11,368/month

158 Days on Market

Highlights

  • Dual Staircase
  • Craftsman Architecture
  • Private Yard
  • Pasadena High School Rated A
  • Wood Flooring
  • Laundry Room

About This Home

As of August 2016

Proudly presenting four great units in rapidly growing East Pasadena. There are four units and a good mix: 1-large 3/2, 1-real large 2/2 with a finished basement and: 2- 1br-1bth. All units were totally remodeled and reconfigured in 2008 to meet today's lifestyle and amenities. All units have central heat and A/C, copper plumbing and rewiring of all electrical systems,beautiful wood floors throughout. Both front units are plumbed for washer and dryer and there are four one car garages and several open and uncovered spaces available, aka ample parking. This property is ideal for owner Occ. and lease the others or a great 1031 uplegg..

Last Agent to Sell the Property

Jim Rock

COMPASS License #01057765 Listed on: 01/25/2016

COMPASS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,107

Year Built

  • Built in 1913 | Remodeled

Lot Details

  • 7,499 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Property fronts an alley
  • West Facing Home
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • On-Street Parking
  • Parking Lot
  • Off-Site Parking
  • Assigned Parking

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Property Attached
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2-Story Property
  • Dual Staircase
  • Entryway
  • Storage

Kitchen

  • Gas Oven
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient HVAC

Outdoor Features

  • Shed
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Overhead Utilities
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5748015009

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,200
  • Maintenance Expense $1,100
  • Trash Expense $1,320
  • Water Sewer Expense $1,200
  • New Taxes Expense $15,531
  • Operating Expense $15,780
  • Gross Income $66,489
  • Net Operating Income $50,709

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,107

Year Built

Built in 1913 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable - 1007242
  • Water Sewer Expenses: 1200.00
  • Zoning: PSR3
  • Architectural Style: Craftsman, Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5748015009
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases, Copper Plumbing Full, Storage
  • Stories: 2
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: Three Or More, Two
  • Room Type: Entry

Exterior Features

  • Direction Faces: West
  • Foundation: Concrete Perimeter, Pillar/Post/Pier, Raised
  • Other Structures: Shed(s)
  • Exterior Features: Rain Gutters
  • Roof: Asphalt
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Off Site, Parking Space, Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Water Heater
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup, Inside, Upper Level
  • Trash Expense: 1320.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks
  • Association Management: Self Managed

Green Features

  • Green Location: Walkability
  • Efficiency: HVAC

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Level, Rectangular Lot, Utilities - Overhead, Yard
  • Lot Size: 50 X 150
  • Lot Size Sq Ft: 7499.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 1900 Square Feet
  • Average3 Bed Area: 1700 Square Feet
  • Gross Income: 66489.00
  • Gross Multiplier: 18.68
  • Gross Scheduled Income: 66489.00
  • Insurance Expense: 2200.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7499.0000 Square Feet
  • Maintenance Expense: 1100.00
  • Net Operating Income: 50709.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Patio: 1
  • Other Expense Description: YES
  • Total Actual Rent: 69000.00
  • Total Expenses: 15780.00

Tax Info

  • New Taxes Expense: 15531.00
  • Tax Rate: 1.25
  • Tax Annual Amount: 10107.00
  • Tax Year: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2016
Sold by
Ly Liem D and Ho Kelly
Bought by
Cotten Caroline W S and Cotten Donald Tola
Current Estimated Value
$1,913,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 2011
Sold by
Ly Liem D and Derryk Ly Family Trust
Bought by
Ly Liem D and Ho Kelly

Purchase Details

Closed on
Aug 21, 2009
Sold by
Ly Liem D
Bought by
Ly Liem D and Ho Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
5.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2009
Sold by
Ho Kelly
Bought by
Ly Liem D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
5.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2007
Sold by
Ly Liem D
Bought by
Ly Liem D and Ho Kelly

Purchase Details

Closed on
Oct 13, 2005
Sold by
Valenzuela George and George Valenzuela Revocable Tr
Bought by
Ly Liem D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
5.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2005
Sold by
Ho Kelly
Bought by
Ly Liem D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
5.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 23, 1996
Sold by
Valenzuela George
Bought by
Valenzuela George and The George Valenzuela Revocabl
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
Cotten Caroline W S $1,200,500 Fidelity Sherman Oaks
Ly Liem D -- Accommodation
Ly Liem D -- Accommodation
Ly Liem D -- Old Republic Title Company
Ly Liem D -- Accommodation
Ly Liem D $740,000 First American Title Company
Ly Liem D -- First American Title Company
Valenzuela George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cotten Caroline W S $600,000
Previous Owner Ly Liem D $585,000
Previous Owner Ly Liem D $370,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2016 08/08/16 Sold $1,200,500 -3.4% $309 / Sq Ft
07/01/2016 07/01/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $1,242,500 -- $320 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $16,074 $1,393,276 $835,618 $557,658
2024 $16,074 $1,365,958 $819,234 $546,724
2023 $15,940 $1,339,175 $803,171 $536,004
2022 $15,396 $1,312,918 $787,423 $525,495
2021 $14,765 $1,287,176 $771,984 $515,192
2019 $14,218 $1,249,000 $749,088 $499,912
2018 $14,447 $1,224,510 $734,400 $490,110
2016 $10,219 $854,256 $669,554 $184,702
2015 $10,107 $841,425 $659,497 $181,928
2014 $9,923 $824,944 $646,579 $178,365
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316000692

Pasadena-Foothills Association of REALTORS®

APN: 5748-015-009