NOT LISTED FOR SALE

Estimated Value: $2,008,341 - $2,066,000

10 Beds
5 Baths
4,600 Sq Ft
$443/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $1,650,000 $359 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $12,290/month

54 Days on Market

About This Home

As of October 2021

5-Unit Single-story apartment situated in Pasadena, CA, near the Rose Bowl. Total size 4,600 square feet on a 11,116 square feet lot. Separate electricity and gas meters. This is a value-add opportunity, currently below market rents with 27% potential upside income based on fair market rents; 100% occupied. Zoning RM-16. There is also a 2-car garage for a future potential accessory dwelling unit (ADU). Buyer and buyer’s agent are responsible to verify the accuracy all information that pertains to buyer’s investigation. Drive by only. Tenants are unaware of the sale, please do not disturb tenants. Do not go onto the property.

Last Agent to Sell the Property

Jonathan Hua

MANREALTY.COM License #01485938 Listed on: 06/03/2021

Co-Listed By

Philip Chang

MANREALTY.COM License #01870805

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1961

Lot Details

  • 0.26 Acre Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • 4 Carport Spaces
  • Parking Available

Home Design

  • 4,600 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Additional Features

  • Gas And Electric Dryer Hookup
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 19 / A
  • Assessor Parcel Number 5728013044

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Gardener Expense $1,200
  • Insurance Expense $3,162
  • Water Sewer Expense $7,250
  • New Taxes Expense $21,250
  • Operating Expense $38,810
  • Gross Income $96,600
  • Net Operating Income $57,790

Property Details

Home Type

Apartment

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 7250.00
  • Zoning: RM-16
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5728013044
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 358.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00

Utilities

  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11116.00
  • Lot Size Acres: 0.2552

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 96600.00
  • Gross Scheduled Income: 96600.00
  • Insurance Expense: 3162.00
  • Lot Size Area: 11116.0000 Square Feet
  • Net Operating Income: 57790.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 38810.00
  • Rent Control: Yes
  • Total Actual Rent: 8050.00
  • Total Expenses: 38810.00

Tax Info

  • New Taxes Expense: 21250.00
  • Tax Block: A
  • Tax Census Tract: 4616.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2022
Sold by
Kytlica Vladimir
Bought by
Outfront Properties Llc
Current Estimated Value
$2,037,171

Purchase Details

Closed on
Apr 8, 2016
Sold by
Jars Enterprises Llc
Bought by
Jars Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2009
Sold by
Straumann Rolf and Poon Julie
Bought by
Jars Enterprises Llc

Purchase Details

Closed on
Oct 16, 2009
Sold by
Brown Gerald J and Brown Donald Lee
Bought by
Straumann Rolf and Poon June

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
5.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2007
Sold by
Brown Gerald J and The Brown Family Trust
Bought by
Brown Gerald J and Brown Donald Lee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Outfront Properties Llc -- None Listed On Document
Jars Enterprises Llc -- Chicago Title Company
Jars Enterprises Llc -- None Available
Straumann Rolf $722,000 Equity Title
Brown Gerald J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jars Enterprises Llc $500,000
Previous Owner Straumann Rolf $464,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2021 10/06/21 Sold $1,650,000 0.0% $359 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
07/10/2021 07/10/21 For Sale $1,650,000 0.0% $359 / Sq Ft
07/09/2021 07/09/21 Off Market $1,650,000 -- --
06/30/2021 06/30/21 Price Changed $1,650,000 -2.9% $359 / Sq Ft
06/23/2021 06/23/21 For Sale $1,700,000 +3.0% $370 / Sq Ft
06/22/2021 06/22/21 Off Market $1,650,000 -- --
06/03/2021 06/03/21 For Sale $1,700,000 -- $370 / 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 $20,280 $1,750,992 $1,273,449 $477,543
2024 $20,280 $1,716,660 $1,248,480 $468,180
2023 $20,110 $1,683,000 $1,224,000 $459,000
2022 $19,423 $1,650,000 $1,200,000 $450,000
2021 $10,561 $860,991 $596,257 $264,734
2020 $10,168 $852,164 $590,144 $262,020
2019 $10,188 $835,456 $578,573 $256,883
2018 $10,277 $819,076 $567,229 $251,847
2016 $9,910 $787,271 $545,203 $242,068
2015 $9,798 $775,446 $537,014 $238,432
2014 $9,630 $760,257 $526,495 $233,762
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21119759

California Regional Multiple Listing Service (CRMLS)

APN: 5728-013-044