$1,300,000
SOLD OCT 29, 2024
9 Beds
9 Baths
4,987 Sq Ft
7,741 Sq Ft Lot

Recently Sold

$261 Per Sq Ft

13% Below List Price

121 Days on Market

Highlights

  • Golf Course Community
  • Near a National Forest
  • Laundry Room
  • John Muir High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Accessible Parking

About This Home

As of October 2024

A diamond in the rough nestled adjacent to the charming neighborhood of Bungalow Heaven, and just moments away from the iconic Rose Bowl and the vibrant atmosphere of Old Town, lies this expansive Mid-Century building comprising four units, totaling 4,987 square feet on a generous 7,741 square foot lot. The property is being sold as-is Each unit boasts spacious interiors and dedicated parking spaces. One unit will be available for occupancy upon close of escrow. Centrally located, this four-unit property offers stability for any type of investor, whether a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

Last Agent to Sell the Property

Travis Buhl

COMPASS License #01855483 Listed on: 06/10/2024

COMPASS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,122

Year Built

  • Built in 1965

Lot Details

  • 7,741 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Front Yard

Home Design

  • Split Level Home

Interior Spaces

  • 4,987 Sq Ft Home
  • Decorative Fireplace
  • Carpet
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Automatic Gate

Accessible Home Design

  • Accessible Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Tax Tract Number 462
  • Assessor Parcel Number 5730012006

Community Details

Recreation

  • Golf Course Community

Additional Features

  • Near a National Forest
  • Laundry Facilities
  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,122

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Automatic Gate
  • Subdivision Name Other: Not Applicable
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 5730012006
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Decorative
  • Levels: Multi/Split
  • Price Per Square Foot: 260.68

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Blm/National Forest, Golf

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7741.00
  • Lot Size Acres: 0.1777

Multi Family

  • Lot Size Area: 7741.0000 Square Feet
  • Rent Control: Yes

Tax Info

  • Tax Tract Number: 462...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2024
Closed on
Sep 18, 2024
Sold by
Alexander Thomas Jason
Bought by
Selassie Abiy and Selassie Tsega
Seller's Agent
Travis Buhl
COMPASS
List Price
$1,500,000
Sold Price
$1,300,000
Premium/Discount to List
-$200,000
-13.33%
Views
41
Current Estimated Value
$1,349,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,310
Avg. Annual Appreciation
90.37%
Original Mortgage
$1,040,000
Outstanding Balance
$1,029,802
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$1,118,198

Purchase Details

Closed on
Dec 19, 2005
Sold by
Vaughn Evelyn M
Bought by
Vaughn Evelyn M and The Evelyn M Vaughn Family Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,000
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 9, 2005
Sold by
Estate Of Hilda E Robinson
Bought by
Vaughn Evelyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,000
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 21, 1997
Sold by
Vaughan Evelyn M
Bought by
Vaughan Evelyn M and Evelyn M Vaughan Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.94%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $1,300,000 Consumers Title Company
Interfamily Deed Transfer -- Fidelity Van Nuys
Interfamily Deed Transfer -- Fidelity Van Nuys
Personal Reps Deed $237,500 Fidelity Van Nuys
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,040,000 New Conventional
Previous Owner $565,000 Negative Amortization
Previous Owner $565,000 Negative Amortization
Previous Owner $125,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $1,300,000 -13.3% $261 / Sq Ft
10/09/2024 10/09/24 Pending -- -- --
06/10/2024 06/10/24 For Sale $1,500,000 -- $301 / 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 $18,122 $1,300,000 $722,000 $578,000
2024 $18,122 $1,543,968 $857,760 $686,208
2023 $17,973 $1,513,695 $840,942 $672,753
2022 $17,359 $1,484,015 $824,453 $659,562
2021 $16,645 $1,454,918 $808,288 $646,630
2019 $7,914 $643,967 $423,416 $220,551
2018 $7,939 $631,351 $415,114 $216,237
2016 $7,634 $606,356 $398,996 $207,360
2015 $7,549 $597,249 $393,003 $204,246
2014 $7,419 $585,551 $385,305 $200,246
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-18011

Pasadena-Foothills Association of REALTORS®

APN: 5730-012-006