NOT LISTED FOR SALE

491 S Oakland Ave Pasadena, CA 91101

Madison Heights Neighborhood

Estimated Value: $1,499,000 - $1,600,000

13 Beds
10 Baths
9,894 Sq Ft
$157/Sq Ft Est. Value

Sale Details

Date Sold: December 15, 2015

Last sale price $3,200,000 $323 Per Sq Ft

Current estimated payment $9,655 / mo

71 Days on Market

About This Home

As of December 2015

2 Apartment Building side by side on a 25,163 square foot (Lot Size 116 X 217) lot in one of the nicest streets in Southwest Pasadena. Gorgeous treelined street close to everything Pasadena has to offer, walking distance to South Lake district and Old Town Pasadena. Convenient location for tenants, hardly ever vacant, always rented! APN#'s 5734-007-003 & 5734-007-004 - . 2 well maintained apartment buildings 491 South Oakland is 3 units and 497 South Oakland is 6 units.

Last Agent to Sell the Property

Ash Rizk

Coldwell Banker Realty License #01503342 Listed on: 09/28/2015

Coldwell Banker Realty

Last Buyer's Agent

Matt Ly

Coldwell Banker Realty License #01441481

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 25,163 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 1 Car Garage
  • Parking Available
  • Assigned Parking
  • Unassigned Parking
  • Community Parking Structure

Home Design

  • 9,894 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 97
  • Tax Tract Number 4636
  • Assessor Parcel Number 5734007003

Community Details

Overview

  • 2 Buildings
  • 4,491 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $763
  • Gardener Expense $1,800
  • Insurance Expense $1,500
  • Trash Expense $4,466
  • Water Sewer Expense $1,217
  • Operating Expense $48,921
  • Gross Income $15,638
  • Net Operating Income $124,485

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0.58 Acres

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 1217.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5734007003
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 323.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Unassigned
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 4466.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft, Yard
  • Lot Size Sq Ft: 25163.00
  • Price Per Lot Square Foot: 164.92
  • Lot Size Acres: 0.5780

Multi Family

  • Electric Expense: 763.00
  • Gross Income: 15638.00
  • Gross Scheduled Income: 173217.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 25163.0000 Square Feet
  • Net Operating Income: 124485.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4491
  • Operating Expense: 48921.00
  • Rent Control: No
  • Total Expenses: 48921.00

Tax Info

  • Tax Lot: 97
  • Tax Tract Number: 4636

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2015
Sold by
Rykadan 002 Llc
Bought by
Mb Equity Llc
Current Estimated Value
$1,543,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,530,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 24, 2014
Closed on
Sep 17, 2014
Sold by
Gochie Paulette
Bought by
Rykadan 002 Llc
Seller's Agent
H. Kim Huntley
Howard Huntley, Broker
Buyer's Agent
Ash Rizk
Coldwell Banker Realty
List Price
$4,500,000
Sold Price
$4,150,000
Premium/Discount to List
-$350,000
-7.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.09%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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 Buyer Sale Price Title Company
Mb Equity Llc $3,200,000 Equity Title Company
Rykadan 002 Llc -- Ticor Title Co
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner Mb Equity Llc $1,530,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2015 12/15/15 Sold $3,200,000 -22.9% $323 / Sq Ft
10/08/2015 10/08/15 Pending -- -- --
07/29/2015 07/29/15 For Sale $4,150,000 0.0% $419 / Sq Ft
09/26/2014 09/26/14 Sold $4,150,000 -7.8% $1,071 / Sq Ft View Prior Sale
09/14/2014 09/14/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $4,500,000 -- $1,161 / 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 $15,426 $1,260,737 $887,845 $372,892
2024 $14,690 $1,236,018 $870,437 $365,581
2023 $14,568 $1,211,783 $853,370 $358,413
2022 $14,072 $1,188,024 $836,638 $351,386
2021 $13,497 $1,164,731 $820,234 $344,497
2019 $13,003 $1,130,186 $795,906 $334,280
2018 $13,097 $1,108,026 $780,300 $327,726
2016 $12,665 $1,065,000 $750,000 $315,000
2015 $22,653 $1,950,000 $1,550,000 $400,000
2014 $4,519 $335,808 $313,157 $22,651
Source: Public Records

Agents Affiliated with this Home

  • Ash Rizk

    Seller's Agent in 2015

    Ash Rizk

    Coldwell Banker Realty

    (626) 393-5695

    224 Total Sales

    Ash Rizk
    Section Image

  • M

    Buyer's Agent in 2015

    Matt Ly

    Coldwell Banker Realty

    (626) 821-1216

    22 Total Sales

    Matt Ly
    Section Image

  • H

    Seller's Agent in 2014

    H. Kim Huntley

    Howard Huntley, Broker

    Section Image

  • T

    Seller Co-Listing Agent in 2014

    Tim Foley

    Berkshire Hathaway HomeService

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15165948

California Regional Multiple Listing Service (CRMLS)

APN: 5734-007-003

California Los Angeles County Pasadena 91101 Madison Heights

491 S Oakland Ave, Pasadena, CA

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

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