Andrew Hart
Real Broker
(818) 463-1176
65 Total Sales
1 in Orange Heights
$1,250,000 Price
530 E Mountain St Pasadena, CA 91104
Orange Heights Neighborhood
11
Beds
10
Baths
4,716
Sq Ft
0.29
Acre Lot
Highlights
- No Units Above
- 4 Car Garage
- Block Wall Fence
- Traditional Architecture
- Laundry Facilities
- Wood Siding
About This Home
As of November 2024Great opportunity to own a 7-unit apartment building strategically located in a charming neighborhood of Pasadena! The property features a well-rounded mix of units: four 1-bedroom, 1-bath units; two 2-bedroom, 2-bath units; and one expansive 3-bedroom, 2-bath unit, all currently tenant-occupied, ensuring immediate rental income. Property is comprised of 3 buildings. The front building was a craftsman home that was converted into a triplex. The middle building is a ground-level duplex. The rear building has 4 single-car garages, with a duplex above them. The property also includes ample parking, adding to the appeal, and is located just a few short blocks from markets & restaurants on N Lake Ave. Immense potential for those looking to capitalize on an investment with significant upside potential in a sought-after city.
Last Agent to Sell the Property
Keller Williams Realty Brokerage Email: daveknightrealestate@gmail.com License #01829234 Listed on: 08/14/2024
Co-Listed By
Keller Williams Realty Brokerage Email: daveknightrealestate@gmail.com License #01263026
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 12,650 Sq Ft Lot
- No Units Above
- End Unit
- No Units Located Below
- 1 Common Wall
- Two or More Common Walls
- Block Wall Fence
- Chain Link Fence
- No Sprinklers
Parking
- 4 Car Garage
- Parking Available
- Front Facing Garage
- Driveway
Home Design
- Traditional Architecture
- Property Attached
- Brick Exterior Construction
- Wood Siding
- Stucco
Interior Spaces
- 4,716 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 10 Bathrooms
Utilities
- No Heating
Listing and Financial Details
- Tenant pays for trash collection, water
- Tax Lot 3
- Tax Tract Number 462
- Assessor Parcel Number 5731001004
Community Details
Overview
- 3 Buildings
- 7 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 7 Separate Water Meters
- Insurance Expense $2,877
- Professional Management Expense $4,608
- Operating Expense $27,872
- Gross Income $83,832
- Net Operating Income $55,960
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 14, 2024
Closed on
Oct 23, 2024
Sold by
Bought by
Seller's Agent
David Knight
Keller Williams Realty
Buyer's Agent
DANIEL RACEDO
EXP REALTY OF CALIFORNIA INC
List Price
$1,099,000
Sold Price
$1,299,999
Premium/Discount to List
$200,999
18.29%
Views
28
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,105,000
Outstanding Balance
$1,082,300
Interest Rate
6.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 21, 1998
Sold by
Bought by
Purchase Details
Closed on
Nov 8, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Orange Heights, CA
-
Andrew Hart
-
Linda Ojeda
Linda Ojeda
Luxury Collective
(424) 372-0165
112 Total Sales
2 in Orange Heights
$650,000 Price Range
-
Beatrice Harendza-Harinxma
Beatrice Harendza-Harinxma
COMPASS
(818) 418-8114
49 Total Sales
1 in Orange Heights
$1,200,000 Price
-
Staci Siegel
Staci Siegel
Engel & Völkers
(424) 499-2383
29 Total Sales
1 in Orange Heights
$1,630,000 Price
-
Janet Escobar
Janet Escobar
Circa Properties, Inc.
(657) 999-4571
20 Total Sales
1 in Orange Heights
$1,525,000 Price
-
Marc de Longeville
Marc de Longeville
Sotheby's International Realty
(424) 227-5692
37 Total Sales
2 in Orange Heights
$730K - $735K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,300,000 | Lawyers Title | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,105,000 | ||
| Previous Owner | $750,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/01/2024 11/01/24 | Sold | $1,299,999 | +18.3% | $276 / Sq Ft |
| 09/20/2024 09/20/24 | Pending | -- | -- | -- |
| 09/19/2024 09/19/24 | For Sale | $1,099,000 | -15.5% | $233 / Sq Ft |
| 09/18/2024 09/18/24 | Off Market | $1,299,999 | -- | -- |
| 09/03/2024 09/03/24 | Price Changed | $1,099,000 | -15.4% | $233 / Sq Ft |
| 08/14/2024 08/14/24 | For Sale | $1,299,000 | -- | $275 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $16,491 | $1,300,000 | $975,000 | $325,000 |
| 2024 | $5,198 | $314,812 | $101,546 | $213,266 |
| 2023 | $5,153 | $308,640 | $99,555 | $209,085 |
| 2022 | $5,004 | $302,589 | $97,603 | $204,986 |
| 2021 | $4,806 | $296,657 | $95,690 | $200,967 |
| 2019 | $4,662 | $288,559 | $92,852 | $195,707 |
| 2018 | $4,565 | $282,916 | $91,032 | $191,884 |
| 2016 | $4,350 | $271,260 | $87,499 | $183,761 |
| 2015 | $4,297 | $267,186 | $86,185 | $181,001 |
| 2014 | $4,270 | $261,953 | $84,497 | $177,456 |
Source: Public Records
Agents Affiliated with this Home
-
David Knight
D
Seller's Agent in 2024
David Knight
Keller Williams Realty
(626) 657-0359
6 in this area
355 Total Sales
-
Amber Waas
A
Seller Co-Listing Agent in 2024
Amber Waas
Keller Williams Realty
(626) 657-0359
3 in this area
110 Total Sales
-
DANIEL RACEDO
Buyer's Agent in 2024
DANIEL RACEDO
EXP REALTY OF CALIFORNIA INC
(818) 281-6651
1 in this area
22 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-18865
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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