Seller's Agent in 2019
Dean Griffith
Coldwell Banker Realty
(626) 445-5500
72 Total Sales
863 N Madison Ave Pasadena, CA 91104
Orange Heights NeighborhoodEstimated Value: $2,275,000 - $2,508,721
11
Beds
6
Baths
5,198
Sq Ft
$460/Sq Ft
Est. Value
Highlights
- 0.36 Acre Lot
- Property is near a park
- Lawn
- John Muir High School Rated A-
- Traditional Architecture
- Double Pane Windows
About This Home
As of February 2019Do not miss this excellent opportunity for this 7-unit Pasadena investment property with NO rent control. On the market for the first time in 25+ years, this property features six 2-bed, 1-bath units and one 1-bed, 1-bath unit. 3 of the units are detached and free-standing with their own private yards. There are 8 covered parking spaces (7 carports + 1 garage) and an additional 6 uncovered parking stalls. Units feature interior laundry hook ups, newer windows, laminate flooring, and updated kitchens & baths. This property will not last! Please do not disturb occupants and do not enter the property. Call the listing agent for more details.
Last Agent to Sell the Property
Coldwell Banker Realty License #01452542 Listed on: 01/17/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,000
Year Built
- Built in 1907
Lot Details
- 0.36 Acre Lot
- Lot Dimensions are 74 x0214
- 1 Common Wall
- Landscaped
- Rectangular Lot
- Level Lot
- Lawn
Parking
- 1 Car Garage
- 6 Open Parking Spaces
- 7 Carport Spaces
- Parking Available
- Assigned Parking
Home Design
- Traditional Architecture
- Apartment
- Composition Roof
- Stucco
Interior Spaces
- 5,198 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Laminate Flooring
- Laundry Room
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Location
- Property is near a park
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Wall Furnace
Listing and Financial Details
- Tax Lot 8
- Assessor Parcel Number 5731001011
Community Details
Overview
- 5 Buildings
- 7 Units
Building Details
- 7 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,650
- Insurance Expense $3,130
- Maintenance Expense $2,985
- Trash Expense $6,570
- Water Sewer Expense $2,935
- New Taxes Expense $26,000
- Operating Expense $43,619
- Gross Income $144,780
- Net Operating Income $101,161
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 8, 2021
Sold by
Yee Judy M L
Bought by
Baohausla Investment Llc
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
$1,000,000
Outstanding Balance
$911,270
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$1,524,493
Purchase Details
Listed on
Jan 17, 2019
Closed on
Jan 30, 2019
Sold by
Jebbia Dennis A and Hollady Ernest A
Bought by
Yee Ben Wai and Yee Judy M L
Seller's Agent
Dean Griffith
Coldwell Banker Realty
Buyer's Agent
Chloe Chan
Pinnacle Real Estate Group
List Price
$2,095,000
Sold Price
$2,000,000
Premium/Discount to List
-$95,000
-4.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.04%
Purchase Details
Closed on
Jun 9, 1995
Sold by
Sullo Arthur A and Sullo Family Trust
Bought by
Jebbia Dennis A and Hollady Ernest A
Purchase Details
Closed on
Oct 18, 1993
Sold by
Select Homes & Investments
Bought by
Select Homes & Investments and Sullo Family Trust
Purchase Details
Closed on
Aug 5, 1993
Sold by
Brown Mary
Bought by
Select Homes & Investments
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 |
|---|---|---|---|
| Baohausla Investment Llc | $2,000,000 | Lawyers Title Company | |
| Yee Ben Wai | $2,000,000 | Equity Title | |
| Jebbia Dennis A | -- | -- | |
| Select Homes & Investments | $12,500 | -- | |
| Select Homes & Investments | -- | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Baohausla Investment Llc | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/15/2019 02/15/19 | Sold | $2,000,000 | -4.5% | $385 / Sq Ft |
| 01/25/2019 01/25/19 | Pending | -- | -- | -- |
| 01/17/2019 01/17/19 | For Sale | $2,095,000 | -- | $403 / 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 | $24,649 | $2,122,415 | $1,485,691 | $636,724 |
| 2024 | $24,649 | $2,080,800 | $1,456,560 | $624,240 |
| 2023 | $24,443 | $2,040,000 | $1,428,000 | $612,000 |
| 2022 | $23,611 | $2,000,000 | $1,400,000 | $600,000 |
| 2021 | $23,719 | $2,061,133 | $1,648,907 | $412,226 |
| 2020 | $22,788 | $2,040,000 | $1,632,000 | $408,000 |
| 2019 | $6,230 | $426,606 | $251,393 | $175,213 |
| 2018 | $6,069 | $418,242 | $246,464 | $171,778 |
| 2016 | $5,807 | $402,003 | $236,895 | $165,108 |
| 2015 | $5,739 | $395,965 | $233,337 | $162,628 |
| 2014 | $5,682 | $388,210 | $228,767 | $159,443 |
Source: Public Records
Agents Affiliated with this Home
-
Dean Griffith
-
Chloe Chan
Buyer's Agent in 2019
Chloe Chan
Pinnacle Real Estate Group
(626) 466-8900
44 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR19013059
APN: 5731-001-011
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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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