NOT LISTED FOR SALE
3 Beds
3 Baths
17,922 Sq Ft
0.62 Acres

Last Sold May 27, 2014

Last sale price $1,300,000 $73 Per Sq Ft

176 Days on Market

About This Home

As of May 2014

Drive-by only. Do not enter property without first making an appointment. Manager will report any individuals that enter property as there have been issues with buyers and brokers entering the property.
The Sol y Cielo Apartments consists of large (10) 1-Bedroom/1-Bathroom and (10) 2-Bedroom/2-Bathroom units. The property has been recently renovated, has Securitized Entry, Carports and Laundry Facilities. The units have Central Air Conditioning & Heat, New Windows, Fireplaces, Walk-In Closets & Dishwashers.
The owner has rehabbed the property and it is in excellent pride of ownership condition and is 100% occupied.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 10/16/2013

Last Buyer's Agent

Cecil Lam

Keller Williams Realty/Pasadena License #01061572

Keller Williams Realty/Pasadena

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 0.62 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 17,922 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 33 Parking Spaces
  • 30 Carport Spaces

Listing and Financial Details

  • Assessor Parcel Number 3008015037

Community Details

Overview

  • 20 Units

Building Details

  • 21 Separate Electric Meters
  • 21 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,920
  • Insurance Expense $5,377
  • Maintenance Expense $13,997
  • Other Expense $1,500
  • Trash Expense $4,833
  • Water Sewer Expense $4,834
  • New Taxes Expense $15,370
  • Gross Income $14,580
  • Net Operating Income $108,841

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0.62 Acres

Listing Details

  • CapRate: 7.80
  • Property Attached: Yes
  • Water Sewer Expenses: 4834.00
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 3008015037
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 72.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 30.00
  • Total Parking Spaces: 33.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 4833.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 26898.00
  • Lot Size Acres: 0.6170

Multi Family

  • Gross Income: 14580.00
  • Gross Multiplier: 7.97
  • Gross Scheduled Income: 174960.00
  • Gross Spendable Income: 48902.00
  • Insurance Expense: 5377.00
  • Lot Size Area: 26898.0000 Square Feet
  • Maintenance Expense: 13997.00
  • Maintenance Percent: 8.00
  • Net Operating Income: 108841.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 57371.00
  • Operating Expense Percent: 32.80
  • Other Expense: 1500.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 14375.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 15370.00
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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
05/27/2014 05/27/14 Sold $1,300,000 -10.3% $73 / Sq Ft
04/10/2014 04/10/14 Pending -- -- --
10/16/2013 10/16/13 For Sale $1,450,000 -- $81 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $37,589 $2,165,416 $328,093 $1,837,323
2024 $37,589 $2,122,958 $321,660 $1,801,298
2023 $37,299 $2,081,332 $315,353 $1,765,979
2022 $36,003 $2,040,522 $309,170 $1,731,352
2021 $35,256 $2,000,512 $303,108 $1,697,404
2020 $32,453 $1,791,000 $267,240 $1,523,760
2019 $32,123 $1,756,000 $262,000 $1,494,000
2018 $28,005 $1,406,578 $215,472 $1,191,106
2016 $26,238 $1,346,194 $207,106 $1,139,088
2015 $26,004 $1,325,974 $203,996 $1,121,978
2014 -- $819,703 $122,955 $696,748
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13212387

California Regional Multiple Listing Service (CRMLS)
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