Seller's Agent in 2024
Meg Middleman
Century 21 Masters
(626) 788-8980
47 in this area
97 Total Sales
2045 Meridian Ave South Pasadena, CA 91030
Estimated Value: $1,553,386 - $1,624,000
6
Beds
3
Baths
2,647
Sq Ft
$596/Sq Ft
Est. Value
Highlights
- All Bedrooms Downstairs
- Traditional Architecture
- Balcony
- Monterey Hills Elementary Rated A+
- Wood Flooring
- Cooling System Mounted To A Wall/Window
About This Home
As of June 2024Presenting a remarkable investment prospect in the heart of South Pasadena! This charming Triplex, nestled at 2045 Meridian Ave, showcases three units, each with two bedrooms and one bathroom and their own detached one-car garage. Built in 1949, it retains the captivating original details that epitomize the timeless appeal of the mid-century era. Unit A is a single-story unit with spacious living areas and a cozy feel. It has a laundry hook-up in the kitchen. Unit B has the same layout, providing abundant natural light and original finishes. It has a private laundry room. Unit C offers a sunny and positive atmosphere on the upper floor with a functional design and a small private balcony overlooking the charming courtyard. It has laundry hookups off the kitchen. There is a delightful shared patio courtyard accessible to all three units. This property is perfect for investors looking to add an income-generating asset to their portfolio or for owner-occupants seeking a multi-family residence in a desirable location. With easy access to award-winning South Pasadena schools, particularly SPHS, parks, shops, and dining options, this Triplex offers convenient living in one of the town's most desirable neighborhoods. Take advantage of this opportunity to own a piece of prime real estate in South Pasadena. All rentals are month to month.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,566
Year Built
- Built in 1949
Lot Details
- 7,237 Sq Ft Lot
- 1 Common Wall
- East Facing Home
- Wood Fence
- Chain Link Fence
- Front Yard
Parking
- 3 Car Garage
- Parking Available
- Off-Street Parking
Home Design
- Traditional Architecture
- Property Attached
- Raised Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 2,647 Sq Ft Home
- 2-Story Property
- Blinds
- Window Screens
- Living Room
- Storage
Kitchen
- Gas Oven
- Range Hood
- Tile Countertops
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- All Bedrooms Down
- All Upper Level Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry on upper level
- Laundry in Kitchen
- Stacked Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Balcony
- Shed
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
Community Details
- 3 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $125
- Trash Expense $1,100
- Water Sewer Expense $2,400
- Operating Expense $21,625
- Gross Income $87,000
- Net Operating Income $69,000
Listing and Financial Details
- Tenant pays for electricity, telephone, gas
- Tax Lot 25
- Assessor Parcel Number 5310019002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 30, 2024
Closed on
Jun 11, 2024
Sold by
Nielsen Maryann Ruth
Bought by
Wang Kenny and Wang Belinda
Seller's Agent
Meg Middleman
Century 21 Masters
Buyer's Agent
Belinda Wang
Trupoint Realty
List Price
$1,800,000
Sold Price
$1,583,050
Premium/Discount to List
-$216,950
-12.05%
Total Days on Market
19
Views
77
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,203
Avg. Annual Appreciation
0.04%
Original Mortgage
$833,050
Outstanding Balance
$827,709
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$755,843
Purchase Details
Closed on
Jan 17, 2024
Sold by
Nielsen Family Exemption Trust and Nielsen Family Survivors Trust
Bought by
Nielsen Maryann Ruth
Purchase Details
Closed on
Dec 8, 2023
Sold by
Nielsen Douglas Franklin
Bought by
Nielsen Family Trust and Nielsen
Purchase Details
Closed on
Oct 26, 2011
Sold by
Nielsen Douglas F
Bought by
Nielsen Douglas F and The Nielsen Family Exemption Trust
Purchase Details
Closed on
Oct 26, 2004
Sold by
Nielsen Douglas F
Bought by
Nielsen Douglas and Nielsen Helene
Purchase Details
Closed on
Mar 23, 2000
Sold by
Tarantino Richard
Bought by
Nielsen Douglas F and Nielsen Helene R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,400
Interest Rate
8.06%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wang Kenny | $1,583,500 | Chicago Title Company | |
| Nielsen Maryann Ruth | -- | Chicago Title Company | |
| Nielsen Maryann Ruth | -- | None Listed On Document | |
| Nielsen Douglas F | -- | None Available | |
| Nielsen Douglas F | -- | None Available | |
| Nielsen Douglas | -- | -- | |
| Nielsen Douglas F | $298,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wang Kenny | $833,050 | |
| Previous Owner | Nielsen Douglas F | $238,400 | |
| Previous Owner | Tarantino Richard | $155,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2024 06/18/24 | Sold | $1,583,050 | -12.1% | $598 / Sq Ft |
| 05/18/2024 05/18/24 | Pending | -- | -- | -- |
| 04/29/2024 04/29/24 | For Sale | $1,800,000 | -- | $680 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
Tax History Compared to Growth
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 | $6,566 | $449,019 | $256,154 | $192,865 |
| 2023 | $6,434 | $440,216 | $251,132 | $189,084 |
| 2022 | $6,294 | $431,585 | $246,208 | $185,377 |
| 2021 | $6,173 | $423,124 | $241,381 | $181,743 |
| 2019 | $5,995 | $410,575 | $234,222 | $176,353 |
| 2018 | $5,799 | $402,526 | $229,630 | $172,896 |
| 2016 | $5,385 | $386,897 | $220,714 | $166,183 |
| 2015 | $5,298 | $381,086 | $217,399 | $163,687 |
| 2014 | $5,249 | $373,622 | $213,141 | $160,481 |
Source: Public Records
Agents Affiliated with this Home
-
Meg Middleman
-
Belinda Wang
Buyer's Agent in 2024
Belinda Wang
Trupoint Realty
(213) 268-0278
1 in this area
39 Total Sales
Map
Similar Home in South Pasadena, CA
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-17442
APN: 5310-019-002
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