NOT LISTED FOR SALE

Estimated Value: $1,738,000 - $2,206,000

12 Beds
8 Baths
4,292 Sq Ft
$474/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $2,100,000 $489 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $12,818/month

29 Days on Market

Highlights

  • Mountain View
  • Traditional Architecture
  • No HOA
  • Pasadena High School Rated A
  • Granite Countertops
  • Galley Kitchen

About This Home

As of May 2024

Live Auction! Bidding Starts at $1,600,000! Nestled in East Pasadena on a tree-lined street, just a short drive from esteemed institutions like CalTech, Fuller Seminary and Pasadena City College, discover this well maintained fourplex offering an exceptional investment opportunity. Each unit within this charming complex boasts 3 bedrooms and 2 bathrooms, featuring a spacious primary suite and the convenience of stackable washer/dryer in each unit. The property has some upgrades, which includes laminate flooring, granite countertops, new vanities, and stylishly retiled showers, ensuring a modern and comfortable living experience for residents. Adding to the allure, lower units offer private patios, while upper units share a spacious patio showcasing lovely mountain views, perfect for unwinding. Parking is a breeze with 6 assigned spaces in the rear, including a covered carport equipped with storage units above. Two units will be delivered vacant at close of escrow, allowing for flexibility in occupancy or further customization. Don't miss this rare opportunity to own a low-maintenance property in a desirable location, offering both steady rental income and the potential for future appreciation. Join us at the auction and seize your slice of Pasadena's vibrant real estate market!

Last Agent to Sell the Property

Angela Waters

Harcourts Prime Properties Brokerage Phone: 310-877-7740 License #01199777 Listed on: 03/05/2024

Harcourts Prime Properties

Last Buyer's Agent

Adrie-marie Huezo

MAJOR LEAGUE REAL ESTATE License #01740235

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,500

Year Built

  • Built in 1963

Lot Details

  • 7,555 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Landscaped
  • Sprinklers on Timer
  • Density is 2-5 Units/Acre

Home Design

  • Traditional Architecture
  • Quadruplex
  • Entry on the 2nd floor
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 4,292 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Sliding Doors
  • Living Room
  • Mountain Views

Kitchen

  • Galley Kitchen
  • Gas Oven
  • Gas Range
  • Granite Countertops
  • Formica Countertops

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 1 Open Parking Space
  • 6 Parking Spaces
  • 5 Detached Carport Spaces
  • Parking Available
  • Side by Side Parking
  • Driveway
  • Paved Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 87 / 87
  • Tax Tract Number 1
  • Assessor Parcel Number 5744023024

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Gardener Expense $1,200
  • Insurance Expense $4,500
  • Maintenance Expense $3,600
  • Other Expense $27,500
  • Trash Expense $2,400
  • Water Sewer Expense $2,400
  • Operating Expense $44,000
  • Gross Income $144,000
  • Net Operating Income $100,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,500

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: No
  • Inclusions: All appliances inside each unit
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: PSR1
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5744023024
  • Year Built: 1963
  • Special Features: Auction

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial, Formica Counters, Granite Counters, Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile, Vinyl
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 489.28
  • Room Type: Galley Kitchen, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Asphalt, Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport, Covered, Asphalt, Paved, Side by Side
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Landscaped, Lot 6500-9999, Sprinkler System, Sprinklers Timer
  • Lot Size: 7555
  • Lot Size Sq Ft: 7555.00
  • Lot Size Acres: 0.1734

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average3 Bed Area: 1073 Square Feet
  • Electric Expense: 2400.00
  • Gross Income: 144000.00
  • Gross Operating Income: 144000.00
  • Gross Scheduled Income: 144000.00
  • Insurance Expense: 4500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7555.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 100000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 44000.00
  • Operating Expense Percent: 30.00
  • Other Expense: 27500.00
  • Other Expense Description: Taxes
  • Rent Control: Yes
  • Total Actual Rent: 6000.00
  • Total Expenses: 44000.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Area: 7500
  • Tax Block: 87
  • Tax Census Tract: 4628.00
  • Taxes Percent: 19.00
  • Tax Lot: 87
  • Tax Tract Number: 1
  • Tax Annual Amount: 27500.00
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2024
Closed on
Apr 26, 2024
Sold by
Punzalan Rubio R
Bought by
Gallardo Samavarti
Seller's Agent
Angela Waters
Harcourts Prime Properties
Buyer's Agent
Adrie-marie Huezo
MAJOR LEAGUE REAL ESTATE
List Price
$1,600,000
Sold Price
$2,100,000
Premium/Discount to List
$500,000
31.25%
Views
75
Current Estimated Value
$2,033,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$66,470
Avg. Annual Appreciation
-1.87%
Original Mortgage
$1,575,000
Outstanding Balance
$1,551,422
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$482,108

Purchase Details

Closed on
Dec 14, 2016
Sold by
Cunanan Dan M
Bought by
Cunanan Dan and The Dan & Marilou Cunanan Trust

Purchase Details

Closed on
May 21, 2011
Sold by
Cunanan Dan M
Bought by
Cunanan Dan M and Cunanan Marilou L

Purchase Details

Closed on
Mar 18, 2008
Sold by
Cunanan Dan M
Bought by
Cunanan Dan M and Cunanan Marilou L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$747,500
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2003
Sold by
Cunanan Dan M
Bought by
Cunanan Dan M and Cunanan Marilou L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
4.44%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 11, 2001
Sold by
Karakishian Nersis
Bought by
Cunanan Dan M and Cunanan Marilou L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Interest Rate
7.17%

Purchase Details

Closed on
Apr 21, 2000
Sold by
Okamoto Robbin And Arlene Trs
Bought by
Karakishian Nersis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,100
Interest Rate
7.95%

Purchase Details

Closed on
Oct 10, 1996
Sold by
Okamoto Robbin K
Bought by
Okamoto Robbin K and Okamoto Arlene S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,500
Interest Rate
12.05%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gallardo Samavarti $2,100,000 First Integrity Title Company
Cunanan Dan -- None Available
Cunanan Dan M -- None Available
Cunanan Dan M -- Accommodation
Cunanan Dan M -- North American Title Company
Cunanan Dan M -- Lawyers Title Company
Cunanan Dan M $460,000 Southland Title
Karakishian Nersis $380,000 Southland Title
Okamoto Robbin K -- Old Republic Title Co
Okamoto Robbin K -- Old Republic Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallardo Samavarti $1,575,000
Previous Owner Cunanan Dan M $747,500
Previous Owner Cunanan Dan M $490,000
Previous Owner Cunanan Dan M $414,000
Previous Owner Karakishian Nersis $264,100
Previous Owner Okamoto Robbin K $221,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2024 05/03/24 Sold $2,100,000 +31.3% $489 / Sq Ft
03/05/2024 03/05/24 For Sale $1,600,000 -27.3% $373 / Sq Ft
01/03/2022 01/03/22 Sold $2,200,000 +2.3% $513 / Sq Ft View Prior Sale
11/14/2021 11/14/21 Pending -- -- --
09/25/2021 09/25/21 For Sale $2,150,000 -- $501 / 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 $26,204 $2,142,000 $1,020,000 $1,122,000
2024 $26,204 $2,288,880 $1,248,480 $1,040,400
2023 $25,987 $2,244,000 $1,224,000 $1,020,000
2022 $8,090 $640,345 $271,449 $368,896
2021 $7,758 $627,790 $266,127 $361,663
2019 $7,484 $609,172 $258,235 $350,937
2018 $7,518 $597,228 $253,172 $344,056
2016 $7,234 $574,039 $243,342 $330,697
2015 $7,153 $565,417 $239,687 $325,730
2014 $7,031 $554,342 $234,992 $319,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24038756

California Regional Multiple Listing Service (CRMLS)

APN: 5744-023-024