NOT LISTED FOR SALE

633 Park Ave South Pasadena, CA 91030

6 Beds
5 Baths
3,805 Sq Ft
8,251 Sq Ft Lot

Last Sold June 07, 2024

Last sale price $1,895,000 $498 Per Sq Ft

84 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Marengo Elementary Rated A+
  • Private Yard
  • 4-minute walk to Garfield Park

About This Home

As of June 2024

633 Park, constructed in the 1940's, features wonderful architectural detail that is often not seen in apartment construction. Some of the units have elaborate wood cathedral ceilings, scalloped custom wood detail with cabinetry and doors, and built in bunk beds. See pictures. This property is located in an excellent rental area close to Garfield Park and Bristol Farms.There are four one BR apartments on first floor, and the rear upstairs unit is a 2 bedroom plus den/office Each unit has a private garage located on the alley at the rear of the property. The gross sch. Inc is 133,083, with cap of 4.1 and GRM of 14.9.

Last Agent to Sell the Property

David Brock

Beven & Brock Property Management Company, Inc Brokerage Email: dave@bevenandbrock.com License #00644454 Listed on: 02/12/2024

Last Buyer's Agent

Robert Chevalier

Keller Williams Central License #01975941

Keller Williams Central

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 8,251 Sq Ft Lot
  • Two or More Common Walls
  • East Facing Home
  • Landscaped
  • Front Yard Sprinklers
  • Private Yard
  • Lawn

Parking

  • 5 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Traditional Architecture
  • Property Attached
  • Raised Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,805 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

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

Additional Features

  • Accessible Parking
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 480
  • Assessor Parcel Number 5318005023

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,632
  • Insurance Expense $1,662
  • Maintenance Expense $3,600
  • Other Expense $900
  • Pest Control $900
  • Professional Management Expense $6,654
  • Trash Expense $2,856
  • Water Sewer Expense $3,761
  • New Taxes Expense $28,125
  • Operating Expense $52,270
  • Gross Income $124,458
  • Net Operating Income $88,298

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 3.90
  • Improvements Percent: 51.00
  • Professional Management Expense: 6654.00
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 3761.00
  • Zoning: SPR310000
  • Architectural Style: Traditional
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1632.00
  • Parcel Number: 5318005023
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Accessibility Features: Parking
  • Appliances: No
  • Price Per Square Foot: 521.68

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Asphalt, Garage - Single Door
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Natural Gas Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Community
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 2856.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value Percent: 49.00
  • Lot Features: Lawn, Sprinklers In Front, Sprinkler System, Yard, Landscaped
  • Lot Size Sq Ft: 8251.00
  • Lot Size Acres: 0.1894

Multi Family

  • Gross Income: 124458.00
  • Gross Multiplier: 16.90
  • Gross Scheduled Income: 133076.00
  • Insurance Expense: 1662.00
  • Lot Size Area: 8251.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 88298.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 44778.00
  • Other Expense: 900.00
  • Other Expense Description: Janitorial
  • Rent Control: Yes
  • Total Actual Rent: 133092.00
  • Total Expenses: 52270.00

Tax Info

  • New Taxes Expense: 28125.00
  • Tax Lot: 21
  • Tax Tract: 12633
  • Tax Tract Number: 480...
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2024 06/07/24 Sold $1,895,000 -4.5% $498 / Sq Ft
04/30/2024 04/30/24 Price Changed $1,985,000 -11.8% $522 / Sq Ft
02/12/2024 02/12/24 For Sale $2,250,000 -- $591 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $3,894 $1,968,600 $1,020,000 $948,600
2024 $3,894 $144,632 $71,353 $73,279
2023 $3,838 $141,797 $69,954 $71,843
2022 $3,777 $139,018 $68,583 $70,435
2021 $3,700 $136,293 $67,239 $69,054
2020 $3,658 $134,896 $66,550 $68,346
2019 $3,612 $132,252 $65,246 $67,006
2018 $3,443 $129,660 $63,967 $65,693
2016 $3,193 $124,627 $61,484 $63,143
2015 $3,142 $122,756 $60,561 $62,195
2014 $3,150 $120,352 $59,375 $60,977
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-16479

Pasadena-Foothills Association of REALTORS®