NOT LISTED FOR SALE

371 Grace Dr South Pasadena, CA 91030

Estimated Value: $1,714,000 - $2,442,968

2 Beds
1 Bath
2,442 Sq Ft
$869/Sq Ft Est. Value

Last Sold June 19, 2014

Last sale price $1,255,000 $514 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $12,660/month

12 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Cul-De-Sac
  • Arroyo Vista Elementary Rated A+
  • No HOA
  • Built-In Features

About This Home

As of June 2014

Prime Area of So.Pasadena. Ranch style single family looking Duplex. Cul-de-sac street. each unit offers spacious 2 bedrooms and 1.5 bathrooms, spacious living with fire place. front has built in book shelves,cute and clean kitchen, own laundry area, own 2 car garage.Hardwood floors and tile flooring in front unit. back unit has combination of laminated floors and hardwood floors. Both unit has lots of storage spaces. Nice size of yard. Close to popular Pasadena's restaurants, shops, metro station.Freshly painted.
Excellent schools, affluent living neighborhood. Live one and collect additional income.

Last Agent to Sell the Property

Young Ahn

Century 21 Ludecke Inc. License #01098098 Listed on: 04/30/2014

Century 21 Ludecke Inc.

Last Buyer's Agent

Sharon Chou

High Ten Partners, Inc. License #01122649

High Ten Partners, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 9,283 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Landscaped
  • Level Lot
  • Corners Of The Lot Have Been Marked
  • Garden
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,442 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Living Room with Fireplace
  • Storage
  • Sump Pump
  • Fire and Smoke Detector

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Sewer Assessments
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 13
  • Tax Tract Number 18345
  • Assessor Parcel Number 5317016003

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,200
  • Net Operating Income $26,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Smoke Detector(s)
  • Zoning: R@
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Parcel Number: 5317016003
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Ceramic Counters, Copper Plumbing Full, Open Floorplan, Storage, Sump Pump, Tile Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 513.92
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Water Heater
  • Heating Type: Central
  • Laundry Features: Common Area, Gas Dryer Hookup, Inside
  • Sewer: Sewer Assessments, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: Cul-De-Sac, Corners Marked, 0-1 Unit/Acre, Front Yard, Garden, Landscaped, Lot 6500-9999, Level with Street
  • Lot Size Sq Ft: 9283.00
  • Lot Size Acres: 0.2130

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1221
  • Gross Income: 2200.00
  • Gross Scheduled Income: 26400.00
  • Lot Size Area: 9283.0000 Square Feet
  • Net Operating Income: 26400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 3
  • Operating Expense: 2000.00
  • Rent Control: No
  • Total Actual Rent: 2200.00

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 18345
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2014
Closed on
Jun 9, 2014
Sold by
Park Kim Yeon
Bought by
K & C Elite Llc
Seller's Agent
Young Ahn
Century 21 Ludecke Inc.
Buyer's Agent
Sharon Chou
High Ten Partners, Inc.
List Price
$11,850,000
Sold Price
$1,255,000
Premium/Discount to List
-$10,595,000
-89.41%
Current Estimated Value
$2,122,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$867,742
Avg. Annual Appreciation
4.66%

Purchase Details

Listed on
Apr 30, 2014
Closed on
May 14, 2014
Sold by
Wey Shiuan
Bought by
Lo Hsien Chun
Seller's Agent
Young Ahn
Century 21 Ludecke Inc.
Buyer's Agent
Sharon Chou
High Ten Partners, Inc.
List Price
$11,850,000
Sold Price
$1,255,000
Premium/Discount to List
-$10,595,000
-89.41%

Purchase Details

Closed on
Jan 16, 2006
Sold by
Sanchez Ronald G
Bought by
Park Km Yeon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.08%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 2, 2000
Sold by
Suding Robert A
Bought by
Sanchez Ronald G and Brooks Erin P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
10.5%

Purchase Details

Closed on
Mar 8, 1994
Sold by
Moffat Thomas G
Bought by
Suding Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
7.59%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
K & C Elite Llc $1,255,000 None Available
Lo Hsien Chun -- None Available
Park Km Yeon $1,020,000 Equity Title Company
Sanchez Ronald G $360,000 Fidelity National Title Ins
Suding Robert A $335,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Park Km Yeon $500,000
Previous Owner Sanchez Ronald G $306,000
Previous Owner Suding Robert A $259,000
Closed Sanchez Ronald G $18,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2014 06/19/14 Sold $1,255,000 -89.4% $514 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
04/30/2014 04/30/14 For Sale $11,850,000 -- $4,853 / 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 $18,715 $1,538,446 $1,078,754 $459,692
2024 $18,715 $1,508,281 $1,057,602 $450,679
2023 $18,319 $1,478,708 $1,036,865 $441,843
2022 $17,895 $1,449,715 $1,016,535 $433,180
2021 $17,580 $1,421,290 $996,603 $424,687
2019 $17,070 $1,379,137 $967,045 $412,092
2018 $16,568 $1,352,096 $948,084 $404,012
2016 $15,340 $1,299,595 $911,270 $388,325
2015 $15,095 $1,280,074 $897,582 $382,492
2014 -- $1,137,085 $914,130 $222,955
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14088770

California Regional Multiple Listing Service (CRMLS)

APN: 5317-016-003