NOT LISTED FOR SALE

Estimated Value: $979,699 - $1,151,000

2 Beds
2 Baths
1,220 Sq Ft
$877/Sq Ft Est. Value

Last Sold August 08, 2018

Last sale price $670,000 $549 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $6,248/month

15 Days on Market

Highlights

  • No Units Above
  • Corner Lot
  • No HOA
  • Property is near public transit
  • Granite Countertops
  • Two Homes on a Lot

About This Home

As of August 2018

PASADENA DUPLEX ON CORNER LOT EACH WITH ONE BEDROOM ONE BATH, REHABBED IN 2015 WITH NEW PAINT, NEW FLOORING THROUGHOUT, NEW UPGRADED KITCHEN WITH GRANITE COUNTERS, NEW UPDATED BATHROOMS, NEW UPDATED ELECTRICAL PANELS AND SOME NEW PLUMBING INCLUDING TANKLESS WATER HEATER FOR EACH UNIT. ATTACHED GARAGE WITH WASHER/DRYER. LARGE FRONT YARD AND CONVENIENTLY LOCATED NEAR 210 AND 134 FREEWAYS AND JUST A FEW SHORT MINUTES TO DOWNTOWN PASADENA. DON'T MISS THIS OPPORTUNITY TO OWN THIS INCOME PROPERTY IN ONE OF THE MOST SOUGHT AFTER LOCATIONS!!!!

Last Agent to Sell the Property

Linda Fox

Linda Susan Fox License #01793254 Listed on: 06/20/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 4,265 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Landscaped
  • Corner Lot
  • Level Lot
  • Front Yard

Parking

  • 1 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Driveway

Home Design

  • Duplex
  • Turnkey
  • Raised Foundation
  • Partial Copper Plumbing

Interior Spaces

  • 1,220 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Range
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Tankless Water Heater
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 9
  • Tax Tract Number 462001
  • Assessor Parcel Number 5729034016

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $800
  • Other Expense $1,970
  • Water Sewer Expense $1,080
  • New Taxes Expense $6,150
  • Operating Expense $10,000
  • Gross Income $40,020
  • Net Operating Income $30,020

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 1080.00
  • Zoning: PSR3
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5729034016
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial, Granite Counters
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 549.18
  • Room Type: All Bedrooms Down, Kitchen, Main Floor Master Bedroom

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage Faces Front, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Refrigerator, Tankless Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Garage, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Landscaped, Level with Street, Near Public Transit
  • Lot Size Sq Ft: 4265.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 610 Square Feet
  • Gross Operating Income: 40020.00
  • Gross Scheduled Income: 40020.00
  • Insurance Expense: 800.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 30020.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 10000.00
  • Operating Expense Percent: 25.00
  • Other Expense: 1970.00
  • Other Expense Description: repairs
  • Rent Control: No
  • Total Expenses: 10000.00

Tax Info

  • New Taxes Expense: 6150.00
  • Tax Census Tract: 4620.01
  • Tax Lot: 9
  • Tax Tract Number: 462001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2018
Closed on
Jul 6, 2018
Sold by
Kamci Nicolas
Bought by
Ortiz Juan Darral and Ortiz Sara
Seller's Agent
Linda Fox
Linda Susan Fox
List Price
$650,000
Sold Price
$670,000
Premium/Discount to List
$20,000
3.08%
Current Estimated Value
$1,069,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$399,675
Avg. Annual Appreciation
6.47%
Original Mortgage
$536,000
Outstanding Balance
$471,973
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$597,702

Purchase Details

Listed on
Mar 17, 2015
Closed on
Apr 7, 2015
Sold by
Andrade Financial Inc
Bought by
Kamei Nicolas
Seller's Agent
Catherine Cuadra
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
Linda Fox
Linda Susan Fox
List Price
$495,000
Sold Price
$505,100
Premium/Discount to List
$10,100
2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.17%
Original Mortgage
$488,145
Interest Rate
3.63%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 5, 2014
Sold by
Andrade Financial
Bought by
Andrade Financial Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2014
Sold by
Sheard Patrick
Bought by
Andrade Financial

Purchase Details

Closed on
Jan 2, 2014
Sold by
Sheard Steven
Bought by
Andrade Financial

Purchase Details

Closed on
Dec 11, 2012
Sold by
Sheard Richard G and Sheard Patrick
Bought by
Sheard Steven and Sheard Patrick
Source: Public Records

Range of Values:

--
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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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
Ortiz Juan Darral $670,000 Lawyers Title
Kamei Nicolas $505,500 Fidelity National Title
Andrade Financial Inc -- Fidelity National Title
Andrade Financial $5,000 Fidelity National Title Oran
Andrade Financial $5,000 None Available
Sheard Steven -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Juan Darral $536,000
Previous Owner Kamei Nicolas $488,145
Previous Owner Andrade Financial Inc $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/08/2018 08/08/18 Sold $670,000 +3.1% $549 / Sq Ft
07/05/2018 07/05/18 Pending -- -- --
06/20/2018 06/20/18 For Sale $650,000 +28.7% $533 / Sq Ft
05/22/2015 05/22/15 Sold $505,100 +2.0% $414 / Sq Ft View Prior Sale
04/04/2015 04/04/15 Pending -- -- --
03/17/2015 03/17/15 For Sale $495,000 -- $406 / 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 $8,516 $747,394 $523,177 $224,217
2024 $8,516 $732,740 $512,919 $219,821
2023 $8,444 $718,373 $502,862 $215,511
2022 $8,154 $704,288 $493,002 $211,286
2021 $7,825 $690,480 $483,336 $207,144
2019 $7,533 $670,000 $469,000 $201,000
2018 $6,283 $533,412 $380,254 $153,158
2016 $6,078 $512,701 $365,490 $147,211
2015 $5,280 $440,000 $330,000 $110,000
2014 -- $214,005 $118,828 $95,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18147415

California Regional Multiple Listing Service (CRMLS)

APN: 5729-034-016