NOT LISTED FOR SALE

Pasadena, CA 91106

Madison Heights Neighborhood
17 Beds
12 Baths
6,484 Sq Ft
10,103 Sq Ft Lot

Last Sold July 20, 2016

Last sale price $2,500,000 $386 Per Sq Ft

124 Days on Market

Highlights

  • Contemporary Architecture
  • Granite Countertops
  • Walk-In Closet
  • Blair High School Rated A-
  • No HOA
  • Living Room

About This Home

As of July 2016

The property is a 6-unit, 2-story apartment building in a quiet Pasadena neighborhood near Old Town Pasadena, South Lake District, Cal Tech; close to the Metro line, the 110 Fwy entrance and the 210 & 134 Fwys. The building is well maintained and in good condition. The building consists of 5 spacious 3-bedroom apartments, one 2-bedroom apartment, a laundry room and a carport with 9 parking spaces. Each unit has living room, kitchen with a small dining area, a master bedroom with a walk-in closet, two bath rooms and cabinets that provide ample storage space. Each unit also has a stove/oven, dishwasher & HVAC. The 2 rear second-floor units have remodeled kitchen cabinets & counter tops. The 3 top units have a balcony outside the kitchen/dining area. The front ground unit has a large patio area with access to the front garden area. The other 2 ground units have small patio areas outside the kitchen/dining area. The laundry room has 2 washers & 2 dryers. The 9-space carport offers one parking space/unit, the extra 3 spaces are assigned to the 3, most senior tenants that request an extra space. Tenants may park on the street but need permit from the City for regular overnight parking. Each parking space has a storage cabinet that can be secure by a padlock.

Last Agent to Sell the Property

Gloria Demonteverde

Demonteverde Realty License #00454895 Listed on: 02/28/2016

Last Buyer's Agent

Gloria Demonteverde

Demonteverde Realty License #00454895 Listed on: 02/28/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 10,103 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Density is 6-10 Units/Acre

Home Design

  • Contemporary Architecture
  • Property Attached

Interior Spaces

  • 6,484 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Storage
  • Laundry Room
  • Center Hall

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 17 Bedrooms
  • Walk-In Closet
  • 12 Bathrooms
  • Low Flow Plumbing Fixtures

Parking

  • 18 Car Garage
  • 9 Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Shared Driveway
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 24
  • Tax Tract Number 4640
  • Assessor Parcel Number 5720023010

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Electric Expense $600
  • Gardener Expense $1,800
  • Insurance Expense $2,201
  • Maintenance Expense $2,400
  • Pest Control $240
  • Professional Management Expense $5,860
  • Supplies Expense $250
  • Trash Expense $1,800
  • Water Sewer Expense $2,700
  • New Taxes Expense $23,624
  • Gross Income $10,180
  • Net Operating Income $73,638

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 5860.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Supplies Expense: 250.00
  • View: No
  • Water Sewer Expenses: 2700.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5720023010
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Storage
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 385.56
  • Room Type: Center Hall, Living Room, Master Bedroom, Walk-In Closet

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Carport, Shared Driveway, Built-In Storage
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Range Hood
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Pest Control Expense: 240.00
  • Trash Expense: 1800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Green Features

  • Green Water Conservation: Flow Control

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 10103.00
  • Price Per Lot Square Foot: 262.30
  • Lot Size Acres: 0.2320

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 1090
  • Average2 Bed Area: 1275
  • Electric Expense: 600.00
  • Gross Income: 10180.00
  • Gross Scheduled Income: 123540.00
  • Insurance Expense: 2201.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 10103.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 73638.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Operating Expense: 43725.00
  • Other Income Description: Laundry Room
  • Rent Control: No
  • Total Actual Rent: 10180.00
  • Vacancy Allowance: 6177
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 23624.00
  • Tax Lot: 24
  • Tax Tract Number: 4640.0

Range of Values:

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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 Change Sq Ft Price
07/20/2016 07/20/16 Sold $2,500,000 -5.7% $386 / Sq Ft
05/27/2016 05/27/16 Pending -- -- --
01/24/2016 01/24/16 For Sale $2,650,000 -- $409 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    Gloria Demonteverde

    Demonteverde Realty

See All Agents

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16015332

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91106

Madison Heights

This home since 28 February 2016. This property was built in 1968. This home is a home located in Los Angeles County with nearby schools including McKinley School, Blair High School, and The Waverly School.

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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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