NOT LISTED FOR SALE

Estimated Value: $1,063,000 - $1,200,250

3 Beds
3 Baths
1,616 Sq Ft
$711/Sq Ft Est. Value

Last Sold October 04, 2024

Last sale price $1,120,000 $693 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,135/month

19 Days on Market

Highlights

  • No Units Above
  • Lawn
  • Central Air
  • Property is near a park
  • Laundry Room
  • 1-Story Property

About This Home

As of October 2024

This multi-family dwelling, a three-unit property, is conveniently located in the tranquil Villa Parke neighborhood of NW Pasadena. Located on a tree-lined corner at Esther Street and Raymond Avenue, the home offers easy accessibility with dual street frontages. Enjoy the ideally positioned amenities, all within easy reach. Just a few miles away, you'll find schools, banks, retail shops, restaurants, Villa Park, supermarkets, CVS, the Farmers' Market, the Rose Bowl Stadium, a golf club, the public library, museums, and Old Town Pasadena.

Last Agent to Sell the Property

Jerry Sun

RE/MAX Premier Properties License #01338788 Listed on: 08/06/2024

RE/MAX Premier Properties

Last Buyer's Agent

Jerry Sun

RE/MAX Premier Properties License #01338788 Listed on: 08/06/2024

RE/MAX Premier Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 5,818 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Lawn
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 1,616 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Location

  • Property is near a park
  • Property is near public transit

Additional Features

  • Exterior Lighting
  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Legal Lot and Block 1 / C
  • Assessor Parcel Number 5725006011
  • $708 per year additional tax assessments

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $864
  • Gardener Expense $1,680
  • Insurance Expense $1,400
  • Pest Control $310
  • Water Sewer Expense $1,500
  • New Taxes Expense $14,400
  • Operating Expense $20,154
  • Gross Income $76,800
  • Net Operating Income $56,646

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: PSR1
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 5725006011
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Price Per Square Foot: 693.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Outside
  • Pest Control Expense: 310.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 5818.00
  • Lot Size Acres: 0.1336

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Electric Expense: 864.00
  • Gross Income: 76800.00
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 5818.0000 Square Feet
  • Net Operating Income: 56646.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 20154.00
  • Rent Control: Yes
  • Total Expenses: 20154.00

Tax Info

  • New Taxes Expense: 14400.00
  • Tax Block: C
  • Tax Census Tract: 4619.01
  • Tax Lot: 1
  • Tax Tract Number: 00
  • TaxOtherAnnualAssessmentAmount: 708.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2024
Closed on
Aug 26, 2024
Sold by
Lisa Pharren Trust and Pharren Lisa
Bought by
Mcgehee-Koel And Koel Family Trust and Koel
Seller's Agent
Jerry Sun
RE/MAX Premier Properties
Buyer's Agent
Jerry Sun
RE/MAX Premier Properties
List Price
$899,900
Sold Price
$1,120,000
Premium/Discount to List
$220,100
24.46%
Views
76
Current Estimated Value
$1,149,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,063
Avg. Annual Appreciation
2.12%
Original Mortgage
$306,000
Outstanding Balance
$302,554
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$846,509

Purchase Details

Closed on
Sep 20, 2019
Sold by
Pharren Lisa
Bought by
Pharren Lisa and Lisa Pharren Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$594,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2018
Closed on
Sep 17, 2018
Sold by
Pharren Lisa
Bought by
Pharren Lisa and Lisa Pharren Trust
Seller's Agent
Alexander Lozano
The Agency
Buyer's Agent
Brian Reed
Engel & Völkers La Canada
List Price
$918,000
Sold Price
$1,057,500
Premium/Discount to List
$139,500
15.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.15%
Original Mortgage
$584,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2018
Closed on
Aug 21, 2018
Sold by
Keyghobad Bijan
Bought by
Pharren Lisa
Seller's Agent
Alexander Lozano
The Agency
Buyer's Agent
Brian Reed
Engel & Völkers La Canada
List Price
$918,000
Sold Price
$1,057,500
Premium/Discount to List
$139,500
15.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2003
Sold by
Kobayashi Roy H
Bought by
Keyghobad Bijan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,400
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 1999
Sold by
Baratta Mark A
Bought by
Kobayashi Roy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,544
Interest Rate
7.68%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcgehee-Koel And Koel Family Trust $1,120,000 Wfg National Title
Pharren Lisa -- None Available
Pharren Lisa -- Amrock Inc
Pharren Lisa -- None Available
Pharren Lisa $1,057,500 Chicago Title Company
Keyghobad Bijan $313,000 Chicago Title
Kobayashi Roy H $178,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgehee-Koel And Koel Family Trust $306,000
Previous Owner Pharren Lisa $594,000
Previous Owner Pharren Lisa $584,500
Previous Owner Keyghobad Bijan $250,400
Previous Owner Kobayashi Roy H $176,544
Closed Keyghobad Bijan $62,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2024 10/04/24 Sold $1,120,000 +24.5% $693 / Sq Ft
08/06/2024 08/06/24 For Sale $899,900 0.0% $557 / Sq Ft
05/15/2021 05/15/21 Rented $2,050 0.0% --
05/05/2021 05/05/21 Under Contract -- -- --
04/21/2021 04/21/21 Price Changed $2,050 -6.6% $4 / Sq Ft
03/31/2021 03/31/21 For Rent $2,195 0.0% --
02/01/2020 02/01/20 Rented $2,195 0.0% --
01/20/2020 01/20/20 For Rent $2,195 0.0% --
09/25/2018 09/25/18 Sold $1,057,500 +15.2% $693 / Sq Ft View Prior Sale
09/12/2018 09/12/18 Pending -- -- --
07/24/2018 07/24/18 For Sale $918,000 -- $601 / Sq Ft
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 $13,380 $1,120,000 $784,000 $336,000
2024 $13,380 $1,156,527 $809,296 $347,231
2023 $13,268 $1,133,851 $793,428 $340,423
2022 $12,810 $1,111,620 $777,871 $333,749
2021 $12,291 $1,089,824 $762,619 $327,205
2019 $11,831 $1,057,500 $740,000 $317,500
2018 $4,916 $398,399 $239,295 $159,104
2017 $4,850 $390,588 $234,603 $155,985
2016 $4,740 $382,930 $230,003 $152,927
2015 $4,685 $377,179 $226,549 $150,630
2014 $4,605 $369,792 $222,112 $147,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24162120

California Regional Multiple Listing Service (CRMLS)

APN: 5725-006-011