Seller's Agent in 2024
Luther Tsinoglou
Compass
(626) 695-8650
1 in this area
63 Total Sales
53 S Roosevelt Ave Pasadena, CA 91107
Lamanda Park NeighborhoodEstimated Value: $1,860,000 - $1,965,000
9
Beds
5
Baths
4,350
Sq Ft
$444/Sq Ft
Est. Value
Highlights
- Property is near public transit
- No HOA
- Laundry Room
- Pasadena High School Rated A
- Cooling System Mounted To A Wall/Window
- 6 Attached Carport Spaces
About This Home
As of June 2024The subject property is a well maintained 4-unit investment property conveniently located near the heart of Pasadena. The property consists of 4 separate houses, measuring approx. 4,350sf. situated on a large 11,256sf lot, as per assessor records. The main house offers 3bed/2bath, spacious living/dining area, indoor laundry and a newer central air & heat unit. The 3 additional homes offer 2 bedrooms and 1 bath, open floor plans with kitchen and eating areas, ample closets as well as raised ceilings. Covered parking is available and can accommodate up to 6 vehicles. The property also includes a common laundry room in addition to the separate electrical and gas meters. Owner pays for water and gardening service. Potential to add up to 2-ADU's on the property, buyer to verify.
Last Agent to Sell the Property
Compass Brokerage Phone: 626-695-8650 License #01135433 Listed on: 04/26/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,378
Year Built
- Built in 1978
Lot Details
- 0.26 Acre Lot
- No Common Walls
- Block Wall Fence
- Landscaped
- Rectangular Lot
- Level Lot
Home Design
- Quadruplex
- Slab Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 4,350 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 1 Open Parking Space
- 7 Parking Spaces
- 6 Attached Carport Spaces
- Parking Available
- Driveway Level
Location
- Property is near public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating and Cooling System
- Air Source Heat Pump
- Wall Furnace
- Natural Gas Connected
- Gas Water Heater
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas, telephone, trash collection
- Tax Lot 1
- Tax Tract Number 36479
- Assessor Parcel Number 5747006049
- $1,270 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $500
- Gardener Expense $1,200
- Insurance Expense $2,500
- Maintenance Expense $1,500
- Water Sewer Expense $2,000
- New Taxes Expense $20,000
- Operating Expense $27,950
- Gross Income $99,500
- Net Operating Income $71,550
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 26, 2024
Closed on
Jun 3, 2024
Sold by
Lin Jasper Shinn Cherng
Bought by
63 Roosevelt Avenue Llc
Seller's Agent
Luther Tsinoglou
Compass
Buyer's Agent
Troy Kuo
In Realty Inc.
List Price
$1,600,000
Sold Price
$1,922,000
Premium/Discount to List
$322,000
20.12%
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,701
Avg. Annual Appreciation
0.33%
Purchase Details
Listed on
Nov 18, 2014
Closed on
Dec 15, 2014
Sold by
Pankey Carollynn
Bought by
Lin Jasper Shinn Cherng
Seller's Agent
Joe Cooper
Keller Williams Pasadena Mrkt
Buyer's Agent
Luther Tsinoglou
List Price
$1,175,000
Sold Price
$1,170,000
Premium/Discount to List
-$5,000
-0.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.38%
Purchase Details
Closed on
Nov 13, 1997
Sold by
Pankey Barbara J and Pankey Living Trust
Bought by
Pankey Barbara J and The Barbara J Pankey Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 63 Roosevelt Avenue Llc | $1,922,000 | Lawyers Title Company | |
| Lin Jasper Shinn Cherng | $1,170,000 | Lawyers Title Company | |
| Lin Jasper Shinn Cherng | -- | Lawyers Title Company | |
| Pankey Barbara J | -- | -- | |
| Pankey Barbara J | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2024 06/10/24 | Sold | $1,922,000 | +20.1% | $442 / Sq Ft |
| 05/13/2024 05/13/24 | Pending | -- | -- | -- |
| 05/10/2024 05/10/24 | For Sale | $1,600,000 | -16.8% | $368 / Sq Ft |
| 05/09/2024 05/09/24 | Off Market | $1,922,000 | -- | -- |
| 04/26/2024 04/26/24 | For Sale | $1,600,000 | +36.8% | $368 / Sq Ft |
| 12/24/2014 12/24/14 | Sold | $1,170,000 | -0.4% | $269 / Sq Ft |
| 11/25/2014 11/25/14 | Pending | -- | -- | -- |
| 11/18/2014 11/18/14 | For Sale | $1,175,000 | -- | $270 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,378 | $1,960,440 | $1,071,000 | $889,440 |
| 2024 | $16,378 | $1,378,583 | $824,795 | $553,788 |
| 2023 | $16,241 | $1,351,553 | $808,623 | $542,930 |
| 2022 | $15,690 | $1,325,053 | $792,768 | $532,285 |
| 2021 | $15,048 | $1,299,073 | $777,224 | $521,849 |
| 2019 | $14,496 | $1,260,544 | $754,172 | $506,372 |
| 2018 | $14,659 | $1,235,829 | $739,385 | $496,444 |
| 2016 | $14,177 | $1,187,842 | $710,675 | $477,167 |
| 2015 | $14,021 | $1,170,000 | $700,000 | $470,000 |
| 2014 | $3,877 | $265,982 | $33,776 | $232,206 |
Source: Public Records
Agents Affiliated with this Home
-
Luther Tsinoglou
-
Troy Kuo
Buyer's Agent in 2024
Troy Kuo
In Realty Inc.
(626) 802-0335
1 in this area
70 Total Sales
-
J
Seller's Agent in 2014
Joe Cooper
Keller Williams Pasadena Mrkt
-
David Knight
D
Seller Co-Listing Agent in 2014
David Knight
(626) 657-0359
5 in this area
375 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR24080400
APN: 5747-006-049
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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