NOT LISTED FOR SALE

Estimated Value: $4,244,274

1 Bed
1 Bath
700 Sq Ft
$6,063/Sq Ft Est. Value

Highlights

  • 0.46 Acre Lot
  • Mountain View
  • No HOA
  • Blair High School Rated A-
  • Private Yard
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2023

Located in desirable Madison Heights offers convenient modern living with a spacious one bedroom / one bath. The interior offers a lot of natural lights with brand new windows throughout , brand -new finishes and appliances , One assigned parking space and laundry hookup in the complex . Close to Lake Ave shopping and dining , Old Pasadena and the Metro Gold Line . Don't miss your opportunity to live in and be part of the most desirable area in Pasadena .

Last Agent to Rent the Property

Shirley Lam

IRN REALTY License #01254472 Listed on: 02/03/2023

IRN REALTY

Last Renter's Agent

Shirley Lam

IRN REALTY License #01254472 Listed on: 02/03/2023

IRN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $44,118

Year Built

  • Built in 1955

Lot Details

  • 0.46 Acre Lot
  • Two or More Common Walls
  • Private Yard
  • Density is 11-15 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 700 Sq Ft Home
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • All Upper Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted To A Wall/Window

Community Details

  • No Home Owners Association
  • 12 Units
  • Mountainous Community

Listing and Financial Details

  • Security Deposit $2,200
  • Rent includes gardener, sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 2/1/23
  • Tax Lot 4
  • Assessor Parcel Number 5734018001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$44,118

Year Built

Built in 1955

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Last Month Rent, Security Deposit
  • Available Date: 2023-02-01
  • Credit Check Paid By: Tenant
  • Deposit Key: 50
  • Deposit Security: 2200
  • Furnished: Unfurnished
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • View: Yes
  • Zoning: PSR3
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 5734018001
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 700.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.79
  • Room Type: All Bedrooms Up

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Mountainous

Schools

  • School District: Pasadena Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 11-15 Units/Acre, Yard
  • Lot Size Sq Ft: 20007.00
  • Lot Size Acres: 0.4593

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 20007.0000 Square Feet
  • Number Of Units In Community: 12
  • Number Of Units Total: 12
  • Rent Includes: Gardener, Sewer, Trash Collection, Water

Tax Info

  • Tax Census Tract: 4636.01
  • Tax Lot: 4
  • Tax Tract Number: 000...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2024
Sold by
Lam Brian Tak Yin
Bought by
Brian Tak Yin Lam Family Trust and Lam
Current Estimated Value
$4,244,274

Purchase Details

Closed on
May 19, 2021
Sold by
Wu Jung Rung and Wu Madeline
Bought by
Wang David Weichu and Lam Erika Wing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,460,000
Interest Rate
2.9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Brian Tak Yin Lam Family Trust -- None Listed On Document
Brian Tak Yin Lam Family Trust -- None Listed On Document
Wang David Weichu $3,600,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang David Weichu $1,460,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2023 03/28/23 Rented $1,950 0.0% --
02/03/2023 02/03/23 For Rent $1,950 -2.5% --
07/12/2022 07/12/22 Rented $2,000 +1.3% --
07/01/2022 07/01/22 For Rent $1,975 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $44,118 $3,820,348 $2,674,244 $1,146,104
2024 $44,118 $3,745,440 $2,621,808 $1,123,632
2023 $43,755 $3,672,000 $2,570,400 $1,101,600
2022 $42,265 $3,600,000 $2,520,000 $1,080,000
2021 $7,029 $386,389 $166,525 $219,864
2020 $6,840 $382,838 $164,818 $218,020
2019 $6,831 $375,341 $161,587 $213,754
2018 $6,606 $367,990 $158,419 $209,571
2016 $6,249 $353,308 $152,268 $201,040
2015 $6,171 $348,002 $149,981 $198,021
2014 $6,154 $341,187 $147,044 $194,143
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23019530

California Regional Multiple Listing Service (CRMLS)

APN: 5734-018-001