NOT LISTED FOR SALE
3 Beds
2 Baths
7,487 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: February 5, 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
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 11,707 Sq Ft 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

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

Additional Features

  • 9 Units
  • Laundry Facilities

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

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

Listed on
Dec 4, 2023
Closed on
Jan 31, 2024
Sold by
Bought by
Seller's Agent
Ricky Seow
Coldwell Banker Realty
Buyer's Agent
Aram Gaboudian
Keller Williams Los Angeles
List Price
$3,590,000
Sold Price
$3,630,000
Premium/Discount to List
$40,000
1.11%
Views
16

Purchase Details

Listed on
Oct 29, 2018
Closed on
Apr 4, 2019
Sold by
Bought by
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Filip Niculete
Marcus & Millichap
List Price
$3,750,000
Sold Price
$3,500,000
Premium/Discount to List
-$250,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.76%

Purchase Details

Closed on
Jul 30, 2012
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$3,630,000 Wfg National Title
$3,500,000 Ticor Title
-- None Available
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 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

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 $43,890 $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

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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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