39 N Michigan Ave Pasadena, CA 91106
Playhouse Village Neighborhood
8
Beds
4
Baths
2,256
Sq Ft
8,795
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- Landscaped
- Blair High School Rated A-
About This Home
As of July 2025This Licensed Rooming House sits 100 yards from the TOURNAMENT OF ROSES ROUTE! A well maintained turn of the century Craftsman home with 8 bedrooms and 4 baths, it is currently used as a licensed boarding house (county information is not complete). Plenty of redevelopment on Michigan due to lot size, for multi units or a large residence
It's unique two story layout with basement includes five bedrooms down and 3 bedrooms up Bathrooms total 4; each level has a common bathroom , plus a full bathroom in units#2 and unit#3. The home includes a basement AND an attic, a detached garage total of 9 parking places, 8 in the rear and 1 in the front. Currently being used as a licensed boarding house with good occupants and steady income. Highest and best use? Your call! A great opportunity for a large family, homeowner, investor and developer in the great city of Pasadena
PLEASE DO NOT DISTURB THE OCCUPANTS DRIVE BY ONLY We will arrange interior look for qualified investors/buyers. The on-site property manager and occupants would love to remain in the property...interested buyers/investors, please specify your anticipated use in your offers
Last Agent to Sell the Property
Millennium 3 Real Estate Brokerage Phone: 714-267-1413 License #00989193 Listed on: 12/04/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,255
Year Built
- Built in 1910
Lot Details
- 8,795 Sq Ft Lot
- No Common Walls
- Landscaped
Parking
- 2 Car Garage
- 2 Carport Spaces
- Parking Available
Interior Spaces
- 2,256 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 5738013012
- $641 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
Building Details
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $11,400
- Fuel Expense $1
- Insurance Expense $5,016
- Maintenance Expense $2,880
- Professional Management Expense $9,240
- Trash Expense $1
- Water Sewer Expense $6,000
- Operating Expense $1
- Gross Income $1
- Net Operating Income $34,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 4, 2024
Closed on
Jul 21, 2025
Sold by
George And Josephine Arkfeld Family Trus and Arkfeld Daniel G
Bought by
Zin/Chan Family Trust and Zin
Seller's Agent
Len Beckman
Millennium 3 Real Estate
Buyer's Agent
terry quan
eXp Realty of Greater L.A. Inc
List Price
$1,600,000
Sold Price
$950,000
Premium/Discount to List
-$650,000
-40.62%
Views
167
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18776020.41%
Original Mortgage
$665,000
Outstanding Balance
$665,000
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$702,514
Purchase Details
Closed on
Dec 21, 2020
Sold by
Arkfeld George M
Bought by
Arkfeld George M and Arkfeld George
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 28, 2006
Sold by
Li Hong Ying
Bought by
Tanihaha Enterprises Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 24, 2005
Sold by
Arkfeld George M
Bought by
Arkfeld George M and Arkfeld Josephine B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Mar 15, 2005
Sold by
Chow Jennet
Bought by
Li Hong Ying and Ju Rixing
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 10, 2005
Sold by
Chen Jia Lun
Bought by
Ju Rixing
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 6, 2004
Sold by
Yee Lawrence N
Bought by
Chen Michael and Chow Jennet
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 31, 2001
Sold by
Trust Arkfeld, George M Co Tr G And J Ark
Bought by
Arkfeld George M and Arkfeld Josephine B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.98%
Purchase Details
Closed on
Aug 3, 1995
Sold by
Yee Lawrence N
Bought by
Yee Lawrence N and Yee Lawrence Ngue
Purchase Details
Closed on
Oct 27, 1994
Sold by
Arkfeld George M
Bought by
Arkfeld George M and Arkfeld Josephine B
Similar Homes in Pasadena, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $950,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Unisource | |
| Interfamily Deed Transfer | -- | Unisource | |
| Grant Deed | $800,000 | United Independent Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $688,000 | Chicago Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $627,000 | California Title | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $665,000 | New Conventional | |
| Previous Owner | $395,000 | New Conventional | |
| Previous Owner | $1,200,000 | Unknown | |
| Previous Owner | $2,050,000 | Construction | |
| Previous Owner | $480,000 | Purchase Money Mortgage | |
| Previous Owner | $495,950 | Negative Amortization | |
| Previous Owner | $487,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $400,000 | New Conventional | |
| Previous Owner | $300,000 | Purchase Money Mortgage | |
| Previous Owner | $157,500 | No Value Available | |
| Closed | $87,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | Sold | $950,000 | -36.7% | $421 / Sq Ft |
| 03/05/2025 03/05/25 | Price Changed | $1,499,985 | 0.0% | $665 / Sq Ft |
| 02/17/2025 02/17/25 | Price Changed | $1,499,987 | 0.0% | $665 / Sq Ft |
| 01/27/2025 01/27/25 | Price Changed | $1,499,988 | -6.3% | $665 / Sq Ft |
| 12/04/2024 12/04/24 | For Sale | $1,600,000 | -- | $709 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $1,255 | $56,492 | $44,507 | $11,985 |
| 2024 | $1,255 | $55,385 | $43,635 | $11,750 |
| 2023 | $1,242 | $54,300 | $42,780 | $11,520 |
| 2022 | $1,211 | $53,237 | $41,942 | $11,295 |
| 2021 | $1,162 | $52,194 | $41,120 | $11,074 |
| 2019 | $1,133 | $50,648 | $39,901 | $10,747 |
| 2018 | $1,032 | $49,656 | $39,119 | $10,537 |
| 2017 | $1,008 | $48,683 | $38,352 | $10,331 |
| 2016 | $958 | $47,729 | $37,600 | $10,129 |
| 2015 | $946 | $47,013 | $37,036 | $9,977 |
| 2014 | $948 | $46,093 | $36,311 | $9,782 |
Source: Public Records
Agents Affiliated with this Home
-
L
Seller's Agent in 2025
Len Beckman
Millennium 3 Real Estate
-
t
Buyer's Agent in 2025
terry quan
eXp Realty of Greater L.A. Inc
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24242240
APN: 5738-013-012
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