NOT LISTED FOR SALE
7 Beds
6 Baths
-- Sq Ft
6,550 Sq Ft Lot

Sale Details

Date Sold: June 20, 2014

Last sale price $625,000

43 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • Laundry Facilities
  • Spanish Architecture

About This Home

As of June 2014

This charming Mission Revival style multi-family income producing property is the one you have been waiting for to come on the market. Good rental income, long term tenants, who always pay on time and help maintain the property.A $50 dollar rent increase per unit, effective June 1,2014, is already reflected on income below. Last vacancy was 3 yrs ago. These 6 units are comprised of: 5-1BR/1BA units and 1-2BR/1BA(unit 9565 1/2). Building was completely painted on the exterior in March 2014. Electrical has been upgraded( 7 separate meters)and the roof was replaced approximately 8 years ago. Six separate gas meters. There are six storage rooms for tenants and unit 9565(tenant related to owner) rents a big portion of the storage area for his use as a workshop($200/month and also the only tenant on a short term lease). All other tenants are on a month-to-month agreement. PLEASE, DO NOT DISTURB THE OCCUPANTS. Strictly drive-by, offer subject to inspection.

Last Agent to Sell the Property

Joseph Freitas

Coldwell Banker Realty License #00876653 Listed on: 04/15/2014

Last Buyer's Agent

Lucille Alves

C-21 Astro License #01845204

C-21 Astro
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,550 Sq Ft Lot
  • Lot Dimensions are 50 x 131

Parking

  • Public Parking

Home Design

  • Spanish Architecture
  • Property Attached
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Block Foundation
  • Frame Construction
  • Composition Roof
  • Plaster
  • Stucco

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Utilities

  • Water Heater

Additional Features

  • Attic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 7106006003

Community Details

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $660
  • Insurance Expense $1,100
  • Trash Expense $864
  • Water Sewer Expense $744
  • Gross Income $56,640
  • Net Operating Income $47,572

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

6,550 Sq Ft Lot

Listing Details

  • Inclusions: Coin operated washing machine and dryer($130-$150/month income approximately).
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • Water Sewer Expenses: 744.00
  • Zoning: BFR3*
  • Architectural Style: Spanish
  • Property Condition: Additions/Alterations, Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 7106006003
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Wood
  • Appliances: Yes
  • Levels: One
  • Room Type: Attic

Exterior Features

  • Foundation: Block, Raised
  • Roof: Composition
  • Construction Materials: Frame, Plaster, Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Public

Utilities

  • Laundry: Yes
  • Appliances: Water Heater
  • Laundry Features: Common Area
  • Trash Expense: 864.00

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size: 50 x 131
  • Lot Size Sq Ft: 6550.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Fuel Expense: 660.00
  • Gross Income: 56640.00
  • Gross Multiplier: 11.03
  • Insurance Expense: 1100.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1800.00
  • Lot Size Area: 6550.0000 Square Feet
  • Net Operating Income: 47572.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 9068.00
  • Other Income1: 2400.00
  • Other Income Description: Workshop at back

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
06/20/2014 06/20/14 Sold $625,000 0.0% --
05/28/2014 05/28/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $625,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-214014362

Pasadena-Foothills Association of REALTORS®
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