NOT LISTED FOR SALE

706 Prospect Ave South Pasadena, CA 91030

Estimated Value: $2,007,000 - $2,133,000

4 Beds
3 Baths
2,775 Sq Ft
$751/Sq Ft Est. Value

Last Sold January 22, 2025

Last sale price $2,100,000 $757 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $11,904/month

11 Days on Market

Highlights

  • Open Floorplan
  • 2-minute walk to South Pasadena
  • Spanish Architecture
  • Arroyo Vista Elementary Rated A+
  • Wood Flooring
  • High Ceiling

About This Home

As of January 2025

Do not miss this exceptional opportunity to own an amazing triplex in the charming city of South Pasadena, located within close proximity to shops, restaurants and the local farmer's market. All three units are vacant, have in-unit washer and dryer hookups and offer fantastic character details throughout. The front Spanish duplex was built in 1924 and consists of one-bedroom and one-bathroom in each of the two units. They are both complemented by tons of vintage charm and feature bright living rooms with coved ceilings, French windows, spacious dining rooms with built-in cabinetry, period moldings and hardwood flooring. They share a private backyard, which includes a delightful patio area, offering additional space for entertainment and relaxation. The detached spacious two-bedroom home in the back features stunning character details. From the formal entry, there is a spectacular combined living room and dining area with a post and beam vaulted ceiling. There is a cozy fireplace and a wall of sliding glass doors that open to a private backyard. The kitchen has recessed lighting and a convenient breakfast bar. One of the two bedrooms features sliding glass doors that open to an oversized laundry room (which could make a great spot for a potential second bathroom). The second generously-sized bedroom features delightful built-in cabinetry. A full bathroom completes this exceptional unit. There are three one-car garages off the back-alley entrance and all three of the units have new roofs. There are also separate gas and electric meters for each unit. This property is a rare gem in a sought-after location, offering versatile living options for owner-occupants, multigenerational living, or investors seeking strong rental potential. Welcome home!

Last Agent to Sell the Property

Jenan Musulli

Coldwell Banker Realty License #01438002 Listed on: 12/10/2024

Coldwell Banker Realty

Co-Listed By

George Musulli

Coldwell Banker Realty License #00769903

Last Buyer's Agent

Lee Tonks

Tonks Agency Inc License #01824758

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,567

Year Built

  • Built in 1924

Lot Details

  • 8,989 Sq Ft Lot
  • 1 Common Wall
  • West Facing Home
  • Wood Fence
  • Brick Fence
  • No Sprinklers

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • On-Street Parking

Home Design

  • Triplex
  • Spanish Architecture

Interior Spaces

  • 2,775 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Beamed Ceilings
  • Coffered Ceiling
  • High Ceiling
  • Recessed Lighting
  • French Doors
  • Sliding Doors
  • Formal Entry
  • Living Room with Fireplace
  • Security Lights

Kitchen

  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Stone Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 5315017025

Community Details

Overview

  • 2 Buildings
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $1,500
  • Insurance Expense $3,182
  • Other Expense $3,315
  • Trash Expense $1,500
  • Operating Expense $6,182

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,567

Year Built

Built in 1924

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Inclusions: All appliances currently in the in the units
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Security Lights
  • Subdivision Name Other: Not Applicable
  • View: No
  • Zoning: SPR210000
  • Architectural Style: Spanish
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 5315017025
  • Year Built: 1924
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Stone Counters, Recessed Lighting, Open Floorplan, High Ceilings, Coffered Ceiling(s), Built-in Features
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Door Features: French Doors, Sliding Doors
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 756.76
  • Room Type: Formal Entry, Laundry, Main Floor Bedroom, Living Room

Exterior Features

  • Direction Faces: West
  • Fence: Yes
  • Fencing: Brick, Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Garage Faces Rear, Street
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Water Connected, Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Range Hood, Gas Range, Refrigerator
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: In Kitchen, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 8989.00
  • Lot Size Acres: 0.2064

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average2 Bed Area: 1175 Square Feet
  • Insurance Expense: 3182.00
  • Lot Size Area: 8989.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Other Expense: 3315.00
  • Other Expense Description: Earthquake insurance, Annually
  • Rent Control: Yes
  • Total Expenses: 6182.00

Tax Info

  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2025
Sold by
Li-Chan-Lin Natalia
Bought by
North Star Revocable Living Trust and Li-Chan-Lin
Current Estimated Value
$2,085,000

Purchase Details

Listed on
Dec 10, 2024
Closed on
Jan 13, 2025
Sold by
Bushmelov Vitaly
Bought by
Li-Chan-Lin Natalia
Seller's Agent
Jenan Musulli
Coldwell Banker Realty
Buyer's Agent
Lee Tonks
Tonks Agency Inc
List Price
$1,499,000
Sold Price
$2,100,000
Premium/Discount to List
$601,000
40.09%
Views
126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.43%

Purchase Details

Listed on
Dec 10, 2024
Closed on
Dec 26, 2024
Sold by
Cohl Gordon K and Mcmanamon Philip
Bought by
Li-Chan-Lin Natalia and Ju Zhaochun
Seller's Agent
Jenan Musulli
Coldwell Banker Realty
Buyer's Agent
Lee Tonks
Tonks Agency Inc
List Price
$1,499,000
Sold Price
$2,100,000
Premium/Discount to List
$601,000
40.09%
Views
126

Purchase Details

Closed on
Aug 18, 1994
Sold by
Cohl Gordon K and Ko Gordon K
Bought by
Cohl Gordon K and Cohl Jessica Chiu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
8.8%
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
North Star Revocable Living Trust -- None Listed On Document
Li-Chan-Lin Natalia -- Equity Title - Los Angeles
Li-Chan-Lin Natalia $2,100,000 Equity Title - Los Angeles
Cohl Gordon K -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yang Robert A $66,900
Previous Owner Cohl Gordon K $270,000
Previous Owner Cohl Gordon K $223,000
Previous Owner Cohl Gordon K $226,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2025 01/22/25 Sold $2,100,000 +40.1% $757 / Sq Ft
12/21/2024 12/21/24 Pending -- -- --
12/10/2024 12/10/24 For Sale $1,499,000 -- $540 / 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 $7,567 $1,814,665 $1,061,208 $753,457
2024 $7,567 $540,421 $337,768 $202,653
2023 $7,413 $529,826 $331,146 $198,680
2022 $7,248 $519,438 $324,653 $194,785
2021 $7,109 $509,254 $318,288 $190,966
2020 $7,008 $504,033 $315,025 $189,008
2019 $6,902 $494,151 $308,849 $185,302
2018 $6,765 $484,463 $302,794 $181,669
2016 $6,279 $465,652 $291,037 $174,615
2015 $6,178 $458,659 $286,666 $171,993
2014 $6,116 $449,675 $281,051 $168,624
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-20212

Pasadena-Foothills Association of REALTORS®

APN: 5315-017-025