NOT LISTED FOR SALE

59 S Meridith Ave Pasadena, CA 91106

Playhouse Village Neighborhood
9 Beds
7 Baths
4,952 Sq Ft
7,927 Sq Ft Lot Lot

Sale Details

Date Sold: March 30, 2016

Last sale price $1,958,000 $395 Per Sq Ft

41 Days on Market

Highlights

  • Laundry Room
  • 7 Detached Carport Spaces
  • Carpet
  • Pasadena High School Rated A

About This Home

As of March 2016

Excellent Location!!! 2 Story apartment building in desirable Pasadena. This 7 unit building is located south of Colorado and close to Pasadena City College, 99Cents Market, restaurants, CalTech, Metro, Freeway, etc. Property consists of 2 - 2 bedrooms + 1 bathroom, 5 - 1 bedroom + 1 bathroom, private patios downstairs and balconies upstairs. 7 Carports. Two storage rooms. On site laundry room with coin-operated washer and dryer. Units have good sized living room, bedroom and kitchen. Each unit has own separate electric and gas meter. Property has own separate house meter for gas and electric. Copper plumbing. Low owner expenses. Easy to maintain. Additional income from laundry. Rents can be raised. Some long term tenants. Property always rented. New owner has the potential to increase rents to market value. No Rent Control. Great opportunity to own income property in high demand rental area!!!

Last Agent to Sell the Property

Pretam Fuqua

WeTrust Realty License #01074015 Listed on: 02/17/2016

Last Buyer's Agent

PFNon-Member Default

ITECH MLS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,927

Home Design

  • Property Attached

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • 7 Parking Spaces
  • 7 Detached Carport Spaces
  • Parking Available

Additional Features

  • Laundry Room
  • 7,927 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, gas, electricity
  • Assessor Parcel Number 5736024007

Community Details

Overview

  • 7 Units

Building Details

  • 7 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $27
  • Fuel Expense $68
  • Gardener Expense $120
  • Trash Expense $149
  • Water Sewer Expense $125
  • Gross Income $99,540

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

7,927 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 125.00
  • Zoning: PSR3
  • Property Type: Residential Income
  • Gardener Expense: 120.00
  • Parcel Number: 5736024007
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Levels: Two
  • Price Per Square Foot: 393.38

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Trash Expense: 149.49

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7927.00
  • Lot Size Acres: 0.1820

Rental Info

  • Tenant Pays: Cable TV, Gas, Electricity

Multi Family

  • Electric Expense: 27.00
  • Fuel Expense: 68.00
  • Gross Income: 99540.00
  • Laundry Income: 60.00
  • Lot Size Area: 7927.0000 Square Feet
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2016 03/30/16 Sold $1,958,000 0.0% $395 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $1,958,000 -- $395 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $26,512 $2,317,869 $1,278,499 $1,039,370
2024 $26,512 $2,272,422 $1,253,431 $1,018,991
2023 $26,293 $2,227,865 $1,228,854 $999,011
2022 $25,393 $2,184,182 $1,204,759 $979,423
2021 $24,359 $2,141,356 $1,181,137 $960,219
2019 $23,452 $2,078,024 $1,146,104 $931,920
2018 $23,877 $2,037,283 $1,123,632 $913,651
2016 $13,866 $1,130,388 $588,745 $541,643
2015 $13,710 $1,113,410 $579,902 $533,508
2014 $13,461 $1,091,601 $568,543 $523,058
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Pretam Fuqua

    WeTrust Realty

    (626) 356-8178

    17 Total Sales

    Pretam Fuqua
    Section Image

  • P

    Buyer's Agent in 2016

    PFNon-Member Default

    ITECH MLS

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316001498

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Pasadena 91106 Playhouse Village

59 S Meridith Ave, Pasadena, CA

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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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