NOT LISTED FOR SALE

629 Prescott St Pasadena, CA 91104

Orange Heights Neighborhood

Estimated Value: $1,543,226

6 Beds
6 Baths
1,764 Sq Ft
$875/Sq Ft Est. Value

Last Sold October 14, 2021

Last sale price $1,235,000 $700 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $9,394/month

81 Days on Market

Highlights

  • Bungalow
  • 1-Story Property
  • 1-minute walk to Washington Park

About This Home

As of October 2021

We are pleased to present for sale this turn-key, fully renovated five unit apartment property on a quiet residential street right around the corner from Washington Park. The front unit has 2 bedrooms and 2 bathrooms with a small porch and fenced in grass front yard and comes with 2 tandem parking spaces. The back four units feature private fenced courtyards that offer some extension of living space and each have their own stack washer and dryer inside. The plumbing, electrical, kitchens, bathrooms, and floors have all been updated making this an excellent investment property that will continually bring strong income and rent easily. Back four units have street parking, but on a mostly SFR street, so has ample amount of street parking.

Last Agent to Sell the Property

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652 Listed on: 06/10/2021

Co-Listed By

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644

Last Buyer's Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,739

Home Design

  • Bungalow

Interior Spaces

  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Additional Features

  • 4,739 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5730-002-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Street Number Display: Yes
  • Lot Acreage: 0.1088
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Laundry: In Unit
  • Total Bathrooms: 6.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 2

Utilities

  • Cooling: Wall/Window
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 144840
  • Assessed Land Percent: 80
  • Assessed Land Value: 579360
  • Total Assessed Value: 724200
  • Assessor Parcel Number: 5730-002-012
  • Lot Size Area: 4739

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.04
  • Number Of Units: 5
  • Type Of Units: 2+2, 1+1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2019
Closed on
May 9, 2019
Sold by
Vazquez Elvia D
Bought by
55 Arlington Llc
Seller's Agent
Cariy Hernandez
Keller Williams Realty
Buyer's Agent
Alexander Metaxas
Realty Investment Advisors, Inc.
List Price
$799,000
Sold Price
$710,000
Premium/Discount to List
-$89,000
-11.14%
Current Estimated Value
$1,543,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$833,226
Avg. Annual Appreciation
12.52%
Original Mortgage
$366,000
Outstanding Balance
$321,125
Interest Rate
4.2%
Mortgage Type
Commercial
Estimated Equity
$1,222,102
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
55 Arlington Llc $710,000 Pacific Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 55 Arlington Llc $366,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/04/2025 02/04/25 Off Market $1,550 -- --
10/15/2024 10/15/24 Price Changed $1,550 +5.1% $6 / Sq Ft
10/09/2024 10/09/24 For Rent $1,475 0.0% --
02/24/2024 02/24/24 Price Changed $1,475 +1.7% $6 / Sq Ft
01/30/2024 01/30/24 Price Changed $1,450 -3.3% $6 / Sq Ft
12/05/2023 12/05/23 Price Changed $1,500 +1.7% $6 / Sq Ft
10/18/2023 10/18/23 Price Changed $1,475 +1.7% $6 / Sq Ft
10/11/2023 10/11/23 Price Changed $1,450 -6.5% $6 / Sq Ft
10/06/2023 10/06/23 For Rent $1,550 0.0% --
10/14/2021 10/14/21 Sold $1,235,000 -4.1% $700 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/02/2021 08/02/21 Price Changed $1,288,000 -7.2% $730 / Sq Ft
06/10/2021 06/10/21 For Sale $1,388,000 +95.5% $787 / Sq Ft
06/06/2019 06/06/19 Sold $710,000 -11.1% $402 / Sq Ft View Prior Sale
04/29/2019 04/29/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $799,000 -- $453 / 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 $15,703 $1,310,591 $779,987 $530,604
2024 $14,978 $1,284,894 $764,694 $520,200
2023 $14,851 $1,259,700 $749,700 $510,000
2022 $14,341 $1,235,000 $735,000 $500,000
2021 $8,653 $731,702 $585,362 $146,340
2019 $1,236 $37,311 $9,645 $27,666
2018 $1,133 $36,580 $9,456 $27,124
2016 $1,057 $35,162 $9,090 $26,072
2015 $1,041 $34,635 $8,954 $25,681
2014 $1,052 $33,957 $8,779 $25,178
Source: Public Records

Agents Affiliated with this Home

  • Alexander Metaxas

    Seller's Agent in 2021

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    1 in this area

    37 Total Sales

    Alexander Metaxas
    Section Image
  • Benjamin Hsiang

    Seller Co-Listing Agent in 2021

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    1 in this area

    74 Total Sales

    Benjamin Hsiang
    Section Image
  • Cariy Hernandez

    Seller's Agent in 2019

    Cariy Hernandez

    Keller Williams Realty

    (626) 862-3591

    83 Total Sales

    Cariy Hernandez
    Section Image
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Map

Source: The MLS

MLS Number: 21-747480

The MLS

APN: 5730-002-012

California Los Angeles County Pasadena 91104 Orange Heights

629 Prescott St, Pasadena, CA

Not Listed for Sale

MultiFamily

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