NOT LISTED FOR SALE

300 E Glenarm St Pasadena, CA 91106

Madison Heights Neighborhood

Estimated Value: $1,251,000 - $1,505,000

3 Beds
4 Baths
2,473 Sq Ft
$563/Sq Ft Est. Value

Last Sold April 03, 2023

Last sale price $1,245,000 $503 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,538/month

14 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Block Wall Fence
  • 5-minute walk to Allendale Park

About This Home

As of April 2023

This 4 unit rental property is located in Pasadena's highly desired Madison Heights neighborhood. The front house is a Spanish Casita with living room, one bedroom, nice sized kitchen, full bathroom, and enclosed rear patio. Detached from the front house is a triplex at the rear of the property. On the lower level is a two bedroom unit with an open concept living, dining, and kitchen. It has two good sized bedrooms, and full bathroom. Above the four car carport are two studios with three-quarter bathrooms. This property is close to many urban locations, freeways, and Old Town Pasadena. Trust Sale with no court confirmation required.

Last Agent to Sell the Property

Ramiro Rivas

The Agency License #01406511 Listed on: 03/01/2023

The Agency

Co-Listed By

Erica Rivas

The Agency License #01788685

Last Buyer's Agent

Mike Kobeissi

Kobeissi Properties License #01011211

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,609 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • No Sprinklers

Home Design

  • 2,473 Sq Ft Home
  • Quadruplex
  • Cosmetic Repairs Needed

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Gas Range
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 4640
  • Assessor Parcel Number 5324004009

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,920
  • Trash Expense $447
  • Water Sewer Expense $447
  • Operating Expense $4,014
  • Gross Income $108,000
  • Net Operating Income $103,986

Additional Features

  • 2 Buildings
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 447.00
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5324004009
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 535.79

Exterior Features

  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 447.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 6609.00
  • Lot Size Acres: 0.1517

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 108000.00
  • Gross Scheduled Income: 108000.00
  • Insurance Expense: 1920.00
  • Lot Size Area: 6609.0000 Square Feet
  • Net Operating Income: 103986.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Operating Expense: 4014.00
  • Rent Control: No
  • Total Expenses: 4014.00

Tax Info

  • Tax Lot: 9
  • Tax Tract: 7776
  • Tax Tract Number: 4640

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2023
Closed on
Mar 15, 2023
Sold by
June Frances Hardy Trust
Bought by
Rkobeissi Property Management Llc
Seller's Agent
Ramiro Rivas
The Agency
Buyer's Agent
Mike Kobeissi
Kobeissi Properties
List Price
$1,325,000
Sold Price
$1,245,000
Premium/Discount to List
-$80,000
-6.04%
Views
99
Current Estimated Value
$1,392,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,967
Avg. Annual Appreciation
4.22%

Purchase Details

Closed on
Jun 17, 2020
Sold by
Hardy June Frances and The Hardy Family Trust
Bought by
Hardy June Frances and The June Frances Hardy Trust

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
$739,000
Interest Rate
5.37%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Rkobeissi Property Management Llc $1,245,000 Chicago Title Company
Hardy June Frances -- None Available
Brooks Charles -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brooks Charles $739,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2023 04/03/23 Sold $1,245,000 -6.0% $503 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $1,325,000 -- $536 / 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 $14,867 $1,295,298 $905,148 $390,150
2024 $14,867 $1,269,900 $887,400 $382,500
2023 $2,105 $104,099 $28,718 $75,381
2022 $2,049 $102,058 $28,155 $73,903
2021 $1,970 $100,057 $27,603 $72,454
2020 $1,921 $99,432 $27,320 $72,112
2019 $1,917 $97,491 $26,785 $70,706
2018 $1,844 $95,588 $26,260 $69,328
2016 $1,741 $91,494 $25,242 $66,252
2015 $1,719 $90,120 $24,863 $65,257
2014 $1,719 $88,355 $24,376 $63,979
Source: Public Records

Agents Affiliated with this Home

  • Ramiro Rivas

    Seller's Agent in 2023

    Ramiro Rivas

    The Agency

    (626) 497-4606

    2 in this area

    40 Total Sales

    Ramiro Rivas
    Section Image

  • E

    Seller Co-Listing Agent in 2023

    Erica Rivas

    The Agency

    (818) 257-1054

    2 in this area

    31 Total Sales

    Erica Rivas
    Section Image
  • Mike Kobeissi

    Buyer's Agent in 2023

    Mike Kobeissi

    Kobeissi Properties

    (818) 725-1041

    1 in this area

    69 Total Sales

    Mike Kobeissi
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-12800

Pasadena-Foothills Association of REALTORS®

APN: 5324-004-009

California Los Angeles County Pasadena 91106 Madison Heights

300 E Glenarm St, Pasadena, CA

Not Listed for Sale

MultiFamily

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