NOT LISTED FOR SALE

Pasadena, CA 91104

East Washington Village Neighborhood

Estimated Value: $1,446,864

-- Bed
-- Bath
-- Sq Ft
5,318 Sq Ft Lot

Last Sold November 27, 2013

Last sale price $727,500

Est. 99% increase in value since last sale

Current estimated payment $8,515/month

42 Days on Market

Highlights

  • Traditional Architecture
  • Pasadena High School Rated A
  • Heating System Uses Natural Gas

About This Home

As of November 2013

4 unit apartment building PLUS a commercial unit in front being used as a beauty salon (with large signage). Total 4 beds 4 baths. This mixed use property is 2 buildings: the front building is the commercial unit with two 1 bed/1 bath units, and the rear building is 2 story with two 1 bed/1 bath units covering 4 individual garages with alley access. GSI $45k/yr. with tremendous upside, and NO rent control in Pasadena. First time on the market in decades. Wood frame stucco units from the 50's are excellent bread and butter units. 4 electric and 4 gas meters, 4 water heaters. County use code: Stores and residential. Fully occupied with stable tenants. Conveniently located, and all in good condition. In the county portion of Pasadena. Trust sale with no confirmation. Do not go onto property.

Last Agent to Sell the Property

Michael Bell

Sotheby's International Realty, Inc. License #01164731 Listed on: 10/12/2013

Sotheby's International Realty, Inc.

Last Buyer's Agent

Armen Simonian

Keller Williams R. E. Services License #00931297

Keller Williams R. E. Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,318 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • Traditional Architecture
  • Cosmetic Repairs Needed
  • Major Repairs Completed

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5853018030

Community Details

Overview

  • 5 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $45,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: Store and resid
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic, Repairs Major
  • Property Type: Residential Income
  • Parcel Number: 5853018030
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Water Heater, Refrigerator
  • Heating Type: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5318.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 45000.00
  • Lot Size Area: 5318.0000 Square Feet
  • Net Operating Income: 45000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2013
Closed on
Oct 31, 2013
Sold by
George William C
Bought by
Bardakjian Levon H and Bardakjian Sylvia R
Seller's Agent
Michael Bell
Sotheby's International Realty, Inc.
Buyer's Agent
Armen Simonian
Keller Williams R. E. Services
List Price
$740,000
Sold Price
$727,500
Premium/Discount to List
-$12,500
-1.69%
Current Estimated Value
$1,446,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$719,364
Avg. Annual Appreciation
5.85%

Purchase Details

Closed on
Sep 27, 2002
Sold by
George Victor and George Gloria A
Bought by
George Victor

Purchase Details

Closed on
Aug 17, 1993
Sold by
George William E
Bought by
George Victor
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Bardakjian Levon H $727,500 Ortc
George Victor -- --
George Victor -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2013 11/27/13 Sold $727,500 -1.7% --
11/23/2013 11/23/13 Pending -- -- --
10/12/2013 10/12/13 For Sale $740,000 -- --
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 $11,216 $891,804 $367,754 $524,050
2024 $11,216 $874,319 $360,544 $513,775
2023 $11,113 $857,176 $353,475 $503,701
2022 $10,792 $840,370 $346,545 $493,825
2021 $10,149 $823,893 $339,750 $484,143
2019 $9,834 $799,458 $329,674 $469,784
2018 $9,877 $783,783 $323,210 $460,573
2016 $9,554 $753,350 $310,660 $442,690
2015 $9,450 $742,035 $305,994 $436,041
2014 $9,260 $727,500 $300,000 $427,500
Source: Public Records

Agents Affiliated with this Home

  • Michael Bell

    Seller's Agent in 2013

    Michael Bell

    Sotheby's International Realty, Inc.

    (626) 796-4100

    1 in this area

    111 Total Sales

    Michael Bell
    Section Image
  • Armen Simonian

    Buyer's Agent in 2013

    Armen Simonian

    Keller Williams R. E. Services

    (818) 432-3200

    14 Total Sales

    Armen Simonian
    Section Image
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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22180831

Pasadena-Foothills Association of REALTORS®

APN: 5853-018-030

California Los Angeles County Pasadena 91104

East Washington Village

Not Listed for Sale

MultiFamily

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