NOT LISTED FOR SALE

618 S Lake Ave Pasadena, CA 91106

Estimated Value: $2,910,605

4 Beds
4 Baths
-- Sq Ft
0.25 Acres

Last Sold April 23, 2021

Last sale price $1,950,000

Est. 49% increase in value since last sale

Current estimated payment $17,350/month

30 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Chain Link Fence
  • Heating System Uses Natural Gas

About This Home

As of April 2021

Fantastic location just south of Colorado. Walkability score of 91. This is a great investment opportunity and easy access to shopping and restaurants.

Last Agent to Sell the Property

David Brock

Beven & Brock Property Management Company, Inc License #00644454 Listed on: 02/24/2021

Last Buyer's Agent

Constandinos Vagenas

Goldstone Group License #01947555

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 0.25 Acre Lot
  • No Common Walls
  • Chain Link Fence
  • No Sprinklers

Parking

  • 5 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Two Garage Doors
  • Parking Lot
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Raised Foundation
  • Stucco

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 5327020012

Community Details

Overview

  • 2 Buildings

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,593
  • Professional Management Expense $5,419
  • Trash Expense $4,056
  • Water Sewer Expense $4,056
  • New Taxes Expense $23,125
  • Operating Expense $46,142
  • Gross Income $115,560
  • Net Operating Income $69,148

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Professional Management Expense: 5419.00
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 4056.00
  • Zoning: RM-32
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5327020012
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: No
  • Levels: Two

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No
  • Construction Materials: Brick, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage - Single Door, Garage - Two Door, Parking Space
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas
  • Sewer: Public Sewer
  • Trash Expense: 4056.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size: 65 by 165
  • Lot Size Sq Ft: 10736.00
  • Lot Size Acres: 0.2500

Multi Family

  • Average1 Bed Area: 600
  • Average Studio Area: 425
  • Gross Income: 115560.00
  • Gross Scheduled Income: 115560.00
  • Insurance Expense: 1593.00
  • Lot Size Area: 10736.0000 Square Feet
  • Net Operating Income: 69148.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Operating Expense: 46142.00
  • Rent Control: Yes
  • Total Expenses: 46142.00

Tax Info

  • New Taxes Expense: 23125.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2025
Sold by
Bicos Lp and Bicos Living Trust
Bought by
Aipo Assets Management Llc
Current Estimated Value
$2,910,605

Purchase Details

Closed on
Oct 30, 2024
Sold by
Bicos John and Bicos Meghan Alisse
Bought by
Bicos Family Revocable Trust and Bicos

Purchase Details

Closed on
Nov 4, 1996
Sold by
Cooper Madison Charles
Bought by
Cooper Madison Charles and Cooper Edith Elizabeth

Purchase Details

Closed on
Nov 1, 1996
Sold by
Charlotte S Cooper Trust and Madison Charles
Bought by
Cooper Madison Charles
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
Aipo Assets Management Llc $2,899,000 Fidelity National Title
Bicos Family Revocable Trust -- None Listed On Document
Bicos John -- None Listed On Document
Cooper Madison Charles -- --
Cooper Madison Charles -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2021 04/23/21 Sold $1,950,000 0.0% --
02/24/2021 02/24/21 For Sale $1,950,000 -- --
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 $25,740 $2,110,741 $1,082,432 $1,028,309
2024 $25,740 $2,069,355 $1,061,208 $1,008,147
2023 $25,537 $2,028,780 $1,040,400 $988,380
2022 $24,712 $1,989,000 $1,020,000 $969,000
2021 $4,555 $148,300 $83,779 $64,521
2020 $4,480 $146,780 $82,920 $63,860
2019 $4,475 $143,903 $81,295 $62,608
2018 $4,299 $141,082 $79,701 $61,381
2016 $4,037 $135,606 $76,607 $58,999
2015 $4,002 $133,570 $75,457 $58,113
2014 $3,978 $130,954 $73,979 $56,975
Source: Public Records

Agents Affiliated with this Home

  • David Brock

    Seller's Agent in 2021

    David Brock

    Beven & Brock Property Management Company, Inc

    (626) 390-3099

    1 in this area

    24 Total Sales

    David Brock
    Section Image

  • C

    Buyer's Agent in 2021

    Constandinos Vagenas

    Goldstone Group

    (310) 564-6944

    2 in this area

    19 Total Sales

    Constandinos Vagenas
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-3472

Pasadena-Foothills Association of REALTORS®

APN: 5327-020-012

California Los Angeles County Pasadena 91106

618 S Lake Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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