NOT LISTED FOR SALE
11 Beds
9 Baths
6,430 Sq Ft
8,851 Sq Ft Lot Lot

Sale Details

Date Sold: October 31, 2022

Last sale price $2,900,000 $451 Per Sq Ft

16 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • Front Yard
  • Landscaped

About This Home

As of October 2022

The Wilson Apartments is a remarkable apartment building, situated in one of the best locations in Pasadena, CA. Adjacent to various shops and eateries, the property consists of two 2 bed 1 bath, and seven 1 bed 1 bath units. 7 of the 9 units have been upgraded. Each unit has an assigned parking space, and there is a laundry facility on-site. Low maintenance, and easy management makes the Wilson apartments an ideal property for any type of investor to own.

Last Agent to Sell the Property

Jack Baboudjian

Baboudjian Properties Inc. License #01372116 Listed on: 10/03/2022

Last Buyer's Agent

Elvin Apelian

Equity Union License #01433009

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 8,851 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Sprinkler System
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 6,430 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Parking

  • 9 Parking Spaces
  • 9 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 6 / 1
  • Tax Tract Number 7500
  • Assessor Parcel Number 5738012005
  • $1,889 per year additional tax assessments

Community Details

Building Details

  • 9 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,765
  • Gardener Expense $780
  • Insurance Expense $5,854
  • Maintenance Expense $4,000
  • Trash Expense $6,248
  • Water Sewer Expense $3,861
  • New Taxes Expense $34,850
  • Operating Expense $57,358
  • Gross Income $181,416
  • Net Operating Income $124,058

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

8,851 Sq Ft Lot

Listing Details

  • CapRate: 3.88
  • Property Attached: Yes
  • Water Sewer Expenses: 3861.00
  • Zoning: PSR4
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 5738012005
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 451.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 6248.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lot 6500-9999, Rectangular Lot, Sprinkler System
  • Lot Size Sq Ft: 8851.00
  • Lot Size Acres: 0.2032

Multi Family

  • Fuel Expense: 1765.00
  • Gross Income: 181416.00
  • Gross Multiplier: 17.61
  • Gross Operating Income: 181416.00
  • Gross Scheduled Income: 181416.00
  • Insurance Expense: 5854.00
  • Lot Size Area: 8851.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 124058.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 57358.00
  • Rent Control: Yes
  • Total Actual Rent: 181416.00
  • Total Expenses: 57358.00

Tax Info

  • New Taxes Expense: 34850.00
  • Tax Block: 1
  • Tax Census Tract: 4623.02
  • Tax Lot: 6
  • Tax Tract Number: 07500
  • TaxOtherAnnualAssessmentAmount: 1889.00
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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
10/31/2022 10/31/22 Sold $2,900,000 -9.2% $451 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
10/03/2022 10/03/22 For Sale $3,195,000 -- $497 / 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 $34,413 $3,017,160 $2,080,800 $936,360
2024 $34,413 $2,958,000 $2,040,000 $918,000
2023 $34,130 $2,900,000 $2,000,000 $900,000
2022 $4,691 $249,099 $63,842 $185,257
2021 $4,504 $244,216 $62,591 $181,625
2019 $4,376 $238,025 $60,736 $177,289
2018 $4,274 $233,380 $59,546 $173,834
2016 $4,041 $223,311 $57,235 $166,076
2015 $3,990 $219,958 $56,376 $163,582
2014 $3,984 $215,650 $55,272 $160,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD22214170

California Regional Multiple Listing Service (CRMLS)
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