Seller's Agent in 2016
Nate Beaudin
Keller Williams Realty
(714) 614-5626
13 Total Sales
928 N Los Robles Ave Pasadena, CA 91104
Orange Heights NeighborhoodEstimated Value: $1,485,375 - $1,514,000
2
Beds
5
Baths
2,287
Sq Ft
$656/Sq Ft
Est. Value
Highlights
- Neighborhood Views
- Double Pane Windows
- Bungalow
- John Muir High School Rated A-
- Cooling System Mounted To A Wall/Window
- Tile Flooring
About This Home
As of May 2016Established investment opportunity in Pasadena! 5 units--residential apartments. Upside potential. NO rent control! Low turnover. Current CAP rate at 5.43 and will be 5.7 at pro forma rents. Two separate buildings on one lot (single APN). Front building (930) has two large 1 bed/1 bath units on ground level and rear building (928) has three studios on second level above four single car garages with additional space and cabinets for storage. Extra parking spaces as well. All units are separately metered for gas/electric and tenants pay both. Beautifully landscaped front yard creates great curb appeal for property making it a highly desirable rental location. Over $100,000 of upgrades in past three years including: fresh paint, new doors and dual pane windows throughout, new roof, numerous electrical and plumbing fixtures upgraded, tile steps leading to entrance on front building, newer garage doors, and much more. Don't miss this outstanding opportunity to own a profitable income property. Property sold as-is condition.
Last Agent to Sell the Property
Keller Williams Realty License #01930465 Listed on: 04/27/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,274
Year Built
- Built in 1925
Lot Details
- 7,751 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Front Yard
- Density is 21-25 Units/Acre
Parking
- 4 Car Garage
- Parking Available
- Single Garage Door
Home Design
- Bungalow
- Property Attached
- Fire Rated Drywall
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 2,287 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Neighborhood Views
- Gas Cooktop
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 5 Bathrooms
Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 2
- Tax Tract Number 4621
- Assessor Parcel Number 5730012002
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $720
- Insurance Expense $2,400
- Maintenance Expense $1,800
- Trash Expense $600
- Water Sewer Expense $1,140
- New Taxes Expense $9,382
- Gross Income $4,780
- Net Operating Income $39,597
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 27, 2016
Closed on
May 2, 2016
Sold by
Windy Rein Llc
Bought by
P Brazo Llc
Seller's Agent
Nate Beaudin
Keller Williams Realty
Buyer's Agent
Rick Cheng
Coldwell Banker Realty
List Price
$729,000
Sold Price
$798,000
Premium/Discount to List
$69,000
9.47%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$701,688
Avg. Annual Appreciation
6.80%
Purchase Details
Closed on
Sep 8, 2011
Sold by
Connor Michal
Bought by
Windy Rein Llc
Purchase Details
Closed on
Apr 26, 2000
Sold by
Vega Francisco L and Vega Rosy
Bought by
Connor Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,625
Interest Rate
8.22%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| P Brazo Llc | $798,000 | First American Title Company | |
| Windy Rein Llc | $498,000 | Ticor Title Company | |
| Connor Michael | $204,000 | Investors Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Connor Michael | $142,625 | |
| Closed | Connor Michael | $20,375 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2016 05/17/16 | Sold | $798,000 | +9.5% | $349 / Sq Ft |
| 04/26/2016 04/26/16 | Pending | -- | -- | -- |
| 04/16/2016 04/16/16 | For Sale | $729,000 | -- | $319 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $11,274 | $944,664 | $660,557 | $284,107 |
| 2024 | $11,274 | $926,142 | $647,605 | $278,537 |
| 2023 | $11,179 | $907,983 | $634,907 | $273,076 |
| 2022 | $10,804 | $890,180 | $622,458 | $267,722 |
| 2021 | $10,371 | $872,726 | $610,253 | $262,473 |
| 2019 | $9,996 | $846,842 | $592,153 | $254,689 |
| 2018 | $10,124 | $830,239 | $580,543 | $249,696 |
| 2016 | $6,776 | $528,395 | $371,363 | $157,032 |
| 2015 | $6,698 | $520,459 | $365,785 | $154,674 |
| 2014 | $6,593 | $510,265 | $358,620 | $151,645 |
Source: Public Records
Agents Affiliated with this Home
-
Nate Beaudin
-
Rick Cheng
Buyer's Agent in 2016
Rick Cheng
Coldwell Banker Realty
(626) 315-1771
42 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16080246
APN: 5730-012-002
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