NOT LISTED FOR SALE

Estimated Value: $1,973,011

8 Beds
4 Baths
3,584 Sq Ft
$551/Sq Ft Est. Value

Sale Details

Date Sold: November 28, 2023

Last sale price $1,801,240 $503 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $12,651 / mo

66 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Living Room
  • Marengo Elementary Rated A+
  • Balcony
  • 5-minute walk to Garfield Park

About This Home

As of November 2023

This 4 unit building is a one - two level wood frame & stucco with brick exterior.All units are 2 bdrms each unit. The 2 -west units are upgraded, newer laminate flooring, kitchens, appliances, 2- tankless water heaters, updated baths & paint.The East 2 - units are in beautiful original well maintained condition.Nice layout, good size living rooms, with corner windows, kitchens with breakfast areas good window coverage light filled units. All units have a 2nd entry / exit door to outside. Some garden planting area for tenants. Property includes 4 detached - 1 car garages with 1 car doors off alley.Superior location offering tenants access to: Twoheys newley opend eatery, & Starbucks, plaza shopping, Fair oaks Resturants, Bristol Farms Grocery, 110 Frwy access minutes away. Garfield Park, So. Pasadena Farmers market Thursday night.The building has periodic maintenance and upgrading reflecting better that average condition. Upstairs unit has east facing balcony. trust sale sold in its present disclosed as -is condition.

Last Agent to Sell the Property

Eddie Kanouse

Coldwell Banker Realty License #00939285 Listed on: 09/24/2023

Coldwell Banker Realty

Last Buyer's Agent

Sam Fong

Nai Capital License #01966967

Nai Capital
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 8,593 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Corner Lot
  • No Sprinklers

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door
  • On-Street Parking

Home Design

  • Traditional Architecture
  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,584 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Gas Oven

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Tankless Water Heater
  • Septic Type Unknown
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Balcony

Listing and Financial Details

  • Tenant pays for cable TV, gas, electricity
  • Legal Lot and Block 24 / 4806
  • Tax Tract Number 12633
  • Assessor Parcel Number 5318005026

Community Details

Recreation

  • Park

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $2,618
  • Trash Expense $1,656
  • Water Sewer Expense $2,670
  • Operating Expense $9,146
  • Gross Income $84,000
  • Net Operating Income $72,334

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

8,593 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 3.04
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 2670.00
  • Zoning: SPR3100000
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 5318005026
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Laminate
  • Accessibility Features: Parking, See Remarks
  • Appliances: Yes
  • Levels: One, Two
  • Price Per Square Foot: 502.58
  • Room Type: Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Tankless Water Heater
  • Heating Type: Floor Furnace
  • Laundry Features: Community, Outside, Individual Room
  • Sewer: Unknown
  • Trash Expense: 1656.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot, Sprinklers None
  • Lot Size Sq Ft: 8593.00
  • Lot Size Acres: 0.1973

Rental Info

  • Tenant Pays: Cable TV, Gas, Electricity

Multi Family

  • Average2 Bed Area: 825 Square Feet
  • Gross Income: 84000.00
  • Gross Multiplier: 22.38
  • Gross Operating Income: 81480.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 2618.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8593.0000 Square Feet
  • Net Operating Income: 72334.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 3
  • Operating Expense: 9146.00
  • Operating Expense Percent: 30.00
  • Other Expense Description: laundry gas meter 264 yr. elect 240 yr
  • Other Income Description: laundry may be leased, waiting on paperwork
  • Rent Control: Yes
  • Total Expenses: 9146.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 4806
  • Tax Lot: 24
  • Tax Tract: 12633
  • Tax Tract Number: 12633

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2023
Closed on
Nov 16, 2023
Sold by
Bought by
Seller's Agent
Eddie Kanouse
Coldwell Banker Realty
Buyer's Agent
Sam Fong
Nai Capital
List Price
$1,880,000
Sold Price
$1,801,240
Premium/Discount to List
-$78,760
-4.19%
Views
96
Current Estimated Value
$1,973,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,771
Avg. Annual Appreciation
3.46%

Purchase Details

Closed on
Dec 11, 2013
Sold by
Bought by

Purchase Details

Closed on
May 9, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 7, 2011
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,801,500 Equity Title
-- None Available
-- None Available
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/28/2023 11/28/23 Sold $1,801,240 -4.2% $503 / Sq Ft
09/23/2023 09/23/23 For Sale $1,880,000 -- $525 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $21,923 $1,837,264 $816,000 $1,021,264
2024 $22,527 $1,801,240 $800,000 $1,001,240
2023 $3,315 $145,804 $76,083 $69,721
2022 $3,254 $142,946 $74,592 $68,354
2021 $3,099 $140,144 $73,130 $67,014
2019 $3,013 $136,269 $70,962 $65,307
2018 $2,864 $133,603 $69,571 $64,032
2016 $2,667 $128,147 $66,870 $61,277
2015 $2,621 $126,223 $65,866 $60,357
2014 $2,624 $123,751 $64,576 $59,175
Source: Public Records

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-15167

Pasadena-Foothills Association of REALTORS®

APN: 5318-005-026

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