M
Seller's Agent in 2020
Matt Ly
Coldwell Banker Realty
(626) 821-1216
24 Total Sales
980 N Altadena Dr Pasadena, CA 91107
Victory Park NeighborhoodEstimated Value: $1,090,000 - $1,373,000
3
Beds
4
Baths
1,776
Sq Ft
$695/Sq Ft
Est. Value
About This Home
As of August 2020Coldwell Banker is pleased to present a 4 unit single story apartment located on the corner of Altadena Dr. and Cooley Pl. with great upside potential located in the City of Pasadena (Not Located in County Area). This quadplex consist 1 - Studio (approximately 265 sf) and 3 – 1 bedroom/1 bathroom (approximately 505 sf) on a corner lot of 6,390 sq ft lot. All units have individual electric and gas meters along with individual electric water heaters. There are 2 two-car garage and 1 carport. This originally kept property is great entry opportunity for any investor looking a rental upside for under $1mil. Pasadena is the ninth largest city in Los Angeles County and is known for high rental demand where tenants can live, work and play locally. The city of Pasadena is also highly recognized for its centralized location, public transportation, and with popular local attractions. Sellers will be doing a 1031 exchange and will be looking for a strong buyer with no loan or appraisal contingencies, ideally with a large down payment or all cash.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 6,391 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- 1 Carport Space
Home Design
- 1,776 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 25
- Tax Tract Number 7446
- Assessor Parcel Number 5751016013
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,273
- Trash Expense $930
- Water Sewer Expense $930
- New Taxes Expense $11,875
- Operating Expense $15,008
- Gross Income $52,836
- Net Operating Income $36,243
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 29, 2020
Closed on
Jun 21, 2020
Sold by
Tan Jerry
Bought by
Tan Jacqueline Cano
Seller's Agent
Matt Ly
Coldwell Banker Realty
Buyer's Agent
Matt Ly
Coldwell Banker Realty
List Price
$950,000
Sold Price
$925,000
Premium/Discount to List
-$25,000
-2.63%
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
$308,535
Avg. Annual Appreciation
5.52%
Purchase Details
Closed on
Jun 17, 2020
Sold by
Bailey Kenneth R and Bailey Bonita B
Bought by
Tan Jacqueline Cano and Tan Julita S
Purchase Details
Closed on
Apr 5, 2004
Sold by
Lowthorp Christopher L and Lowthorp Catherine
Bought by
Lowthorp Christopher L
Purchase Details
Closed on
Jun 29, 1995
Sold by
Bailey Kenneth R and Bailey Bonita B
Bought by
The Bailey Family Trust
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 |
|---|---|---|---|
| Tan Jacqueline Cano | -- | Fidelity National Title Co | |
| Tan Jacqueline Cano | $925,000 | Fidelity National Title Co | |
| Lowthorp Christopher L | -- | -- | |
| The Bailey Family Trust | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/17/2020 08/17/20 | Sold | $925,000 | -2.6% | $521 / Sq Ft |
| 05/30/2020 05/30/20 | Pending | -- | -- | -- |
| 05/29/2020 05/29/20 | For Sale | $950,000 | -- | $535 / 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 | $11,652 | $1,001,247 | $600,749 | $400,498 |
| 2024 | $11,652 | $981,616 | $588,970 | $392,646 |
| 2023 | $11,554 | $962,370 | $577,422 | $384,948 |
| 2022 | $11,161 | $943,500 | $566,100 | $377,400 |
| 2021 | $10,713 | $925,000 | $555,000 | $370,000 |
| 2020 | $4,042 | $309,520 | $127,443 | $182,077 |
| 2019 | $4,045 | $303,452 | $124,945 | $178,507 |
| 2018 | $4,034 | $297,503 | $122,496 | $175,007 |
| 2016 | $3,880 | $285,953 | $117,741 | $168,212 |
| 2015 | $3,834 | $281,659 | $115,973 | $165,686 |
| 2014 | $3,792 | $276,143 | $113,702 | $162,441 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Ly
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR20088722
APN: 5751-016-013
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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