NOT LISTED FOR SALE

Estimated Value: $1,929,000 - $2,084,686

5 Beds
4 Baths
3,098 Sq Ft
$657/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $1,490,000 $481 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $12,443/month

25 Days on Market

Highlights

  • Attached Guest House
  • Two Primary Bedrooms
  • Corner Lot
  • John C. Fremont Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of July 2021

Multi-Generational Living. Flexible Floor Plan. Amazing opportunity in one of the best neighborhoods around, Montecito Park. The property is technically a single-family home but it is set up more like “two on a lot”. This home has many flexible living opportunities or live in one and rent the other. The huge flat corner lot of just over 14,000 SF leaves a lot of options for possible future additions, large gardens, or a pool. The front house has a charming living room with high ceilings original hardwood floors and a handsome fireplace. The formal dining room has original wainscoting and a bay window. Each of the three bedrooms in the front house are large in size, the master bedroom has an attached bathroom. The back house, built in 1987, has 2 additional bedrooms and 2 bathrooms, its own kitchen, and a huge living/dining space with abundant natural light. The front and back houses have their own water heaters and heating/air conditioning systems. There is plenty of space all around the home, giving a nice sense of privacy. Ideally located in the La Crescenta school system, just 0.9 miles from all the charming shops and restaurants of downtown Montrose, and just 0.5 miles to Montrose Park.

Last Agent to Sell the Property

Alexander Gingrich

Engel & Völkers La Canada License #01797428 Listed on: 05/07/2021

Engel & Völkers La Canada

Last Buyer's Agent

Alexander Gingrich

Engel & Völkers La Canada License #01797428 Listed on: 05/07/2021

Engel & Völkers La Canada

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,223

Year Built

  • Built in 1935

Lot Details

  • 0.32 Acre Lot
  • 1 Common Wall
  • Corner Lot
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Fixer Upper
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 3,098 Sq Ft Home
  • 1-Story Property
  • Bay Window
  • Living Room with Fireplace
  • Laundry Room
  • Basement

Kitchen

  • Double Oven
  • Gas Range
  • Range Hood

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Double Master Bedroom
  • 4 Bathrooms

Additional Homes

  • Two Homes on a Lot
  • Attached Guest House

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 2 / 54
  • Assessor Parcel Number 5613021001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,223

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: No
  • Zoning: GLR1RY
  • Architectural Style: Ranch
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 5613021001
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 480.96
  • Room Type: Basement, Kitchen, Laundry, Living Room, Master Bedroom, Two Masters
  • Window Features: Bay Window(s)

Exterior Features

  • Foundation: Raised
  • Other Structures: Guest House Attached, Two On A Lot
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Gas Range, Range Hood
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Garden, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14021.00
  • Lot Size Acres: 0.3219

Multi Family

  • Average2 Bed Area: 1200 Square Feet
  • Average3 Bed Area: 1800 Square Feet
  • Lot Size Area: 14021.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 54
  • Tax Census Tract: 3008.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Jun 7, 2021
Sold by
Chi John Chuan Jen and Chi Susan Eng
Bought by
Dickey David and Khayoyan Arsine
Seller's Agent
Alexander Gingrich
Engel & Völkers La Canada
Buyer's Agent
Alexander Gingrich
Engel & Völkers La Canada
List Price
$1,490,000
Sold Price
$1,490,000
Current Estimated Value
$2,035,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,922
Avg. Annual Appreciation
7.81%
Original Mortgage
$822,000
Outstanding Balance
$747,453
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,288,469

Purchase Details

Closed on
Jun 17, 2010
Sold by
Chi John Chuan Jen and Chi Susan Eng Cher
Bought by
Chi John Chuan Jen and Chi Susan Eng Cher

Purchase Details

Closed on
May 17, 2004
Sold by
Chi John Chuan Jen
Bought by
Chi John Chuan Jen

Purchase Details

Closed on
May 23, 2003
Sold by
Chi John and G Ching & Margaret Mei Chia Ch
Bought by
Chi John Chuan Jen
Source: Public Records

Range of Values:

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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
Dickey David $1,490,000 Orange Coast Ttl Co Of Socal
Chi John Chuan Jen -- None Available
Chi John Chuan Jen -- --
Chi John Chuan Jen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dickey David $822,000
Previous Owner Chi John C $89,000
Previous Owner Chi John Chuan Jen $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $1,490,000 0.0% $481 / Sq Ft
07/15/2021 07/15/21 Sold $1,490,000 0.0% $481 / Sq Ft
05/21/2021 05/21/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $1,490,000 0.0% $481 / Sq Ft
05/06/2021 05/06/21 Price Changed $1,490,000 -3.9% $481 / Sq Ft
04/16/2021 04/16/21 For Sale $1,550,000 -- $500 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $17,223 $1,776,243 $1,167,328 $608,915
2024 $17,223 $1,550,196 $1,144,440 $405,756
2023 $16,831 $1,519,800 $1,122,000 $397,800
2022 $16,540 $1,490,000 $1,100,000 $390,000
2021 $5,886 $514,717 $122,328 $392,389
2020 $5,801 $509,440 $121,074 $388,366
2019 $5,664 $499,451 $118,700 $380,751
2018 $5,509 $489,659 $116,373 $373,286
2016 $5,232 $470,647 $111,855 $358,792
2015 $5,126 $463,578 $110,175 $353,403
2014 $5,089 $454,498 $108,017 $346,481
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF21097675

California Regional Multiple Listing Service (CRMLS)

APN: 5613-021-001