NOT LISTED FOR SALE

Estimated Value: $1,644,000 - $2,574,000

8 Beds
4 Baths
4,672 Sq Ft
$469/Sq Ft Est. Value

Last Sold July 10, 2018

Last sale price $1,520,000 $325 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $14,006/month

4 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • No HOA
  • John Muir High School Rated A-
  • Private Yard
  • Laundry Room

About This Home

As of July 2018

Turnkey Investment Quadruplex in the nice Orange Heights Neighborhood of Pasadena. Each unit consist of a large 2 bedroom 1 bath with separate living room, dining room and kitchen nook. There is a lot space. Each unit includes a refrigerator, oven/range, dishwasher and an in-unit washer and dryer which makes each apartment very easy to rent. All units have recently been updated with new or refinished wood flooring, new quartz kitchen counter tops, ceramic kitchen tiles, bathroom wall tiles and most of the windows have been recently updated. Apartment is on a corner lot, convenient location, close to shops, restaurants, public transportation and Pasadena colleges (Pasadena City College, California Institute of Technology, etc). Don't miss out on this wonderful investment opportunity!

Last Agent to Sell the Property

Myrna Villanueva

First Legacy Corporation License #01470605 Listed on: 05/04/2018

Last Buyer's Agent

Cloe Learn

SilverStone Property Management License #01318605

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,306

Year Built

  • Built in 1924

Lot Details

  • 8,527 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 4,672 Sq Ft Home
  • 2-Story Property
  • Decorative Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 1
  • Tax Tract Number 4621
  • Assessor Parcel Number 5730012001

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $900
  • Insurance Expense $1,900
  • Trash Expense $1,000
  • Water Sewer Expense $1,200
  • New Taxes Expense $18,000
  • Operating Expense $22,300
  • Gross Income $89,664
  • Net Operating Income $67,364

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,306

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 6263837383
  • Property Attached: Yes
  • Subdivision Name Other: Orange Heights
  • Water Sewer Expenses: 1200.00
  • Zoning: PSR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 5730012001
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Fireplace Features: Decorative
  • Levels: Two
  • Price Per Square Foot: 325.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Garden, Landscaped, Lawn, Level with Street, Near Public Transit, Sprinkler System, Yard
  • Lot Size Sq Ft: 8527.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 1168 Square Feet
  • Gross Income: 89664.00
  • Gross Scheduled Income: 89664.00
  • Insurance Expense: 1900.00
  • Net Operating Income: 67364.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 22300.00
  • Rent Control: No
  • Total Actual Rent: 89664.00
  • Total Expenses: 22300.00

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Area: 7-500
  • Tax Census Tract: 4621.00
  • Tax Lot: 1
  • Tax Tract Number: 4621
  • Tax Annual Amount: 12306.00
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2018
Closed on
May 25, 2018
Sold by
Villanueva R A and Villanueva F
Bought by
Chu Richard H and Chu Cecilia H
Seller's Agent
Myrna Villanueva
First Legacy Corporation
Buyer's Agent
Cloe Learn
SilverStone Property Management
List Price
$1,549,500
Sold Price
$1,520,000
Premium/Discount to List
-$29,500
-1.9%
Current Estimated Value
$2,243,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$723,547

Purchase Details

Closed on
May 25, 2017
Sold by
Villanueva Rodnick
Bought by
Villanueva R A and Villanueva F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2007
Sold by
Villanueva Rodnick and Yambot Floradel S
Bought by
920 Los Robles Llc

Purchase Details

Closed on
Jul 27, 2004
Sold by
Chavez Properties Llc
Bought by
Villanueva Rodnick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2004
Sold by
Chavez Stacie
Bought by
Chavez Salvador T

Purchase Details

Closed on
Jan 19, 2003
Sold by
Chavez Alfred M and Chavez Rose Marie
Bought by
Chavez Properties Llc

Purchase Details

Closed on
Apr 15, 1998
Sold by
Quinde Jorge R
Bought by
Quinde Inez Maria
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
Chu Richard H $1,520,000 Pacific Coast Title Co
Villanueva R A -- Pacific Coast Title Company
Villanueva Rodnick -- Pacific Coast Title Company
Villanueva Rodnick -- Pacific Coast Title Company
920 Los Robles Llc -- Accommodation
Villanueva Rodnick $730,000 Ort
Chavez Salvador T -- Ort
Chavez Properties Llc -- --
Quinde Inez Maria -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Villanueva Rodnick $980,000
Previous Owner Villanueva Rodnick $800,000
Previous Owner Villanueva Rodnick $100,000
Previous Owner Villanueva Rodnick $584,000
Previous Owner Chavez Alfred M $60,000
Previous Owner Chavez Salvador $547,900
Closed Villanueva Rodnick $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2018 07/10/18 Sold $1,520,000 -1.9% $325 / Sq Ft
05/08/2018 05/08/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $1,549,500 -- $332 / 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 $19,383 $1,695,585 $1,102,131 $593,454
2024 $19,383 $1,662,339 $1,080,521 $581,818
2023 $19,222 $1,629,745 $1,059,335 $570,410
2022 $18,563 $1,597,790 $1,038,564 $559,226
2021 $17,799 $1,566,461 $1,018,200 $548,261
2019 $17,136 $1,520,000 $988,000 $532,000
2018 $15,902 $1,351,500 $810,900 $540,600
2016 $12,020 $998,617 $665,746 $332,871
2015 $11,888 $983,617 $655,746 $327,871
2014 $11,657 $964,350 $642,901 $321,449
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18104369

California Regional Multiple Listing Service (CRMLS)

APN: 5730-012-001