NOT LISTED FOR SALE

Estimated Value: $1,600,000 - $2,356,000

8 Beds
7 Baths
4,059 Sq Ft
$492/Sq Ft Est. Value

Last Sold March 15, 2021

Last sale price $1,585,000 $390 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $12,094/month

27 Days on Market

Highlights

  • Air Conditioning
  • Pasadena High School Rated A
  • 6 Car Garage

About This Home

As of March 2021

We are pleased to present the opportunity to acquire a triplex located in the city of Pasadena. 625 N Wilson Ave sits on a 8,442square foot lot with 4,059 square feet of rentable space and is comprised of two separate structures. The structure in the front is a 1,104 square foot, 3 Bed/2 Bath single family residence, which was built in 1932 and remodeled in 2003. The structure in the rear is a duplex, which was built in 2003, and is comprised of a 1,391 square foot 3Bed/2.5 Bath unit and a 943 square foot 2 Bed/2 Bath unit. The property features a shared courtyard as well as three (3) two-car private garages and unassigned driveway parking spaces. All units have washer and dryer hookups inside.

Last Agent to Sell the Property

Sevak Keshishian

Marcus & Millichap License #01887505 Listed on: 02/02/2021

Last Buyer's Agent

Katie Yau

Pinnacle Real Estate Group License #01824795

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,564

Year Built

  • Built in 2003

Lot Details

  • 8,442

Parking

  • 6 Car Garage
  • Driveway

Interior Spaces

  • 4,059 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer Hookup

Additional Features

  • 8,442 Sq Ft Lot
  • Air Conditioning

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 5732-011-036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,564

Year Built

Built in 2003

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4059
  • Lot Acreage: 0.1938
  • Stories: 2
  • Year Built: 2003
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: In Unit
  • Total Bathrooms: 7.00
  • Equipment: Stackable W/D Hookup
  • Price Per S Q F T: 394.19

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Garage Spaces: 6
  • Garage Structures: 3
  • Parking Garage: Driveway, Private Garage, Garage - 2 Car
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning

Lot Info

  • Assessed Improvement Percent: 55.73
  • Assessed Improvement Value: 245115
  • Assessed Land Percent: 44.27
  • Assessed Land Value: 194746
  • Total Assessed Value: 439861
  • Assessor Parcel Number: 5732-011-036
  • Lot Size Area: 8442

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.61
  • Number Of Units: 3
  • Total Annual Expense: 23369
  • Type Of Units: Standard
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2001
Sold by
Manookian Sargis and Manookian Victoria
Bought by
Manookian Victoria and Manookian Sargis
Current Estimated Value
$1,995,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Outstanding Balance
$60,607
Interest Rate
7.14%
Estimated Equity
$1,934,584

Purchase Details

Closed on
Aug 23, 2000
Sold by
First Federal Bank Of California
Bought by
Manookian Sargis and Manookian Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
8.69%

Purchase Details

Closed on
May 1, 2000
Sold by
Apontti Leonard F and Apontti Vely C
Bought by
First Federal Bank Of California
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 Buyer Sale Price Title Company
Manookian Victoria -- American Coast Title
Manookian Sargis $205,000 Stewart Title
First Federal Bank Of California $205,000 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manookian Victoria $161,000
Previous Owner Manookian Sargis $153,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2021 03/15/21 Sold $1,585,000 -0.9% $390 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/02/2021 02/02/21 For Sale $1,600,000 -- $394 / Sq Ft
Source: The MLS

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 $19,564 $1,715,653 $941,715 $773,938
2024 $19,564 $1,682,013 $923,250 $758,763
2023 $19,401 $1,649,034 $905,148 $743,886
2022 $18,735 $1,616,700 $887,400 $729,300
2021 $6,098 $471,616 $208,805 $262,811
2020 $5,881 $466,781 $206,664 $260,117
2019 $5,889 $457,629 $202,612 $255,017
2018 $5,878 $448,657 $198,640 $250,017
2016 $5,642 $431,237 $190,928 $240,309
2015 $5,578 $424,761 $188,061 $236,700
2014 $5,493 $416,442 $184,378 $232,064
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-688682

The MLS

APN: 5732-011-036