NOT LISTED FOR SALE

753 Garfield Ave Pasadena, CA 91104

Orange Heights Neighborhood
7 Beds
5 Baths
4,061 Sq Ft
0.25 Acres

Last Sold May 16, 2024

Last sale price $1,350,000 $332 Per Sq Ft

315 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Laundry Room
  • John Muir High School Rated A-
  • No HOA
  • Central Heating and Cooling System

About This Home

As of May 2024

Four large units with lots of upside potential. Front building is a 2 story bungalow style with two - 2 bedroom units. One has 2 baths. The other 1 bath. Rear building has two- 3 bedroom / 2 bath units with central air. Both rear units are owner occupied. 4 carports & 1 car garage detached. On two parcels of land. Offering 75 foot frontage. See plat map in supplements. Zoned RM12. Separate water heaters and gas /electric meters. Large basement used for storage. Some Copper plumbing. 2 units will be delivered vacant.

Last Agent to Sell the Property

Enrique Liza

COMPASS Brokerage Phone: 626-818-0980 License #00691382 Listed on: 04/19/2023

COMPASS

Last Buyer's Agent

Negin Stern

LeMark Realty License #01729055

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot
  • 5725022013

Parking

  • 3 Open Parking Spaces
  • 5 Car Garage

Home Design

  • Contemporary Architecture
  • Bungalow
  • Quadruplex
  • Flat Roof Shape
  • Stone Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,061 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 4620
  • Assessor Parcel Number 5725022029

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,204
  • Trash Expense $2,100
  • Water Sewer Expense $2,820
  • New Taxes Expense $17,812
  • Operating Expense $24,936
  • Gross Income $19,200
  • Net Operating Income $6,312

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 0.44
  • Price Per Unit: 356250
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 2820.00
  • Zoning: RM-12
  • Architectural Style: Bungalow, Contemporary
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5725022029
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: living room
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Vinyl, Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 332.43

Exterior Features

  • Foundation: Slab, Stone
  • Pool Private: No
  • Roof: Composition, Flat, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2100.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5725022013
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 11043.00
  • Lot Size Acres: 0.2535

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 19200.00
  • Gross Multiplier: 74.22
  • Gross Operating Income: 18624.00
  • Gross Scheduled Income: 19200.00
  • Insurance Expense: 2204.00
  • Lot Size Area: 11043.0000 Square Feet
  • Net Operating Income: 6312.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 1
  • Operating Expense: 24936.00
  • Rent Control: Yes
  • Total Actual Rent: 1600.00
  • Total Expenses: 24936.00
  • Vacancy Allowance: 576
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17812.00
  • Tax Census Tract: 4620.01
  • Tax Lot: 12
  • Tax Tract Number: 4620

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2024 05/16/24 Sold $1,350,000 -5.3% $332 / Sq Ft
02/28/2024 02/28/24 Pending -- -- --
10/16/2023 10/16/23 Price Changed $1,425,000 -1.7% $351 / Sq Ft
08/14/2023 08/14/23 Price Changed $1,450,000 -3.3% $357 / Sq Ft
04/19/2023 04/19/23 For Sale $1,500,000 -- $369 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Enrique Liza

    Seller's Agent in 2024

    Enrique Liza

    COMPASS

    (626) 818-0980

    2 in this area

    76 Total Sales

    Enrique Liza
    Section Image
  • Negin Stern

    Buyer's Agent in 2024

    Negin Stern

    LeMark Realty

    (800) 936-0529

    2 in this area

    39 Total Sales

    Negin Stern
    Section Image
  • Pui Ching Tsui

    Buyer's Agent in 2024

    Pui Ching Tsui

    LeMark Realty

    (626) 283-7590

    2 in this area

    28 Total Sales

    Pui Ching Tsui
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF23032938

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91104 Orange Heights

753 Garfield Ave, Pasadena, CA

This home is located at 753 Garfield Ave, Pasadena, CA 91104 since 19 April 2023. This property was built in 1959. 753 Garfield Ave is a home located in Los Angeles County with nearby schools including Madison Elementary School, Octavia E. Butler Magnet, and John Muir High School.

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.

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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