Seller's Agent in 2023
Lina Zhang
RE/MAX
2 in this area
36 Total Sales
757 N El Molino Ave Pasadena, CA 91104
Orange Heights NeighborhoodEstimated Value: $790,000 - $2,351,860
8
Beds
4
Baths
2,852
Sq Ft
$599/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Central Heating
- John Muir High School Rated A-
- Garden
- 1-Story Property
About This Home
As of June 2023An excellent 4-plex with three Spanish bungalows and one craftsman home, all 2 Beds + 1 bath and with great current actual rents. A few year ago Each home was completely remodeled including all new kitchens & appliances, recessed lighting, new plumbing, new electrical, central A/C and heat, bolted foundations, washer/dryers in units and two with tankless water heaters. The remodeling took time, was done with permits and care was given to the details so as to preserve the original character and charm of these homes. Situated on a spacious lot, there is on-site gated parking ( total 6 parking space), outdoor yard space, drought tolerant landscaping with drip irrigation. All units have in-unit washer and dryers! A fourplex in a strong location, with an attractive Cap rate is not common, so this investment opportunity should not be missed. There is still upside on the rent! PLEASE DO NOT GO ONTO PROPERTY OR DISTURB TENANTS.
Last Agent to Sell the Property
RE/MAX PREMIER/SANMARINO License #01188114 Listed on: 04/17/2023
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $23,026
Year Built
- Built in 1928
Lot Details
- 9,507 Sq Ft Lot
- No Common Walls
- Garden
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,852 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Assigned Parking
Additional Features
- Exterior Lighting
- Central Heating
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Tax Lot 4
- Assessor Parcel Number 5731008042
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 4 Units
Building Details
- Rent Control
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,800
- Insurance Expense $2,800
- Water Sewer Expense $3,024
- Operating Expense $7,624
- Gross Income $115,380
- Net Operating Income $107,756
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 17, 2023
Closed on
Jun 13, 2023
Sold by
Xue Mengkai
Bought by
Dtn Llc
Seller's Agent
Lina Zhang
RE/MAX PREMIER/SANMARINO
Buyer's Agent
Trai Dinh Ho
REAL ESTATE EBROKER INC.
List Price
$1,990,000
Sold Price
$1,965,000
Premium/Discount to List
-$25,000
-1.26%
Views
89
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
-$256,035
Avg. Annual Appreciation
-6.04%
Purchase Details
Closed on
Jun 1, 2020
Sold by
Kong Raymond Charles and Molina Johanna
Bought by
Xue Mengkai
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$942,000
Interest Rate
4.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 20, 2016
Sold by
Kong Raymond C and Molina Johanna
Bought by
Molina Kong Living Trust
Purchase Details
Listed on
Oct 10, 2015
Closed on
Nov 25, 2015
Sold by
Castaneda John A and John A Castaneda Revocable Tru
Bought by
Kong Raymond and Molina Johanna
Seller's Agent
Lori Alvarez
REAL ESTATE RESOLVED
Buyer's Agent
Daniel Morgan
Marterra Real Estate
List Price
$850,000
Sold Price
$803,700
Premium/Discount to List
-$46,300
-5.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$465,000
Interest Rate
3.83%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 4, 2008
Sold by
Castenada John A
Bought by
Castaneda John A and The John A Castaneda Revocable
Purchase Details
Closed on
Jan 24, 2007
Sold by
Castaneda John A and Trinka Family Trust
Bought by
Castaneda John A
Purchase Details
Closed on
May 24, 1996
Sold by
Trinka Laura
Bought by
Trinka Laura C and Trinka Family Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dtn Llc | $1,965,000 | California Best Title | |
| Xue Mengkai | $1,570,000 | North American Title Company | |
| Molina Kong Living Trust | -- | None Available | |
| Kong Raymond | $804,000 | First American Title Co | |
| Castaneda John A | -- | None Available | |
| Castaneda John A | -- | None Available | |
| Trinka Laura C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Xue Mengkai | $942,000 | |
| Previous Owner | Kong Raymond Charles | $780,000 | |
| Previous Owner | Kong Raymond | $465,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/22/2023 06/22/23 | Sold | $1,965,000 | -1.3% | $689 / Sq Ft |
| 05/29/2023 05/29/23 | Pending | -- | -- | -- |
| 04/18/2023 04/18/23 | For Sale | $1,990,000 | +1.3% | $698 / Sq Ft |
| 04/17/2023 04/17/23 | Off Market | $1,965,000 | -- | -- |
| 07/28/2017 07/28/17 | Rented | $1,900 | -5.0% | -- |
| 06/21/2017 06/21/17 | Price Changed | $2,000 | -9.1% | $3 / Sq Ft |
| 05/24/2017 05/24/17 | For Rent | $2,200 | 0.0% | -- |
| 12/17/2015 12/17/15 | Sold | $803,700 | -5.4% | $282 / Sq Ft |
| 11/07/2015 11/07/15 | Pending | -- | -- | -- |
| 10/10/2015 10/10/15 | For Sale | $850,000 | -- | $298 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $23,026 | $2,044,385 | $1,532,509 | $511,876 |
| 2024 | $23,026 | $2,004,300 | $1,502,460 | $501,840 |
| 2023 | $19,348 | $1,650,347 | $1,019,641 | $630,706 |
| 2022 | $18,682 | $1,617,989 | $999,649 | $618,340 |
| 2021 | $17,923 | $1,586,265 | $980,049 | $606,216 |
| 2020 | $10,140 | $885,130 | $649,458 | $235,672 |
| 2019 | $10,163 | $867,775 | $636,724 | $231,051 |
| 2018 | $10,282 | $850,761 | $624,240 | $226,521 |
| 2016 | $9,787 | $804,000 | $600,000 | $204,000 |
| 2015 | $1,288 | $45,437 | $13,641 | $31,796 |
| 2014 | $1,302 | $44,548 | $13,374 | $31,174 |
Source: Public Records
Agents Affiliated with this Home
-
Lina Zhang
-
Xiao Cash Li
X
Seller Co-Listing Agent in 2023
Xiao Cash Li
SoCal Premier Properties
(626) 386-7888
1 in this area
54 Total Sales
-
Trai Dinh Ho
Buyer's Agent in 2023
Trai Dinh Ho
REAL ESTATE EBROKER INC.
(818) 649-4414
1 in this area
3 Total Sales
-
Brian Gordon
Seller's Agent in 2017
Brian Gordon
Lotus Property Services, Inc.
(626) 582-8001
16 Total Sales
-
Lee Markus Alli
L
Buyer's Agent in 2017
Lee Markus Alli
Exquisite Estates, Inc.
(626) 991-2300
16 Total Sales
-
Lori Alvarez
Seller's Agent in 2015
Lori Alvarez
REAL ESTATE RESOLVED
(909) 551-3144
199 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS23064306
APN: 5731-008-042
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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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