NOT LISTED FOR SALE

917 Fremont Ave South Pasadena, CA 91030

Estimated Value: $1,718,987

1 Bed
3 Baths
2,794 Sq Ft
$615/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $1,450,000 $519 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $10,724/month

4 Days on Market

Highlights

  • No HOA
  • Balcony
  • Living Room
  • Arroyo Vista Elementary Rated A+
  • Cooling System Mounted To A Wall/Window
  • Carpet

About This Home

As of September 2021

This is a fabulous opportunity for an owner user to occupy the front 1525 ft.² commercial building and collect income from the detached duplex at the rear. The property has been lovingly maintained by the long time owner and is located in a prime location just south of Mission. The duplex consists of a one bedroom apartment and a studio apartment. Don't hesitate, this one won't last, priced right! ** building square footage was measured, buyer to verify same. Assessor shows front building was built in 1921, duplex built in 1951, 1952, 1953

Last Agent to Sell the Property

Gary Lorenzini

Coldwell Banker Realty License #00552465 Listed on: 05/21/2021

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,780

Year Built

  • Built in 1921

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 2,794 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • 3 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 18 / A
  • Tax Tract Number 267
  • Assessor Parcel Number 5315008040

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Insurance Expense $1,760
  • New Taxes Expense $17,500
  • Operating Expense $15,186
  • Gross Income $58,800
  • Net Operating Income $43,614

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,780

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: SPC1*
  • Property Type: Residential Income
  • Parcel Number: 5315008040
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Price Per Square Foot: 518.97
  • Room Type: Living Room

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • 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: 50 x 100
  • Lot Size Sq Ft: 5001.00
  • Lot Size Acres: 0.1148

Multi Family

  • Average1 Bed Area: 664 Square Feet
  • Average Studio Area: 605 Square Feet
  • Gross Income: 58800.00
  • Gross Scheduled Income: 58800.00
  • Insurance Expense: 1760.00
  • Lot Size Area: 5001.0000 Square Feet
  • Net Operating Income: 43614.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 15186.00
  • Rent Control: Yes
  • Total Expenses: 15186.00

Tax Info

  • New Taxes Expense: 17500.00
  • Tax Block: A
  • Tax Census Tract: 4805.00
  • Tax Lot: 18
  • Tax Tract Number: 267

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2021
Sold by
Hensley Thomas Michael and Thomas Michael Hensley Trust
Bought by
Pisces Capital Llc
Current Estimated Value
$1,718,987
Source: Public Records

Range of Values:

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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
Pisces Capital Llc $1,450,000 Equity Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $1,450,000 +3.6% $519 / Sq Ft
05/28/2021 05/28/21 For Sale $1,400,000 -3.4% $501 / Sq Ft
05/28/2021 05/28/21 Off Market $1,450,000 -- --
05/25/2021 05/25/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $1,400,000 -- $501 / 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 $18,780 $1,538,750 $923,250 $615,500
2024 $18,780 $1,508,580 $905,148 $603,432
2023 $18,384 $1,479,000 $887,400 $591,600
2022 $17,960 $1,450,000 $870,000 $580,000
2021 $4,563 $289,035 $131,946 $157,089
2020 $4,500 $286,073 $130,594 $155,479
2019 $4,430 $280,465 $128,034 $152,431
2018 $4,222 $274,967 $125,524 $149,443
2016 $3,924 $264,291 $120,650 $143,641
2015 $3,862 $260,322 $118,838 $141,484
2014 $3,819 $255,224 $116,511 $138,713
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Gary Lorenzini

    Coldwell Banker Realty

    (626) 445-5500

    1 in this area

    51 Total Sales

    Gary Lorenzini
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21108866

California Regional Multiple Listing Service (CRMLS)

APN: 5315-008-040

California Los Angeles County South Pasadena 91030

917 Fremont Ave, South Pasadena, CA

This home is located at 917 Fremont Ave, South Pasadena, CA 91030 since 21 May 2021 and is currently estimated at $1,718,987, approximately $615 per square foot. This property was built in 1921. 917 Fremont Ave is a home located in Los Angeles County with nearby schools including Arroyo Vista Elementary, South Pasadena Middle School, and South Pasadena High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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