NOT LISTED FOR SALE

Estimated Value: $2,154,000 - $2,449,098

11 Beds
6 Baths
5,198 Sq Ft
$443/Sq Ft Est. Value

Sale Details

Date Sold: February 15, 2019

Last sale price $2,000,000 $385 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $12,744 / mo

8 Days on Market

Highlights

  • 0.36 Acre Lot
  • Traditional Architecture
  • Double Pane Windows
  • Property is near park
  • Lawn
  • Landscaped

About This Home

As of February 2019

Do 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

Dean Griffith

Coldwell Banker Realty License #01452542 Listed on: 01/17/2019

Coldwell Banker Realty

Last Buyer's Agent

Chloe Chan

Pinnacle Real Estate Group License #01863279

Pinnacle Real Estate Group

Range of Values:

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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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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,000

Year Built

  • Built in 1907

Lot Details

  • 15,837 Sq Ft 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 in unit

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Location

  • Property is near 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

Amenities

  • Laundry Facilities

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,000

Year Built

Built in 1907

Lot Details

0.36 Acres

Parking

1

Listing Details

  • CapRate: 4.83
  • Property Attached: Yes
  • Water Sewer Expenses: 2935.00
  • Zoning: PSR6
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1650.00
  • Parcel Number: 5731001011
  • Year Built: 1907
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Levels: One
  • Price Per Square Foot: 384.76
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 7.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Garage, Uncovered
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 6570.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Lot 10000-19999 Sqft, Rectangular Lot, Level, Park Nearby
  • Lot Size: 74 x0214
  • Lot Size Sq Ft: 15837.00
  • Lot Size Acres: 0.3636

Multi Family

  • Gross Income: 144780.00
  • Gross Scheduled Income: 144780.00
  • Insurance Expense: 3130.00
  • Lot Size Area: 15837.0000 Square Feet
  • Maintenance Expense: 2985.00
  • Net Operating Income: 101161.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 43619.00
  • Rent Control: No
  • Total Actual Rent: 12065.00
  • Total Expenses: 43619.00

Tax Info

  • New Taxes Expense: 26000.00
  • Tax Census Tract: 4621.00
  • Tax Lot: 8
  • Tax Annual Amount: 26000.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2021
Sold by
Yee Judy M L
Bought by
Current Estimated Value
$2,301,549

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
Interest Rate
2.9%
Mortgage Type
Commercial

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
1.88%

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Orange Heights, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,000,000 Lawyers Title
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,235,000
Closed Baohausla Investment Llc $1,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,270 $97,333 $25,114 $72,219
2025 $1,270 $95,425 $24,622 $70,803
2023 $1,200 $91,721 $23,667 $68,054
2022 $1,184 $89,923 $23,203 $66,720
2021 $1,152 $88,161 $22,749 $65,412
2020 $1,147 $87,258 $22,516 $64,742
2019 $1,104 $85,548 $22,075 $63,473
2018 $1,081 $83,872 $21,643 $62,229
2017 $1,063 $82,228 $21,219 $61,009
2016 $1,028 $80,616 $20,803 $59,813
2015 $1,013 $79,406 $20,491 $58,915
2014 $992 $77,851 $20,090 $57,761
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR19013059

California Regional Multiple Listing Service (CRMLS)

APN: 5731-001-011

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