NOT LISTED FOR SALE

Estimated Value: $1,428,000 - $1,976,000

6 Beds
4 Baths
3,157 Sq Ft
$541/Sq Ft Est. Value

Last Sold December 13, 2013

Last sale price $820,500 $260 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $10,410/month

93 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Level Lot
  • Pasadena High School Rated A
  • East Facing Home
  • Wall Furnace

About This Home

As of December 2013

PRICE REDUCTION: Spectacular investment property in Pasadena. Craftsman style four-plex. Laundry hookups. All units have separate gas and electric meters. The unit mix is: Unit 1 = 974 square feet with 2 bed/1bath, downstairs unit. Unit 2 = 901 square feet with 2 bed/1 bath, upstairs unit. Unit 3 = 748 square feet with 1 bed/1bath, rear unit w/no upstairs. Unit 4 = 535 square feet with 1 bed/1 bath, separate unit with small yard. Excellent investment opportunity, do not let this chance to own a great bread and butter investment property slip through your fingers.

Last Agent to Sell the Property

German Ghibaudo

Century 21 Ludecke Inc. License #01327678 Listed on: 07/26/2013

Century 21 Ludecke Inc.

Co-Listed By

Eladio Diaz

Century 21 Ludecke Inc. License #00848954

Last Buyer's Agent

Marion Fairbanks

Coldwell Banker License #01009669

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,278

Year Built

  • Built in 1890

Lot Details

  • 9,385 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Shared Driveway

Home Design

  • 3,157 Sq Ft Home
  • Raised Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 3-4
  • Assessor Parcel Number 5744022036

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $1,250
  • Trash Expense $2,993
  • Water Sewer Expense $3,600
  • New Taxes Expense $13,275
  • Gross Income $5,180
  • Net Operating Income $37,889

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,278

Year Built

Built in 1890

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 3.80
  • Property Attached: No
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 5744022036
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 259.90

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Shared Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 2993.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 9385.00
  • Lot Size Acres: 0.2150

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 5180.00
  • Gross Multiplier: 16.00
  • Gross Scheduled Income: 62160.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 9385.0000 Square Feet
  • Net Operating Income: 37889.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Operating Expense: 22406.00
  • Rent Control: No
  • Total Actual Rent: 5180.00
  • Vacancy Allowance: 1864
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13275.00
  • Tax Lot: 3-4
  • Tax Tract Number: 00000
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2014
Sold by
Wall Patrick R and Wall Annabelle B
Bought by
Pasadena Kkap 2 Llc
Current Estimated Value
$1,707,205

Purchase Details

Listed on
Jul 26, 2013
Closed on
Nov 7, 2013
Sold by
Barba Alfonso and Barba Martha
Bought by
Wall Patrick R and Wall Annabelle B
Seller's Agent
German Ghibaudo
Century 21 Ludecke Inc.
Buyer's Agent
Marion Fairbanks
Coldwell Banker
List Price
$998,000
Sold Price
$820,500
Premium/Discount to List
-$177,500
-17.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.76%
Original Mortgage
$574,350
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2012
Closed on
Aug 30, 2012
Sold by
U S Bank Na
Bought by
Barba Alfonso and Barba Martha
Seller's Agent
Eladio Diaz
Century 21 Ludecke Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$448,500
Sold Price
$450,000
Premium/Discount to List
$1,500
0.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.69%

Purchase Details

Closed on
May 13, 2011
Sold by
Picker Charles E
Bought by
U S Bank N A

Purchase Details

Closed on
May 16, 2006
Sold by
Sassounian Setrak Krikor and Sassounian Koharik Agop
Bought by
Picker Charles E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 28, 2001
Sold by
Sassounian Setrak K and Sassounian Koharik A
Bought by
Sassounian Setrak Krikor and Sassounian Koharik Agop
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pasadena Kkap 2 Llc -- None Available
Wall Patrick R $820,500 Landsafe Title Of California
Barba Alfonso $450,000 None Available
U S Bank N A $546,750 None Available
Picker Charles E -- Fatcola
Sassounian Setrak Krikor -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wall Patrick R $574,350
Previous Owner Picker Charles E $270,000
Previous Owner Picker Charles E $672,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2013 12/13/13 Sold $820,500 -17.8% $260 / Sq Ft
10/27/2013 10/27/13 Pending -- -- --
07/26/2013 07/26/13 For Sale $998,000 +121.8% $316 / Sq Ft
09/11/2012 09/11/12 Sold $450,000 +0.3% $148 / Sq Ft
08/16/2012 08/16/12 Pending -- -- --
08/11/2012 08/11/12 For Sale $448,500 -- $147 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $13,278 $1,131,459 $735,512 $395,947
2024 $13,278 $1,109,275 $721,091 $388,184
2023 $13,167 $1,087,525 $706,952 $380,573
2022 $12,722 $1,066,202 $693,091 $373,111
2021 $12,207 $1,045,297 $679,501 $365,796
2020 $11,734 $1,034,580 $672,534 $362,046
2019 $11,761 $1,014,296 $659,348 $354,948
2018 $11,876 $994,409 $646,420 $347,989
2016 $11,489 $955,797 $621,320 $334,477
2015 $11,361 $941,441 $611,988 $329,453
2014 $9,994 $820,500 $530,000 $290,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13147885

California Regional Multiple Listing Service (CRMLS)

APN: 5744-022-036