NOT LISTED FOR SALE

Pasadena, CA 91106

Madison Heights Neighborhood

Estimated Value: $1,765,000 - $2,878,252

4 Beds
4 Baths
2,829 Sq Ft
$790/Sq Ft Est. Value

Last Sold August 16, 2012

Last sale price $1,125,000 $398 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $13,657/month

64 Days on Market

Highlights

  • Built in 1923 | Newly Remodeled
  • Main Floor Bedroom
  • Cottage

About This Home

As of August 2012

This fourplex is the quintessential Pasadena income property. Janes Cottage in style, the property consists of four one bedroom, one bath units in a configuration of two duplexes. The level lot with mature trees is charming and located in the desirable South Lake Avenue area of Pasadena close to shopping and transportation. Each charming single level cottage features a living room, dining room or dining area, bath and bedroom, although no two are alike. Currently fully occupied with month to month tenants, the complex provides an investment opportunity in a premier location. Drive by only; inspection upon acceptance of offer.

Last Agent to Sell the Property

Catherine Cheney

Coldwell Banker Realty License #01173415 Listed on: 05/23/2012

Coldwell Banker Realty

Last Buyer's Agent

Tina Glandian

G & G Realtors License #01862925

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923 | Newly Remodeled

Lot Details

  • 9,631 Sq Ft Lot

Home Design

  • Cottage
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Raised Foundation
  • Stucco

Interior Spaces

  • Main Floor Bedroom
  • Living Room with Fireplace
  • Leased Washer and Dryer

Parking

  • Parking Available
  • Paved Parking
  • Parking Lot

Community Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $36,673

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5721027024

Property Details

Home Type

Multi-Family

Year Built

Built in 1923 | Newly Remodeled

Lot Details

0

Listing Details

  • Architectural Style: Cottage
  • New Construction: Yes
  • Property Condition: Repairs Cosmetic, Repairs Major
  • Property Type: Residential Income
  • Parcel Number: 5721027024
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Features: Living Room
  • Room Type: Living Room, Main Floor Bedroom

Exterior Features

  • Foundation: Raised
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space, Concrete

Green Features

  • Green Location: Transportation, Walkability

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9631.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 52509.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 36673.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Operating Expense: 15536.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2012
Closed on
Jul 6, 2012
Sold by
Arora Shirley L and The Arora Trust
Bought by
Mark & Brians Fine Arts Building Llc
Seller's Agent
Catherine Cheney
Coldwell Banker Realty
Buyer's Agent
Tina Glandian
G & G Realtors
List Price
$1,125,000
Sold Price
$1,125,000
Current Estimated Value
$2,279,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,154,233
Avg. Annual Appreciation
5.27%
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
Mark & Brians Fine Arts Building Llc $1,125,000 First American Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2012 08/16/12 Sold $1,125,000 0.0% $398 / Sq Ft
07/26/2012 07/26/12 Pending -- -- --
05/23/2012 05/23/12 For Sale $1,125,000 -- $398 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $20,585 $1,731,889 $1,298,917 $432,972
2024 $19,630 $1,697,932 $1,273,449 $424,483
2023 $19,466 $1,664,640 $1,248,480 $416,160
2022 $18,794 $1,632,000 $1,224,000 $408,000
2021 $14,615 $1,279,848 $961,310 $318,538
2020 $14,037 $1,266,725 $951,453 $315,272
2019 $14,073 $1,241,889 $932,798 $309,091
2018 $14,337 $1,217,539 $914,508 $303,031
2016 $13,884 $1,170,263 $878,998 $291,265
2015 $13,731 $1,152,685 $865,795 $286,890
2014 $13,457 $1,130,107 $848,836 $281,271
Source: Public Records

Agents Affiliated with this Home

  • Catherine Cheney

    Seller's Agent in 2012

    Catherine Cheney

    Coldwell Banker Realty

    (626) 233-2938

    2 in this area

    35 Total Sales

    Catherine Cheney
    Section Image

  • T

    Buyer's Agent in 2012

    Tina Glandian

    G & G Realtors

    (818) 395-7975

    Tina Glandian
    Section Image
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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22164559

Pasadena-Foothills Association of REALTORS®

APN: 5721-027-024

California Los Angeles County Pasadena 91106

Madison Heights

Not Listed for Sale

MultiFamily

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