NOT LISTED FOR SALE

Estimated Value: $916,000 - $1,254,500

3 Beds
2 Baths
1,505 Sq Ft
$707/Sq Ft Est. Value

Last Sold January 22, 2018

Last sale price $475,000 $316 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $6,395/month

45 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Foothills
  • John Muir High School Rated A-
  • Laundry Room

About This Home

As of January 2018

PRICE REDUCED TO REFLECT WORK NEEDED. Drive by only, do not disturb tenants in any way or trespass onto property, property to be sold in “as is” condition. Attention INVESTORS!! This Duplex in Pasadena is minutes from the Rose Bowl and Downtown. Property is in need of rehab, but there is huge upside once the units have been updated. Bottom unit is a spacious 2 bedrooms with a small den, one bath, good sized kitchen and indoor laundry. Upstairs unit is a one bedroom, one bath unit with indoor washer and dryer hook-ups. They used to have a 3rd un-attached studio unit on the property but was done without permits so they converted the space to storage. Could possibly be turned back into a 3rd unit with proper permits and city approval.

Last Agent to Sell the Property

Jessica Eubanks

SIMPLE REAL ESTATE GROUP License #01911855 Listed on: 08/01/2017

Co-Listed By

Alex Oddo

SIMPLE REAL ESTATE GROUP License #01198905

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,506

Year Built

  • Built in 1917

Lot Details

  • 7,408 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Home Design

  • Property Attached

Interior Spaces

  • 1,505 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 4
  • Tax Tract Number 7500
  • Assessor Parcel Number 5729026003

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Foothills

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,920
  • Trash Expense $1,020
  • Water Sewer Expense $1,200
  • Operating Expense $4,140
  • Gross Income $40,860
  • Net Operating Income $40,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,506

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: PSR1
  • Property Type: Residential Income
  • Parcel Number: 5729026003
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 315.61

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 1020.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Yard
  • Lot Size Sq Ft: 7408.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 40860.00
  • Gross Scheduled Income: 45000.00
  • Insurance Expense: 1920.00
  • Net Operating Income: 40860.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 4140.00
  • Rent Control: No
  • Total Actual Rent: 3700.00
  • Total Expenses: 4140.00

Tax Info

  • Tax Census Tract: 4620.01
  • Tax Lot: 4
  • Tax Tract Number: 7500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2017
Sold by
Stewart John Burrell and Stewart Reginald Anthony
Bought by
Estrada Lester and Gonzalez Lourdes D
Current Estimated Value
$1,069,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,082
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 3, 2012
Sold by
Bowie Mildred Lorraine
Bought by
Mildred Lorraine Bowie Revocable Living

Purchase Details

Closed on
Jan 25, 2007
Sold by
Bowie Mildred Hague and Bowle Mildred Hague
Bought by
Bowie Mildred Hague

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.11%
Mortgage Type
New Conventional
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
Estrada Lester $475,000 Stewart Title
Mildred Lorraine Bowie Revocable Living -- None Available
Bowie Mildred Hague -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Estrada Lester $480,000
Previous Owner Estrada Lester $500,082
Previous Owner Bowie Mildred Hague $110,000
Previous Owner Bowie Mildred Hague $21,467
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2018 01/22/18 Sold $475,000 0.0% $316 / Sq Ft
09/18/2017 09/18/17 Off Market $475,000 -- --
09/15/2017 09/15/17 Price Changed $509,999 -8.8% $339 / Sq Ft
09/15/2017 09/15/17 Pending -- -- --
08/01/2017 08/01/17 For Sale $559,000 -- $371 / 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 $6,506 $560,430 $378,894 $181,536
2024 $6,506 $549,442 $371,465 $177,977
2023 $6,449 $538,670 $364,182 $174,488
2022 $6,229 $528,109 $357,042 $171,067
2021 $5,977 $517,755 $350,042 $167,713
2019 $60 $484,500 $339,660 $144,840
2018 $5,260 $436,968 $332,928 $104,040
2016 $796 $37,229 $16,956 $20,273
2015 $786 $36,671 $16,702 $19,969
2014 $791 $35,953 $16,375 $19,578
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17176462

California Regional Multiple Listing Service (CRMLS)

APN: 5729-026-003