NOT LISTED FOR SALE

Estimated Value: $1,490,000 - $1,899,000

6 Beds
4 Baths
2,212 Sq Ft
$772/Sq Ft Est. Value

Last Sold October 27, 2021

Last sale price $1,450,000 $656 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $10,527/month

72 Days on Market

Highlights

  • No HOA
  • John Muir High School Rated A-
  • Laundry Room

About This Home

As of October 2021

Live in one unit and rent the other three or rent all four and have a great income producing property. Great location in Pasadena, close to 210 freeway and the Metro Gold Line. Close to Caltech and downtown. Two buildings each with a 2 bedroom and 1 bedroom unit. Bedroom count differs from tax records, buyer to verify. Tax records show front unit built in 1917, back unit built in 1949. Check out the detached 2 car garage for back unit. Private yard area for back unit. Front unit also has private yard. Please see photos (coming soon) for the many upgrades done by sellers. Plenty of off-street parking. Professional photos will be uploaded by end of week.

Last Agent to Sell the Property

Patrick Camp

Greene Light Realty Services License #02082133 Listed on: 07/12/2021

Greene Light Realty Services

Last Buyer's Agent

Alice Shen

Alice Shen, Broker License #01798872

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,629

Year Built

  • Built in 1949

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 2,212 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 44
  • Assessor Parcel Number 5731015026

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Insurance Expense $2,112
  • Trash Expense $700
  • Water Sewer Expense $3,600
  • Operating Expense $9,412
  • Gross Income $102,000
  • Net Operating Income $92,588

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,629

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Price Per Unit: 362500
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: PSR1
  • Property Type: Residential Income
  • Parcel Number: 5731015026
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 655.52

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11003.00
  • Lot Size Acres: 0.2526

Multi Family

  • Electric Expense: 3000.00
  • Gross Operating Income: 102000.00
  • Gross Scheduled Income: 102000.00
  • Insurance Expense: 2112.00
  • Lot Size Area: 11003.0000 Square Feet
  • Net Operating Income: 92588.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 9412.00
  • Rent Control: No
  • Total Expenses: 9412.00

Tax Info

  • Tax Census Tract: 4622.01
  • Tax Lot: 44
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2021
Closed on
Oct 12, 2021
Sold by
Desilva Thusitha Perumadura
Bought by
Chen Joseph and Liu Linda
Seller's Agent
Patrick Camp
Greene Light Realty Services
Buyer's Agent
Alice Shen
Alice Shen, Broker
List Price
$1,699,000
Sold Price
$1,450,000
Premium/Discount to List
-$249,000
-14.66%
Current Estimated Value
$1,654,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,413
Avg. Annual Appreciation
4.40%
Original Mortgage
$1,080,000
Outstanding Balance
$840,983
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$865,930

Purchase Details

Closed on
Aug 2, 2019
Sold by
Desilva Thusitha Perumadura and De Silva Perumadura T D
Bought by
Desilva Thusitha Perumadura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
3.7%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 7, 2005
Sold by
Ramirez Carlos N and Ramirez Gladis G
Bought by
Desilva Perumadura T D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$613,600
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2003
Sold by
Ramirez Carlos N
Bought by
Ramirez Carlos N and Ramirez Gladis G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2003
Sold by
Ramirez Gladis G and Ramirez Gladys G
Bought by
Ramirez Carlos N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2002
Sold by
Gutierrez Gloria
Bought by
Ramirez Carlos N and Ramirez Gladys G

Purchase Details

Closed on
Jul 30, 2001
Sold by
Ramirez Carlos N
Bought by
Ramirez Gladys G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
7.19%

Purchase Details

Closed on
Jun 16, 2001
Sold by
Ramirez Gladys G
Bought by
Gutierrez Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
7.19%

Purchase Details

Closed on
Dec 22, 1999
Sold by
Gutierrez Gloria
Bought by
Ramirez Gladys G

Purchase Details

Closed on
Jun 14, 1999
Sold by
Ramirez Carlos and Guzman Gladis
Bought by
Gutierrez Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,446
Interest Rate
7.64%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 20, 1995
Sold by
Omalley Peter Joseph and Omalley Sheila Reynolds
Bought by
Ramirez Carlos and Guzman Gladis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
7.59%
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
Chen Joseph $1,440,000 California Title Company
Desilva Thusitha Perumadura -- Western Resources Title
Silva Thusitha Perumadura De -- Western Resources Title
Desilva Perumadura T D $767,000 --
Ramirez Carlos N -- --
Ramirez Carlos N -- Ticor Title Company
Ramirez Carlos N -- Ticor Title Company
Ramirez Carlos N -- --
Ramirez Gladys G -- Benefit Land Title
Gutierrez Gloria -- Benefit Land Title
Ramirez Gladys G -- --
Gutierrez Gloria $190,000 South Coast Title
Ramirez Carlos $170,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Joseph $1,080,000
Previous Owner Silva Thusitha Perumadura De $84,000
Previous Owner Silva Thtjsitha Pertjmadura De $30,000
Previous Owner Desilva Perumadura T D $174,000
Previous Owner Ramirez Carlos N $50,000
Previous Owner Desilva Perumadura T D $613,600
Previous Owner Ramirez Carlos N $252,000
Previous Owner Gutierrez Gloria $213,500
Previous Owner Gutierrez Gloria $188,446
Previous Owner Ramirez Carlos $127,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2021 10/27/21 Sold $1,450,000 0.0% $656 / Sq Ft
08/31/2021 08/31/21 Price Changed $1,450,000 -9.4% $656 / Sq Ft
08/05/2021 08/05/21 Price Changed $1,600,000 -3.0% $723 / Sq Ft
08/02/2021 08/02/21 Price Changed $1,650,000 -2.9% $746 / Sq Ft
07/12/2021 07/12/21 For Sale $1,699,000 -- $768 / 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 $17,629 $1,528,138 $1,167,328 $360,810
2024 $17,629 $1,498,176 $1,144,440 $353,736
2023 $17,482 $1,468,800 $1,122,000 $346,800
2022 $17,175 $1,440,000 $1,100,000 $340,000
2021 $11,312 $968,334 $656,501 $311,833
2020 $10,877 $958,406 $649,770 $308,636
2019 $10,900 $939,615 $637,030 $302,585
2018 $10,974 $921,192 $624,540 $296,652
2016 $9,663 $800,000 $541,900 $258,100
2015 $7,666 $620,000 $420,000 $200,000
2014 $7,186 $577,000 $400,000 $177,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21151654

California Regional Multiple Listing Service (CRMLS)

APN: 5731-015-026