NOT LISTED FOR SALE
7 Beds
6 Baths
3,696 Sq Ft
9,247 Sq Ft Lot

Sale Details

Date Sold: February 8, 2021

Last sale price $1,433,000 $388 Per Sq Ft

109 Days on Market

About This Home

As of February 2021

We are proud to present these 6 units located at 934 N Lake Avenue in Pasadena, California. Built in 1953, the property sits on 9,247 square feet of land with 3,696 square feet of rentable area and consists of (5) 1-Bed/1-Bath and (1) 2-Bed/1-Bath units. The property offers investors the possibility to renovate all the units and capture the significant upside in rents. Unit #2, which was the owner's unit, will be delivered vacant at the close of escrow. Although the rents are significantly below market, the property is well maintained with no significant deferred maintenance, including the fact that this property does not need seismic retrofitting. Additionally, each unit has above average size floor plans, and each unit has their own water heater.

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 10/08/2020

Last Buyer's Agent

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 10/08/2020

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 9,247 Sq Ft Lot

Parking

  • 7 Parking Spaces

Home Design

  • 3,696 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5740-016-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

9,247 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3696
  • Lot Acreage: 0.2123
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 446.43

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 7

Lot Info

  • Assessed Improvement Percent: 45.95
  • Assessed Improvement Value: 151728
  • Assessed Land Percent: 54.05
  • Assessed Land Value: 178508
  • Total Assessed Value: 330236
  • Assessor Parcel Number: 5740-016-003
  • Lot Size Area: 9247

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 19.37
  • Number Of Units: 6
  • Type Of Units: Standard

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/08/2021 02/08/21 Sold $1,433,000 -13.2% $388 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
10/08/2020 10/08/20 For Sale $1,650,000 -- $446 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $18,992 $1,582,144 $883,263 $698,881
2025 $18,992 $1,551,123 $865,945 $685,178
2024 $18,102 $1,520,710 $848,966 $671,744
2023 $17,951 $1,490,893 $832,320 $658,573
2022 $17,343 $1,461,660 $816,000 $645,660
2021 $5,139 $354,077 $191,395 $162,682
2020 $4,974 $350,747 $189,433 $161,314
2019 $4,975 $343,876 $185,719 $158,157
2018 $4,903 $337,140 $182,078 $155,062
2016 $4,616 $323,761 $175,008 $148,753
2015 $4,559 $318,899 $172,380 $146,519
2014 $4,513 $312,653 $169,004 $143,649
Source: Public Records

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Map

Source: The MLS

MLS Number: 20-644230

The MLS
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