NOT LISTED FOR SALE

50 S Meridith Ave Pasadena, CA 91106

Playhouse Village Neighborhood
10 Beds
5 Baths
4,650 Sq Ft
1959 Built

Last Sold February 27, 2018

Last sale price $2,500,000 $538 Per Sq Ft

39 Days on Market

Highlights

  • Property is near park
  • Laundry Room
  • Landscaped
  • Pasadena High School Rated A

About This Home

As of February 2018

Rare opportunity to own a well maintained 5-unit multi-family property 1 block away from PCC and 3 blocks away (0.5 miles) to Cal-Tech, the Gold Line Metrolink station, dozens of restaurants and shops (Chick-fil-a, Starbucks, Panda Express, Bank of America, Wells Fargo, etc.), the 210 freeway, and the bus line. The 2-story property is a large 4,650 sqft on a generous 8,605 sqft lot. All of the units are 2 bedroom, 1 bathroom units and attached. There are a total of 9 parking spaces - 5 covered spaces and 4 uncovered spaces. Property includes an on-site owner-owned coin-operated laundry room. Owner installed a new roof recently, newly painted the exterior, and the homes have been well maintained for decades.

Last Agent to Sell the Property

William Tong

GOLDEN LAND INV. & FINANCIAL License #01903501 Listed on: 12/29/2017

Last Buyer's Agent

Travis Ely

TRAVIS ELY License #01895065

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 8,596 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • 4,650 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Parking

  • 4 Open Parking Spaces
  • 9 Parking Spaces
  • 5 Carport Spaces

Location

  • Property is near park
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 23
  • Tax Tract Number 4634
  • Assessor Parcel Number 5736025026

Community Details

Building Details

  • 2 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,609
  • Fuel Expense $1,446
  • Gardener Expense $840
  • Insurance Expense $2,228
  • Trash Expense $606
  • Operating Expense $26,573
  • Gross Income $120,000
  • Net Operating Income $93,427

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Zoning: PSR3
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 5736025026
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 537.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 606.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Park Nearby
  • Lot Size Sq Ft: 8596.00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 1609.00
  • Fuel Expense: 1446.00
  • Gross Income: 120000.00
  • Gross Scheduled Income: 120000.00
  • Insurance Expense: 2228.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 500.00
  • Net Operating Income: 93427.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 5
  • Operating Expense: 1.00
  • Rent Control: No
  • Total Expenses: 26573.00

Tax Info

  • Tax Census Tract: 4634.00
  • Tax Lot: 23
  • Tax Tract Number: 4634

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2018 02/27/18 Sold $2,500,000 +16.3% $538 / Sq Ft
02/06/2018 02/06/18 Pending -- -- --
12/29/2017 12/29/17 For Sale $2,150,000 -- $462 / 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 $31,758 $2,827,500 $1,696,501 $1,130,999
2024 $31,758 $2,772,060 $1,663,237 $1,108,823
2023 $31,496 $2,717,707 $1,630,625 $1,087,082
2022 $30,406 $2,664,419 $1,598,652 $1,065,767
2021 $29,164 $2,612,176 $1,567,306 $1,044,870
2019 $28,066 $2,534,700 $1,520,820 $1,013,880
2018 $16,738 $1,414,144 $836,943 $577,201
2016 $16,193 $1,359,234 $804,445 $554,789
2015 $16,015 $1,338,818 $792,362 $546,456
2014 $13,148 $1,085,000 $651,000 $434,000
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2018

    William Tong

    GOLDEN LAND INV. & FINANCIAL

    Section Image
  • Travis Ely

    Buyer's Agent in 2018

    Travis Ely

    TRAVIS ELY

    (626) 298-5579

    13 Total Sales

    Travis Ely
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17277512

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91106 Playhouse Village

50 S Meridith Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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