NOT LISTED FOR SALE

542 S Sierra Madre Blvd Pasadena, CA 91107

San Pasqual Neighborhood

Estimated Value: $1,897,000 - $2,328,000

6 Beds
4 Baths
4,118 Sq Ft
$520/Sq Ft Est. Value

Last Sold July 13, 2021

Last sale price $1,902,500 $462 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $13,519/month

14 Days on Market

Highlights

  • Fireplace
  • Cooling System Mounted To A Wall/Window
  • Park
  • Pasadena High School Rated A
  • Views
  • Laundry Room

About This Home

As of July 2021

Excellent 4 unit building located in the strong rental market of beautiful Pasadena. Excellent location close to Cal Tech, Huntington Library, PCC, shopping, parks and on the San Marino Border. This property boasts (2) 2 bedroom 1 bath and (2) 1 bedroom 1 bath. One 2 bedroom will be vacant for the possibility of an owner user purchase. All units have hardwood floors, front and back doors. Three units have patios and one has a balcony. In the rear of the property there are also five enclosed garages. The building also has a Coin Operated Laundry Room. The current rents are below market.

Last Agent to Sell the Property

Constandinos Vagenas

Goldstone Group License #01947555 Listed on: 05/27/2021

Co-Listed By

Andrew Demopulos

Andrew N Demopulos, BROKER License #00347260

Last Buyer's Agent

Joseph Reed

Sotheby's International Realty, Inc. License #01050805

Sotheby's International Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,217

Year Built

  • Built in 1953

Lot Details

  • 8,964 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 4,118 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Laundry Room
  • Property Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 463
  • Assessor Parcel Number 5331001005

Community Details

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1,800
  • New Taxes Expense $23,625
  • Operating Expense $29,025
  • Gross Income $93,792
  • Net Operating Income $64,767

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,217

Year Built

Built in 1953

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 5331001005
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 462.00

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 1800.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8964.00
  • Lot Size Acres: 0.2058

Multi Family

  • Garage Income: 195.00
  • Gross Income: 93792.00
  • Gross Scheduled Income: 93792.00
  • Insurance Expense: 1200.00
  • Laundry Income: 70.00
  • Lot Size Area: 8964.0000 Square Feet
  • Net Operating Income: 64767.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Operating Expense: 29025.00
  • Rent Control: Yes
  • Total Expenses: 29025.00

Tax Info

  • New Taxes Expense: 23625.00
  • Tax Lot: 5
  • Tax Tract Number: 463...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2021
Closed on
Jul 10, 2021
Sold by
Ginn Charles and Ginn Stephanie
Bought by
L & R Property Ventures Llc
Seller's Agent
Constandinos Vagenas
Goldstone Group
Buyer's Agent
Joseph Reed
Sotheby's International Realty, Inc.
List Price
$1,890,000
Sold Price
$1,902,500
Premium/Discount to List
$12,500
0.66%
Current Estimated Value
$2,142,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,167
Avg. Annual Appreciation
2.91%
Original Mortgage
$1,350,000
Outstanding Balance
$1,230,214
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$912,453

Purchase Details

Listed on
May 27, 2021
Closed on
Jul 9, 2021
Sold by
Trigonis Alex J and The Trigonis Trust
Bought by
Agapi Ecclesiastical Foundation Inc
Seller's Agent
Constandinos Vagenas
Goldstone Group
Buyer's Agent
Joseph Reed
Sotheby's International Realty, Inc.
List Price
$1,890,000
Sold Price
$1,902,500
Premium/Discount to List
$12,500
0.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Outstanding Balance
$1,230,214
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$912,453

Purchase Details

Listed on
May 27, 2021
Closed on
Jul 8, 2021
Sold by
Agapi Ecclesiastical Foundation Inc
Bought by
Ginn Charles and Ginn Stephanie
Seller's Agent
Constandinos Vagenas
Goldstone Group
Buyer's Agent
Joseph Reed
Sotheby's International Realty, Inc.
List Price
$1,890,000
Sold Price
$1,902,500
Premium/Discount to List
$12,500
0.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Outstanding Balance
$1,230,214
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$912,453

Purchase Details

Closed on
Nov 10, 2004
Sold by
Trigonis Katherine A and Trigonis Argyris C
Bought by
Trigonis Katherine A and The Trigonis Decedents Trust
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
L & R Property Ventures Llc -- Pacific Coast Title Company
Agapi Ecclesiastical Foundation Inc -- Pacific Coast Title Company
Ginn Charles $1,902,500 Pacific Coast Title Company
Trigonis Katherine A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ginn Charles $1,350,000
Previous Owner Trigonis Art $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $1,902,500 +0.7% $462 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $1,890,000 -- $459 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $23,217 $2,005,683 $1,209,777 $795,906
2024 $23,217 $1,966,356 $1,186,056 $780,300
2023 $22,690 $1,927,800 $1,162,800 $765,000
2022 $21,922 $1,890,000 $1,140,000 $750,000
2021 $6,072 $448,462 $131,337 $317,125
2020 $5,865 $444,495 $129,991 $314,504
2019 $5,871 $435,793 $127,443 $308,350
2018 $5,814 $427,262 $124,945 $302,317
2016 $5,601 $410,068 $120,095 $289,973
2015 $5,544 $403,910 $118,292 $285,618
2014 $5,463 $395,999 $115,975 $280,024
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-4928

Pasadena-Foothills Association of REALTORS®

APN: 5331-001-005