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

Sale Details

Date 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

  • 26,898 Sq Ft 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,690,000
Interest Rate
0.037%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 7, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
0.047%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 15, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
0.047%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 16, 2013
Closed on
Apr 3, 2014
Sold by
Bought by
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
Cecil Lam
Keller Williams Realty/Pasadena
List Price
$1,450,000
Sold Price
$1,300,000
Premium/Discount to List
-$150,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.0438%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 12, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
0.0402%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 4, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 7, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 12, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 24, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,088,750
Interest Rate
0.064%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2006
Sold by
Bought by

Purchase Details

Closed on
Sep 23, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 11, 2002
Sold by
Bought by

Purchase Details

Closed on
Mar 28, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,000
Interest Rate
0.0599%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 13, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,000
Interest Rate
0.0599%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2000
Sold by
Bought by

Purchase Details

Closed on
Apr 5, 2000
Sold by
Bought by

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
0.0887%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2000
Sold by
Bought by

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
0.0887%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Orange Coast Title Company
-- None Available
$1,750,000 Orange Coast Title Co
$1,300,000 Chicago Title
-- Lawyers Title
$710,000 Lawyers Title
$1,167,000 None Available
-- None Available
-- None Available
-- None Available
-- Fidelity
-- None Available
-- None Available
-- None Available
-- --
-- --
$660,000 --
-- --
-- South Coast Title
-- South Coast Title
-- South Coast Title
$586,240 --
$500,000 South Coast Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,690,000
Previous Owner $1,750,000
Previous Owner $750,000
Previous Owner $568,000
Previous Owner $1,088,750
Previous Owner $429,000
Previous Owner $19,499
Previous Owner $19,499
Previous Owner $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $40,218 $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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