NOT LISTED FOR SALE

Estimated Value: $988,000 - $1,454,813

5 Beds
2 Baths
1,910 Sq Ft
$621/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $1,000,000 $524 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,193/month

10 Days on Market

Highlights

  • Balcony
  • Cooling System Mounted To A Wall/Window
  • Bike Trail
  • Pasadena High School Rated A
  • Laundry Room
  • Combination Of Heating Systems

About This Home

As of January 2022

Dont’t miss this great opportunity Duplex in a highly desirable Pasadena neighborhood. The property features a large flat lot with a front unit that is 2 bedrooms and 1 bathroom and 2 story rear house built in 1964 that is 3 bedrooms and 1 bathroom. The back house was originally designated as a guest house but has been converted nicely with a cute koi pond. Rear home can be delivered Vacant at close of escrow. Seller prefers to sell in as-is condition. For simpler management, Duplex has separate water, electrical, and gas meters! The front unit could use some TLC and updating, but features an open floor plan and relatively easy to perform cosmetic remodel. The back unit is in move-in condition but also has plenty of space to make larger and/or add living area taking advantage of SB9 legislation. Bonus: Property has LCR105 Pasadena Zoning which may allow for some form of Commercial/Retail usage in future- Buyer to verify with City. Live in one unit and rent the other one or rent out both units - plenty of options depending on your situation. First time on market and same Owners for the past 30 years. This property is relatively close to Caltech, PCC and across the street from Willard Elementary School and Wilson Middle School. Many public transportation options such as the bus stop which can take riders to old town Pasadena or PCC. The Madre Metro gold line station is conveniently located only a few blocks away and can transfer to so many great LA destinations that Metro offers. Property is priced to sell so make sure you come check out this wonderful Duplex soon. All info deemed reliable but cannot be guaranteed, Buyer shall conduct own due diligence and satisfy themselves regarding bedroom & bathroom count, Permits, sqft & lot size, etc.

Last Agent to Sell the Property

David Chuc

Coldwell Banker Dynasty T.C. License #01443862 Listed on: 11/14/2021

Coldwell Banker Dynasty T.C.

Last Buyer's Agent

CORRINE LIU

Pinnacle Real Estate Group License #02065580

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 7,487 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,910 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Combination Of Heating Systems
  • Phone Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 171
  • Tax Tract Number 6249
  • Assessor Parcel Number 5754010016
  • $768 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,000
  • Operating Expense $2,000
  • Gross Income $55,000
  • Net Operating Income $55,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LCR105
  • Property Type: Residential Income
  • Parcel Number: 5754010016
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 523.56

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Combination
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7487.00
  • Lot Size Acres: 0.1719
  • Latitude Manual: 34.14252900

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 55000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7487.0000 Square Feet
  • Net Operating Income: 55000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 5000.00
  • Rent Control: No
  • Total Actual Rent: 5500.00
  • Total Expenses: 2000.00

Tax Info

  • Tax Census Tract: 4631.02
  • Tax Lot: 171
  • Tax Tract Number: 6249
  • TaxOtherAnnualAssessmentAmount: 768.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2021
Closed on
Jan 18, 2022
Sold by
Chuc Family Trust
Bought by
Miao Zhuang and Yin Siyu
Seller's Agent
David Chuc
Coldwell Banker Dynasty T.C.
Buyer's Agent
CORRINE LIU
Pinnacle Real Estate Group
List Price
$980,000
Sold Price
$1,000,000
Premium/Discount to List
$20,000
2.04%
Current Estimated Value
$1,185,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,703
Avg. Annual Appreciation
4.33%
Original Mortgage
$609,000
Outstanding Balance
$561,269
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$624,434

Purchase Details

Closed on
Apr 11, 2013
Sold by
Chue Ich Dinh and Chuc Kim Tran
Bought by
Chuc Ich Dinh and Chuc Kim Tran

Purchase Details

Closed on
Jan 9, 2013
Sold by
Chuc Ichdinh and Chuc Kim Tran
Bought by
Chuc Ichdinh and Chuc Kim Tran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2011
Sold by
Chuc Ich Dinh and Chuc Kim Tran
Bought by
Chuc Ich Dinh and Chuc Kim Tran
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
Miao Zhuang $1,000,000 New Title Company Name
Chuc Ich Dinh -- None Available
Chuc Ichdinh -- Ticor Title Company
Chuc Ich Dinh -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miao Zhuang $609,000
Previous Owner Chuc Ichdinh $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2022 06/12/22 Price Changed $2,800 0.0% $3 / Sq Ft
06/12/2022 06/12/22 For Rent $2,800 -6.7% --
05/18/2022 05/18/22 For Rent $3,000 0.0% --
01/21/2022 01/21/22 Sold $1,000,000 +2.0% $524 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/14/2021 11/14/21 For Sale $980,000 -- $513 / 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 $12,286 $1,061,207 $742,845 $318,362
2024 $12,286 $1,040,400 $728,280 $312,120
2023 $12,179 $1,020,000 $714,000 $306,000
2022 $5,130 $397,847 $318,289 $79,558
2021 $4,930 $390,048 $312,049 $77,999
2020 $4,752 $386,050 $308,850 $77,200
2019 $4,759 $378,482 $302,795 $75,687
2018 $4,768 $371,061 $296,858 $74,203
2016 $4,613 $356,655 $285,332 $71,323
2015 $4,563 $351,299 $281,047 $70,252
2014 $4,476 $344,418 $275,542 $68,876
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21248603

California Regional Multiple Listing Service (CRMLS)

APN: 5754-010-016