NOT LISTED FOR SALE

Estimated Value: $1,472,000 - $2,723,000

8 Beds
8 Baths
7,353 Sq Ft
$285/Sq Ft Est. Value

Last Sold November 13, 2014

Last sale price $2,165,000 $294 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $12,488/month

29 Days on Market

Highlights

  • 0.53 Acre Lot
  • Property is near public transit
  • No HOA
  • Pasadena High School Rated A

About This Home

As of November 2014

Please see Agent's remarks to get full marketing package.

641-651 N Hill Ave is a 7-unit apartment in the City of Pasadena, California. The property is situated on 2 separate lots with 641 N Hill Ave is a 4-unit property and 651 N Hill is a 3-unit property. The 2 properties have a shared parking and has to be purchased together. 641 N Hill Ave was built in 1917 and has an approximately 4,550 square feet living space and is situated on a large 14,591 square feet lot. 651 N Hill Ave was built in 1948 and has an approximately 2,803 square feet living space and is situated on an 8,589 square feet lot size. Both parcels have RM-32 zoning which provides future growth potential. Both properties have separate meter for electricity and gas with laundry facility available on-site.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 09/18/2014

Last Buyer's Agent

Amber Hu

IRN Realty License #01349032

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 0.53 Acre Lot
  • Two or More Common Walls

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • 7,353 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Location

  • Property is near public transit
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5739019015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,000
  • Gardener Expense $600
  • Insurance Expense $1,402
  • Maintenance Expense $2,400
  • Other Expense $1,426
  • Trash Expense $1,044
  • Water Sewer Expense $1,107
  • New Taxes Expense $24,716
  • Gross Income $11,250
  • Net Operating Income $98,430

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1107.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5739019015
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 294.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1044.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 23180.00
  • Lot Size Acres: 0.5320

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 11250.00
  • Gross Scheduled Income: 136440.00
  • Insurance Expense: 1402.00
  • Lot Size Area: 23180.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 98430.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 7
  • Operating Expense: 33917.00
  • Other Expense: 1426.00
  • Other Expense Description: Assesmen
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24716.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2014
Closed on
Nov 3, 2014
Sold by
Hanna Amer
Bought by
Qin Chang Hong and Chang Hong Qin Trust
Seller's Agent
Han Widjaja-Chen
GIG Real Estate Inc.
Buyer's Agent
Amber Hu
IRN Realty
List Price
$2,250,000
Sold Price
$2,165,000
Premium/Discount to List
-$85,000
-3.78%
Current Estimated Value
$2,097,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$67,500
Avg. Annual Appreciation
-0.28%

Purchase Details

Closed on
May 19, 2006
Sold by
Bruen Susan L
Bought by
Hanna Amer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
6.55%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 5, 2006
Sold by
Bruen Susan Lynn
Bought by
Bruen Susan Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
6.55%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 3, 2006
Sold by
Bruen Paul R
Bought by
Bruen Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
6.55%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 14, 2000
Sold by
Tuck Ramona
Bought by
Bruen Susan L

Purchase Details

Closed on
Oct 13, 1999
Sold by
Tuck Ramona
Bought by
Bruen Susan Lynn and The Ramona Tuck Trust
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
Qin Chang Hong $2,165,000 Title 365
Hanna Amer $1,850,000 Fatcola
Bruen Susan Lynn -- First American Title Company
Bruen Susan L -- First American Title Company
Bruen Susan L $138,045 --
Bruen Susan Lynn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hanna Amer $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2014 11/13/14 Sold $2,165,000 -3.8% $294 / Sq Ft
10/17/2014 10/17/14 Pending -- -- --
09/18/2014 09/18/14 For Sale $2,250,000 -- $306 / 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 $18,234 $1,562,397 $937,439 $624,958
2024 $18,234 $1,531,762 $919,058 $612,704
2023 $18,082 $1,501,729 $901,038 $600,691
2022 $17,470 $1,472,284 $883,371 $588,913
2021 $16,758 $1,443,416 $866,050 $577,366
2019 $16,024 $1,400,605 $840,363 $560,242
2018 $16,135 $1,373,143 $823,886 $549,257
2016 $15,606 $1,319,825 $791,895 $527,930
2015 $15,434 $1,300,000 $780,000 $520,000
2014 $14,708 $1,237,417 $1,237,308 $109
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14201380

California Regional Multiple Listing Service (CRMLS)

APN: 5739-019-015