NOT LISTED FOR SALE

Estimated Value: $1,456,000 - $1,812,713

8 Beds
8 Baths
3,360 Sq Ft
$506/Sq Ft Est. Value

Last Sold March 22, 2023

Last sale price $1,500,000 $446 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $10,309/month

40 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Cooling System Mounted To A Wall/Window
  • Wood Fence
  • Pasadena High School Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of March 2023

This mid century 4-unit apartment complex is located in a great area of Pasadena about half way up the block between Colorado Blvd and Walnut Street. Although close to the Colorado business and shopping district and transportation, the property is located on a quieter side street surrounded by single family homes. Each apartment consists of 2 bedrooms and 2 bathrooms and each has a sliding glass door to a private patio area. Each unit has a carport space with storage cabinets. Community laundry is located in the carport area. This building has great potential and potential upside on the rents.

Last Agent to Sell the Property

Matthew Bryant

M&M Bryant Real Estate Inc License #01302873 Listed on: 01/25/2023

M&M Bryant Real Estate Inc

Last Buyer's Agent

John Seward

Seward Real Estate & Financial, Inc. License #01851873

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,989 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • No Sprinklers

Home Design

  • Midcentury Modern Architecture
  • Quadruplex

Interior Spaces

  • 3,360 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, telephone, gas, electricity
  • Tax Lot 030

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,020
  • Insurance Expense $713
  • Maintenance Expense $6,149
  • Other Expense $1,198
  • Pest Control $683
  • Professional Management Expense $4,075
  • Trash Expense $3,718
  • New Taxes Expense $18,100
  • Operating Expense $36,846
  • Gross Income $85,860
  • Net Operating Income $49,014

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 3.40
  • Professional Management Expense: 4075.00
  • Property Attached: Yes
  • View: No
  • Zoning: PSR1
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2020.00
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Price Per Square Foot: 430.95

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 4.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Carport
  • Pest Control Expense: 683.00
  • Sewer: Sewer Paid
  • Trash Expense: 3718.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 5989.00
  • Lot Size Acres: 0.1375

Rental Info

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

Multi Family

  • Average2 Bed Area: 840
  • Gross Income: 85860.00
  • Gross Multiplier: 16.90
  • Gross Scheduled Income: 85860.00
  • Insurance Expense: 713.00
  • Lot Size Area: 5989.0000 Square Feet
  • Maintenance Expense: 6149.00
  • Net Operating Income: 49014.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 36846.00
  • Other Expense: 1198.00
  • Other Expense Description: Gas
  • Rent Control: Yes
  • Total Actual Rent: 85860.00
  • Total Expenses: 36846.00

Tax Info

  • New Taxes Expense: 18100.00
  • Tax Lot: 030

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2023
Closed on
May 19, 2023
Sold by
Koburyan Avetis
Bought by
Avetis Koburyan Trust and Koburyan
Seller's Agent
Matthew Bryant
M&M Bryant Real Estate Inc
Buyer's Agent
John Seward
Seward Real Estate & Financial, Inc.
List Price
$1,448,000
Sold Price
$1,500,000
Premium/Discount to List
$52,000
3.59%
Views
38
Current Estimated Value
$1,700,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,678
Avg. Annual Appreciation
4.49%

Purchase Details

Listed on
Jan 25, 2023
Closed on
May 12, 2023
Sold by
Koburyan Artyom A
Bought by
Artyom A Koburyan Trust and Koburyan
Seller's Agent
Matthew Bryant
M&M Bryant Real Estate Inc
Buyer's Agent
John Seward
Seward Real Estate & Financial, Inc.
List Price
$1,448,000
Sold Price
$1,500,000
Premium/Discount to List
$52,000
3.59%
Views
38

Purchase Details

Listed on
Jan 25, 2023
Closed on
Jan 30, 2023
Sold by
Toshio Fujita Living Trust
Bought by
Watanabe Craig and Watanabe Leina Diane
Seller's Agent
Matthew Bryant
M&M Bryant Real Estate Inc
Buyer's Agent
John Seward
Seward Real Estate & Financial, Inc.
List Price
$1,448,000
Sold Price
$1,500,000
Premium/Discount to List
$52,000
3.59%
Views
38

Purchase Details

Closed on
May 24, 2007
Sold by
Fujita Toshio
Bought by
Fujita Toshio and Toshio Fujita Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Avetis Koburyan Trust -- None Listed On Document
Artyom A Koburyan Trust -- None Listed On Document
Watanabe Craig -- --
Fujita Toshio -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2023 03/22/23 Sold $1,500,000 +3.6% $446 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
01/25/2023 01/25/23 For Sale $1,448,000 -- $431 / 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 $17,734 $1,560,600 $936,360 $624,240
2024 $17,734 $1,530,000 $918,000 $612,000
2023 $16,478 $1,400,000 $630,000 $770,000
2022 $2,319 $125,160 $17,984 $107,176
2021 $2,224 $122,707 $17,632 $105,075
2019 $2,161 $119,069 $17,110 $101,959
2018 $2,117 $116,735 $16,775 $99,960
2016 $1,995 $112,204 $16,125 $96,079
2015 $1,970 $110,519 $15,883 $94,636
2014 $1,965 $108,355 $15,572 $92,783
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-12452

Pasadena-Foothills Association of REALTORS®

APN: 5746-014-030