NOT LISTED FOR SALE

Estimated Value: $1,290,000 - $1,584,000

4 Beds
4 Baths
2,814 Sq Ft
$506/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $1,200,000 $426 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $8,762/month

161 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Pasadena High School Rated A

About This Home

As of February 2022

Excellent 3 unit Value-add investment opportunity or live in one and rent the other 2.Very desirable location south of Colorado Blvd, large lot,additional units or ADU may be possible per zoning.Carport parking. The back unit is a separate 2 bedroom 2 bath house with a private fenced yard; renovated in 2019, wood/laminate flooring, forced heat / air conditioning, remodeled kitchen with granite counter top. The other 2 units are large 1 bedroom and 1 bath each, long time tenants. Near shops,dining and much more.

Last Agent to Sell the Property

Tigran Arutunian

Discovery Realty and Finance License #00991108 Listed on: 08/30/2021

Last Buyer's Agent

Alice Shen

Alice Shen, Broker License #01798872

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 8,024 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Split Level Home
  • Property Attached

Interior Spaces

  • 2,814 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • Carport
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 5748016010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Not Applicable 105 Subdivision

Building Details

  • 3 Leased Units
  • Gardener Expense $1,500
  • Insurance Expense $1,375
  • Water Sewer Expense $2,800
  • New Taxes Expense $15,313
  • Gross Income $54,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2800.00
  • Zoning: PSR3
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 5748016010
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One, Multi/Split
  • Price Per Square Foot: 426.44

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport

Utilities

  • Heating: Yes
  • Heating Type: Forced Air, Wall Furnace
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 8024.00
  • Lot Size Acres: 0.1842

Multi Family

  • Gross Operating Income: 54000.00
  • Insurance Expense: 1375.00
  • Lot Size Area: 8024.0000 Square Feet
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Total Actual Rent: 54000.00

Tax Info

  • New Taxes Expense: 15312.50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2021
Closed on
Feb 2, 2022
Sold by
Francisco Crestejo
Bought by
Sherman Alex and Lane Alyssa
Seller's Agent
Tigran Arutunian
Discovery Realty and Finance
Buyer's Agent
Alice Shen
Alice Shen, Broker
List Price
$1,225,000
Sold Price
$1,200,000
Premium/Discount to List
-$25,000
-2.04%
Current Estimated Value
$1,423,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,309
Avg. Annual Appreciation
4.42%
Original Mortgage
$900,000
Outstanding Balance
$835,819
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$587,490

Purchase Details

Closed on
Sep 14, 2020
Sold by
Varvitsiotis Nikole K
Bought by
Crestejo Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2013
Sold by
Ramirez Ricardo Castillo and Ramirez Clara Elizabeth
Bought by
Varvitsiotis Nikole K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2004
Sold by
Ramirez Ricardo C and Ramirez Clara
Bought by
Ramirez Ricardo Castillo and Ramirez Clara Elizabeth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Sherman Alex $1,200,000 Pacific Coast Title
Crestejo Francisco $1,150,000 Ticor Title Company Of Ca
Varvitsiotis Nikole K $620,000 Chicago Title
Ramirez Ricardo Castillo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherman Alex $900,000
Previous Owner Crestejo Francisco $350,000
Previous Owner Varvitsiotis Nikole K $465,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $1,200,000 -2.0% $426 / Sq Ft
08/30/2021 08/30/21 For Sale $1,225,000 -- $435 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,510 $1,273,449 $827,742 $445,707
2024 $14,510 $1,248,480 $811,512 $436,968
2023 $14,387 $1,224,000 $795,600 $428,400
2022 $13,597 $1,173,000 $703,800 $469,200
2021 $13,040 $1,150,000 $690,000 $460,000
2020 $8,495 $748,133 $489,799 $258,334
2019 $543 $684,415 $480,196 $204,219
2018 $8,102 $670,996 $470,781 $200,215
2016 $7,828 $644,942 $452,500 $192,442
2015 $7,741 $635,256 $445,704 $189,552
2014 $7,596 $622,813 $436,974 $185,839
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320007408

California Regional Multiple Listing Service (CRMLS)

APN: 5748-016-010