NOT LISTED FOR SALE
3 Beds
4 Baths
13,368 Sq Ft
0.34 Acres

Last Sold June 13, 2024

Last sale price $5,130,000 $384 Per Sq Ft

146 Days on Market

Highlights

  • 0.34 Acre Lot
  • Subterranean Parking
  • Laundry Room
  • Pasadena High School Rated A

About This Home

As of June 2024

PROPERTY HIGHLIGHTS
-Price Reduced for Immediate Sale, Seller Has Upleg Property In Escrow
-Assumable Chase Loan at 3.45%
-For Sale by Original Owner/Developer
-Excellent Mix of 1 & 2-Bedroom Units with Large Floorplans
-1989 Construction
-7.5% Cap Rate on Market Rents

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 11/14/2023

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 11/14/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 0.34 Acre Lot
  • 1 Common Wall

Parking

  • 26 Car Garage
  • Subterranean Parking
  • Parking Available

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 13,368 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 3
  • Assessor Parcel Number 5739003056
  • $3,022 per year additional tax assessments

Community Details

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $9,382
  • Fuel Expense $9,382
  • Gardener Expense $2,400
  • Insurance Expense $3,800
  • Maintenance Expense $1,500
  • Other Expense $4,800
  • Pest Control $600
  • Trash Expense $9,382
  • Water Sewer Expense $9,382
  • New Taxes Expense $61,114
  • Operating Expense $112,743
  • Gross Income $1,440
  • Net Operating Income $275,613

Additional Features

  • 17 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

26

Listing Details

  • Assessments: Yes
  • CapRate: 5.30
  • Property Attached: Yes
  • Water Sewer Expenses: 9382.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 5739003056
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 383.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 26.00
  • Parking: Yes
  • Parking Features: Subterranean
  • Total Parking Spaces: 26.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 9382.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15011.00
  • Lot Size Acres: 0.3446
  • Latitude Manual: 34.15358200

Multi Family

  • Electric Expense: 9382.00
  • Fuel Expense: 9382.00
  • Gross Income: 1440.00
  • Gross Multiplier: 12.99
  • Gross Operating Income: 388356.00
  • Gross Scheduled Income: 400368.00
  • Insurance Expense: 3800.00
  • Laundry Income: 1440.00
  • Lot Size Area: 15011.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 275613.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 17
  • Operating Expense: 112743.00
  • Other Expense: 4800.00
  • Other Expense Description: on-site
  • Rent Control: No
  • Total Expenses: 112743.00

Tax Info

  • New Taxes Expense: 61114.00
  • Tax Census Tract: 4623.01
  • Tax Lot: 5
  • Tax Rate: 1.11
  • Tax Tract Number: 003
  • TaxOtherAnnualAssessmentAmount: 3022.00
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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
06/13/2024 06/13/24 Sold $5,130,000 -1.3% $384 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
02/21/2024 02/21/24 Price Changed $5,200,000 -9.6% $389 / Sq Ft
01/25/2024 01/25/24 Price Changed $5,750,000 -7.3% $430 / Sq Ft
11/14/2023 11/14/23 For Sale $6,200,000 -- $464 / 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 $25,390 $5,232,600 $1,560,600 $3,672,000
2024 $25,390 $1,987,135 $521,313 $1,465,822
2023 $25,184 $1,948,173 $511,092 $1,437,081
2022 $24,366 $1,909,974 $501,071 $1,408,903
2021 $23,366 $1,872,525 $491,247 $1,381,278
2019 $22,542 $1,816,986 $476,677 $1,340,309
2018 $22,788 $1,781,360 $467,331 $1,314,029
2016 $21,939 $1,712,189 $449,185 $1,263,004
2015 $21,690 $1,686,471 $442,438 $1,244,033
2014 $21,342 $1,653,437 $433,772 $1,219,665
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23211119

California Regional Multiple Listing Service (CRMLS)