NOT LISTED FOR SALE

981 E Orange Grove Blvd Pasadena, CA 91104

Bungalow Heaven Neighborhood
1 Bed
1 Bath
3,974 Sq Ft
8,655 Sq Ft Lot

Last Sold February 07, 2013

Last sale price $1,750,000 $440 Per Sq Ft

78 Days on Market

About This Home

As of February 2013

Property includes 977 & 981 East Orange Grove on a total of 3 lots. 14 Units in excellent central Pasadena location. Cash Cow Opportunity. Architecturally attractive garden units with abundant landscape. Excellent parking. Diversified unit mix of studios, 1's, 1 + Den and 2's. Only $129k per unit and over 5% cash on cash. Low maintenance building and shows very well. Buyer must verify all information at inspection.See attached marketing package.

Last Agent to Sell the Property

Michael Gourdikian

Pacific West Realty Inv. License #01015826 Listed on: 10/01/2012

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 8,655 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 19 Parking Spaces

Home Design

  • 3,974 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 4624
  • Assessor Parcel Number 5732004014

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 14 Units

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1
  • Insurance Expense $1
  • Maintenance Expense $1
  • Professional Management Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $1
  • Gross Income $12,365
  • Net Operating Income $97,189

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • CapRate: 5.35
  • Professional Management Expense: 1.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1.00
  • Property Type: Residential Income
  • Parcel Number: 5732004014
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 440.36

Garage/Parking

  • Total Parking Spaces: 19.00

Utilities

  • Utilities: Sewer Connected, Water Available
  • Trash Expense: 1.00

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 8655.00
  • Lot Size Acres: 0.1990

Multi Family

  • Electric Expense: 1.00
  • Gross Income: 12365.00
  • Gross Multiplier: 12.20
  • Gross Scheduled Income: 148380.00
  • Insurance Expense: 1.00
  • Lot Size Area: 8655.0000 Square Feet
  • Maintenance Expense: 1.00
  • Net Operating Income: 97189.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 14
  • Operating Expense: 46740.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Lot: 1
  • Tax Tract Number: 4624
  • Tax Year: 2011

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2013 02/07/13 Sold $1,750,000 -3.6% $440 / Sq Ft
01/07/2013 01/07/13 Pending -- -- --
10/21/2012 10/21/12 For Sale $1,815,000 -- $457 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Michael Gourdikian

    Pacific West Realty Inv.

    (626) 355-4020

    Michael Gourdikian
    Section Image

  • N

    Buyer's Agent in 2013

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,180 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR12130943

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91104 Bungalow Heaven

981 E Orange Grove Blvd, Pasadena, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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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