NOT LISTED FOR SALE

71 Palmetto Dr Pasadena, CA 91105

Madison Heights Neighborhood

Estimated Value: $1,297,000 - $1,766,803

3 Beds
2 Baths
1,509 Sq Ft
$987/Sq Ft Est. Value

Last Sold June 23, 2021

Last sale price $1,112,500 $737 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $8,865/month

28 Days on Market

About This Home

As of June 2021

Within distance from the Huntington Memorial Hospital, Lab Corp, the Hernia Center, pulmonary , orthopedics, holistic health, medical spa, and healthcare office in the corridors of downtown Pasadena. Current building is a detached residential duplex on a lot, zoned for PSC- commercial for business, office, medical and other opportunities for highest and best use. The property falls under the City of Pasadena planning and community development's, Central District next to South Fair Oaks Specific Plan. Close by commercial properties, such as medical office, gym, storage, restaurants, church, dance school, office, schools, industrial, auto shop, and supermarkets. Can you imagine?

Last Agent to Sell the Property

Charlie Lac

SAN GABRIEL VALLEY REALTY License #01777052 Listed on: 03/18/2021

SAN GABRIEL VALLEY REALTY

Last Buyer's Agent

Charlie Lac

SAN GABRIEL VALLEY REALTY License #01777052 Listed on: 03/18/2021

SAN GABRIEL VALLEY REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 7,114 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 1,509 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 30 / B
  • Tax Tract Number 4637
  • Assessor Parcel Number 5713035024

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $554
  • Water Sewer Expense $960
  • New Taxes Expense $15,000
  • Operating Expense $16,514
  • Gross Income $13,200
  • Net Operating Income $10,740

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 960.00
  • Zoning: PSC-
  • Property Type: Residential Income
  • Parcel Number: 5713035024
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 737.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Unknown
  • Trash Expense: 554.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7114.00
  • Lot Size Acres: 0.1633

Multi Family

  • Gross Income: 13200.00
  • Gross Scheduled Income: 13200.00
  • Lot Size Area: 7114.0000 Square Feet
  • Net Operating Income: 10740.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2460.00
  • Rent Control: No
  • Total Expenses: 16514.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Block: B
  • Tax Census Tract: 4637.00
  • Tax Lot: 30
  • Tax Tract Number: 4637.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2006
Sold by
Alvarado Francisca
Bought by
Alvarado Francisca and Alvarado Francisca Revocable T
Current Estimated Value
$1,489,951
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Alvarado Francisca -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2021 06/23/21 Sold $1,112,500 -7.1% $737 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $1,197,000 -- $793 / 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 $13,531 $1,204,204 $865,945 $338,259
2024 $13,531 $1,180,593 $848,966 $331,627
2023 $13,418 $1,157,445 $832,320 $325,125
2022 $12,953 $1,134,750 $816,000 $318,750
2021 $1,547 $98,775 $70,619 $28,156
2020 $1,502 $97,763 $69,895 $27,868
2019 $1,500 $95,847 $68,525 $27,322
2018 $1,391 $93,969 $67,182 $26,787
2016 $1,314 $90,322 $64,574 $25,748
2015 $1,297 $88,967 $63,605 $25,362
2014 $1,288 $87,226 $62,360 $24,866
Source: Public Records

Agents Affiliated with this Home

  • Charlie Lac

    Seller's Agent in 2021

    Charlie Lac

    SAN GABRIEL VALLEY REALTY

    (626) 566-8399

    1 in this area

    11 Total Sales

    Charlie Lac
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21057210

California Regional Multiple Listing Service (CRMLS)

APN: 5713-035-024

California Los Angeles County Pasadena 91105 Madison Heights

71 Palmetto Dr, Pasadena, CA

Not Listed for Sale

MultiFamily

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