NOT LISTED FOR SALE

505 N Wilson Ave Pasadena, CA 91106

Northwest Pasadena Neighborhood

Estimated Value: $1,684,000 - $1,839,000

8 Beds
4 Baths
3,828 Sq Ft
$460/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $1,700,000 $444 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,070/month

16 Days on Market

About This Home

As of January 2024

We are pleased to present a great investment opportunity in desirable Pasadena neighborhood. An excellent unit mix of spacious 2 bedroom + 1 bathroom in all units being offered for sale for the first time in 25 years. A newer 1979 construction with central A/C & Heat, and laundry hook-ups in each unit. Strong in place rents with realistic rental upside potential for growing income in the future. These tenants enjoy the convenience of having secured parking, secured entry and quick access to the 134 & 210 freeways. Just a short drive to Pasadena City College and minutes to Old Town Pasadena and to the many shops and restaurants at Paseo on Colorado. Situated close to the South Lake Avenue's shopping district, CalTech, and the Rose Bowl.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 11/21/2023

Remax Commercial and Investment Realty

Last Buyer's Agent

Lida Avedissian

Coldwell Banker Hallmark License #01953906

Coldwell Banker Hallmark

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,823

Year Built

  • Built in 1979

Lot Details

  • 7,478

Parking

  • 1 Car Garage

Interior Spaces

  • 3,828 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Additional Features

  • 7,478 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Vacancy Allowance $3,145

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5732-012-056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,823

Year Built

Built in 1979

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3828
  • Lot Acreage: 0.1717
  • Stories: 2
  • Year Built: 1979
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Refrigerator, Range/Oven, Dishwasher, Gas Dryer Hookup
  • Price Per S Q F T: 444.10

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 5
  • Parking Garage: Covered Parking
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 53.57
  • Assessed Improvement Value: 226014
  • Assessed Land Percent: 46.43
  • Assessed Land Value: 195879
  • Total Assessed Value: 421893
  • Assessor Parcel Number: 5732-012-056
  • Lot Size Area: 7478

Rental Info

  • Owner Pays: Gardener, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.22
  • Number Of Units: 4
  • Total Annual Expense: 36305
  • Type Of Units: Apartment
  • Vacancy Allow: 3145
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2023
Closed on
Dec 29, 2023
Sold by
Djh Living Trust
Bought by
Hajjar Bashir
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Lida Avedissian
Coldwell Banker Hallmark
List Price
$1,700,000
Sold Price
$1,700,000
Views
21
Current Estimated Value
$1,762,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,556
Avg. Annual Appreciation
-0.31%
Original Mortgage
$1,360,000
Outstanding Balance
$1,338,870
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$352,412

Purchase Details

Closed on
Jul 12, 2002
Sold by
Higuera David J
Bought by
The Djh Living Trust

Purchase Details

Closed on
Aug 10, 1998
Sold by
Trust Middleman Murray J Co Tr Middleman and Middleman Margaret G
Bought by
Higuera David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.88%
Mortgage Type
Balloon
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
Hajjar Bashir $1,700,000 Chicago Title Company
The Djh Living Trust -- --
Higuera David J $280,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hajjar Bashir $1,360,000
Previous Owner The Djh Living Trust $404,000
Previous Owner The Djh Living Trust $363,000
Previous Owner The Djh Living Trust $100,000
Previous Owner The Djh Living Trust $80,000
Previous Owner The Djh Living Trust $360,000
Previous Owner Higuera David J $144,000
Previous Owner Higuera David J $221,000
Previous Owner Higuera David J $141,000
Previous Owner Higuera David J $75,000
Previous Owner Higuera David J $224,000
Closed Higuera David J $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $1,700,000 0.0% $444 / Sq Ft
12/07/2023 12/07/23 Pending -- -- --
11/21/2023 11/21/23 For Sale $1,700,000 -- $444 / Sq Ft
Source: The MLS

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 $5,823 $1,734,000 $714,000 $1,020,000
2024 $5,823 $430,330 $199,796 $230,534
2023 $5,774 $421,893 $195,879 $226,014
2022 $5,591 $413,622 $192,039 $221,583
2021 $5,362 $405,513 $188,274 $217,239
2019 $5,181 $393,488 $182,691 $210,797
2018 $5,151 $385,773 $179,109 $206,664
2016 $4,938 $370,795 $172,155 $198,640
2015 $4,882 $365,227 $169,570 $195,657
2014 $4,812 $358,074 $166,249 $191,825
Source: Public Records

Agents Affiliated with this Home

  • Shant Sherbetdjian

    Seller's Agent in 2024

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    1 in this area

    56 Total Sales

    Shant Sherbetdjian
    Section Image
  • Lida Avedissian

    Buyer's Agent in 2024

    Lida Avedissian

    Coldwell Banker Hallmark

    (818) 476-3000

    1 in this area

    55 Total Sales

    Lida Avedissian
    Section Image
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Map

Source: The MLS

MLS Number: 23-334017

The MLS

APN: 5732-012-056

California Los Angeles County Pasadena 91106 Northwest Pasadena

505 N Wilson Ave, Pasadena, CA

This home is located at 505 N Wilson Ave, Pasadena, CA 91106 since 21 November 2023 and is currently estimated at $1,762,556, approximately $460 per square foot. This property was built in 1979. 505 N Wilson Ave is a home located in Los Angeles County with nearby schools including Charles W. Eliot Arts Magnet Academy, Pasadena High School, and Oak Knoll Montessori School.

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