NOT LISTED FOR SALE
3 Beds
2 Baths
7,487 Sq Ft
11,709 Sq Ft Lot

Last Sold February 05, 2024

Last sale price $3,630,000 $485 Per Sq Ft

43 Days on Market

About This Home

As of February 2024

Don"t miss this Golden Opportunity to own this unique 9 units apartment in Prime of Pasadena area the offering consists of 5 one- Bedroom/one bathroom&4 Two-bedroom/one Bath Each unit has their own Balcony.The property is situated on a 11707 sqft lot size with 7487 sqft of Gross rentable area.Each unit has one carport parking space.Very conivence location walking distance to Target,Colorado Blvd,Old Town ,Cal Tech&all restaurants&entertainment.All Good Tenants&Easy to Manage and less maintenance.Coin-op laundry Room for extra income in the back of the complex.

Last Agent to Sell the Property

Ricky Seow

Coldwell Banker Realty License #01313493 Listed on: 12/04/2023

Coldwell Banker Realty

Last Buyer's Agent

Aram Gaboudian

Keller Williams Los Angeles License #01493911

Keller Williams Los Angeles

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

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

Home Design

  • Apartment
  • Entry on the 2nd floor

Interior Spaces

  • 7,487 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 30
  • Tax Tract Number 44636
  • Assessor Parcel Number 5734028010
  • $2,146 per year additional tax assessments

Community Details

Overview

  • 9 Units

Building Details

  • 9 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $2,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $42,246
  • Operating Expense $47,246
  • Gross Income $149,930
  • Net Operating Income $149,630

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.27 Acres

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: PSR4
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5734028010
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 2
  • Price Per Square Foot: 484.84

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Electricity Available
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11707.00
  • Lot Size Acres: 0.2688

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 785 Square Feet
  • Electric Expense: 1200.00
  • Gross Income: 149930.00
  • Gross Scheduled Income: 197100.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 11707.0000 Square Feet
  • Net Operating Income: 149630.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 47246.00
  • Rent Control: Yes
  • Total Actual Rent: 16375.00
  • Total Expenses: 47246.00

Tax Info

  • New Taxes Expense: 42246.00
  • Tax Census Tract: 4636.01
  • Tax Lot: 30
  • Tax Tract Number: 44636
  • TaxOtherAnnualAssessmentAmount: 2146.00
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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 Prior Sale
02/05/2024 02/05/24 Sold $3,630,000 +1.1% $485 / Sq Ft
01/16/2024 01/16/24 Pending -- -- --
12/14/2023 12/14/23 For Sale $3,590,000 -1.1% $479 / Sq Ft
12/08/2023 12/08/23 Off Market $3,630,000 -- --
12/04/2023 12/04/23 For Sale $3,590,000 +2.6% $479 / Sq Ft
04/12/2019 04/12/19 Sold $3,500,000 0.0% $467 / Sq Ft View Prior Sale
04/10/2019 04/10/19 Pending -- -- --
03/19/2019 03/19/19 Price Changed $3,500,000 -6.7% $467 / Sq Ft
03/14/2019 03/14/19 For Sale $3,750,000 +7.1% $501 / Sq Ft
02/28/2019 02/28/19 Off Market $3,500,000 -- --
01/17/2019 01/17/19 Price Changed $3,750,000 -5.1% $501 / Sq Ft
12/10/2018 12/10/18 Price Changed $3,950,000 -7.1% $528 / Sq Ft
10/29/2018 10/29/18 For Sale $4,250,000 -- $568 / 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 $44,118 $3,702,600 $2,590,800 $1,111,800
2024 $44,118 $3,827,756 $2,679,430 $1,148,326
2023 $43,755 $3,752,703 $2,626,893 $1,125,810
2022 $42,246 $3,679,122 $2,575,386 $1,103,736
2021 $40,520 $3,606,984 $2,524,889 $1,082,095
2019 $15,186 $1,245,733 $371,886 $873,847
2018 $15,327 $1,221,322 $364,595 $856,727
2016 $14,775 $1,173,227 $350,439 $822,788
2015 $14,608 $1,155,605 $345,176 $810,429
2014 $14,361 $1,132,969 $338,415 $794,554
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR23221053

California Regional Multiple Listing Service (CRMLS)
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