NOT LISTED FOR SALE

878 Morada Place Altadena, CA 91001

Estimated Value: $725,000 - $1,233,673

2 Beds
2 Baths
1,507 Sq Ft
$640/Sq Ft Est. Value

Last Sold March 22, 2019

Last sale price $818,000 $543 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,951/month

Highlights

  • Guest House
  • Open Floorplan
  • Laundry Room
  • John Muir High School Rated A-
  • Traditional Architecture
  • Forced Air Heating and Cooling System

About This Home

As of March 2019

Live in the front house and rent out the back. Newly Renovated Light Bright Altadena Traditional home with a private 550 sq. ft guest house. The front 2 bedroom house also has an optional 3rd bedroom currently set up as a family room. The house has a newer roof, Copper plumbing, New kitchen with Stainless range and dishwasher with Quartz counter tops. Additional improvements include a New Bathroom, New HVAC, New flooring and New paint and light fixtures inside and out. It's partially hidden behind a tall hedge with gated front and back yards. The back house is a one bedroom home with an optional second bedroom or office space. It is cozy with high ceilings , New full bath, New kitchen, New stove and Huge fenced yard. A large covered patio allows for outdoor dining. The guest house is separately metered and could be used as a rental or extended family. The location is steps from a coffee shop, bus route, and close to downtown Altadena. The home is much larger inside than it appears from the street. It is a true hidden gem.

Last Agent to Sell the Property

Deena Willis

RE/MAX Top Producers License #01354143 Listed on: 12/16/2018

RE/MAX Top Producers

Last Buyer's Agent

Abigail Dotson

MAISONRE License #01450911

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,862

Year Built

  • Built in 1947 | Remodeled

Lot Details

  • 7,368 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Wood Siding
  • Concrete Perimeter Foundation
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Family Room

Kitchen

  • Oven
  • Gas Cooktop
  • Dishwasher

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer

Additional Homes

  • Guest House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 5845028007

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,862

Year Built

Built in 1947 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Inclusions: stoves in each unit
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: LCR2YY
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5845028007
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full, Open Floorplan
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Room Type: Family Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Other Structures: Guest House
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Gas Range, Oven
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Kitchen
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7368.00
  • Lot Size Acres: 0.1700

Multi Family

  • Lot Size Area: 7368.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2018
Closed on
Feb 18, 2019
Sold by
Wise Investments Llc
Bought by
Koepplinger Debra and Koepplinger Kellyn
Seller's Agent
Deena Willis
RE/MAX Top Producers
Buyer's Agent
Abigail Dotson
MAISONRE
List Price
$838,000
Sold Price
$818,000
Premium/Discount to List
-$20,000
-2.39%
Current Estimated Value
$964,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,224
Avg. Annual Appreciation
2.52%
Original Mortgage
$803,183
Outstanding Balance
$704,702
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$259,522

Purchase Details

Listed on
Apr 27, 2018
Closed on
May 17, 2018
Sold by
Toney Lorraine
Bought by
Wise Investments Llc
Seller's Agent
Roya Fatoorehchi
DYNASTY REAL ESTATE
Buyer's Agent
Deena Willis
RE/MAX Top Producers
List Price
$649,000
Sold Price
$619,200
Premium/Discount to List
-$29,800
-4.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.25%
Original Mortgage
$665,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2006
Sold by
Toney Lorraine and Lorraine Toney Family Trust
Bought by
Toney Lorraine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
7.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2003
Sold by
Toney Lorraine
Bought by
Toney Lorraine and The Lorraine Toney Family Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.78%

Purchase Details

Closed on
Apr 2, 2003
Sold by
Lorraine Toney Family Trust
Bought by
Toney Lorraine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.78%

Purchase Details

Closed on
Aug 26, 2002
Sold by
Toney Lorraine
Bought by
Lorraine Toney Family Trust and Lorraine Toney Trust

Purchase Details

Closed on
Jun 18, 2002
Sold by
Lorraine Toney Trust
Bought by
Toney Lorraine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
6.86%

Purchase Details

Closed on
Jul 19, 2000
Sold by
Toney Lorraine
Bought by
Toney Lorraine and Lorraine Toney Family Trust

Purchase Details

Closed on
Nov 30, 1995
Sold by
Craig Terri Lynn
Bought by
Craig Brian A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,826
Interest Rate
7.41%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 20, 1995
Sold by
Lockwood Bridget Alexandria
Bought by
Lockwood Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,826
Interest Rate
7.41%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 8, 1995
Sold by
Craig Brian A and Lockwood Mark A
Bought by
Toney Lorraine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,826
Interest Rate
7.41%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Koepplinger Debra $818,000 Lawyers Title Company
Wise Investments Llc $619,500 First American Title Company
Toney Lorraine -- Financial Title Company
Toney Lorraine -- Fidelity National Title Co
Toney Lorraine -- Fidelity National Title Co
Lorraine Toney Family Trust -- --
Toney Lorraine -- Ticor Title
Toney Lorraine -- --
Craig Brian A -- Title Land Company
Lockwood Mark A -- Title Land Company
Toney Lorraine $142,000 Title Land Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koepplinger Debra $803,183
Previous Owner Wise Investments Llc $665,000
Previous Owner Toney Lorraine $261,000
Previous Owner Toney Lorraine $210,000
Previous Owner Toney Lorraine $193,500
Previous Owner Toney Lorraine $139,826
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/22/2019 03/22/19 Sold $818,000 -2.4% $543 / Sq Ft
03/08/2019 03/08/19 Pending -- -- --
12/16/2018 12/16/18 For Sale $838,000 +35.3% $556 / Sq Ft
06/08/2018 06/08/18 Sold $619,200 -4.6% $411 / Sq Ft View Prior Sale
05/31/2018 05/31/18 For Sale $649,000 +4.8% $431 / Sq Ft
05/08/2018 05/08/18 Pending -- -- --
05/07/2018 05/07/18 Off Market $619,200 -- --
05/06/2018 05/06/18 Pending -- -- --
04/27/2018 04/27/18 For Sale $649,000 -- $431 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $10,862 $848,147 $552,180 $295,967
2024 $10,862 $894,598 $601,503 $293,095
2023 $10,594 $877,058 $589,709 $287,349
2022 $10,131 $859,862 $578,147 $281,715
2021 $9,612 $843,003 $566,811 $276,192
2020 $9,234 $834,360 $561,000 $273,360
2019 $7,357 $631,584 $410,040 $221,544
2018 $2,831 $207,306 $135,773 $71,533
2016 $2,728 $199,257 $130,501 $68,756
2015 $2,698 $196,265 $128,541 $67,724
2014 $2,660 $192,422 $126,024 $66,398
Source: Public Records

Agents Affiliated with this Home

  • Deena Willis

    Seller's Agent in 2019

    Deena Willis

    RE/MAX

    (626) 483-8840

    5 in this area

    66 Total Sales

    Deena Willis
    Section Image
  • Abigail Dotson

    Buyer's Agent in 2019

    Abigail Dotson

    MAISONRE

    (310) 210-0940

    2 in this area

    58 Total Sales

    Abigail Dotson
    Section Image
  • Jessica Webb-Simpson

    Buyer Co-Listing Agent in 2019

    Jessica Webb-Simpson

    MAISONRE

    (917) 674-7200

    12 Total Sales

    Jessica Webb-Simpson
    Section Image
  • Roya Fatoorehchi

    Seller's Agent in 2018

    Roya Fatoorehchi

    DYNASTY REAL ESTATE

    (909) 278-4797

    10 Total Sales

    Roya Fatoorehchi
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-818005873

Pasadena-Foothills Association of REALTORS®

APN: 5845-028-007

California Los Angeles County Altadena 91001

878 Morada Place, Altadena, CA

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