NOT LISTED FOR SALE

827 E Washington Blvd Pasadena, CA 91104

Normandie Heights Neighborhood

Estimated Value: $2,998,000 - $3,453,194

9 Beds
8 Baths
4,410 Sq Ft
$731/Sq Ft Est. Value

Last Sold October 13, 2017

Last sale price $1,850,000 $420 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $19,360/month

238 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Floor Furnace
  • 16,402 Sq Ft lot
  • Cooling System Mounted To A Wall/Window
  • 4-minute walk to Washington Park

About This Home

As of October 2017

No Rent Control!! 8 Units on Large (16,402 Sq. Ft) Lot in Re-Developing Area of Pasadena. Centrally located and Across from Busy Shopping Center including a Food 4 less Supermarket and large Laundromat.
Zoned PSC for Commercial/Stores/Residential Mixed Use High Density RM 32 Multi Family and CL ( Stores). All Information Provided to be Verified by Buyer and Buyer’s Broker As to Permitted Uses From City of Pasadena Planning Department.
6 Units Have Separate Meters for Electricity, Water and Gas. Front Two Units are a Duplex and are on Master Meter. There’s One Two Bedroom Unit. Long Term Tenants.Great Rental Demand Area.Rarely a Vacancy. Tenants are on Month to Month. Rents are Below Market and can be Substantially Increased. Current Market Rents Indicate Potential $136,000 Gross Rent.
Units Are Spacious and In Good Condition, with New Tile and/ Or Laminate Flooring. Three Garages and 5 Parking Spaces in Carport.

Last Agent to Sell the Property

Fere Haddad

ACREAGE REAL ESTATE License #01220577 Listed on: 12/14/2016

Co-Listed By

Simone McCue

Pacific Realty Center License #00813779

Last Buyer's Agent

Fere Haddad

ACREAGE REAL ESTATE License #01220577 Listed on: 12/14/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 0.38 Acre Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 3 Car Garage

Property Views

  • City Lights
  • Neighborhood

Home Design

  • 4,410 Sq Ft Home
  • Property Attached
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 4615
  • Assessor Parcel Number 5848028008

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 8 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Operating Expense $38,532
  • Gross Income $99,840
  • Net Operating Income $61,308

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Zoning: PSC-
  • Property Type: Residential Income
  • Parcel Number: 5848028008
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 419.50

Exterior Features

  • View: City Lights, Neighborhood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Floor Furnace, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 16402.00

Multi Family

  • Gross Income: 99840.00
  • Gross Scheduled Income: 99840.00
  • Net Operating Income: 61308.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 8
  • Operating Expense: 38532.00
  • Rent Control: No
  • Total Expenses: 38532.00

Tax Info

  • Tax Census Tract: 4615.01
  • Tax Lot: 1
  • Tax Tract Number: 4615

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2020
Sold by
Gg 827 Washington Street Apartments
Bought by
Astourian Zareh Garabed and Astourian Mary Sossy
Current Estimated Value
$3,225,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,630,000
Outstanding Balance
$864,409
Interest Rate
3.1%
Estimated Equity
$2,361,188

Purchase Details

Listed on
Dec 14, 2016
Closed on
Sep 7, 2017
Sold by
Honarmand Hossein and Kambod Hadi
Bought by
Gg 827 Washington Street Apartments Llc
Seller's Agent
Fere Haddad
ACREAGE REAL ESTATE
Buyer's Agent
Fere Haddad
ACREAGE REAL ESTATE
List Price
$1,988,800
Sold Price
$1,850,000
Premium/Discount to List
-$138,800
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
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
10/13/2017 10/13/17 Sold $1,850,000 -7.0% $420 / Sq Ft
08/09/2017 08/09/17 Pending -- -- --
12/14/2016 12/14/16 For Sale $1,988,800 -- $451 / 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 $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

  • Fere Haddad

    Seller's Agent in 2017

    Fere Haddad

    ACREAGE REAL ESTATE

    (626) 373-1670

    5 Total Sales

    Fere Haddad
    Section Image

  • S

    Seller Co-Listing Agent in 2017

    Simone McCue

    Pacific Realty Center

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16764129

California Regional Multiple Listing Service (CRMLS)

APN: 5848-028-008

California Los Angeles County Pasadena 91104 Normandie Heights

827 E Washington Blvd, Pasadena, CA

Not Listed for Sale

MultiFamily

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