NOT LISTED FOR SALE

Estimated Value: $1,278,000 - $1,916,744

3 Beds
3 Baths
2,098 Sq Ft
$703/Sq Ft Est. Value

Last Sold May 18, 2023

Last sale price $1,150,000 $548 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $10,242/month

13 Days on Market

Highlights

  • City Lights View
  • Laundry Room
  • Central Heating and Cooling System
  • No HOA

About This Home

As of May 2023

This beautifully remodeled triplex sits on a huge lot with plenty of parking space. Each unit has new kitchen cabinets and quartz countertops. All plumbing and electrical has been updated and permitted with new HVAC and tankless water heaters. All bathrooms have been upgraded with new tile, vanities, toilets and fixtures. There are hardwood floors with recessed lighting throughout all the units. The stucco and roof are also redone. Downstairs unit 102 has a kitchen and upstairs bedroom loft. Located minutes away from Old Town Pasadena and the Rose Bowl, location is everything and this investment has it all. ZONED CL SP-1b. Zoned for commercial, multi units and mixed use. Come take a look at this great investment opportunity while you can!

Last Agent to Sell the Property

Robby Moon

Moon Realty License #01958214 Listed on: 03/10/2023

Last Buyer's Agent

Robby Moon

Moon Realty License #01958214 Listed on: 03/10/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 5,928 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex

Interior Spaces

  • 2,098 Sq Ft Home
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 53
  • Tax Tract Number 6
  • Assessor Parcel Number 5848023003

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Structure Type: Triplex
  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: CL SP-1b
  • Property Sub Type: Triplex
  • Property Type: Residential
  • Parcel Number: 5848023003
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2098.00 Square Feet
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 548.14
  • Room Type: Laundry

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5928.00
  • Lot Size Acres: 0.1361

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5928.0000 Square Feet
  • Number Of Units Total: 3

Tax Info

  • Tax Census Tract: 4615.01
  • Tax Lot: 53
  • Tax Tract Number: 6 P 67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
May 4, 2023
Sold by
Gharehbagloo George
Bought by
Gharehbagloo Khonarik
Seller's Agent
Robby Moon
Moon Realty
Buyer's Agent
Robby Moon
Moon Realty
List Price
$1,350,000
Sold Price
$1,150,000
Premium/Discount to List
-$200,000
-14.81%
Views
71
Current Estimated Value
$1,497,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,897
Avg. Annual Appreciation
9.87%
Original Mortgage
$862,500
Outstanding Balance
$835,193
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$640,743

Purchase Details

Closed on
Aug 30, 2022
Sold by
California Td Specialists Llc
Bought by
Patch Of Land Llc 201500001 and Legacy Pol 201500001

Purchase Details

Closed on
Jul 23, 2019
Sold by
Ascend Real Estate Llc
Bought by
Ladera Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
May 28, 2019
Sold by
Mek Acquisitions Llc
Bought by
Ascend Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2018
Sold by
Griffin James M and Sortino Joseph
Bought by
Mek Acquisitions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 4, 2018
Sold by
Griffin Linda
Bought by
Griffin James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2017
Sold by
Griffin James M and Gene Gianone Living Trust
Bought by
Griffin James M and Sortino Joseph

Purchase Details

Closed on
Apr 19, 2006
Sold by
Gianone Angelo Eugene
Bought by
Gianone Angelo Eugene and The Gene Gianone Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Gharehbagloo Khonarik -- Pacific Coast Title Company
Gharehbagloo Armen -- Pacific Coast Title
Gharehbagloo Armen $1,150,000 Pacific Coast Title Company
Patch Of Land Llc 201500001 -- Accommodation/Courtesy Recordi
Ladera Avenue Llc -- None Available
Ascend Real Estate Llc $1,200,000 Lawyers Title Company
Mek Acquisitions Llc $450,000 North American Title Company
Sortino Joseph -- North American Title Company
Griffin James M -- North American Title Company
Griffin James M -- None Available
Gianone Angelo Eugene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gharehbagloo Armen $862,500
Previous Owner Ladera Avenue Llc $680,000
Previous Owner Ascend Real Estate Llc $936,000
Previous Owner Mek Acquisitions Llc $930,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/18/2023 05/18/23 Sold $1,150,000 0.0% $548 / Sq Ft
05/18/2023 05/18/23 Sold $1,150,000 -14.8% $548 / Sq Ft View Prior Sale
03/23/2023 03/23/23 Pending -- -- --
03/23/2023 03/23/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $1,350,000 0.0% $643 / Sq Ft
03/09/2023 03/09/23 Price Changed $1,350,000 -9.9% $643 / Sq Ft
10/22/2022 10/22/22 For Sale $1,499,000 -- $714 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $29,015 $1,196,460 $957,168 $239,292
2024 $29,015 $1,173,000 $938,400 $234,600
2023 $29,489 $1,203,000 $902,000 $301,000
2022 $29,491 $1,224,000 $816,000 $408,000
2021 $29,053 $1,212,432 $808,288 $404,144
2020 $28,755 $1,224,000 $816,000 $408,000
2019 $24,197 $765,000 $601,800 $163,200
2018 $7,791 $642,600 $510,000 $132,600
2016 $1,112 $44,476 $24,827 $19,649
2015 $1,096 $43,809 $24,455 $19,354
2014 $1,092 $42,951 $23,976 $18,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR23040398

California Regional Multiple Listing Service (CRMLS)

APN: 5848-023-003