NOT LISTED FOR SALE

437 N Chester Ave Pasadena, CA 91106

Northwest Pasadena Neighborhood
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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2024

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    1 in this area

    32 Total Sales

    Doug Rodermund
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23211119

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91106 Northwest Pasadena

437 N Chester Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes