Seller's Agent in 2024
Kevin Hurley
Keller Williams Realty/Pasadena
(310) 872-7176
1 in this area
17 Total Sales
531 Prescott St Pasadena, CA 91104
Orange Heights Neighborhood
2
Beds
4
Baths
8,852
Sq Ft
0.33
Acres
Highlights
- Laundry Room
- Level Lot
- 4-minute walk to Washington Park
About This Home
As of September 2024Listed at a 6.69% CAP rate and 9.59 GRM. Located in a historic area, surrounded by gracious majestic trees and mature greenery, this gated, unique investment opportunity provides a turn-key operation. There are 19 bachelor units plus a 2 bed/2 bath house + office. The bachelor units have a freestanding sink, refrigerator, electric stovetop, new mini-split AC units, and a full bathroom. There are new heating / air conditioning units in each apartment. Each unit features OVERVIEW a convenient, walk-in closet.
Last Agent to Sell the Property
Keller Williams Realty/Pasadena Brokerage Phone: 626-484-1897 License #01237798 Listed on: 07/15/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1914
Lot Details
- 0.33 Acre Lot
- Two or More Common Walls
- Level Lot
Parking
- 12 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 8,852 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 14
- Assessor Parcel Number 5730001023
- $3,173 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $11,496
- Fuel Expense $3,000
- Gardener Expense $3,000
- Insurance Expense $10,260
- Maintenance Expense $20,217
- Other Expense $19,857
- Pest Control $660
- Professional Management Expense $12,000
- Water Sewer Expense $11,496
- New Taxes Expense $39,047
- Operating Expense $120,773
- Gross Income $715
- Net Operating Income $235,783
Additional Features
- 20 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/11/2024 09/11/24 | Sold | $3,525,000 | 0.0% | $398 / Sq Ft | |
| 07/15/2024 07/15/24 | For Sale | $3,525,000 | +38.2% | $398 / Sq Ft | |
| 10/17/2016 10/17/16 | Sold | $2,550,000 | -16.4% | $288 / Sq Ft | View Prior Sale |
| 09/21/2016 09/21/16 | For Sale | $3,050,000 | +19.6% | $345 / Sq Ft | |
| 05/25/2016 05/25/16 | Off Market | $2,550,000 | -- | -- | |
| 05/09/2016 05/09/16 | For Sale | $3,050,000 | +117.9% | $345 / Sq Ft | |
| 09/15/2014 09/15/14 | Sold | $1,400,000 | -29.6% | $158 / Sq Ft | View Prior Sale |
| 08/14/2014 08/14/14 | Pending | -- | -- | -- | |
| 06/02/2014 06/02/14 | For Sale | $1,988,000 | -- | $225 / 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 | $36,649 | $2,959,490 | $2,321,170 | $638,320 |
| 2024 | $34,956 | $2,901,461 | $2,275,657 | $625,804 |
| 2023 | $34,683 | $2,844,571 | $2,231,037 | $613,534 |
| 2022 | $31,753 | $2,788,796 | $2,187,292 | $601,504 |
| 2021 | $30,424 | $2,734,114 | $2,144,404 | $589,710 |
| 2020 | $29,190 | $2,706,080 | $2,122,416 | $583,664 |
| 2019 | $29,278 | $2,653,020 | $2,080,800 | $572,220 |
| 2018 | $29,809 | $2,601,000 | $2,040,000 | $561,000 |
| 2016 | $18,063 | $1,535,919 | $964,487 | $571,432 |
| 2015 | $17,725 | $1,500,000 | $950,000 | $550,000 |
| 2014 | $891 | $228,580 | $20,376 | $208,204 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Hurley
-
Sam Nicola
S
Buyer's Agent in 2024
Sam Nicola
California Prime Realty
(818) 406-4596
1 in this area
23 Total Sales
-
Kevin Lutz
Seller's Agent in 2016
Kevin Lutz
Keller Williams Realty/Pasadena
(626) 429-0685
20 Total Sales
-
M
Seller Co-Listing Agent in 2014
Mary Ann Shemdin
United Real Estate Los Angeles
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS24145258
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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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