NOT LISTED FOR SALE

Estimated Value: $915,583 - $949,000

3 Beds
3 Baths
1,632 Sq Ft
$573/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $910,000 $558 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,869/month

37 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Heating System Uses Natural Gas

About This Home

As of May 2024

Vintage triplex in trendy Highland Park. Charming Spanish touches enhance this set of three homes nestled on a 6,259 square foot lot. Built in 1928, each 600 (approximate) square foot home is enhanced by period details like arched entryways, corner windows, beamed and bead boarded ceilings, and wainscoting. Off-street driveway parking and three doored garages complete the fenced property. With two Gold Line stations walking distance away, commuting to Downtown and Pasadena is carless. The address lies just blocks from the burgeoning center of Highland Park along Figueroa and York, with highlights including the gloriously restored 1927 Highland Park Bowl, the retro Lodge Room concert venue, and an array of great restaurants, bars and shops. More nearby attractions include Ernest E. Debs Regional Park, San Pascual Stables and the Arroyo Seco Bike Path.

Last Agent to Sell the Property

Max Pellegrini

Engel & Völkers Pasadena Brokerage Email: max@dilbeck.com License #01196363 Listed on: 02/04/2024

Engel & Völkers Pasadena

Last Buyer's Agent

Johnny Aragon

Coldwell Banker Realty License #02066422

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,016

Year Built

  • Built in 1928

Lot Details

  • 6,250 Sq Ft Lot
  • No Common Walls
  • No Sprinklers

Parking

  • 3 Car Garage
  • Parking Available
  • Three Garage Doors
  • Parking Lot
  • Assigned Parking

Home Design

  • Triplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • Gas Range
  • Laundry Room
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 18
  • Assessor Parcel Number 5467031019

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Trash Expense $600
  • Water Sewer Expense $900
  • New Taxes Expense $11,250
  • Operating Expense $15,750
  • Gross Income $35,136
  • Net Operating Income $19,386

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,016

Year Built

Built in 1928

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 2.00
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 900.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5467031019
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, On Site, Parking Space, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace, Natural Gas
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 6250.00
  • Lot Size Acres: 0.1435

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Gross Income: 35136.00
  • Gross Scheduled Income: 35136.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6250.0000 Square Feet
  • Net Operating Income: 19386.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 15750.00
  • Rent Control: Yes
  • Total Actual Rent: 35136.00
  • Total Expenses: 15750.00

Tax Info

  • New Taxes Expense: 11250.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2024
Closed on
May 24, 2024
Sold by
Andrew Del Gatto Family Trust and Del Gatto Andrew
Bought by
Hill James D
Seller's Agent
Max Pellegrini
Engel & Völkers Pasadena
Buyer's Agent
Johnny Aragon
Coldwell Banker Realty
List Price
$899,900
Sold Price
$910,000
Premium/Discount to List
$10,100
1.12%
Views
52
Current Estimated Value
$934,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,896
Avg. Annual Appreciation
2.29%
Original Mortgage
$819,000
Outstanding Balance
$809,422
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$125,474

Purchase Details

Listed on
Jun 15, 2023
Closed on
Jun 27, 2023
Sold by
Munford Enterprises Llc
Bought by
Andrew Del Gatto Family Trust and Del Gatto
Seller's Agent
David Brock
Beven & Brock Property Management Company, Inc
Buyer's Agent
David Brock
Beven & Brock
List Price
$785,000
Sold Price
$720,000
Premium/Discount to List
-$65,000
-8.28%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.53%
Original Mortgage
$540,000
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2014
Sold by
Munford Gregory A
Bought by
Munford Enterprises Llc

Purchase Details

Closed on
Dec 22, 2006
Sold by
Munford Gregory A and Lois E Munford Survivors Trust
Bought by
Munford Gregory A and Lewis James M

Purchase Details

Closed on
Jul 29, 2005
Sold by
Munford Gregory A and James E & Lois E Munford Trust
Bought by
Munford Gregory A and Munford Credit Shelter Trust
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
Hill James D $910,000 Orange Coast Title Company
Andrew Del Gatto Family Trust $720,000 Chicago Title Company
Munford Enterprises Llc -- None Available
Munford Gregory A -- None Available
Munford Gregory A -- None Available
Munford Gregory A -- None Available
Munford Gregory A -- None Available
Munford Gregory A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill James D $819,000
Previous Owner Andrew Del Gatto Family Trust $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $910,000 +1.1% $558 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
02/03/2024 02/03/24 For Sale $899,900 +25.0% $551 / Sq Ft
08/08/2023 08/08/23 Sold $720,000 -8.3% $441 / Sq Ft
06/16/2023 06/16/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $785,000 -- $481 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $9,016 $928,200 $601,800 $326,400
2024 $9,016 $720,000 $500,000 $220,000
2023 $1,086 $59,083 $26,119 $32,964
2022 $1,047 $57,925 $25,607 $32,318
2021 $1,027 $56,790 $25,105 $31,685
2020 $1,031 $56,209 $24,848 $31,361
2019 $1,004 $55,108 $24,361 $30,747
2018 $913 $54,029 $23,884 $30,145
2016 $857 $51,932 $22,957 $28,975
2015 $848 $51,153 $22,613 $28,540
2014 $873 $50,152 $22,171 $27,981
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-16412

Pasadena-Foothills Association of REALTORS®

APN: 5467-031-019