NOT LISTED FOR SALE

727 E Orange Grove Blvd Pasadena, CA 91104

Orange Heights Neighborhood

Estimated Value: $2,857,000 - $3,316,065

6 Beds
6 Baths
4,381 Sq Ft
$705/Sq Ft Est. Value

Last Sold November 25, 2019

Last sale price $2,050,000 $468 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $18,902/month

56 Days on Market

Highlights

  • 0.38 Acre Lot
  • Laundry Room
  • 1-Story Property
  • John Muir High School Rated A-

About This Home

As of November 2019

Coldwell Banker is pleased to present a turnkey 7 unit single story apartment located at 727 E. Orange Grove Blvd., Pasadena, CA with great current cashflow. This seven unit property consists of 6 - 1 bedroom/1 bathroom (each approximately 600 sf) and 1 – 2 bedroom/1.75 bathroom (approximately 800 sf) on a huge 16,570 sq ft lot. All kitchens have been updated with granite countertops, wood cabinets, sinks and faucets. While seven of the eight bathrooms have been updated with vanity, toilet and flooring. All units have hardwood floors except one with laminate flooring. All units have individual electric and gas meters along with individual water heaters. There are 7 covered parking spaces. This well maintained property also has a beautifully private landscaped courtyard that is located within walking distance to shops and restaurants, as well as public transportation. This high rental demand 7 unit apartment is a great opportunity for any investor looking for a great current cashflow along with ease of a 15% rental upside with minimal turnaround time. In addition, the sellers might consider seller financing with 50% down payment for a strong credit worthy buyer.
Pasadena is the ninth largest city in Los Angeles County and is known for high rental demand where tenants can live, work and play locally. The city of Pasadena is also highly recognized for its centralized location, public transportation, and with popular local attractions

Last Agent to Sell the Property

Matt Ly

Coldwell Banker Realty License #01441481 Listed on: 09/06/2019

Coldwell Banker Realty

Last Buyer's Agent

Jennifer Maraia

Keller Williams Realty Calabasas License #01756097

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,026

Year Built

  • Built in 1949

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 4,381 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 4621
  • Assessor Parcel Number 5731010036

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $96
  • Gardener Expense $1,320
  • Insurance Expense $2,400
  • Maintenance Expense $7,000
  • Other Expense $1,400
  • Trash Expense $2,500
  • Water Sewer Expense $2,543
  • New Taxes Expense $27,438
  • Operating Expense $44,697
  • Gross Income $650
  • Net Operating Income $84,168

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,026

Year Built

Built in 1949

Lot Details

0

Listing Details

  • CapRate: 3.83
  • Price Per Unit: 313571
  • Property Attached: Yes
  • Water Sewer Expenses: 2543.00
  • Zoning: PSR3
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 5731010036
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 467.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 16570.00
  • Lot Size Acres: 0.3804

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Fuel Expense: 96.00
  • Gross Income: 650.00
  • Gross Multiplier: 16.52
  • Gross Operating Income: 128865.00
  • Gross Scheduled Income: 132830.00
  • Insurance Expense: 2400.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 650.00
  • Lot Size Area: 16570.0000 Square Feet
  • Maintenance Expense: 7000.00
  • Net Operating Income: 84168.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 7
  • Operating Expense: 44697.00
  • Other Expense: 1400.00
  • Other Expense Description: reserves
  • Rent Control: No
  • Total Expenses: 44697.00
  • Vacancy Allowance: 3965
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 27438.00
  • Tax Census Tract: 4621.00
  • Tax Lot: 9
  • Tax Tract Number: 4621

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2019
Closed on
Oct 28, 2019
Sold by
Rosental Leon and Rosental Gail Lynn
Bought by
Kostyrko Edwards Zofia and Wojciechowski Living Trust
Seller's Agent
Matt Ly
Coldwell Banker Realty
Buyer's Agent
Jennifer Maraia
Keller Williams Realty Calabasas
List Price
$2,195,000
Sold Price
$2,050,000
Premium/Discount to List
-$145,000
-6.61%
Current Estimated Value
$3,070,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,020,890
Avg. Annual Appreciation
7.16%

Purchase Details

Closed on
Aug 20, 2013
Sold by
Prope Langan Mary Ann and Prope Mary Ann Langan Separate
Bought by
Rosental Leon and Rosental Gail Lynn

Purchase Details

Closed on
Feb 1, 2010
Sold by
Andro Paula and Paula Andro Separate Property
Bought by
Prope Langan Mary Ann and Prope Mary Ann Langan Separate

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
5.03%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 19, 2009
Sold by
Smith Helen G and The 1986 Hugh T & Helen G Smit
Bought by
Andro Paula and Paula Andro Separate Property

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
4.87%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 19, 1998
Sold by
Gauthier Charmaine M and The Gauthier Revocable Trust
Bought by
Smith Hugh T and Smith Helen G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.6%
Mortgage Type
Commercial
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
Kostyrko Edwards Zofia $2,050,000 Fidelity National Title Co
Rosental Leon $1,217,512 North American Title Company
Prope Langan Mary Ann -- Fidelity National Title Co
Andro Paula $785,000 Fidelity National Title Co
Smith Hugh T $218,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Langan Mary Ann $610,000
Previous Owner Prope Langan Mary Ann $610,000
Previous Owner Andro Paula $185,000
Previous Owner Smith Hugh T $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2019 11/25/19 Sold $2,050,000 -6.6% $468 / Sq Ft
11/01/2019 11/01/19 Pending -- -- --
09/06/2019 09/06/19 For Sale $2,195,000 -- $501 / 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 $26,026 $2,241,969 $1,345,181 $896,788
2024 $26,026 $2,198,009 $1,318,805 $879,204
2023 $25,810 $2,154,912 $1,292,947 $861,965
2022 $24,932 $2,112,660 $1,267,596 $845,064
2021 $23,926 $2,071,237 $1,242,742 $828,495
2019 $15,952 $1,337,927 $953,308 $384,619
2018 $16,013 $1,311,694 $934,616 $377,078
2016 $15,486 $1,260,762 $898,325 $362,437
2015 $15,313 $1,241,825 $884,832 $356,993
2014 $15,035 $1,217,500 $867,500 $350,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Matt Ly

    Coldwell Banker Realty

    (626) 821-1216

    27 Total Sales

    Section Image

  • J

    Buyer's Agent in 2019

    Jennifer Maraia

    Keller Williams Realty Calabasas

    Section Image

  • R

    Buyer's Agent in 2019

    Robert Maraia

    Keller Williams Realty Calabasas

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR19207662

California Regional Multiple Listing Service (CRMLS)

APN: 5731-010-036

California Los Angeles County Pasadena 91104 Orange Heights

727 E Orange Grove Blvd, Pasadena, CA

This home is located at 727 E Orange Grove Blvd, Pasadena, CA 91104 since 06 September 2019 and is currently estimated at $3,086,533, approximately $704 per square foot. This property was built in 1949. 727 E Orange Grove Blvd is a home located in Los Angeles County with nearby schools including Madison Elementary School, Octavia E. Butler Magnet, and John Muir High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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