NOT LISTED FOR SALE

359 Parke St Pasadena, CA 91101

Northwest Pasadena Neighborhood
15 Beds
10 Baths
7,196 Sq Ft
0.26 Acres

Last Sold February 11, 2016

Last sale price $2,020,000 $281 Per Sq Ft

38 Days on Market

About This Home

As of February 2016

CALL FOR OFFERS!! DUE BY THURSDAY, NOV.5, 5:00PM We are pleased to present this 10 unit, non-rent control apartment complex on a quiet, residential street in Pasadena. This is a bread and butter apartment property that is easy to manage with a strong tenant base as well as upside. It has a great unit mix of Five 2 bedroom and Five 1 bedroom units each with separate water heaters. The building was recently painted and the Pitched roof is about 6 years old. Some units have been updated inside with laminate and tile flooring. It features carport parking with 1 garage space and additional open parking for a total of 14 on-site spaces. Located directly across from a park & ample street parking. There is an on-site laundry room with two washer/dryer coin-operated sets, Landlord OWNED and included with the sale. All units are separately metered for gas & electric, landlord pays water, trash and electricity/gas ONLY for laundry room. DO NOT DISTURB OR APPROACH TENANTS DRIVE BY ONLY

Last Agent to Sell the Property

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652 Listed on: 10/06/2015

Co-Listed By

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644

Last Buyer's Agent

Babak Siminou

Simco Enterprises Inc License #00980111

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.26 Acre Lot

Interior Spaces

  • 7,196 Sq Ft Home
  • 2-Story Property
  • Disposal
  • Laundry Room

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 10 Bathrooms

Parking

  • 1 Car Garage
  • Uncovered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5725-029-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7196
  • Lot Dimensions: A1
  • Stories: 2
  • Year Built: 1957
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Laundry: Room
  • Laundry Equipment: Own
  • Total Bathrooms: 10.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 291.13

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Covered Parking, Garage - 1 Car, Uncovered
  • Total Parking: 14

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Water Expense: 4200.00

Fee Information

  • Gas Expense: 600.00
  • Insurance Expense: 2878.00
  • Maintenance Expense: 7155.00
  • Other Expense: 1500.00
  • Trash Expense: 2700.00

Lot Info

  • Assessed Improvement Value: 753873
  • Assessed Land Value: 579902
  • Assessor Parcel Number: 5725-029-018
  • Geocode Override: No
  • Lot Size Area: 11421

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 14.83
  • Number Of Units: 10
  • Type Of Units: 2+1 1+1

Tax Info

  • Tax Expense: 25140.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2016 02/11/16 Sold $2,020,000 -3.6% $281 / Sq Ft
11/13/2015 11/13/15 Pending -- -- --
10/06/2015 10/06/15 For Sale $2,095,000 -- $291 / Sq Ft
Source: The MLS

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 $27,964 $2,391,264 $1,183,794 $1,207,470
2024 $27,964 $2,344,378 $1,160,583 $1,183,795
2023 $27,734 $2,298,411 $1,137,827 $1,160,584
2022 $26,796 $2,253,345 $1,115,517 $1,137,828
2021 $25,706 $2,209,163 $1,093,645 $1,115,518
2019 $24,761 $2,143,640 $1,061,208 $1,082,432
2018 $25,162 $2,101,608 $1,040,400 $1,061,208
2016 $16,890 $1,354,114 $588,745 $765,369
2015 $16,699 $1,333,775 $579,902 $753,873
2014 $16,410 $1,307,649 $568,543 $739,106
Source: Public Records

Agents Affiliated with this Home

  • Alexander Metaxas

    Seller's Agent in 2016

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    1 in this area

    37 Total Sales

    Alexander Metaxas
    Section Image
  • Benjamin Hsiang

    Seller Co-Listing Agent in 2016

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    1 in this area

    73 Total Sales

    Benjamin Hsiang
    Section Image

  • B

    Buyer's Agent in 2016

    Babak Siminou

    Simco Enterprises Inc

    (818) 986-2274

    3 Total Sales

    Babak Siminou
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 15-947555

The MLS
California Los Angeles County Pasadena 91101 Northwest Pasadena

359 Parke St, Pasadena, CA

Not Listed for Sale

MultiFamily

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