NOT LISTED FOR SALE

827 E Washington Blvd Pasadena, CA 91104

Normandie Heights Neighborhood

Estimated Value: $2,891,000 - $3,436,176

9 Beds
8 Baths
4,410 Sq Ft
$717/Sq Ft Est. Value

Last Sold August 03, 2020

Last sale price $2,400,000 $544 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $19,019/month

278 Days on Market

Highlights

  • 16,402 Sq Ft lot
  • 1-Story Property
  • 4-minute walk to Washington Park
  • John Muir High School Rated A-

About This Home

As of August 2020

We are proud to present 8-units (plus 1-non-conforming studio) located at 827 E Washington Boulevard in Pasadena, California. The property is comprised of four separate bungalow-style buildings with an excellent unit mix of 7- 1 bedroom/1 bathroom, 1- 2 bedroom/1 bathroom and 1- non-conforming studio units. The offering is situated on a large 16,469 square foot lot with 4,410 square feet of gross rentable area and has been extensively remodeled throughout in 2018. With the recent drop in interest rates, an investor can acquire rates as low as 3.85% with a down payment of only 30% ($795,000), which will yield a total return of nearly 9%.Some renovations include: new landscaping, new sprinkler system, new asphalt driveway, new fencing, dual pane windows throughout, high-end stainless steel appliances, new flooring, new cabinets, new doors, fresh paint, new roof, new garage doors, new LED lighting, etc.

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 09/20/2019

Last Buyer's Agent

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 09/20/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,520

Year Built

  • Built in 1941

Lot Details

  • 0.38 Acre Lot

Parking

  • 8 Parking Spaces

Interior Spaces

  • 4,410 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Community Details

  • 4 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5848-028-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,520

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4410
  • Stories: 1
  • Year Built: 1941
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 565.76

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 8

Lot Info

  • Assessed Improvement Value: 340561
  • Assessed Land Value: 709519
  • Assessor Parcel Number: 5848-028-008
  • Geocode Override: No
  • Lot Size Area: 16402

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 12.68
  • Number Of Units: 8
  • Type Of Units: Standard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2019
Closed on
Jul 28, 2020
Sold by
Gg 827 Washington Street Apartments
Bought by
Astourian Zareh Garabed and Astourian Mary Sossy
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Filip Niculete
Marcus & Millichap
List Price
$2,495,000
Sold Price
$2,400,000
Premium/Discount to List
-$95,000
-3.81%
Current Estimated Value
$3,163,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$763,588
Avg. Annual Appreciation
5.41%
Original Mortgage
$1,630,000
Outstanding Balance
$864,409
Interest Rate
3.1%
Estimated Equity
$2,299,179

Purchase Details

Closed on
Sep 7, 2017
Sold by
Honarmand Hossein and Kambod Hadi
Bought by
Gg 827 Washington Street Apartments Llc

Purchase Details

Closed on
Feb 11, 2011
Sold by
Kambod Hadi
Bought by
Kambod Hadi

Purchase Details

Closed on
Mar 8, 2007
Sold by
Honarmand Hossein
Bought by
Kambod Hadi and Honarmand Hossein

Purchase Details

Closed on
Jun 26, 2001
Sold by
Kambod Hadi
Bought by
Honarmand Hossein
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Astourian Zareh Garabed $2,400,000 Old Republic Title Company
Gg 827 Washington Street Apartments Llc $1,850,000 Ortc
Kambod Hadi -- None Available
Kambod Hadi -- None Available
Honarmand Hossein -- Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Astourian Zareh Garabed $1,630,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2020 08/03/20 Sold $2,400,000 -3.8% $544 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $2,495,000 0.0% $566 / Sq Ft
03/06/2020 03/06/20 Pending -- -- --
02/26/2020 02/26/20 Price Changed $2,495,000 -2.2% $566 / Sq Ft
02/20/2020 02/20/20 For Sale $2,550,000 0.0% $578 / Sq Ft
02/04/2020 02/04/20 Pending -- -- --
01/07/2020 01/07/20 For Sale $2,550,000 0.0% $578 / Sq Ft
01/06/2020 01/06/20 Pending -- -- --
11/26/2019 11/26/19 Price Changed $2,550,000 -1.7% $578 / Sq Ft
10/28/2019 10/28/19 For Sale $2,595,000 0.0% $588 / Sq Ft
10/28/2019 10/28/19 Price Changed $2,595,000 -1.9% $588 / Sq Ft
10/17/2019 10/17/19 Pending -- -- --
09/20/2019 09/20/19 For Sale $2,645,000 -- $600 / Sq Ft
Source: The MLS

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 $29,520 $2,597,835 $1,840,134 $757,701
2024 $29,520 $2,546,898 $1,804,053 $742,845
2023 $29,274 $2,496,960 $1,768,680 $728,280
2022 $28,267 $2,448,000 $1,734,000 $714,000
2021 $27,117 $2,400,000 $1,700,000 $700,000
2020 $21,354 $1,924,740 $1,347,318 $577,422
2019 $21,478 $1,887,000 $1,320,900 $566,100
2018 $21,726 $1,850,000 $1,295,000 $555,000
2017 $12,961 $1,050,080 $709,519 $340,561
2016 $12,667 $1,029,491 $695,607 $333,884
2015 $12,525 $1,014,028 $685,159 $328,869
2014 $12,280 $994,165 $671,738 $322,427
Source: Public Records

Agents Affiliated with this Home

  • Filip Niculete

    Seller's Agent in 2020

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    101 Total Sales

    Filip Niculete
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 19-513190

The MLS

APN: 5848-028-008

California Los Angeles County Pasadena 91104 Normandie Heights

827 E Washington Blvd, Pasadena, CA

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 MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes