NOT LISTED FOR SALE

Estimated Value: $58,340,242

-- Bed
-- Bath
116,458 Sq Ft
$501/Sq Ft Est. Value

About This Home

This home is located at 70 S Lake Ave, Pasadena, CA 91101 and is currently estimated at $58,340,242, approximately $500 per square foot. 70 S Lake Ave is a home located in Los Angeles County with nearby schools including McKinley School, Blair High School, and International School of Los Angeles-Pasadena.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2018
Sold by
Ab Sw 70 S Lake Owner Llc
Bought by
Lake One Capital Llc and Lake Tow Capital Llc
Current Estimated Value
$58,340,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000,000
Outstanding Balance
$29,186,712
Interest Rate
4.8%
Mortgage Type
Commercial
Estimated Equity
$34,120,124

Purchase Details

Closed on
May 16, 2016
Sold by
Legacy Iii Pasadena Llc
Bought by
Ab/Sw 70 S Lake Owner Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,679,506
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2008
Sold by
Arden Realty Lp
Bought by
Legacy Iii Pasadena Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,400,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 1997
Sold by
Arden Realty Ltd Partnership
Bought by
Arden Realty Finance Partnership Lp

Purchase Details

Closed on
Nov 21, 1995
Sold by
Nippon Landic Usa Inc
Bought by
Laop Iv Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Lake One Capital Llc $44,000,000 First American Title Company
Ab/Sw 70 S Lake Owner Llc $31,500,000 First American
Legacy Iii Pasadena Llc -- Chicago Title
Arden Realty Finance Partnership Lp -- First American Title Co
Laop Iv Llc -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lake One Capital Llc $16,500,000
Open Lake One Capital Llc $33,000,000
Previous Owner Ab/Sw 70 S Lake Owner Llc $109,679,506
Previous Owner Legacy Iii Pasadena Llc $30,400,000
Source: Public Records

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 $563,769 $49,082,834 $15,617,263 $33,465,571
2024 $563,769 $48,120,427 $15,311,043 $32,809,384
2023 $549,082 $47,176,890 $15,010,827 $32,166,063
2022 $540,676 $46,251,854 $14,716,498 $31,535,356
2021 $519,182 $45,344,956 $14,427,940 $30,917,016
2019 $473,540 $42,448,320 $7,428,456 $35,019,864
2018 $597,653 $51,811,920 $8,323,200 $43,488,720
2016 $474,458 $40,444,302 $7,389,822 $33,054,480
2015 $478,226 $39,836,791 $7,278,820 $32,557,971
2014 -- $39,056,444 $7,136,238 $31,920,206
Source: Public Records

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