J
Seller's Agent in 2019
John Alden
Alden Pacific Investments, Inc.
334 Pasadena Ave South Pasadena, CA 91030
6
Beds
5
Baths
4,186
Sq Ft
8,031
Sq Ft Lot
Highlights
- Property is near public transit
- Park
- Laundry Room
- Arroyo Vista Elementary Rated A+
About This Home
As of October 2019Five units in prime South Pasadena location! 334 Pasadena Avenue is comprised of one 2BD/1BA unit and four 1BD/1BA units, all separately metered for electric and water. The property currently operates at a 24.29 GRM and 2% cap rate and boasts a 70% upside in rents and chance to add additional income from laundry room, storage and parking allowing the building to operate at a GRM of 13.85 and pro forma cap rate of 4.9%. Built in 1961, the property has been well maintained with no deferred maintenance. Great location! Walking distance to Metro stop, close to Arroyo Vista Elementary School and Arroyo Seco Raquet Club. Please email for complete offering package.
Last Agent to Sell the Property
John Alden
Alden Pacific Investments, Inc. License #02114291 Listed on: 07/15/2019
Last Buyer's Agent
Brian Zuckerman
Alden Pacific Investments, Inc. License #02086186
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 8,031 Sq Ft Lot
- Two or More Common Walls
Home Design
- 4,186 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Parking
- 6 Parking Spaces
- 6 Carport Spaces
Additional Features
- Laundry Room
- Property is near public transit
Listing and Financial Details
- Tax Lot 117
- Tax Tract Number 4807
- Assessor Parcel Number 5313010056
Community Details
Overview
- 5 Units
Recreation
- Park
Building Details
- 4 Leased Units
- 6 Separate Electric Meters
- 6 Separate Water Meters
- Electric Expense $735
- Insurance Expense $1,437
- Professional Management Expense $6,000
- Trash Expense $1,200
- Water Sewer Expense $2,200
- New Taxes Expense $12,000
- Operating Expense $23,572
- Gross Income $77,916
- Net Operating Income $34,387
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/01/2019 10/01/19 | Sold | $1,910,000 | -1.5% | $456 / Sq Ft |
| 07/27/2019 07/27/19 | Pending | -- | -- | -- |
| 07/15/2019 07/15/19 | For Sale | $1,940,000 | -- | $463 / 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 | $34,006 | $2,788,854 | $1,114,268 | $1,674,586 |
| 2024 | $34,006 | $2,734,171 | $1,092,420 | $1,641,751 |
| 2023 | $33,301 | $2,680,560 | $1,071,000 | $1,609,560 |
| 2022 | $32,543 | $2,628,000 | $1,050,000 | $1,578,000 |
| 2021 | $24,513 | $1,929,787 | $1,060,878 | $868,909 |
| 2020 | $24,179 | $1,910,000 | $1,050,000 | $860,000 |
| 2019 | $15,018 | $1,140,722 | $637,275 | $503,447 |
| 2018 | $14,597 | $1,118,356 | $624,780 | $493,576 |
| 2016 | $13,531 | $1,074,931 | $600,520 | $474,411 |
| 2015 | $13,309 | $1,058,785 | $591,500 | $467,285 |
| 2014 | $13,151 | $1,038,046 | $579,914 | $458,132 |
Source: Public Records
Agents Affiliated with this Home
-
-
B
Buyer's Agent in 2019
Brian Zuckerman
Alden Pacific Investments, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19168024
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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