NOT LISTED FOR SALE

607 Mound Ave South Pasadena, CA 91030

3 Beds
2 Baths
6,324 Sq Ft
10,493 Sq Ft Lot

Last Sold May 10, 2012

Last sale price $1,888,889 $299 Per Sq Ft

109 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Wall Furnace
  • Arroyo Vista Elementary Rated A+

About This Home

As of May 2012

607 Mound Ave is a 10-unit non-rent control apartment in the highly sought after City of South Pasadena with with close proximity to Mission St. Downtown District and adjacent to Fair Oaks Avenue retail corridor. The property is located adjacent to the corner lot on Mound Ave and Grevelia St., across the street from a local shopping center that hosts numerous retail stores. Fair Oaks Ave is a block away on the East and Fremont Ave is a block away on the West, with Mission Street within walking distance on the South.

The property was built in 1958, consists an excellent unit mix of Two (2) 2bedroom+1bathroom units, and Eight (8) 1bedroom+1bathroom units. The average unit size for the 2bedroom unit is 762 square feet and 600 square feet for 1bedroom unit. Each unit has an assigned parking space. Eight units have private patios with average size of 200 square feet. Five units on second floor have charming wood beamed ceiling, and hardwood floor under the carpet.

The property offers excellent access to downtown Los Angeles via 110 Freeway and within walking distance to Metro Link Rail Station, Mission Street Downtown District, restaurants, shopping, city hall and all Amenities City of South Pasadena has to offer.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 12/15/2011

Last Buyer's Agent

Steven Weinberg

Citadel Ventures, Inc. License #00857322

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 10,493

Home Design

  • 6,324 Sq Ft Home
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 10 Parking Spaces
  • 10 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Laundry Room
  • 10,493 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 47
  • Tax Tract Number 45250
  • Assessor Parcel Number 5315001047

Community Details

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $11,310
  • Net Operating Income $92,502

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 190000
  • Property Type: Residential Income
  • Parcel Number: 5315001047
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 298.69

Exterior Features

  • Pool Private: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 10493.00
  • Lot Size Acres: 0.2400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 11310.00
  • Gross Scheduled Income: 135720.00
  • Lot Size Area: 10493.0000 Square Feet
  • Net Operating Income: 92502.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Number Wall A C: 10
  • Number With Carpet: 10
  • Number With Patio: 8
  • Number With Range: 10
  • Number With Refrigerator: 10
  • Operating Expense: 39147.00
  • Rent Control: No
  • Total Actual Rent: 11110.00
  • Vacancy Allowance: 4072
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 47
  • Tax Tract Number: 45250
  • Tax Year: 2011

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2012 05/10/12 Sold $1,888,889 -0.6% $299 / Sq Ft
04/02/2012 04/02/12 Pending -- -- --
12/15/2011 12/15/11 For Sale $1,900,000 -- $300 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A11160754

California Regional Multiple Listing Service (CRMLS)