Y
Seller's Agent in 2015
YY Lin
YY Lin, Broker
(626) 244-4089
865 Wright Ave Pasadena, CA 91104
Orange Heights NeighborhoodEstimated Value: $1,591,000 - $2,557,261
7
Beds
7
Baths
4,085
Sq Ft
$535/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Granite Countertops
- Living Room
- John Muir High School Rated A-
- No HOA
- Laundry Room
About This Home
As of November 2015Unique Investment Opportunity: Four (4) Single-Family Craftsman Style Dwellings in the heart of Pasadena. The property is located in a quiet and safe neighborhood, and is within walking distance to retail locations. Only minutes drive from 210 freeway and Gold Line Metro stop. Provides very stable income, with 100% occupancy.
Each free-standing Bungalow has a private yard with mature landscaping, and either carport or private garage parking. All four units have washer & dryer hook-ups, as well as central air and heating. Kitchens have been upgraded with granite counter tops and 3-out-of-4 units have original hardwood floors. Each separate unit has a separate address: 865, 867, 869 & 871 Wright Avenue.
PLEASE DO NOT DISTURB TENANTS. THANK YOU.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,015
Year Built
- Built in 1914 | Remodeled
Lot Details
- 0.26 Acre Lot
- Property fronts an alley
- No Common Walls
- Northeast Facing Home
- Wood Fence
- Fence is in average condition
- Drip System Landscaping
- Garden
- Back and Front Yard
Parking
- 4 Car Garage
- 3 Attached Carport Spaces
- Parking Available
Home Design
- Bungalow
- Wood Roof
- Wood Siding
- Stucco
Interior Spaces
- 4,085 Sq Ft Home
- Living Room
- Wood Flooring
Kitchen
- Convection Oven
- Gas Oven
- Gas Cooktop
- Granite Countertops
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Utilities
- Central Heating and Cooling System
- Central Water Heater
Additional Features
- Accessible Parking
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, repairs
- Legal Lot and Block 1 / 2
- Tax Tract Number 4621
- Assessor Parcel Number 5731009076
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $4,200
- Insurance Expense $3,920
- Maintenance Expense $2,005
- Trash Expense $1,470
- Water Sewer Expense $2,731
- New Taxes Expense $14,742
- Gross Income $7,565
- Net Operating Income $61,712
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 1, 2015
Closed on
Oct 27, 2015
Sold by
Chiu I Ping
Bought by
The Cordoba Family Living Trust
Seller's Agent
YY Lin
YY Lin, Broker
Buyer's Agent
YY Lin
YY Lin, Broker
List Price
$1,450,000
Sold Price
$1,400,000
Premium/Discount to List
-$50,000
-3.45%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$786,565
Avg. Annual Appreciation
4.64%
Original Mortgage
$799,500
Outstanding Balance
$629,298
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$1,556,169
Purchase Details
Listed on
Aug 24, 2013
Closed on
Nov 6, 2013
Sold by
Prescott Homes Llc
Bought by
Chiu I Ping
Seller's Agent
Kevin Hurley
Keller Williams Realty/Pasadena
Buyer's Agent
YY Lin
YY Lin, Broker
List Price
$1,249,000
Sold Price
$1,237,500
Premium/Discount to List
-$11,500
-0.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$250,000
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 26, 2006
Sold by
Fuqua Kent and Fuqua Pretam
Bought by
Prescott Homes Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Mar 18, 2004
Sold by
Fuqua Pretam
Bought by
Fuqua Kent and Fuqua Pretam
Purchase Details
Closed on
Jan 9, 2004
Sold by
Fuqua Kent
Bought by
Fuqua Pretam
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,200
Interest Rate
5.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 20, 2002
Sold by
Fuqua Kent A and Fuqua Pretam K
Bought by
Fuqua Kent and Fuqua Pretam
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Dec 5, 2001
Sold by
Fuqua Kent A and Fuqua Pretom K
Bought by
The Fuqua Family Trust
Purchase Details
Closed on
Apr 11, 2001
Sold by
Carothers Catherine C and Carothers Francis B
Bought by
Fuqua Kent A and Fuqua Pretam K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.92%
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 |
|---|---|---|---|
| The Cordoba Family Living Trust | $1,332,500 | Fidelity National Title Co | |
| Chiu I Ping | $1,237,500 | None Available | |
| Prescott Homes Llc | $840,000 | Equity Title Company | |
| Fuqua Kent | -- | -- | |
| Fuqua Pretam | -- | Equity Title Company | |
| Fuqua Kent | -- | Southland Title | |
| The Fuqua Family Trust | -- | Southland Title Corporation | |
| Fuqua Kent A | $307,000 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | The Cordoba Family Living Trust | $799,500 | |
| Previous Owner | Chiu I Ping | $250,000 | |
| Previous Owner | Prescott Homes Llc | $650,000 | |
| Previous Owner | Prescott Homes Llc | $540,000 | |
| Previous Owner | Fuqua Kent | $250,000 | |
| Previous Owner | Fuqua Pretam | $361,200 | |
| Previous Owner | Fuqua Kent | $40,000 | |
| Previous Owner | Fuqua Kent | $293,000 | |
| Previous Owner | Fuqua Kent A | $275,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/20/2015 11/20/15 | Sold | $1,400,000 | -3.4% | $343 / Sq Ft |
| 10/13/2015 10/13/15 | Pending | -- | -- | -- |
| 06/01/2015 06/01/15 | For Sale | $1,450,000 | +17.2% | $355 / Sq Ft |
| 12/03/2013 12/03/13 | Sold | $1,237,500 | -0.9% | $312 / Sq Ft |
| 11/07/2013 11/07/13 | Pending | -- | -- | -- |
| 08/24/2013 08/24/13 | For Sale | $1,249,000 | -- | $315 / 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 | $19,015 | $1,657,310 | $1,183,794 | $473,516 |
| 2024 | $19,015 | $1,624,815 | $1,160,583 | $464,232 |
| 2023 | $18,857 | $1,592,957 | $1,137,827 | $455,130 |
| 2022 | $18,210 | $1,561,723 | $1,115,517 | $446,206 |
| 2021 | $17,466 | $1,531,102 | $1,093,645 | $437,457 |
| 2020 | $16,774 | $1,515,404 | $1,082,432 | $432,972 |
| 2019 | $16,818 | $1,485,691 | $1,061,208 | $424,483 |
| 2018 | $17,086 | $1,456,560 | $1,040,400 | $416,160 |
| 2016 | $16,542 | $1,400,000 | $1,000,000 | $400,000 |
| 2015 | $15,043 | $1,261,715 | $968,981 | $292,734 |
| 2014 | $14,742 | $1,237,000 | $950,000 | $287,000 |
Source: Public Records
Agents Affiliated with this Home
-
YY Lin
-
Kevin Hurley
Seller's Agent in 2013
Kevin Hurley
Keller Williams Realty/Pasadena
(310) 872-7176
1 in this area
19 Total Sales
-
M
Seller Co-Listing Agent in 2013
Michael Bell
Sotheby's International Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS15161127
APN: 5731-009-076
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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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