Jeffrey Kam
Green Street Real Estate
(626) 702-2578
8 Total Sales
2 in South Pasadena
$1,875,000 Price Range
350 Pasadena Ave South Pasadena, CA 91030
South Pasadena Area
13
Beds
8
Baths
10,401
Sq Ft
0.33
Acre Lot
About This Home
As of August 2015We are pleased to exclusively offer for sale the 350 Pasadena. If you are looking for a trophy property this is the one! This meticulously maintained 10 unit Multi-Family property consists of 7 over-sized 2-Bedroom & 1 Bathroom Units, and 3 Large 1- Bedroom & 1-Bath Units. The property has frontage on both Arroyo Drive as well as Pasadena Ave. Unit amenities include; private staircases as second entry, over-sized living rooms, kitchens and bedrooms, majority of the rental units offer separate shower stall in addition to bathtub, private dining areas separate of the kitchens, as well as onsite car-port parking and a laundry facility. The overall layout of the interior of the rental units is very desirable and unique making them quit attractive to the local tenant base. There is a courtyard nestled behind the first building which offers the tenants a secluded retreat area. This investment has been owned by the same family for a number of years and offers a new investor substantial upside in rental income. Location is Grade-A situated directly across the street from the Arroyo Sacco Golf Course, and minutes to the Farmer’s Market, schools and transportation.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 05/20/2015
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 14,547 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 10 Parking Spaces
Home Design
- 10,401 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 13 Bedrooms
- 8 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 064
- Tax Tract Number 10
- Assessor Parcel Number 5313010064
Community Details
Overview
- 2 Buildings
- 10 Units
Building Details
- 10 Leased Units
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $870
- Gardener Expense $2,400
- Insurance Expense $4,160
- Maintenance Expense $11,929
- Other Expense $2,000
- Trash Expense $3,515
- Water Sewer Expense $3,515
- New Taxes Expense $43,579
- Gross Income $174,600
- Net Operating Income $98,250
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 5, 2016
Sold by
Bought by
Purchase Details
Listed on
May 20, 2015
Closed on
Jun 24, 2015
Sold by
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$3,400,000
Sold Price
$3,200,000
Premium/Discount to List
-$200,000
-5.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,490,000
Interest Rate
4.05%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 2, 2011
Sold by
Bought by
Purchase Details
Closed on
Nov 18, 2011
Sold by
Bought by
Purchase Details
Closed on
Sep 17, 2009
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Pasadena, CA
-
Jeffrey Kam
-
Nathalie Marles
Nathalie Marles
Berkshire Hathaway HomeServices Crest Real Estate
(747) 223-7083
71 Total Sales
3 in South Pasadena
$1.6M - $3.8M Price Range
-
Mike Chou
Mike Chou
K.W. EXECUTIVE
(626) 653-4295
171 Total Sales
3 in South Pasadena
$1.3M - $1.8M Price Range
-
Allan Mann
Allan Mann
Time Realty Property Management
(805) 790-7958
123 Total Sales
3 in South Pasadena
$4K - $5K Price Range
-
Giusy Mele-Brown
Giusy Mele-Brown
BHHS California Properties
(626) 313-3578
58 Total Sales
3 in South Pasadena
$1.2M - $3.2M Price Range
-
Brian Larsen
Brian Larsen
Beverly and Company, Inc.
(323) 553-5369
15 Total Sales
1 in South Pasadena
$1,691,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | North American Title Company | ||
| $3,200,000 | Fidelity National Title | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,600,000 | ||
| Previous Owner | $1,490,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/18/2015 08/18/15 | Sold | $3,200,000 | -5.9% | $308 / Sq Ft |
| 06/04/2015 06/04/15 | Pending | -- | -- | -- |
| 05/20/2015 05/20/15 | For Sale | $3,400,000 | -- | $327 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $49,984 | $4,178,797 | $1,669,151 | $2,509,646 |
| 2024 | $51,353 | $4,096,861 | $1,636,423 | $2,460,438 |
| 2023 | $50,303 | $4,016,532 | $1,604,337 | $2,412,195 |
| 2022 | $49,169 | $3,937,778 | $1,572,880 | $2,364,898 |
| 2021 | $48,302 | $3,860,568 | $1,542,040 | $2,318,528 |
| 2019 | $46,942 | $3,746,063 | $1,496,303 | $2,249,760 |
| 2018 | $45,830 | $3,672,612 | $1,466,964 | $2,205,648 |
| 2016 | $38,723 | $3,200,000 | $1,280,000 | $1,920,000 |
| 2015 | $6,353 | $300,651 | $92,591 | $208,060 |
| 2014 | $6,359 | $294,763 | $90,778 | $203,985 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Seller's Agent in 2015
Kristopher German
RE/MAX
(909) 645-0443
127 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV15108081
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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