Seller's Agent in 2021
Vahe Mkhitaryan
House of Real Estate & Mortgag
(818) 601-0141
1 in this area
30 Total Sales
848 Marcheta St Altadena, CA 91001
Estimated Value: $1,863,437
6
Beds
4
Baths
4,514
Sq Ft
$413/Sq Ft
Est. Value
Highlights
- Corner Lot
- No HOA
- 4-minute walk to Altadena Triangle Park
About This Home
As of July 2021Wonderful investment opportunity value add property in beautiful Altadena. Property is mixed use total of 5 units consisting of 2 separate buildings on 1 lot. Building #1 2468, 2470, 2472, & 2474 El Molino total of 3,264sqft is the residential 4 units. The residential unit mix is Two ( 2 beds 1 bath ) & Two ( 1 bed 1 bath ). All residential units have 1 carport parking space. All residential tenants are on month to month leases and are below market rate. Building #2 848 Marcheta St is the commercial office space that has 4 rooms, 1 bathroom & 1 parking space. 1,250sqft is the commercial office space and it is delivered vacant perfect for an owner operator or to lease out. Bonus income includes coin operated laundry & storage rental. Located one block from the main shopping area of Lake Avenue and Mariposa. Please do not disturb tenants, they are not aware of sale.
Last Agent to Sell the Property
House of Real Estate & Mortgag License #01978765 Listed on: 02/19/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 7,094 Sq Ft Lot
- No Common Walls
- Corner Lot
Home Design
- 4,514 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Assessor Parcel Number 5845018003
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
- Not Applicable 105 Subdivision
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 9, 2016
Sold by
Merino Betty
Bought by
Merino Norman M
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Outstanding Balance
$604,081
Interest Rate
3.58%
Mortgage Type
Commercial
Estimated Equity
$1,259,356
Purchase Details
Closed on
May 2, 2016
Sold by
Merino Norman M
Bought by
Nazerian Sarkis and Nazerian Lucinee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Outstanding Balance
$604,081
Interest Rate
3.58%
Mortgage Type
Commercial
Estimated Equity
$1,259,356
Purchase Details
Closed on
Apr 4, 2013
Sold by
Merino Neil A and Merino Norman M
Bought by
Merino Norman M
Purchase Details
Closed on
Jul 6, 1995
Sold by
Mcclurkin Robert B and The Marion M Yarrow Revocable
Bought by
Merino Alfred and Merino Anita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.61%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Merino Norman M | -- | Chicago Title Company | |
| Nazerian Sarkis | $1,275,000 | Chicago Title Company | |
| Merino Norman M | -- | None Available | |
| Merino Alfred | $275,000 | Equity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nazerian Sarkis | $765,000 | |
| Previous Owner | Merino Alfred | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/09/2021 07/09/21 | Sold | $1,577,500 | -5.8% | $349 / Sq Ft |
| 04/29/2021 04/29/21 | Pending | -- | -- | -- |
| 02/19/2021 02/19/21 | For Sale | $1,675,000 | -- | $371 / 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 | $8,496 | $707,030 | $707,030 | -- |
| 2024 | $19,578 | $1,641,231 | $1,066,410 | $574,821 |
| 2023 | $19,415 | $1,609,050 | $1,045,500 | $563,550 |
| 2022 | $18,755 | $1,577,500 | $1,025,000 | $552,500 |
| 2021 | $16,057 | $1,394,395 | $539,166 | $855,229 |
| 2020 | $15,576 | $1,380,098 | $533,638 | $846,460 |
| 2019 | $15,611 | $1,353,038 | $523,175 | $829,863 |
| 2018 | $15,833 | $1,326,509 | $512,917 | $813,592 |
| 2016 | $5,385 | $385,902 | $140,326 | $245,576 |
| 2015 | $5,332 | $380,107 | $138,219 | $241,888 |
| 2014 | $5,254 | $372,662 | $135,512 | $237,150 |
Source: Public Records
Agents Affiliated with this Home
-
Vahe Mkhitaryan
-
Euna Jee
Buyer's Agent in 2021
Euna Jee
eXp Realty of California Inc
(213) 326-9375
1 in this area
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: 320005044
APN: 5845-018-003
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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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