1020 Meridian Ave South Pasadena, CA 91030
5
Beds
3
Baths
2,214
Sq Ft
9,474
Sq Ft Lot
Highlights
- All Bedrooms Downstairs
- 3-minute walk to South Pasadena
- Laundry Room
- Arroyo Vista Elementary Rated A+
- Cooling System Mounted To A Wall/Window
- 4-minute walk to Orange Grove Park
About This Home
As of February 2025These 3 Bungalow units are in the heart of South Pasadena consisting of a 3 bedroom, 2 bathroom, den/convertible bedroom, living room home, 1,047 sf (M), and 2 - 1 bedroom, 1 bathroom with living room, patio or gated side yard, measuring 559 sf and 608 sf. Great opportunity to live in one unit and enjoy the income from the other units or keep as a long-term investment. Owned by the same family since 1980, these units still maintain some of the original charm and are ready for a refresh. Each unit comes with its own stove and refrigerator and there is shared laundry enclosure with washer and dryer on the exterior of the front building. A large concrete pad provides space for 6 cars, parked tandem off-street. Landlord pays water, trash, and gardener. Tenants pay gas and electric. Gas and Electric are metered separately. There is additional land that may provide space for ADU (buyer to verify). A block from the Metro Station and just yards from the weekly Farmer's Market, shops, restaurants, and library. Offering South Pasadena schools. Property is on the city's historic list. 1020 Meridian (3bd/2ba + bonus room): To be Delivered Vacant at Close of Escrow. 1020 1/2 Meridian: Tenant Occupied. 1020 1/4 Meridian: Tenant Occupied.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,928
Year Built
- Built in 1901
Lot Details
- 9,474 Sq Ft Lot
- No Common Walls
- West Facing Home
- Wood Fence
- Needs Fence Repair
- Drip System Landscaping
- Sprinkler System
Home Design
- 2,214 Sq Ft Home
- Triplex
- Bungalow
- Major Repairs Completed
- Fixer Upper
- Raised Foundation
- Slab Foundation
- Composition Roof
Kitchen
- Free-Standing Range
Bedrooms and Bathrooms
- 5 Bedrooms
- All Bedrooms Down
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 6 Parking Spaces
- Parking Available
- Paved Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 9,11
- Tax Tract Number 480
- Assessor Parcel Number 5315006021
- Seller Considering Concessions
Community Details
Overview
- 3 Buildings
- 3 Units
- Orange Grove Park
Amenities
- Laundry Facilities
Recreation
- Dog Park
- Bike Trail
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,682
- Other Expense $670
- Water Sewer Expense $3,475
- Operating Expense $7,027
- Gross Income $41,400
- Net Operating Income $361
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/27/2025 02/27/25 | Sold | $1,850,000 | 0.0% | $836 / Sq Ft |
| 01/25/2025 01/25/25 | Pending | -- | -- | -- |
| 01/16/2025 01/16/25 | Off Market | $1,850,000 | -- | -- |
| 01/06/2025 01/06/25 | For Sale | $1,398,000 | -- | $631 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
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 |
|---|---|---|---|---|
| 2024 | $2,928 | $155,454 | $144,444 | $11,010 |
| 2023 | $2,871 | $152,407 | $141,612 | $10,795 |
| 2022 | $2,812 | $149,420 | $138,836 | $10,584 |
| 2021 | $2,755 | $146,491 | $136,114 | $10,377 |
| 2020 | $2,715 | $144,990 | $134,719 | $10,271 |
| 2019 | $2,674 | $142,148 | $132,078 | $10,070 |
| 2018 | $2,509 | $139,362 | $129,489 | $9,873 |
| 2016 | $2,345 | $133,952 | $124,461 | $9,491 |
| 2015 | $2,309 | $131,941 | $122,592 | $9,349 |
| 2014 | $2,301 | $129,357 | $120,191 | $9,166 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,295,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,850,000 | California Title Company | |
| Grant Deed | -- | None Listed On Document | |
| Gift Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Ticor Title Company | |
| Interfamily Deed Transfer | -- | Accommodation |
Source: Public Records
Similar Home in South Pasadena, CA
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-20278
APN: 5315-006-021
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