Janet Escobar
Circa Properties, Inc.
(657) 999-4571
20 Total Sales
1 in Orange Heights
$1,525,000 Price
727 E Orange Grove Blvd Pasadena, CA 91104
Orange Heights NeighborhoodEstimated Value: $2,643,000 - $3,260,210
6
Beds
6
Baths
4,381
Sq Ft
$674/Sq Ft
Est. Value
Highlights
- 0.38 Acre Lot
- Laundry Room
- 1-Story Property
About This Home
As of November 2019Coldwell 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
Coldwell Banker Realty License #01441481 Listed on: 09/06/2019
Last Buyer's Agent
Jennifer Maraia
Keller Williams Realty Calabasas License #01756097
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 16,570 Sq Ft 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
Amenities
- Laundry Facilities
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
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
Sep 6, 2019
Closed on
Oct 28, 2019
Sold by
Bought by
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$901,605
Avg. Annual Appreciation
5.60%
Purchase Details
Closed on
Aug 20, 2013
Sold by
Bought by
Purchase Details
Closed on
Feb 1, 2010
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
$610,000
Interest Rate
5.03%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jun 19, 2009
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
$185,000
Interest Rate
4.87%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 19, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Orange Heights, CA
-
Janet Escobar
-
Marc de Longeville
Marc de Longeville
Sotheby's International Realty
(424) 227-5692
37 Total Sales
2 in Orange Heights
$730K - $735K Price Range
-
Ashmat Delawari
Ashmat Delawari
Equity Union-Westside
(661) 485-2112
49 Total Sales
2 in Orange Heights
$540K - $1.2M Price Range
-
Amy Engler
Amy Engler
Douglas Elliman of California, Inc.
(424) 541-1946
60 Total Sales
2 in Orange Heights
$1M - $1.2M Price Range
-
Andrew Hart
Andrew Hart
Real Broker
(818) 463-1176
65 Total Sales
1 in Orange Heights
$1,250,000 Price
-
Linda Ojeda
Linda Ojeda
Luxury Collective
(424) 372-0165
112 Total Sales
2 in Orange Heights
$650,000 Price Range
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 |
|---|---|---|---|
| $2,050,000 | Fidelity National Title Co | ||
| $1,217,512 | North American Title Company | ||
| -- | Fidelity National Title Co | ||
| $785,000 | Fidelity National Title Co | ||
| $218,000 | Old Republic Title Company |
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 |
|---|---|---|---|
| Previous Owner | $610,000 | ||
| Previous Owner | $610,000 | ||
| Previous Owner | $185,000 |
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 |
|---|---|---|---|---|
| 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
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 | $27,259 | $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
-
Matt Ly
M
Seller's Agent in 2019
Matt Ly
Coldwell Banker Realty
(626) 821-1216
21 Total Sales
-
J
Buyer's Agent in 2019
Jennifer Maraia
Keller Williams Realty Calabasas
-
R
Buyer's Agent in 2019
Robert Maraia
Keller Williams Realty Calabasas
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR19207662
APN: 5731-010-036
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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