NOT LISTED FOR SALE

409 N Garfield Ave Pasadena, CA 91101

Northwest Pasadena Neighborhood

Estimated Value: $1,116,000 - $1,585,000

3 Beds
2 Baths
1,723 Sq Ft
$764/Sq Ft Est. Value

Last Sold August 10, 2018

Last sale price $900,000 $522 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $8,059/month

37 Days on Market

Highlights

  • 8 Car Attached Garage
  • Ceiling Fan
  • 3-minute walk to Villa Parke
  • John Muir High School Rated A-

About This Home

As of August 2018

!!HUGE PRICE REDUCTION!! REDUCED TO SELL QUICK! Duplex located near downtown Pasadena. Just a couple blocks from Colorado Blvd shopping and restaurants. Minutes to Old town Pasadena and the Rose Bowl. Walking distance to City Hall. Large lot! Can build up to 4 additional units (Buyer to verify actual zoning). Two bedroom was recently updated with granite counter tops in the kitchen and Hardwood floors throughout. One bedroom has hardwood floors throughout. Great property for owner or investor! Great opportunity to own Income Property in Pasadena with great income potential! Submit all offers!

Last Agent to Sell the Property

Nichelle Young

First Vision Real Estate and Financial Services License #02008521 Listed on: 04/25/2018

First Vision Real Estate and Financial Services

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,329

Year Built

  • Built in 1924

Lot Details

  • 8,778 Sq Ft Lot

Parking

  • 8 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 1,723 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas
  • Assessor Parcel Number 5725-027-038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,329

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Please DO NOT disturb tenants, call listing agent for showing appt.
  • Living Area: 1723
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 550.78

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage Is Detached
  • Total Parking: 8

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Gas

Lot Info

  • Assessor Parcel Number: 5725-027-038
  • Geocode Override: No
  • Lot Size Area: 8778

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 20.06
  • Number Of Units: 2
  • Total Annual Expense: 1800
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2022
Sold by
Cobra 28 No 8 Lp
Bought by
Cobra 28 No 5 Lp
Current Estimated Value
$1,315,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,930,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 25, 2018
Closed on
Jun 27, 2018
Sold by
Young Nichelle
Bought by
Cobra 28 No 8 Lp
Seller's Agent
Nichelle Young
First Vision Real Estate and Financial Services
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$999,999
Sold Price
$900,000
Premium/Discount to List
-$99,999
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%

Purchase Details

Listed on
Sep 8, 2015
Closed on
Apr 5, 2016
Sold by
Wu Joseph
Bought by
Young Nichelle and Pollock Jacqueline
Seller's Agent
Jayne Parsons
Keller Williams Realty
List Price
$649,000
Sold Price
$640,000
Premium/Discount to List
-$9,000
-1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.90%
Original Mortgage
$480,000
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2013
Sold by
Wu Christine
Bought by
Wu Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2008
Sold by
Derleth Jason E
Bought by
Wu Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2003
Sold by
Macias Frank J
Bought by
Derleth Jason E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,910
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2003
Sold by
Federal National Mortgage Association
Bought by
Macias Frank J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,900
Interest Rate
5.79%

Purchase Details

Closed on
Jan 6, 2003
Sold by
Chase Manhattan Mtg Corp
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 3, 2003
Sold by
Ayvazyan Noyem
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Oct 31, 2000
Sold by
Starzz Enterprise Inc
Bought by
Ayvazyan Noyem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.41%

Purchase Details

Closed on
Dec 7, 1999
Sold by
Musaderyan Rubik
Bought by
Musaderyan Rozik

Purchase Details

Closed on
Sep 15, 1999
Sold by
Flanders Robert N Co Tr
Bought by
Musaderyan Rozik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
7.96%
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Cobra 28 No 5 Lp -- Orange Coast Title
Cobra 28 No 8 Lp $900,000 None Available
Young Nichelle $640,000 Lawyers Title
Wu Joseph -- Nations Title Company Of Ca
Wu Joseph $389,000 None Available
Derleth Jason E $400,000 Commonwealth Land Title Co
Macias Frank J $282,000 Landsafe Title
Federal National Mortgage Association -- First American Title Ins Co
Chase Manhattan Mtg Corp $225,625 First American
Ayvazyan Noyem $300,000 California Counties Title Co
Starzz Enterprise Inc -- California Counties Title Co
Musaderyan Rozik -- --
Musaderyan Rozik $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cobra 28 No 5 Lp $25,930,000
Previous Owner Young Nichelle $480,000
Previous Owner Wu Joseph $275,000
Previous Owner Wu Joseph $350,000
Previous Owner Derleth Jason E $90,000
Previous Owner Derleth Jason E $45,000
Previous Owner Derleth Jason E $360,000
Previous Owner Derleth Jason E $359,910
Previous Owner Macias Frank J $267,900
Previous Owner Ayvazyan Noyem $30,000
Previous Owner Ayvazyan Noyem $270,000
Previous Owner Musaderyan Rozik $119,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2018 08/10/18 Sold $900,000 -5.2% $522 / Sq Ft
05/30/2018 05/30/18 Price Changed $949,000 -5.1% $551 / Sq Ft
04/26/2018 04/26/18 Price Changed $999,999 +0.1% $580 / Sq Ft
04/25/2018 04/25/18 Price Changed $999,000 -0.1% $580 / Sq Ft
04/25/2018 04/25/18 For Sale $999,999 +56.2% $580 / Sq Ft
04/18/2016 04/18/16 Sold $640,000 -1.4% $371 / Sq Ft
03/30/2016 03/30/16 Pending -- -- --
09/08/2015 09/08/15 For Sale $649,000 -- $377 / 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 $11,329 $1,003,962 $702,774 $301,188
2024 $11,329 $984,278 $688,995 $295,283
2023 $11,233 $964,980 $675,486 $289,494
2022 $10,844 $946,060 $662,242 $283,818
2021 $10,401 $927,510 $649,257 $278,253
2019 $10,010 $900,000 $630,000 $270,000
2018 $7,746 $665,856 $520,200 $145,656
2016 $5,143 $423,158 $314,379 $108,779
2015 $5,086 $416,803 $309,657 $107,146
2014 $4,993 $408,640 $303,592 $105,048
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2018

    Nichelle Young

    First Vision Real Estate and Financial Services

    Section Image

  • C

    Buyer's Agent in 2018

    Christopher Dumayas

    MZ BROKERAGE INC.

    (626) 676-5090

    17 Total Sales

    Christopher Dumayas
    Section Image
  • Jayne Parsons

    Seller's Agent in 2016

    Jayne Parsons

    Keller Williams Realty

    (626) 233-6428

    73 Total Sales

    Jayne Parsons
    Section Image
  • Brian Parsons

    Seller Co-Listing Agent in 2016

    Brian Parsons

    Keller Williams Realty

    (626) 340-8050

    1 in this area

    134 Total Sales

    Brian Parsons
    Section Image
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Map

Source: The MLS

MLS Number: 18-337044

The MLS

APN: 5725-027-038

California Los Angeles County Pasadena 91101 Northwest Pasadena

409 N Garfield Ave, Pasadena, CA

This home is located at 409 N Garfield Ave, Pasadena, CA 91101 since 25 April 2018 and is currently estimated at $1,315,820, approximately $763 per square foot. This property was built in 1924. 409 N Garfield Ave is a home located in Los Angeles County with nearby schools including Madison Elementary School, Octavia E. Butler Magnet, and John Muir High School.

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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