NOT LISTED FOR SALE

Estimated Value: $1,484,000 - $2,291,681

7 Beds
4 Baths
3,381 Sq Ft
$567/Sq Ft Est. Value

Last Sold May 19, 2017

Last sale price $1,360,000 $402 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $11,653/month

Highlights

  • Mountain View
  • Property is near a park
  • Bonus Room
  • Pasadena High School Rated A
  • Traditional Architecture
  • 4-minute walk to Jefferson Park

About This Home

As of May 2017

Here is another chance to get a nowadays rare RM32 lot in Pasadena for future Development. Can build up to 10 units on the said property, the lot has 65 ft frontage and 200.32' in depth. Currently it has 2 separate houses that generates $5350/Mo.+ The Large storage ( about 600 sq.ft.), you can cover most of your PITI payments while applying for permits. Close to PCC and CALTEC + downtown and transportation. Both houses were remodeled in 2013.Buyer to verify with city of Pasadena re.its usability, and all other aspects . Please do not enter the property or disturb the tenants, they are not aware of the sale. Thanks.

Last Agent to Sell the Property

Sarkis Baghikian

Home-Net Realty & Fin. Ser. License #00990570 Listed on: 12/02/2016

Last Buyer's Agent

Powai Wong

Coldwell Banker License #01892854

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,337

Year Built

  • Built in 1907 | Remodeled

Lot Details

  • 0.3 Acre Lot
  • No Common Walls
  • Wood Fence
  • Chain Link Fence
  • Rectangular Lot
  • Sprinklers on Timer
  • Density is 6-10 Units/Acre
  • Value in Land

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Traditional Architecture
  • Cottage
  • Raised Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,381 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Living Room with Fireplace
  • Bonus Room
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Uncovered Parking
  • Assigned Parking

Accessible Home Design

  • Customized Wheelchair Accessible
  • Doors are 32 inches wide or more
  • Ramp on the main level

Outdoor Features

  • Balcony
  • Rain Gutters

Location

  • Property is near a park

Utilities

  • Cooling Available
  • Central Heating
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, gas, HVAC maintenance, telephone, trash collection
  • Tax Lot 13
  • Tax Tract Number 8
  • Assessor Parcel Number 5739020011

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $500
  • New Taxes Expense $17,187
  • Operating Expense $17,687
  • Gross Income $63,600
  • Net Operating Income $51,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,337

Year Built

Built in 1907 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s)
  • View: Yes
  • Zoning: PSR3
  • Architectural Style: Cottage, Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5739020011
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Stone
  • Accessibility Features: 32 Inch Or More Wide Doors, Ramp - Main Level, Customized Wheelchair Accessible
  • Appliances: Yes
  • Fireplace Features: Living Room, Gas
  • Price Per Square Foot: 402.25
  • Room Type: Bonus Room, Kitchen, Laundry, Living Room
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Foundation: Raised
  • Exterior Features: TV Antenna
  • View: Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Drywall Walls, Glass

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Uncovered

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Lot 10000-19999 Sqft, Rectangular Lot, Park Nearby, Sprinkler System, Sprinklers Timer, Value In Land
  • Lot Size Sq Ft: 13050.00

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Gas, HVAC Maintenance, Telephone, Trash Collection

Multi Family

  • Gross Income: 63600.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 500.00
  • Net Operating Income: 51100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 12500.00
  • Rent Control: No
  • Total Actual Rent: 5300.00
  • Total Expenses: 17687.00

Tax Info

  • New Taxes Expense: 17187.00
  • Tax Census Tract: 4623.01
  • Tax Lot: 13
  • Tax Tract Number: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2017
Sold by
Yu Chung Han and Huang Jade
Bought by
Adriatic Sea Llc
Current Estimated Value
$1,915,920

Purchase Details

Listed on
Dec 2, 2016
Closed on
Mar 27, 2017
Sold by
Baghikian Sarkis
Bought by
Yu Chung Han and Huang Jad
Seller's Agent
Sarkis Baghikian
Home-Net Realty & Fin. Ser.
Buyer's Agent
Powai Wong
Coldwell Banker
List Price
$1,375,000
Sold Price
$1,360,000
Premium/Discount to List
-$15,000
-1.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.39%
Original Mortgage
$814,490
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 12, 2007
Sold by
Baghikinan Mary
Bought by
Baghikian Sarkis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2006
Sold by
Lutheran Social Services Foundation Of S
Bought by
Baghikian Sarkis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
6.19%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 22, 2005
Sold by
Baghikian Mary
Bought by
Baghikian Sarkis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,000
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2005
Sold by
Dulos Rizalia B
Bought by
Baghikian Sarkis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,000
Interest Rate
5.37%
Mortgage Type
New Conventional
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
Adriatic Sea Llc -- None Available
Yu Chung Han $1,360,000 North American Title Co Inc
Baghikian Sarkis -- Gateway Title Company
Baghikian Sarkis $890,000 Gateway Title Company
Baghikian Sarkis -- Chicago Title Co
Baghikian Sarkis $755,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yu Chung Han $814,490
Previous Owner Baghikian Sarkis $650,000
Previous Owner Baghikian Sarkis $62,000
Previous Owner Baghikian Sarkis $604,000
Closed Baghikian Sarkis $75,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2017 05/19/17 Sold $1,360,000 -1.1% $402 / Sq Ft
03/07/2017 03/07/17 Pending -- -- --
12/02/2016 12/02/16 For Sale $1,375,000 0.0% $407 / Sq Ft
01/06/2014 01/06/14 Rented $3,200 -13.4% --
01/03/2014 01/03/14 Under Contract -- -- --
11/25/2013 11/25/13 For Rent $3,695 -- --
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 $17,337 $1,547,442 $1,237,956 $309,486
2024 $17,337 $1,517,101 $1,213,683 $303,418
2023 $17,192 $1,487,355 $1,189,886 $297,469
2022 $16,594 $1,458,192 $1,166,555 $291,637
2021 $15,909 $1,429,601 $1,143,682 $285,919
2020 $15,264 $1,414,943 $1,131,955 $282,988
2019 $15,308 $1,387,200 $1,109,760 $277,440
2018 $15,942 $1,387,200 $1,109,760 $277,440
2017 $12,006 $1,027,417 $796,539 $230,878
2016 $11,744 $1,007,272 $780,921 $226,351
2015 $11,617 $992,142 $769,191 $222,951
2014 $11,376 $972,708 $754,124 $218,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16756556

California Regional Multiple Listing Service (CRMLS)

APN: 5739-020-011