NOT LISTED FOR SALE

Estimated Value: $1,261,000 - $1,626,000

4 Beds
4 Baths
2,784 Sq Ft
$549/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $1,260,000 $453 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $9,767/month

26 Days on Market

Highlights

  • No Units Above
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Pasadena High School Rated A
  • No HOA
  • Laundry Room

About This Home

As of January 2021

Mid-Century Cottage Fourplex. Don’t miss a wonderful opportunity to own a great bread-and-butter income property in central Pasadena. Only the third time on the market, this cottage fourplex is loaded with vintage charm. Comprising two similar and separate buildings, the four near-identical 1 BR and 1BA units are almost 700sf each. Additionally, there is a four-car carport at the rear of the property. All units are bright, featuring lots of windows, hardwood floors, renovated bathrooms, lots of storage, finished doors and woodwork throughout, laundry area inside each of the units and three units have tank-less water heaters. The buildings have been updated with copper plumbing and the entire exterior of the property and unit 634 was recently painted. Tenants pay their own utilities (gas, electric, trash) and the owner just pays for water. Opportunity knocks!

Last Agent to Sell the Property

Enrique Liza

COMPASS License #00691382 Listed on: 11/06/2020

COMPASS

Last Buyer's Agent

Deena Willis

License #01354143

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,673

Year Built

  • Built in 1949

Lot Details

  • 8,058 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Rectangular Lot
  • Level Lot
  • Front Yard

Home Design

  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,784 Sq Ft Home
  • 1-Story Property
  • Center Hall

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Driveway Level
  • Community Parking Structure

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Overhead Utilities
  • Tankless Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 37
  • Tax Tract Number 4026
  • Assessor Parcel Number 5739006016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,124
  • Water Sewer Expense $1,200
  • New Taxes Expense $15,625
  • Operating Expense $20,149
  • Gross Income $69,660
  • Net Operating Income $47,421

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,673

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 3.79
  • Inclusions: stoves / refrigerators / some washers / dryers
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: PSR3
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5739006016
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 452.59
  • Room Type: All Bedrooms Down, Center Hall

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Community Structure, Covered, Driveway Level
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Refrigerator, Tankless Water Heater
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: In Kitchen, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Rectangular Lot, Level, Utilities - Overhead
  • Lot Size Sq Ft: 8058.00
  • Lot Size Acres: 0.1850

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 696 Square Feet
  • Gross Income: 69660.00
  • Gross Multiplier: 17.94
  • Gross Operating Income: 67570.00
  • Gross Scheduled Income: 69660.00
  • Insurance Expense: 2124.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8058.0000 Square Feet
  • Net Operating Income: 47421.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number Wall A C: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 20149.00
  • Rent Control: Yes
  • Total Actual Rent: 4055.00
  • Total Expenses: 20149.00
  • Vacancy Allowance: 2089
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15625.00
  • Tax Census Tract: 4623.01
  • Tax Lot: 37
  • Tax Tract Number: 4026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
Dec 2, 2020
Sold by
Hays Todd A and The Todd A Hays Living Trust
Bought by
Truong Tuan N
Seller's Agent
Enrique Liza
COMPASS
Buyer's Agent
Deena Willis
List Price
$1,250,000
Sold Price
$1,260,000
Premium/Discount to List
$10,000
0.8%
Current Estimated Value
$1,527,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,471
Avg. Annual Appreciation
4.84%
Original Mortgage
$260,000
Outstanding Balance
$234,166
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$1,324,369

Purchase Details

Closed on
Apr 14, 2008
Sold by
Hays Todd A
Bought by
Hays Todd A and Todd A Hays Living Trust

Purchase Details

Closed on
Feb 16, 2001
Sold by
Browning Charles L and Browning Family Trust
Bought by
Hays Todd A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 7, 2000
Sold by
Browning Charles L and Browning Vivian R
Bought by
Browning Charles L and Browning Vivian R
Source: Public Records

Range of Values:

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Average Value
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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
Truong Tuan N $1,260,000 Lawyers Title
Hays Todd A -- None Available
Hays Todd A $305,000 Commonwealth Title
Browning Charles L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Truong Tuan N $260,000
Previous Owner Hays Todd A $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $1,260,000 +0.8% $453 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
11/06/2020 11/06/20 For Sale $1,250,000 -- $449 / 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
2024 $15,673 $1,337,122 $806,518 $530,604
2023 $15,541 $1,310,904 $790,704 $520,200
2022 $15,010 $1,285,200 $775,200 $510,000
2021 $5,494 $424,567 $169,825 $254,742
2020 $5,299 $420,214 $168,084 $252,130
2019 $5,306 $411,976 $164,789 $247,187
2018 $5,302 $403,899 $161,558 $242,341
2016 $5,099 $388,218 $155,286 $232,932
2015 $5,041 $382,388 $152,954 $229,434
2014 $4,967 $374,898 $149,958 $224,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF20228801

California Regional Multiple Listing Service (CRMLS)

APN: 5739-006-016