Seller's Agent in 2013
Alexander Metaxas
Realty Investment Advisors, Inc.
(626) 487-4300
3 in this area
39 Total Sales
987 E Del Mar Blvd Pasadena, CA 91106
Playhouse Village Neighborhood
35
Beds
34
Baths
16,384
Sq Ft
17,716
Sq Ft Lot
Highlights
- 17,716 Sq Ft lot
- Subterranean Parking
- Central Heating and Cooling System
- Balcony
- Open Patio
- Ceiling Fan
About This Home
As of March 2013CALL FOR OFFERS BY: 1-6-13 at 7:00pm. EMAIL OR CALL FOR DETAILS. A Very rare offering of 18 apartment units in Pasadena. The Villa Del Mar Apartments offers investors the rare opportunity to acquire an apartment complex in a Prime Pasadena location. The property was constructed in 1987 and features spacious units, central A/C & Heat, ample closet space, subterranean parking with gated/secure entrance, patios & balconies, on-site laundry, secure bicycle storage. The unit mix is One 3 Bed + 2 Bath; Fifteen 2 Bed + 2 Bath; Two 1 Bed + 1 Bath. Just 2 short blocks from S. Lake Avenue with endless restaurants and retail stores. Only1 block from the California Institute of Technology (Cal Tech) campus. There is HUGE UPSIDE in this property with most rents almost 50% below market value. TREMENDOUS value added property and opportunity to own great income property in a Premiere Pasadena location. EXISTING FINANCING ASSUMABLE - 3.5% INT RATE
Last Agent to Sell the Property
Realty Investment Advisors, Inc. License #01784652 Listed on: 12/19/2012
Last Buyer's Agent
YVONNE TSE
License #00908463
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 17,716 Sq Ft Lot
- Sprinkler System
Interior Spaces
- 16,384 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Oven or Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 35 Bedrooms
- 34 Bathrooms
Parking
- 36 Parking Spaces
- Subterranean Parking
Outdoor Features
- Balcony
- Open Patio
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- 18 Units
Listing and Financial Details
- Assessor Parcel Number 5735-028-081
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/26/2013 03/26/13 | Sold | $5,500,000 | +0.9% | $336 / Sq Ft |
| 01/16/2013 01/16/13 | Pending | -- | -- | -- |
| 12/19/2012 12/19/12 | For Sale | $5,450,000 | -- | $333 / Sq Ft |
Source: The MLS
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 | $76,913 | $6,772,845 | $3,725,066 | $3,047,779 |
| 2024 | $76,913 | $6,640,045 | $3,652,026 | $2,988,019 |
| 2023 | $76,285 | $6,509,849 | $3,580,418 | $2,929,431 |
| 2022 | $73,664 | $6,382,206 | $3,510,214 | $2,871,992 |
| 2021 | $70,641 | $6,257,066 | $3,441,387 | $2,815,679 |
| 2019 | $67,994 | $6,073,629 | $3,339,314 | $2,734,315 |
| 2018 | $69,426 | $5,954,582 | $3,273,838 | $2,680,744 |
| 2016 | $67,248 | $5,721,294 | $3,146,712 | $2,574,582 |
| 2015 | $66,510 | $5,635,356 | $3,099,446 | $2,535,910 |
| 2014 | $65,147 | $5,524,969 | $3,038,733 | $2,486,236 |
Source: Public Records
Agents Affiliated with this Home
-
Alexander Metaxas
-
Y
Buyer's Agent in 2013
YVONNE TSE
Map
Source: The MLS
MLS Number: 12-641671
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