NOT LISTED FOR SALE

917 Morada Place Altadena, CA 91001

Estimated Value: $1,126,000 - $1,952,765

6 Beds
4 Baths
3,614 Sq Ft
$450/Sq Ft Est. Value

Last Sold June 14, 2022

Last sale price $1,950,000 $540 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $10,530/month

10 Days on Market

Highlights

  • No Units Above
  • Auto Driveway Gate
  • City Lights View
  • Pasadena High School Rated A
  • Gated Community
  • Wooded Lot

About This Home

As of June 2022

Las Casitas Morada is a gorgeous Spanish fourplex near the foothills in Altadena. The Spanish period characteristics enrich the ambiance of these casitas. All four units have been meticulously updated with newer kitchens, appliances, and sparkling bathrooms. 
The front building consists of two units (917 & 919), each with 1 bedroom, 1 bath, a living room with fireplace, dining room, laundry room, and private back yards.
The rear building consists of two units (lower 921 & upper 923), each with 2 bedrooms, 1 bath, a living room with fireplace, office/den, dining room, laundry room, and a shared yard.Morada's landscaping features a blend of grass and drought-tolerant plants. 
The units are cohesive in materials and finishes. All four casitas are turnkey and exude pride of ownership. Don't miss out on this rare find and income opportunity.

Last Agent to Sell the Property

Noah Kazanjian

Coldwell Banker Realty License #01893507 Listed on: 04/15/2022

Coldwell Banker Realty

Co-Listed By

Carol Anne Kazanjian

Coldwell Banker Realty License #00470109

Last Buyer's Agent

Catherine Shen

Coldwell Banker Realty License #01155367

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 8,933 Sq Ft Lot
  • Property fronts an alley
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • South Facing Home
  • Wood Fence
  • Wooded Lot
  • Lawn

Property Views

  • City Lights
  • Mountain

Home Design

  • Spanish Architecture
  • Quadruplex
  • Turnkey
  • Raised Foundation
  • Tile Roof
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,614 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Beamed Ceilings
  • Raised Hearth
  • Fireplace With Gas Starter
  • Blinds
  • Living Room with Fireplace
  • Den
  • Carbon Monoxide Detectors

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Stone Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Stacked Washer and Dryer

Parking

  • 5 Parking Spaces
  • Parking Available
  • Tandem Uncovered Parking
  • Driveway
  • Auto Driveway Gate
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1-3
  • Tax Tract Number 461
  • Assessor Parcel Number 5845010022

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Foothills

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,160
  • Insurance Expense $3,472
  • Maintenance Expense $5,698
  • Trash Expense $1,691
  • Water Sewer Expense $1,985
  • Operating Expense $30,027
  • Gross Income $105,230
  • Net Operating Income $75,203

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1928 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.00
  • Inclusions: Seller owned appliances.
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Security: Carbon Monoxide Detector(s), Gated Community
  • Subdivision Name Other: Altadena Heights
  • View: Yes
  • Water Sewer Expenses: 1985.00
  • Zoning: LCR3P
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2160.00
  • Parcel Number: 5845010022
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Balcony, Stone Counters, Copper Plumbing Full, Built-in Features
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Below, No One Above
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Raised Hearth, Gas Starter, Living Room
  • Levels: One, Two
  • Price Per Square Foot: 539.57
  • Room Type: Den, Laundry, Living Room
  • Window Features: Blinds

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • View: City Lights, Mountain(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Auto Driveway Gate, Tandem Uncovered, Gated, Driveway, Parking Space
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Available, Cable Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Water Heater, Microwave, Refrigerator
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: In Kitchen, Dryer Included, Washer Included, Stackable, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1691.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Foothills

Lot Info

  • Land Lease: No
  • Lot Features: Lawn, Treed Lot
  • Lot Size Sq Ft: 8933.00
  • Lot Size Acres: 0.2051

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 105230.00
  • Gross Multiplier: 0.45
  • Gross Operating Income: 104558.00
  • Gross Scheduled Income: 105230.00
  • Gross Spendable Income: 36000.00
  • Insurance Expense: 3472.00
  • Lot Size Area: 8933.0000 Square Feet
  • Maintenance Expense: 5698.00
  • Net Operating Income: 75203.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 30027.00
  • Operating Expense Percent: 26.00
  • Rent Control: No
  • Total Expenses: 30027.00

Tax Info

  • Tax Lot: 1-3
  • Tax Tract Number: 461...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2015
Sold by
Homecoming Properties Llc
Bought by
Bulleri Mark
Current Estimated Value
$1,624,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Outstanding Balance
$557,702
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$1,066,886

Purchase Details

Closed on
Feb 16, 2014
Sold by
Strockis Family Trust
Bought by
Homecoming Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,600
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2014
Sold by
Strockis James Luke
Bought by
Strockis Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,600
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2013
Sold by
Strockis Family Trust
Bought by
Strockis James Luke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,600
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2013
Closed on
Apr 26, 2013
Sold by
Homecoming Properties Llc
Bought by
Strockis James Luke
Seller's Agent
Roberta Baron
HomeSmart, Evergreen Realty
Buyer's Agent
Michael Jacobs
Coldwell Banker Realty
List Price
$917,000
Sold Price
$917,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%

Purchase Details

Listed on
Mar 10, 2013
Closed on
Mar 18, 2013
Sold by
Shepphard Joshua and Zahra Lisa C
Bought by
Homecoming Properties Llc
Seller's Agent
Roberta Baron
HomeSmart, Evergreen Realty
Buyer's Agent
Michael Jacobs
Coldwell Banker Realty
List Price
$917,000
Sold Price
$917,000

Purchase Details

Closed on
Apr 19, 2007
Sold by
Sheppard Joshua and Zahra Lisa
Bought by
Sheppard Joshua

Purchase Details

Closed on
Feb 6, 2007
Sold by
Arzmanian Artin
Bought by
Sheppard Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$701,250
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2006
Sold by
Piper Enterprises Inc
Bought by
Arzmanian Artin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
8.12%
Mortgage Type
New Conventional
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
Bulleri Mark $1,005,000 Equity Title
Homecoming Properties Llc -- None Available
Strockis Family Trust -- Accommodation
Strockis James Luke -- Nations Title Company Of Ca
Strockis James Luke -- Nations Title Company Of Ca
Strockis James Luke -- None Available
Homecoming Properties Llc $917,000 Orange Coast Title
Sheppard Joshua -- None Available
Sheppard Joshua $935,000 Chicago Title Co
Arzmanian Artin $575,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bulleri Mark $725,000
Previous Owner Strockis James Luke $558,600
Previous Owner Strockis James Luke $558,600
Previous Owner Sheppard Joshua $701,250
Previous Owner Arzmanian Artin $460,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2022 06/14/22 Sold $1,950,000 0.0% $540 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $1,950,000 0.0% $540 / Sq Ft
12/07/2018 12/07/18 Rented $2,000 0.0% --
10/02/2018 10/02/18 For Rent $2,000 0.0% --
04/16/2013 04/16/13 Sold $917,000 0.0% $254 / Sq Ft View Prior Sale
04/01/2013 04/01/13 Pending -- -- --
03/10/2013 03/10/13 For Sale $917,000 -- $254 / 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 $24,215 $1,924,500 $1,241,613 $682,887
2024 $24,215 $2,028,780 $1,352,520 $676,260
2023 $23,669 $1,989,000 $1,326,000 $663,000
2022 $14,008 $1,138,187 $792,768 $345,419
2021 $13,221 $1,115,871 $777,224 $338,647
2019 $12,738 $1,082,775 $754,172 $328,603
2018 $12,924 $1,061,545 $739,385 $322,160
2016 $12,518 $1,020,326 $710,675 $309,651
2015 $11,649 $939,567 $529,723 $409,844
2014 $11,429 $921,163 $519,347 $401,816
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Noah Kazanjian

    Coldwell Banker Realty

    (626) 484-1983

    2 in this area

    17 Total Sales

    Noah Kazanjian
    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Carol Anne Kazanjian

    Coldwell Banker Realty

    (626) 584-0050

    1 in this area

    8 Total Sales

    Carol Anne Kazanjian
    Section Image
  • Catherine Shen

    Buyer's Agent in 2022

    Catherine Shen

    Coldwell Banker Realty

    (626) 643-6576

    1 in this area

    8 Total Sales

    Catherine Shen
    Section Image
  • Ruth Mayeda

    Seller's Agent in 2018

    Ruth Mayeda

    Coldwell Banker Realty

    (626) 390-0424

    13 Total Sales

    Ruth Mayeda
    Section Image

  • R

    Seller's Agent in 2013

    Roberta Baron

    HomeSmart, Evergreen Realty

    Section Image

  • M

    Buyer's Agent in 2013

    Michael Jacobs

    Coldwell Banker Realty

See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-9064

Pasadena-Foothills Association of REALTORS®

APN: 5845-010-022

California Los Angeles County Altadena 91001

917 Morada Place, Altadena, CA

Not Listed for Sale

MultiFamily

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