NOT LISTED FOR SALE

Estimated Value: $1,429,000 - $1,845,000

1 Bed
4 Baths
4,560 Sq Ft
$352/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $1,443,000 $316 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,820/month

2 Days on Market

Highlights

  • Golf Course Community
  • Dual Staircase
  • Spanish Architecture
  • Pasadena High School Rated A
  • Wood Flooring
  • Hiking Trails

About This Home

As of September 2022

Character 4 -plex spanish influence. large living rm with Faux fire place decorative only. original Hardwood floors, Coved ceilings, large closet storage. good window coverage, some dual payne windows upper units only.Formal dinning rm original french doors, coved ceiling detail, Beautiful HW floors throught, coat closet.some of the doors & mouldings maintain beautiful original exposed wood grain finishes.Kitchen in this unit features granite tops, 2- window over stainless sink, large tile floor, small brekfast area.Good size 1- bedroom units with closet storage HW floors, 2 viewing windows. Each unit has service porch laundry areaEach unit has 2- entrancesEach unit has own water heater some newer4- Gas 4- elect metersTenants pay their own trash, gas, electric.4- One car garages in rear + a 14x17 storage rm attached to garage. may convert to 5 garage or a use of buyers choice.4- tenant parking spots on concrete in front of garages, Note appraiser drawing attached shows upper units at 1163 sq feet ea. lower units at 1121 sqft ea.The adjacent building split the living room to make a 2 bdrm unit. it currently rents for $ 3000 p/m. rehabed condition. check with city.First time offered in over 50 yearsTrust sale sold in disclosed As- Is Conditionunit pictured is uppper unit.Long term tenants range from 16 - 30 yearsunder market rents.termendous upside potentian for experienced investor to remodel & update.This is a great building, their hard to find with this sq footage, and garages.will make someone a good investment.

Last Agent to Sell the Property

Eddie Kanouse

Coldwell Banker Realty License #00939285 Listed on: 07/18/2022

Coldwell Banker Realty

Last Buyer's Agent

RAE ZHANG

RE/MAX CHAMPIONS License #02011752

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 8,068 Sq Ft Lot
  • No Common Walls
  • No Sprinklers

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Stucco

Interior Spaces

  • 4,560 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Double Pane Windows
  • Wood Frame Window
  • Living Room
  • Storage
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for sewer, water
  • Tax Lot 8
  • Assessor Parcel Number 5749019013

Community Details

Overview

  • 4 Units

Recreation

  • Golf Course Community
  • Hiking Trails

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $600
  • Insurance Expense $3,842
  • Water Sewer Expense $2,400
  • Operating Expense $7,142
  • Gross Income $70,800
  • Net Operating Income $62,242

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 3.67
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: PSR3
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5749019013
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 316.45
  • Room Type: Living Room, Laundry
  • Window Features: Double Pane Windows, Wood Frames

Exterior Features

  • Fence: No
  • Pool Private: No
  • Roof: Other
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

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

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Unknown

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Golf, Hiking

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 8068.00
  • Lot Size Acres: 0.1852

Rental Info

  • Tenant Pays: Sewer, Water

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 70800.00
  • Gross Multiplier: 23.98
  • Gross Scheduled Income: 70800.00
  • Insurance Expense: 3842.00
  • Lot Size Area: 8068.0000 Square Feet
  • Net Operating Income: 62242.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7142.00
  • Rent Control: No
  • Total Expenses: 7142.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Sep 8, 2022
Sold by
Enriquez Ruben R and Enriquez Maria
Bought by
Liu Ronggang and Wu Zhixiu
Seller's Agent
Eddie Kanouse
Coldwell Banker Realty
Buyer's Agent
RAE ZHANG
RE/MAX CHAMPIONS
List Price
$1,698,000
Sold Price
$1,443,000
Premium/Discount to List
-$255,000
-15.02%
Current Estimated Value
$1,599,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,034
Avg. Annual Appreciation
3.36%
Original Mortgage
$750,000
Outstanding Balance
$718,383
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$888,571

Purchase Details

Closed on
May 10, 2010
Sold by
Enriquez Ruben R and Enriquez Maria
Bought by
Enriquez Ruben R and Enriquez Maria M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Liu Ronggang $1,443,000 Equity Title
Enriquez Ruben R -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Ronggang $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2022 09/23/22 Sold $1,443,000 -9.7% $316 / Sq Ft
08/09/2022 08/09/22 Price Changed $1,598,000 -5.9% $350 / Sq Ft
07/18/2022 07/18/22 For Sale $1,698,000 -- $372 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $17,306 $1,501,297 $832,320 $668,977
2024 $17,306 $1,471,860 $816,000 $655,860
2023 $17,163 $1,443,000 $800,000 $643,000
2022 $2,071 $1,632,000 $979,200 $652,800
2021 $1,984 $81,939 $19,450 $62,489
2020 $1,940 $81,100 $19,251 $61,849
2019 $1,936 $79,511 $18,874 $60,637
2018 $1,800 $77,953 $18,504 $59,449
2016 $1,669 $74,929 $17,787 $57,142
2015 $1,649 $73,804 $17,520 $56,284
2014 $1,654 $72,359 $17,177 $55,182
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-10520

Pasadena-Foothills Association of REALTORS®

APN: 5749-019-013