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 $13,712 / 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:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

  • CH

    CONNIE HONG

    Exquisite Home Realty

    (626) 313-3415

    14 Total Sales

    1 in Madison Heights

    $495,000 Price

    CONNIE HONG
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  • Laura Dandoy Real Estate Agent - The Real Estate Resource Group

    Laura Dandoy

    The Real Estate Resource Group

    (626) 784-4821

    260 Total Sales

    1 in Madison Heights

    $823,000 Price

    Laura Dandoy
     Section Image
  • Amy Engler Real Estate Agent - Douglas Elliman of California, Inc.

    Amy Engler

    Douglas Elliman of California, Inc.

    (424) 541-1946

    60 Total Sales

    8 in Madison Heights

    $555K - $750K Price Range

    Amy Engler
     Section Image
  • Armen Aroyan Real Estate Agent - Select Real Estate LA

    Armen Aroyan

    Select Real Estate LA

    (747) 215-3654

    32 Total Sales

    1 in Madison Heights

    $815,000 Price

    Armen Aroyan
     Section Image
  • Mark Lear Real Estate Agent - WERE Real Estate Inc

    Mark Lear

    WERE Real Estate Inc

    (657) 223-8121

    353 Total Sales

    1 in Madison Heights

    $850,000 Price

    Mark Lear
     Section Image
  • Patricia Phillips Real Estate Agent - Keller Williams R. E. Services

    Patricia Phillips

    Keller Williams R. E. Services

    (747) 234-2021

    4 Total Sales

    1 in Madison Heights

    $765,000 Price

    Patricia Phillips
     Section Image
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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
    Section Image
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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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