NOT LISTED FOR SALE

Estimated Value: $1,193,289 - $1,343,000

2 Beds
3 Baths
2,157 Sq Ft
$589/Sq Ft Est. Value

Last Sold November 25, 2015

Last sale price $680,000 $315 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $7,542/month

5 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Mountain View
  • Cooling System Mounted To A Wall/Window
  • Pasadena High School Rated A
  • Tudor Architecture
  • Carpet

About This Home

As of November 2015

Charming Three Units located in the prime area of Pasadena, close to Metro Gold line, P.C.C, Cal-tech, and Old Town Pasadena, easy access to the 210 and 110 freeways. There are two updated one bedroom, one bath and one studio. All on one level. One of the one bedroom currently has a tenant. The other two are vacant. Excellent opportunity for owner/user to live in one and rent the other or perfect Investment property. 2-car detached garage with additional parking space in the driveway. Every unit has its own gas and electricity meter. Rents are low for this very high demanding renting area. The property is being sold "AS IS" in its present condition. Buyer’s responsibility for termite inspection and repairs. Seller will not make any repairs. Buyer to verify all information.

Last Agent to Sell the Property

Pauline Cheng

Re/Max Premier Prop Arcadia License #00993691 Listed on: 10/23/2015

Re/Max Premier Prop Arcadia

Last Buyer's Agent

Lillian Liu

Re/Max Premier Prop Arcadia License #01831296

Re/Max Premier Prop Arcadia

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,657

Year Built

  • Built in 1932

Lot Details

  • 6,041 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Tudor Architecture
  • Cosmetic Repairs Needed
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,157 Sq Ft Home
  • Carpet
  • Mountain Views
  • Gas Cooktop

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 38
  • Tax Tract Number 4627
  • Assessor Parcel Number 5746015052

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,206
  • Maintenance Expense $1,200
  • Trash Expense $2,040
  • New Taxes Expense $8,600
  • Gross Income $3,100
  • Net Operating Income $24,154

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,657

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Architectural Style: Tudor
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 5746015052
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 315.25
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Mountain(s)
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Appliances: Gas Cooktop
  • Trash Expense: 2040.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 6041.00
  • Price Per Lot Square Foot: 112.56
  • Lot Size Acres: 0.1390

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3100.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 1206.00
  • Lot Size Area: 6041.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 24154.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 13046.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8600.00
  • Tax Lot: 38
  • Tax Tract Number: 4627

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2015
Closed on
Nov 3, 2015
Sold by
Chien Chieh Fu Jeff
Bought by
Ferrari Michael
Seller's Agent
Pauline Cheng
Re/Max Premier Prop Arcadia
Buyer's Agent
Lillian Liu
Re/Max Premier Prop Arcadia
List Price
$698,000
Sold Price
$680,000
Premium/Discount to List
-$18,000
-2.58%
Current Estimated Value
$1,270,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$590,572
Avg. Annual Appreciation
6.52%

Purchase Details

Closed on
Jun 26, 2009
Sold by
Chien Chieh Fu Jeff and Chien Kazuko Yokoyama
Bought by
Chien Chieh Fu Jeff
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
Ferrari Michael $680,000 Fidelity Title
Chien Chieh Fu Jeff -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2015 11/25/15 Sold $680,000 -2.6% $315 / Sq Ft
10/28/2015 10/28/15 Pending -- -- --
10/23/2015 10/23/15 For Sale $698,000 -- $324 / 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 $9,657 $825,339 $568,218 $257,121
2024 $9,657 $809,157 $557,077 $252,080
2023 $9,575 $793,292 $546,154 $247,138
2022 $9,250 $777,739 $535,446 $242,293
2021 $8,875 $762,491 $524,948 $237,543
2019 $8,550 $721,940 $509,379 $212,561
2018 $8,456 $707,792 $499,392 $208,400
2016 $8,098 $680,000 $480,000 $200,000
2015 $5,121 $405,949 $243,572 $162,377
2014 $5,034 $397,998 $238,801 $159,197
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15231925

California Regional Multiple Listing Service (CRMLS)

APN: 5746-015-052