NOT LISTED FOR SALE

657 S Lake Ave Pasadena, CA 91106

Madison Heights Neighborhood

Estimated Value: $1,884,000 - $2,901,603

4 Beds
4 Baths
2,829 Sq Ft
$799/Sq Ft Est. Value

Sale Details

Date Sold: August 16, 2012

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

Est. 101% increase in value since last sale

Current estimated payment $14,164 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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

9,631 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2012
Closed on
Jul 6, 2012
Sold by
Bought by
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
$2,260,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,135,651
Avg. Annual Appreciation
5.12%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Madison Heights, CA

  • Crosby Doe Real Estate Agent - Crosby Doe Associates, Inc.

    Crosby Doe

    Crosby Doe Associates, Inc.

    (424) 541-1360

    33 Total Sales

    1 in Madison Heights

    $1,675,000 Price

    Crosby Doe
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  • Jeffrey Russell Real Estate Agent - Russell Realty Group

    Jeffrey Russell

    Russell Realty Group

    (626) 604-2792

    115 Total Sales

    2 in Madison Heights

    $483K - $775K Price Range

    Jeffrey Russell
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  • Christine Cheng Real Estate Agent - Keller Williams Realty/Temecula

    Christine Cheng

    Keller Williams Realty/Temecula

    (628) 244-8657

    52 Total Sales

    1 in Madison Heights

    $55,000 Price

    Christine Cheng
     Section Image
  • Mel Macklin Real Estate Agent - HomeSmart, Evergreen Realty

    Mel Macklin

    HomeSmart, Evergreen Realty

    (747) 307-7003

    49 Total Sales

    1 in Madison Heights

    $918,000 Price

    Mel Macklin
     Section Image
  • Pam DelRey Real Estate Agent - Art Del Rey Realty, Inc.

    Pam DelRey

    Art Del Rey Realty, Inc.

    (626) 604-0256

    61 Total Sales

    2 in Madison Heights

    $621K - $1.1M Price Range

    Pam DelRey
     Section Image
  • Emilia Aldana Real Estate Agent - COMPASS

    Emilia Aldana

    COMPASS

    (626) 696-8236

    27 Total Sales

    1 in Madison Heights

    $980,000 Price

    Emilia Aldana
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,125,000 First American Title Company
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 Real Estate Agent - Coldwell Banker Realty

    Seller's Agent in 2012

    Catherine Cheney

    Coldwell Banker Realty

    (626) 233-2938

    2 in this area

    28 Total Sales

    Catherine Cheney
    Section Image

  • T

    Buyer's Agent in 2012

    Tina Glandian

    G & G Realtors

    (818) 395-7975

    Tina Glandian
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Map

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

657 S Lake Ave, Pasadena, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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