NOT LISTED FOR SALE

864 E Elizabeth St Pasadena, CA 91104

Normandie Heights Neighborhood
4 Beds
5 Baths
2,895 Sq Ft
7,971 Sq Ft Lot

Last Sold October 30, 2017

Last sale price $1,025,000 $354 Per Sq Ft

78 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Wood Flooring
  • Heating System Uses Natural Gas

About This Home

As of October 2017

Great investment opportunity to own five units on a wonderful tree lined street in Pasadena. Property features two studios, two one bedrooms and one, two bedroom unit. Completing this property is a long driveway, newer roof, three units recently repainted, two car attached garage with an additional one car attached garage. With an ideal location in close proximity to dining, shopping and public transportation an opportunity like this doesn't come up often! Current rents are $5,555 a month $66,660 a year.

Last Agent to Sell the Property

Hilda Hernandez

Berkshire Hathaway Home Servic License #01218052 Listed on: 07/13/2017

Berkshire Hathaway Home Servic

Last Buyer's Agent

Armen Simonian

Keller Williams R. E. Services License #00931297

Keller Williams R. E. Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,971 Sq Ft Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Midcentury Modern Architecture
  • Traditional Architecture
  • Property Attached
  • Raised Foundation
  • Stucco

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Private Water Source

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Assessor Parcel Number 5848019012

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $66,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: PSR6
  • Architectural Style: Mid Century Modern, Traditional
  • Property Type: Residential Income
  • Parcel Number: 5848019012
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Levels: One

Exterior Features

  • Foundation: Raised
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Other, Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7971.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Gas, Other, Trash Collection

Multi Family

  • Gross Income: 66000.00
  • Gross Multiplier: 16.95
  • Lot Size Area: 7971.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Total Actual Rent: 5555.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2017 10/30/17 Sold $1,025,000 -8.4% $354 / Sq Ft
09/29/2017 09/29/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $1,119,000 +114.2% $387 / Sq Ft
02/17/2012 02/17/12 Sold $522,500 0.0% $180 / Sq Ft View Prior Sale
02/17/2012 02/17/12 Pending -- -- --
02/09/2011 02/09/11 For Sale $522,500 -- $180 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Hilda Hernandez

    Seller's Agent in 2017

    Hilda Hernandez

    Berkshire Hathaway Home Servic

    (626) 536-1485

    1 in this area

    81 Total Sales

    Hilda Hernandez
    Section Image
  • Armen Simonian

    Buyer's Agent in 2017

    Armen Simonian

    Keller Williams R. E. Services

    (818) 432-3200

    14 Total Sales

    Armen Simonian
    Section Image

  • D

    Seller's Agent in 2012

    Dominic deFazio

    COMPASS

    Section Image
  • Hem-young deFazio

    Seller Co-Listing Agent in 2012

    Hem-young deFazio

    COMPASS

    (626) 825-5599

    12 Total Sales

    Hem-young deFazio
    Section Image
See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-817000750

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Pasadena 91104 Normandie Heights

864 E Elizabeth St, Pasadena, CA

Not Listed for Sale

MultiFamily

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