$975,000
SOLD AUG 29, 2016

608 Fremont Ave South Pasadena, CA 91030

4 Beds
3 Baths
2,281 Sq Ft
8,282 Sq Ft Lot

Recently Sold

$427 Per Sq Ft

19% Below List Price

90 Days on Market

Highlights

  • No Units Above
  • Arroyo Vista Elementary Rated A+
  • Rectangular Lot

About This Home

As of August 2016

!!! Act Fast !!! Run don't walk to this fantastic investment opportunity in South Pasadena !!! Rarely available and highly desireable Single Level Tri plex opportunity. Huge flat lot with Tons of potential
Located in a prime very walkable area of South Pasadena near the library and Mission District with its restaurants, shopping and businesses, it offers the South Pasadena lifestyle along with its award-winning schools. If you want to Invest in the path of growth - THIS is IT!! ~ walk or bike to the Gold Line, Trader Joe’s, and many restaurants and coffee shops this and all the best that South Pasadena has to offer will be at the fingertips of and owner user or happy tenants. All 3 units are single level mid century construction with charming hardwood floors and a 4 car detached garage.
Unit 1 - Is a 1 bed 1 bath with a 1 car detached garage
Unit 2 - Is a 1 bed 1 bath with a 1 car detached garage
Unit 3 - Is a 2 bed 1 bath with a 2 car detached garage
Big upside in rents in this highly desirable and sought after South Pasadena Market!
~ Seller has Priced this property to sell ~ Buildings with this location don't come up often and especially at such a great price - Submit your offer today!

Last Agent to Sell the Property

STEPHEN SCHENKENBERGER

First Team Real Estate License #01424748 Listed on: 05/14/2016

Last Buyer's Agent

Maria Garcia

Re/Max College Park Realty License #01108436

Re/Max College Park Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,173

Year Built

  • Built in 1950

Lot Details

  • 8,282 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • 2,281 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 50
  • Assessor Parcel Number 5315001036

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $150
  • New Taxes Expense $1,200
  • Gross Income $3,600
  • Net Operating Income $36,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,173

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5315001036
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 427.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gutters, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Level, Rectangular Lot, Lot 6500-9999, Level with Street
  • Lot Size Sq Ft: 8282.00
  • Price Per Lot Square Foot: 117.73

Multi Family

  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 150.00
  • Net Operating Income: 36200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 3600.00

Tax Info

  • New Taxes Expense: 1200.00
  • Tax Lot: 3
  • Tax Tract Number: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2019
Sold by
Patricio Jayson S and Patricio Czarina C
Bought by
Cacho Patricio Jayson Serapio and Cacho Patricio Czarina
Current Estimated Value
$1,684,705

Purchase Details

Listed on
Jun 5, 2016
Closed on
Jul 19, 2016
Sold by
Vanhuynh Qui
Bought by
Patricio Jayson S and Patricio Czarina C
Seller's Agent
STEPHEN SCHENKENBERGER
First Team Real Estate
Buyer's Agent
Maria Garcia
Re/Max College Park Realty
List Price
$1,098,000
Sold Price
$975,000
Premium/Discount to List
-$123,000
-11.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$713,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 1996
Sold by
Huynh Emmanuelle
Bought by
Vanvanhuynh Qui Van and Huynh Emmanuelle

Purchase Details

Closed on
Apr 14, 1995
Sold by
Huynh Emmanuelle
Bought by
Huynh Emmanuelle
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $975,000 Western Resources Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $642,000 New Conventional
Closed $713,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2016 08/29/16 Sold $975,000 0.0% $427 / Sq Ft
08/29/2016 08/29/16 Sold $975,000 -11.2% $427 / Sq Ft
08/24/2016 08/24/16 Pending -- -- --
06/05/2016 06/05/16 For Sale $1,098,000 -8.5% $481 / Sq Ft
05/14/2016 05/14/16 For Sale $1,200,000 -- $526 / 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 $14,173 $1,131,565 $789,195 $342,370
2024 $14,173 $1,109,378 $773,721 $335,657
2023 $13,877 $1,087,626 $758,550 $329,076
2022 $13,559 $1,066,301 $743,677 $322,624
2021 $13,318 $1,045,395 $729,096 $316,299
2020 $13,132 $1,034,677 $721,621 $313,056
2019 $12,932 $1,014,390 $707,472 $306,918
2018 $12,547 $994,500 $693,600 $300,900
2016 $3,763 $241,196 $212,830 $28,366
2015 $3,702 $237,574 $209,634 $27,940
2014 $3,680 $232,921 $205,528 $27,393
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG16103396

California Regional Multiple Listing Service (CRMLS)

APN: 5315-001-036