NOT LISTED FOR SALE

621 E Orange Grove Blvd Pasadena, CA 91104

Orange Heights Neighborhood

Estimated Value: $1,128,000 - $1,437,008

5 Beds
2 Baths
1,860 Sq Ft
$675/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $880,000 $473 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $7,468/month

107 Days on Market

Highlights

  • RV Access or Parking
  • Cooling System Mounted To A Wall/Window
  • 2 Car Garage
  • No HOA
  • Laundry Room

About This Home

As of August 2020

PRICE REDUCTION!!!!
This remodeled duplex in the beautiful city of Pasadena features a main house with 3 bedrooms 1 bath and second back house with 2 bedrooms 1 bath, for a total of 1,860 sqft on a large 7,405 sqft lot.
The main house features front and rear yards with a detached garage; a beautiful open and spacious living room and newer kitchen with lots of cabinet/counter space overlooking dining room, indoor laundry area, Central air conditioning and heat. The rear house features a detached garage, an open living area, kitchen, newer cabinetry, and eating area. See photos and virtual tour attached to this listing for complete view of both homes' beauty.
Don't miss out on this rare opportunity - Duplex has two mailing addresses: front unit is 621 and the back unit address is 623. Each unit has individual electricity and natural gas meters.
This duplex sits on a large lot and it is ready for the homeowner looking for the perfect home with the optional added benefit of additional great rental income in a highly stable and appreciating area with low operating expense and high net rents. Both units currently leased out to stable tenants. Front house currently rented at $2,500 monthly and back house rented at $2,100 monthly. Low operating cost resulting in high net income.

Last Agent to Sell the Property

Jitendera Kandola

Omni Realty License #01895861 Listed on: 03/11/2020

Last Buyer's Agent

Carla Buigues

The Agency License #01160323

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,508 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Driveway
  • Parking Lot
  • RV Access or Parking

Home Design

  • 1,860 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, telephone, trash collection
  • Tax Lot A
  • Tax Tract Number 55
  • Assessor Parcel Number 5731008008

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $840
  • Maintenance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $5,570
  • Operating Expense $10,610
  • Gross Income $55,200
  • Net Operating Income $45,156

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: PSR6
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5731008008
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 473.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage Faces Front, Garage - Two Door, Garage Door Opener, Parking Space, RV Access/Parking
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7508.00
  • Lot Size Acres: 0.1724

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Telephone, Trash Collection

Multi Family

  • Gross Income: 55200.00
  • Gross Scheduled Income: 4600.00
  • Insurance Expense: 840.00
  • Lot Size Area: 7508.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 45156.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 837.00
  • Rent Control: No
  • Total Expenses: 10610.00

Tax Info

  • New Taxes Expense: 5570.00
  • Tax Census Tract: 4621.00
  • Tax Lot: A
  • Tax Tract Number: 55-075

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2020
Closed on
Jul 25, 2020
Sold by
Alarcon Omar and Marcon Melissa S
Bought by
Caro Carolina
Seller's Agent
Jitendera Kandola
Omni Realty
Buyer's Agent
Carla Buigues
The Agency
List Price
$899,900
Sold Price
$880,000
Premium/Discount to List
-$19,900
-2.21%
Current Estimated Value
$1,254,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$374,752
Avg. Annual Appreciation
6.88%
Original Mortgage
$920,200
Outstanding Balance
$814,760
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$439,992

Purchase Details

Closed on
Apr 26, 2013
Sold by
Alarcon Omar and Alarcon Melissa L
Bought by
Alarcon Omar and Alarcon Melissa S

Purchase Details

Closed on
Aug 24, 2012
Sold by
Alarcon Omar and Alarcon Melissa S
Bought by
Alarcon Omar and Alarcon Melissa S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2008
Sold by
Alarcon Omar and Alarcon Miriam
Bought by
Alarcon Omar and Alarcon Melissa S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2003
Sold by
Alarcon Omar
Bought by
Alarcon Omar and Alarcon Miriam
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Caro Carolina $880,000 None Available
Alarcon Omar -- Accommodation
Alarcon Omar -- Lawyers Title
Alarcon Omar -- United Title Company
Alarcon Omar -- Chicago Title Co
Alarcon Omar -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caro Carolina $920,200
Previous Owner Alarcon Omar $317,000
Previous Owner Alarcon Omar $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2020 08/31/20 Sold $880,000 0.0% $473 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
06/02/2020 06/02/20 Price Changed $880,000 -2.2% $473 / Sq Ft
03/11/2020 03/11/20 For Sale $899,900 -- $484 / 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 $10,730 $952,538 $649,458 $303,080
2024 $10,730 $933,862 $636,724 $297,138
2023 $10,638 $915,552 $624,240 $291,312
2022 $10,269 $897,600 $612,000 $285,600
2021 $9,849 $880,000 $600,000 $280,000
2020 $5,174 $449,161 $255,314 $193,847
2019 $5,186 $440,355 $250,308 $190,047
2018 $5,228 $431,721 $245,400 $186,321
2016 $5,044 $414,959 $235,872 $179,087
2015 $4,988 $408,726 $232,329 $176,397
2014 $4,896 $400,720 $227,778 $172,942
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jitendera Kandola

    Omni Realty

    Section Image

  • C

    Buyer's Agent in 2020

    Carla Buigues

    The Agency

    (626) 664-4444

    17 Total Sales

    Carla Buigues
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20054414

California Regional Multiple Listing Service (CRMLS)

APN: 5731-008-008

California Los Angeles County Pasadena 91101 Orange Heights

621 E Orange Grove Blvd, Pasadena, CA

Not Listed for Sale

MultiFamily

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