NOT LISTED FOR SALE
3 Beds
2 Baths
4,520 Sq Ft
9,814 Sq Ft Lot

Sale Details

Date Sold: June 1, 2012

Last sale price $965,000 $213 Per Sq Ft

31 Days on Market

About This Home

As of June 2012

The subject property is a nine-unit apartment building located in a highly travelled Pasadena rental market on Los Robles Avenue, one block north of the 210 Freeway.Built in 1961, the two-story building consists of eight one-bedroom/one-bath and one two-bedroom/one-bath units, 10 parking spaces (six enclosed single garages, two enclosed two-car garages), and a laundry room. The roof is pitched.The location is a mainstream, solid apartment rental corridor, minutes from the freeway, Old Town Pasadena, bus lines, Metro Gold Line stations, shopping, restaurants, entertainment and employment centers.Pasadena continues to be among the most desirable apartment markets in Southern California because it's high concentration of businesses, educational institutions, attractive neighborhoods, and cultural and commercial facilities.This is a true add value opportunity with minor exterior cosmetic deferred maintenance, easily remedied by a buyer.The demand from investors for a

Last Agent to Sell the Property

Barry Gordon

Marcus & Millichap License #00925711 Listed on: 04/23/2012

Last Buyer's Agent

Steve Kwon

License #01453193

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,814

Parking

  • 10 Car Garage

Interior Spaces

  • 4,520 Sq Ft Home
  • 2-Story Property

Additional Features

  • 9,814 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 5725-032-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

9,814 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4520
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 243.36

Exterior Features

  • Pool: No

Garage/Parking

  • Covered Parking: 10
  • Parking Garage: Garage
  • Total Parking: 10

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Value: 453137
  • Assessed Land Value: 118157
  • Assessor Parcel Number: 5725-032-007
  • Lot Size Area: 9814

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.51
  • Number Of Units: 9
  • Type Of Units: 1+1 & 2+1

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2012
Closed on
May 18, 2012
Sold by
Bought by
Seller's Agent
Barry Gordon
Marcus & Millichap
Buyer's Agent
Steve Kwon
List Price
$1,100,000
Sold Price
$965,000
Premium/Discount to List
-$135,000
-12.27%

Purchase Details

Closed on
Jun 20, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 8, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
7.13%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 6, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
7.13%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$965,000 North American Title Co Inc
-- Accommodation
-- California Counties Title Co
-- California Counties Title Co
$90,000 California Counties Title Co
-- California Counties 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 $600,000
Previous Owner $500,000
Previous Owner $408,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
06/01/2012 06/01/12 Sold $965,000 -12.3% $213 / Sq Ft
05/24/2012 05/24/12 Pending -- -- --
04/23/2012 04/23/12 For Sale $1,100,000 -- $243 / Sq Ft
Source: The MLS

Tax 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.

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 $15,686 $1,212,082 $778,750 $433,332
2024 $14,939 $1,188,317 $763,481 $424,836
2023 $14,815 $1,165,017 $748,511 $416,506
2022 $14,329 $1,142,175 $733,835 $408,340
2021 $13,757 $1,119,781 $719,447 $400,334
2019 $13,269 $1,086,769 $698,108 $388,661
2018 $13,390 $1,065,465 $684,420 $381,045
2016 $12,931 $1,023,901 $657,844 $366,057
2015 $12,783 $1,008,522 $647,963 $360,559
2014 $12,573 $988,768 $635,271 $353,497
Source: Public Records

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Map

Source: The MLS

MLS Number: 12-595825

The MLS
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