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

Sale Details

Date Sold: June 13, 2024

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

146 Days on Market

Highlights

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

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

  • 15,011 Sq Ft 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 in unit

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

0.34 Acres

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

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
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

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 $62,575 $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)
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