NOT LISTED FOR SALE
6 Beds
6 Baths
20,426 Sq Ft
0.56 Acre Lot

Sale Details

Date Sold: December 17, 2018

Last sale price $7,250,000 $355 Per Sq Ft

51 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 0.56 Acre Lot
  • Traditional Architecture
  • Arroyo Vista Elementary Rated A+
  • Property is near public transit
  • Lawn

About This Home

As of December 2018

Property consist of 19 Units (one studio unit, 8 one bedroom/1 bath, 6 two bedroom/2 bath, 4 three bedroom/2 bath). 95% of units have been fully
renovated. Updated units have laminate and tile flooring, new kitchen include new cabinets, granite countertops and new appliances, Bathrooms with
new vanities, toilets, bathtubs and hardware. Located adjacent to San Marino and Pasadena. Convenient to Huntington Hospital, California Institute of
Technology, Old Town Pasadena and easy access to 110 Freeway. Units have separate water heaters.

Last Agent to Sell the Property

Lucinda Don

DON REALTY License #00530092 Listed on: 10/11/2018

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 24,194 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Landscaped
  • Level Lot
  • Lawn
  • Density is up to 1 Unit/Acre

Home Design

  • Traditional Architecture
  • Turnkey
  • Fire Rated Drywall
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 20,426 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 6 Bathrooms

Parking

  • Attached Carport
  • Parking Available
  • Driveway
  • Assigned Parking

Accessible Home Design

  • Doors swing in
  • No Interior Steps

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Combination Of Heating Systems
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 31 / 1012
  • Tax Tract Number 480600
  • Assessor Parcel Number 5315017031

Community Details

Building Details

  • 19 Separate Electric Meters
  • Electric Expense $2,198
  • Gardener Expense $3,000
  • Insurance Expense $7,149
  • Maintenance Expense $11,400
  • Other Expense $27,232
  • Pest Control $720
  • Professional Management Expense $17,674
  • Trash Expense $1,695
  • Water Sewer Expense $10,000
  • New Taxes Expense $86,647
  • Operating Expense $168,077
  • Gross Income $455,520
  • Net Operating Income $273,777

Additional Features

  • 19 Units
  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0.56 Acres

Listing Details

  • Assessments: No
  • Professional Management Expense: 17674.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Resident Manager, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 10000.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 5315017031
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Accessibility Features: Doors - Swing In, No Interior Steps
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 354.94
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Window Features: Blinds

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Driveway

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal
  • Heating Type: Combination
  • Laundry Features: Community
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 1695.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped, Lawn, Level with Street, Lot 20000-39999 Sqft, Near Public Transit, Walkstreet
  • Lot Size Sq Ft: 24194.00
  • Lot Size Acres: 0.5554

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 805 Square Feet
  • Average2 Bed Area: 1255 Square Feet
  • Average3 Bed Area: 1475 Square Feet
  • Average Studio Area: 555 Square Feet
  • Electric Expense: 2198.00
  • Gross Income: 455520.00
  • Gross Operating Income: 441854.00
  • Gross Scheduled Income: 455520.00
  • Insurance Expense: 7149.00
  • Laundry Income: 3600.00
  • Lot Size Area: 24194.0000 Square Feet
  • Maintenance Expense: 11400.00
  • Net Operating Income: 273777.00
  • Number Of Separate Electric Meters: 19
  • Number Of Units Total: 19
  • Number With Dishwasher: 19
  • Number With Disposal: 19
  • Number With Range: 19
  • Operating Expense: 168077.00
  • Operating Expense Percent: 3.67
  • Other Expense: 27232.00
  • Rent Control: No
  • Total Expenses: 168077.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 86647.00
  • Tax Block: 1012
  • Tax Lot: 31
  • Tax Tract Number: 480600

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
Oct 11, 2018
Closed on
Oct 30, 2018
Sold by
Bought by
Seller's Agent
Lucinda Don
DON REALTY
List Price
$7,775,000
Sold Price
$7,250,000
Premium/Discount to List
-$525,000
-6.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,130,000
Interest Rate
4.9%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 25, 2008
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
$1,040,000
Interest Rate
5.97%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$7,250,000 North American Title
$2,000,000 Provident Title
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 $3,500,000
Closed $3,500,000
Previous Owner $3,130,000
Previous Owner $2,950,000
Previous Owner $1,040,000
Previous Owner $66,900
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
12/17/2018 12/17/18 Sold $7,250,000 -6.8% $355 / Sq Ft
12/01/2018 12/01/18 Pending -- -- --
10/11/2018 10/11/18 For Sale $7,775,000 -- $381 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $95,654 $8,087,508 $4,448,687 $3,638,821
2024 $98,312 $7,928,930 $4,361,458 $3,567,472
2023 $96,295 $7,773,462 $4,275,940 $3,497,522
2022 $94,114 $7,621,043 $4,192,099 $3,428,944
2021 $92,446 $7,471,611 $4,109,901 $3,361,710
2019 $89,839 $7,251,880 $3,988,000 $3,263,880
2018 $47,367 $3,623,551 $2,037,190 $1,586,361
2016 $43,780 $3,481,039 $1,958,085 $1,522,954
2015 $43,044 $3,428,751 $1,928,673 $1,500,078
2014 $42,546 $3,361,587 $1,890,893 $1,470,694
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18248378

California Regional Multiple Listing Service (CRMLS)
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