NOT LISTED FOR SALE

317 Pasadena Ave South Pasadena, CA 91030

Estimated Value: $1,445,000 - $2,291,607

4 Beds
2 Baths
2,537 Sq Ft
$736/Sq Ft Est. Value

Last Sold May 03, 2021

Last sale price $1,300,000 $512 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $10,980/month

18 Days on Market

Highlights

  • Mountain View
  • Spanish Architecture
  • Balcony
  • Arroyo Vista Elementary Rated A+
  • No HOA
  • Walk-In Closet

About This Home

As of May 2021

South Pasadena for only $535 per sq ft! This beautiful duplex is being sold with the adjacent duplex at 315 Pasadena Ave in the amazing City of South Pasadena. The four addresses are 317, 319, 315 and 315-1/2 Pasadena Avenue. This is the first time on the market in 48 years. With 2,537 sq ft, it translates to large units. Both units are 2-bed 1-bath. The lot 6,188 sq ft and the properties share a driveway and back yard. Located in the highly ranked South Pasadena School District, the award winning Arroyo Vista Elementary School is literally around the corner. The Metro Gold Line Station is conveniently located a little over a mile away, and there is easy access to the 110 Freeway. The beautiful architecture, and mature trees and landscaping, give the property great curb appeal. The property includes 3 single car garages and additional offstreet parking. There is a grassy area in the back for relaxing. Each unit has its own separate front and rear entrance, its own laundry room, and each unit is individually metered for electricity and gas (paid by tenant). Owners pay gardener, trash, water, and insurance. There are no missed rents during Covid-19! All units have central AC and forced air heating. Rents are currently under market with upside rent potential. Please DO NOT come on the property without an appointment.

Last Agent to Sell the Property

Naomi Bezaire Lewis

Kingston Realty License #01952802 Listed on: 03/13/2021

Last Buyer's Agent

Kenneth Lee

Oikos Realty & Invt Properties License #01735708

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,147

Year Built

  • Built in 1938

Lot Details

  • 6,188 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre
  • 5313012006

Parking

  • 5 Car Garage

Home Design

  • Duplex
  • Spanish Architecture
  • Tile Roof

Interior Spaces

  • 2,537 Sq Ft Home
  • Living Room
  • Mountain Views
  • Gas Range
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Outdoor Features

  • Balcony
  • Outdoor Storage

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 1118
  • Assessor Parcel Number 5313012005

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $843
  • Trash Expense $800
  • Water Sewer Expense $1,800
  • New Taxes Expense $16,250
  • Operating Expense $20,293
  • Gross Income $24,000
  • Net Operating Income $3,706

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,147

Year Built

Built in 1938

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: SPR310000*
  • Architectural Style: Spanish
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5313012005
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 512.42
  • Room Type: Kitchen, Laundry, Living Room, Walk-In Closet

Exterior Features

  • Other Structures: Storage
  • View: Mountain(s)
  • Pool Private: No
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator, Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 5313012006
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6188.00
  • Lot Size Acres: 0.1421

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 24000.00
  • Gross Operating Income: 24000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 843.00
  • Lot Size Area: 6188.0000 Square Feet
  • Net Operating Income: 3706.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 20293.00
  • Rent Control: Yes
  • Total Expenses: 20293.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Census Tract: 4807.03
  • Tax Lot: 6
  • Tax Tract Number: 1118

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2021
Closed on
Apr 9, 2021
Sold by
Davis Linda Young and Young Jeffrey Glenn
Bought by
Yun Yeu Hoon and Yun Kyoung Hee
Seller's Agent
Naomi Bezaire Lewis
Kingston Realty
Buyer's Agent
Kenneth Lee
Oikos Realty & Invt Properties
List Price
$2,450,000
Sold Price
$1,300,000
Premium/Discount to List
-$1,150,000
-46.94%
Current Estimated Value
$1,744,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$444,334
Avg. Annual Appreciation
8.83%
Original Mortgage
$975,000
Outstanding Balance
$733,351
Interest Rate
2.4%
Mortgage Type
New Conventional
Estimated Equity
$1,134,301

Purchase Details

Closed on
Feb 28, 2008
Sold by
Young Peggy Roberts
Bought by
Young Peggy Roberts and Davis Linda Young

Purchase Details

Closed on
Sep 7, 1998
Sold by
Young Glenn G
Bought by
Young Glenn Grayson and Young Peggy Roberts
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
Yun Yeu Hoon $1,300,000 First American Title
Young Peggy Roberts -- None Available
Young Glenn Grayson -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yun Yeu Hoon $975,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2021 05/03/21 Sold $1,300,000 -3.7% $512 / Sq Ft
04/30/2021 04/30/21 Price Changed $1,350,000 -44.9% $532 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
03/13/2021 03/13/21 For Sale $2,450,000 -- $966 / 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 $17,147 $1,407,160 $844,296 $562,864
2024 $17,147 $1,379,570 $827,742 $551,828
2023 $16,783 $1,352,520 $811,512 $541,008
2022 $16,393 $1,326,000 $795,600 $530,400
2021 $2,404 $114,331 $43,230 $71,101
2020 $2,369 $113,159 $42,787 $70,372
2019 $2,333 $110,942 $41,949 $68,993
2018 $2,228 $108,768 $41,127 $67,641
2016 $2,074 $104,546 $39,531 $65,015
2015 $2,044 $102,977 $38,938 $64,039
2014 $2,039 $100,961 $38,176 $62,785
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21053073

California Regional Multiple Listing Service (CRMLS)

APN: 5313-012-005