NOT LISTED FOR SALE

Estimated Value: $1,249,000 - $2,121,000

5 Beds
4 Baths
2,894 Sq Ft
$646/Sq Ft Est. Value

Last Sold March 06, 2019

Last sale price $1,630,000 $563 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $11,418/month

26 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of March 2019

This listing is for 4 units in the prestigious area of Madison Heights, Pasadena. This single story property consist of three 1bed + 1bath and one 2bed + 1 bath with patio in the rear. Units are well kept original condition with hardwood floors with front and rear entry, 5 garage parking, laundry on premise, individual water heaters, pitch roof on a raised foundation for easy maintenance. Rents are very low for this area. City of Pasadena is non rent control. Zoning is RM 32.

Last Agent to Sell the Property

Matt Ly

Coldwell Banker Realty License #01441481 Listed on: 01/04/2019

Coldwell Banker Realty

Last Buyer's Agent

Allen Shi

Wetrust Realty License #02045433

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 10,011 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,894 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Leased Washer and Dryer

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 4640
  • Assessor Parcel Number 5720025003

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $102
  • Insurance Expense $1,800
  • Trash Expense $1,089
  • Water Sewer Expense $900
  • New Taxes Expense $20,625
  • Operating Expense $24,516
  • Gross Income $69,540
  • Net Operating Income $45,024

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: PSR3
  • Property Type: Residential Income
  • Parcel Number: 5720025003
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 563.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1089.00
  • 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: 2-5 Units/Acre
  • Lot Size Sq Ft: 10011.00
  • Lot Size Acres: 0.2298

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Fuel Expense: 102.00
  • Gross Income: 69540.00
  • Gross Scheduled Income: 69540.00
  • Insurance Expense: 1800.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 67.00
  • Lot Size Area: 10011.0000 Square Feet
  • Net Operating Income: 45024.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 24516.00
  • Rent Control: No
  • Total Actual Rent: 5795.00
  • Total Expenses: 24516.00

Tax Info

  • New Taxes Expense: 20625.00
  • Tax Census Tract: 4640.00
  • Tax Lot: 3
  • Tax Tract Number: 4640

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2019
Closed on
Feb 1, 2019
Sold by
Mills Mills Thomas Clayton Thomas Clayton and Mills Ireland Peggy Joanne
Bought by
814 Magnolia Llc
Seller's Agent
Matt Ly
Coldwell Banker Realty
Buyer's Agent
Allen Shi
Wetrust Realty
List Price
$1,650,000
Sold Price
$1,630,000
Premium/Discount to List
-$20,000
-1.21%
Current Estimated Value
$1,869,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,552
Avg. Annual Appreciation
2.01%

Purchase Details

Closed on
Dec 1, 2016
Sold by
Mills Beverley Jeanne
Bought by
Mills Beverley Jeanne and Mills Eric R

Purchase Details

Closed on
Jul 10, 2013
Sold by
Mills Clayton Thomas
Bought by
Mills Clayton Thomas and Mills Beverley Jeanne

Purchase Details

Closed on
Jun 4, 1997
Sold by
Mills Clayton T
Bought by
Mills Clayton Thomas and Mills Beverley Jeanne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
814 Magnolia Llc $1,630,000 Lawyers Title
Mills Beverley Jeanne -- None Available
Mills Beverley Jeanne -- None Available
Mills Clayton Thomas -- None Available
Mills Clayton Thomas -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2019 03/06/19 Sold $1,630,000 -1.2% $563 / Sq Ft
01/30/2019 01/30/19 Pending -- -- --
01/25/2019 01/25/19 For Sale $1,650,000 0.0% $570 / Sq Ft
01/21/2019 01/21/19 Pending -- -- --
01/04/2019 01/04/19 For Sale $1,650,000 -- $570 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,398 $1,271,689 $1,271,689 --
2024 $20,398 $1,782,638 $1,246,754 $535,884
2023 $20,226 $1,747,685 $1,222,308 $525,377
2022 $19,785 $1,713,418 $1,198,342 $515,076
2021 $18,983 $1,679,823 $1,174,846 $504,977
2019 $3,292 $211,206 $79,091 $132,115
2018 $3,171 $207,066 $77,541 $129,525
2016 $3,025 $199,028 $74,531 $124,497
2015 $2,989 $196,039 $73,412 $122,627
2014 $2,964 $192,199 $71,974 $120,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18288503

California Regional Multiple Listing Service (CRMLS)

APN: 5720-025-003