NOT LISTED FOR SALE
63 Beds
56 Baths
35,093 Sq Ft
0.36 Acre Lot

Sale Details

Date Sold: December 3, 2020

Last sale price $17,212,500 $490 Per Sq Ft

55 Days on Market

Highlights

  • Gated Parking
  • 0.36 Acre Lot
  • Central Heating and Cooling System

About This Home

As of December 2020

The Encore is an irreplaceable 28-unit apartment building plus two commercial/retail units on the ground floor. The property was built in 2004 and is located in the Playhouse District. The Encore is located a few blocks away from restaurants, shops and entertainment on Colorado Boulevard and minutes away from Old Town Pasadena. Per the Seller, 24 out of the 28 apartments have been renovated with stainless steel appliances, vinyl plank flooring in the kitchen, bathrooms, living room and hallways and carpet in the bedrooms and closets, 4 inch baseboards, paint, fixtures, quartz counter tops in the kitchen and the bathrooms, shaker style cabinets with pulls and newer side by side washer and dryer. All of the apartments have in-unit washer/dryer and most apartments have a balcony. The building has an elevator, central air and heat, gated parking and an interior courtyard.Per the Seller, the exterior of the building has newer paint.Properties like this don't come around for sale that often.

Last Agent to Sell the Property

Earle Hyman

Marcus & Millichap License #00803521 Listed on: 07/24/2020

Last Buyer's Agent

Robert Ip

Coldwell Banker Realty Pasadena License #01876261

Coldwell Banker Realty Pasadena
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2004

Lot Details

  • 15,482 Sq Ft Lot
  • Lot Dimensions are 107x145

Interior Spaces

  • 35,093 Sq Ft Home
  • Elevator
  • Laundry in unit

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 63 Bedrooms
  • 56 Bathrooms

Parking

  • 64 Parking Spaces
  • Gated Parking

Utilities

  • Central Heating and Cooling System

Community Details

  • 30 Units
  • 5-Story Property

Listing and Financial Details

  • Assessor Parcel Number 5723-013-069

Property Details

Home Type

Multi-Family

Year Built

Built in 2004

Lot Details

0.36 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 35093
  • Lot Acreage: 0.3554
  • Lot Dimensions: 107x145
  • Price Per Unit: 581667.00
  • Probate: No
  • Stories: 5
  • Year Built: 2004
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 63
  • Laundry: In Unit
  • Total Bathrooms: 56.00
  • Equipment: Elevator, Dishwasher, Range/Oven
  • Price Per S Q F T: 497.25

Exterior Features

  • Other Structures: None
  • Pool: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 64

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Heaters: No

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 4545496
  • Assessed Land Percent: 60
  • Assessed Land Value: 6818247
  • Total Assessed Value: 11363743
  • Assessor Parcel Number: 5723-013-069
  • Lot Size Area: 15482

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.69
  • Number Of Units: 30
  • Type Of Units: Apartments

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
Jul 24, 2020
Closed on
Nov 23, 2020
Sold by
Bought by
Seller's Agent
Earle Hyman
Marcus & Millichap
Buyer's Agent
Robert Ip
Coldwell Banker Realty Pasadena
List Price
$17,450,000
Sold Price
$17,212,500
Premium/Discount to List
-$237,500
-1.36%

Purchase Details

Closed on
Oct 9, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,250,000
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 10, 2011
Closed on
Apr 24, 2012
Sold by
Bought by
Seller's Agent
Henry Ho
Help-U-Sell Westside Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$11,000,000
Sold Price
$10,500,000
Premium/Discount to List
-$500,000
-4.55%

Purchase Details

Closed on
Nov 14, 2008
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 2006
Sold by
Bought by

Purchase Details

Closed on
Apr 17, 2006
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 22, 2005
Sold by
Bought by

Purchase Details

Closed on
Jun 5, 2001
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Playhouse Village, CA

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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
$17,212,500 First American Title Ins Co
$14,000,000 North American Title
$10,500,000 Chicago Title Company
$10,500,000 Fidelity National Title Co
$11,500,000 Chicago Title Co
-- None Available
-- None Available
-- --
$650,000 First American Title Co
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $7,000,000
Previous Owner $11,250,000
Previous Owner $38,200,000
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 Prior Sale
12/03/2020 12/03/20 Sold $17,212,500 -1.4% $490 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $17,450,000 +66.2% $497 / Sq Ft
05/02/2012 05/02/12 Sold $10,500,000 -4.5% $299 / Sq Ft View Prior Sale
02/22/2012 02/22/12 Pending -- -- --
10/10/2011 10/10/11 For Sale $11,000,000 -- $313 / Sq Ft
Source: The MLS

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 $222,513 $18,631,362 $10,824,321 $7,807,041
2024 $212,834 $18,266,042 $10,612,080 $7,653,962
2023 $210,841 $17,907,885 $10,404,000 $7,503,885
2022 $203,397 $17,556,750 $10,200,000 $7,356,750
2021 $194,941 $17,212,500 $10,000,000 $7,212,500
2020 $160,854 $14,615,600 $8,323,200 $6,292,400
2019 $161,302 $14,330,000 $8,160,000 $6,170,000
2018 $164,952 $14,050,000 $8,000,000 $6,050,000
2017 $136,403 $11,363,743 $6,818,247 $4,545,496
2016 $133,528 $11,140,925 $6,684,556 $4,456,369
2015 $131,935 $10,973,579 $6,584,148 $4,389,431
2014 $129,234 $10,758,623 $6,455,174 $4,303,449
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-609264

The MLS
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