NOT LISTED FOR SALE

Estimated Value: $1,196,000 - $1,243,098

3 Beds
3 Baths
1,950 Sq Ft
$624/Sq Ft Est. Value

Last Sold August 08, 2024

Last sale price $1,200,000 $615 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,691/month

30 Days on Market

Highlights

  • Spanish Architecture
  • Corner Lot
  • Private Yard
  • Coolidge Elementary School Rated A
  • Granite Countertops
  • 2-minute walk to Plaza Park

About This Home

As of August 2024

Enjoy these fully remodeled single-level one-bedroom Tri-plex apartment properties in the historical San Gabriel Mission District. The property was fully remodeled in February 2020 with permits. A new roof was installed on the living units and the garage in July 2015 (permitted). Central A/C and heat for each unit. All new electrical with LED lighting (permitted). Fully remodeled kitchens and bathrooms make this a very desirable investment. The kitchens have Granite countertops, decorative glass backsplash, soft-close shaker cabinets, dual stainless-steel sinks (that are under counter mounted), and garbage disposals. There is a floor-to-ceiling pantry in each unit. In 2020 purchased new five-burner GE gas stoves and stainless steel range hoods (2 apartments have over-the-range microwaves). Full-size brand-new purchased in 2020 washer and dryer in a separate laundry room of each unit. Custom bathrooms provide walk-in showers (no tub) with floor-to-ceiling tile, glass sliding doors, and newer sinks and toilets. Ceramic tile flooring in the kitchen and bathroom and wood flooring in the living rooms, hallway, and bedroom (no carpet). Arched walkways soften the living environment. Dual pane windows with mini blinds, newer doors, knobs, and hinges throughout as well. The bedrooms (11' x 13') have a large closet with double wire racks to maximize clothing storage. Recessed ceiling lights on dimmer switches throughout. Eat-in areas off the kitchens. Off-street parking spaces and two garage storage spaces providing additional income outside of the lease agreements. One of the few fully upgraded investment properties in this area, making them very easy to lease.

Last Agent to Sell the Property

David Tramontano

The Jireh Group License #01338351 Listed on: 06/04/2024

Last Buyer's Agent

Chun Ip

Coldwell Banker Realty Pasadena License #01852039

Coldwell Banker Realty Pasadena

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,367

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 6,121 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • East Facing Home
  • Landscaped
  • Corner Lot
  • Level Lot
  • Front and Side Yard Sprinklers
  • Private Yard
  • Lawn

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Triplex
  • Spanish Architecture
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,950 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • Custom Window Coverings
  • Blinds
  • Window Screens
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Doors swing in

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Forced Air Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 018
  • Tax Tract Number 481
  • Assessor Parcel Number 5362006018

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Maintenance Expense $360
  • Other Expense $475
  • Professional Management Expense $4,824
  • Supplies Expense $65
  • Trash Expense $3,324
  • Water Sewer Expense $1,200
  • New Taxes Expense $17,150
  • Operating Expense $28,718
  • Gross Income $3,000
  • Net Operating Income $65,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,367

Year Built

Built in 1948 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 5.30
  • Inclusions: The owners have provided: Full size washer and dryer and stove in all three units, with mounted microwaves in two of the three units. Central air and heat in each unit.
  • Professional Management Expense: 4824.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable
  • Supplies Expense: 65.00
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Spanish
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 5362006018
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Unfurnished, Recessed Lighting
  • Stories: 1
  • Entry Location: Two steps up (raised foundation)
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Accessibility Features: Doors - Swing In
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 615.38
  • Room Type: All Bedrooms Down, Kitchen, Main Floor Bedroom, Living Room, Laundry
  • Window Features: Blinds, Screens, Double Pane Windows, Custom Covering

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • Other Structures: Storage
  • Fence: No
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Uncovered, Off Street, Parking Space, On Site
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Range Hood, Microwave, Gas Water Heater, Gas Range, Gas Oven
  • Electric: Standard
  • Heating Type: Central, Forced Air
  • Laundry Features: Dryer Included, Washer Included, Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 3324.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot, Yard, Sprinkler System, Sprinklers Timer, Sprinklers On Side, Sprinklers In Front, Landscaped, Level, Lawn, Front Yard
  • Lot Size: 50' frontage x 121' deep
  • Lot Size Sq Ft: 6121.00
  • Lot Size Acres: 0.1405

Rental Info

  • Garage Rental Rate: 80.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Garage Income: 960.00
  • Gross Income: 3000.00
  • Gross Scheduled Income: 71244.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6121.0000 Square Feet
  • Maintenance Expense: 360.00
  • Net Operating Income: 65400.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 5844.00
  • Operating Expense Percent: 8.20
  • Other Expense: 475.00
  • Other Expense Description: Turnover cleaning
  • Other Income1: 2040.00
  • Other Income Description: Parking (3 units) #A=$70.00 #B= $50.00 #C= $50.00
  • Rent Control: Yes
  • Total Actual Rent: 71244.00
  • Total Expenses: 28718.00

Tax Info

  • New Taxes Expense: 17150.00
  • Tax Area: 8-467
  • Tax Lot: 018
  • Tax Rate: 1.40
  • Tax Tract: 14541
  • Tax Tract Number: 481...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Aug 1, 2024
Sold by
Fay Len Lieu Living Trust and Olzick Betty
Bought by
Nutshell Capital Llc
Seller's Agent
David Tramontano
The Jireh Group
Buyer's Agent
Chun Ip
Coldwell Banker Realty Pasadena
List Price
$1,225,000
Sold Price
$1,200,000
Premium/Discount to List
-$25,000
-2.04%
Views
25
Current Estimated Value
$1,231,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,839
Avg. Annual Appreciation
1.42%
Original Mortgage
$400,000
Outstanding Balance
$395,826
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$821,199

Purchase Details

Listed on
Jan 15, 2015
Closed on
Feb 9, 2015
Sold by
Ge Enterprise Corporation
Bought by
Lieu Fay Len and The Fay Len Lieu Living Trust
Seller's Agent
Connie Hsu
Coldwell Banker New Century
Buyer's Agent
Brian Larsen
JohnHart Real Estate
List Price
$688,000
Sold Price
$680,000
Premium/Discount to List
-$8,000
-1.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.16%

Purchase Details

Listed on
May 22, 2014
Closed on
Jun 3, 2014
Sold by
Wise Mona J
Bought by
Ge Enterprise Corporation
Seller's Agent
Steve Goetz
Coldwell Banker New Century
Buyer's Agent
Eddie Hsu
Coldwell Banker New Century
List Price
$635,000
Sold Price
$618,000
Premium/Discount to List
-$17,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.10%
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
Nutshell Capital Llc $1,200,000 Chicago Title Company
Lieu Fay Len $680,000 Title 365
Ge Enterprise Corporation $618,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nutshell Capital Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Sold $1,200,000 -2.0% $615 / Sq Ft
07/03/2024 07/03/24 Pending -- -- --
06/03/2024 06/03/24 For Sale $1,225,000 +80.1% $628 / Sq Ft
02/11/2015 02/11/15 Sold $680,000 -1.2% $349 / Sq Ft
02/11/2015 02/11/15 Pending -- -- --
01/15/2015 01/15/15 For Sale $688,000 +11.3% $353 / Sq Ft
06/09/2014 06/09/14 Sold $618,000 -2.7% $317 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
05/22/2014 05/22/14 For Sale $635,000 -- $326 / 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 $11,367 $1,200,000 $700,000 $500,000
2024 $11,367 $801,227 $471,311 $329,916
2023 $11,171 $785,518 $462,070 $323,448
2022 $10,716 $770,116 $453,010 $317,106
2021 $10,637 $755,017 $444,128 $310,889
2019 $10,181 $732,625 $430,956 $301,669
2018 $10,094 $718,260 $422,506 $295,754
2016 $9,616 $690,370 $406,100 $284,270
2015 $8,844 $630,346 $360,052 $270,294
2014 $4,619 $297,902 $192,853 $105,049
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-17912

Pasadena-Foothills Association of REALTORS®

APN: 5362-006-018