NOT LISTED FOR SALE

494 N Craig Ave Pasadena, CA 91107

Casa Grande Neighborhood

Estimated Value: $1,355,000 - $1,981,000

3 Beds
1 Bath
2,708 Sq Ft
$621/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $1,321,000 $488 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $10,144/month

146 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Gas Fireplace
  • Pasadena High School Rated A
  • Central Heating and Cooling System

About This Home

As of August 2020

Rare mixed use residential/ CL zoned triplex in desirable NE Pasadena neighborhood. The property consists of two buildings to include a duplex with basement and a spacious free standing studio. Lower level of the duplex is a two bedroom one bath unit, upper level is a one bedroom, one bath unit. The upper unit boasts wood flooring and ample windows with beamed ceilings in the living and dining areas. The lower unit features gorgeous flooring and a large living area with a fireplace and built-in seating. A cozy eat-in kitchen offers a breakfast nook with access to the second bedroom, ideal as an office or dining room. A vast basement is included. The second building is ideal as a studio or office space with an open concept space floor plan including a galley kitchen with cabinetry and large bathroom with a walk-in shower. Enjoy an attached two-car garage, up to six uncovered parking space with shopping, dining, major highways and more in the heart of Northeast Pasadena. Note: some of the interior photos are not reflective of current staging such as furniture/personal items.

Last Agent to Sell the Property

Debra Fallon

Coldwell Banker Realty License #00966202 Listed on: 03/04/2020

Coldwell Banker Realty

Last Buyer's Agent

Li Sy

Coldwell Banker Residential Brokerage License #00574402

Coldwell Banker Residential Brokerage

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 6,714

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Additional Features

  • 6,714 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5744019001

Community Details

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: PSC-
  • Property Type: Residential Income
  • Parcel Number: 5744019001
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Flooring: Carpet, Wood
  • Fireplace Features: Gas, Living Room
  • Levels: One, Two

Exterior Features

  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Community
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6714.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 66300.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6714.0000 Square Feet
  • 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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2020
Closed on
Jul 24, 2020
Sold by
Reimann Charles G and Wright Wendy B
Bought by
Lum Ellen C H and The Ellen C H Lum Revocable Tr
Seller's Agent
Debra Fallon
Coldwell Banker Realty
Buyer's Agent
Li Sy
Coldwell Banker Residential Brokerage
List Price
$1,318,000
Sold Price
$1,321,000
Premium/Discount to List
$3,000
0.23%
Current Estimated Value
$1,682,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,945
Avg. Annual Appreciation
4.62%
Original Mortgage
$789,000
Outstanding Balance
$696,998
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$985,947

Purchase Details

Closed on
Jun 20, 2000
Sold by
Ngai Rano and Ngai Flora
Bought by
Reimann Charles G and Wright Wendy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.15%
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
Lum Ellen C H $1,321,000 Equity Title Los Angeles
Reimann Charles G $279,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lum Ellen C H $789,000
Previous Owner Reimann Charles G $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2020 08/28/20 Sold $1,321,000 +0.2% $488 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $1,318,000 -0.2% $487 / Sq Ft
06/30/2020 06/30/20 Off Market $1,321,000 -- --
06/23/2020 06/23/20 Price Changed $1,318,000 -2.4% $487 / Sq Ft
03/04/2020 03/04/20 For Sale $1,350,000 -- $499 / 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 $16,236 $1,429,892 $855,121 $574,771
2024 $16,236 $1,401,855 $838,354 $563,501
2023 $16,101 $1,374,368 $821,916 $552,452
2022 $15,547 $1,347,420 $805,800 $541,620
2021 $14,913 $1,321,000 $790,000 $531,000
2020 $5,600 $462,617 $268,668 $193,949
2019 $5,610 $453,547 $263,400 $190,147
2018 $5,588 $444,655 $258,236 $186,419
2016 $5,380 $427,390 $248,209 $179,181
2015 $5,319 $420,971 $244,481 $176,490
2014 $5,229 $412,725 $239,692 $173,033
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Debra Fallon

    Coldwell Banker Realty

    (619) 227-7616

    18 Total Sales

    Debra Fallon
    Section Image

  • L

    Buyer's Agent in 2020

    Li Sy

    Coldwell Banker Residential Brokerage

    (626) 379-9393

    6 Total Sales

    Li Sy
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-820000895

Pasadena-Foothills Association of REALTORS®

APN: 5744-019-001

California Los Angeles County Pasadena 91107 Casa Grande

494 N Craig Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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