$1,950,000

Estimated payment $12,260/month

Total Views 143,629
9 Beds
6 Baths
3,875 Sq Ft
$503 Price per Sq Ft

About This Home

Great potential for investors or owner to live at front 3 bedroom+1 bonus room house, and collect great incomes from the other 3 units. Located in quiet neighborhood. Walking distance to Metro Gold Line & Lake Ave. Two Buildings with 4 Total Units. The front building has 3 bedroom plus 1 bonus room (2 bedroom and bonus room downstairs & 1 bedroom upstairs) with 3 bathroom, about 1,636 sq Ft. The other building is about 2,239 Sq Ft with three units of 2 bedroom 1 bathroom each. 100% Occupancy. This home is conveniently located to Pasadena Downtown/Freeway 210/Bus Stations/Pasadena City College/Art Center College.

Listing Agent

Jenny Wu

IDEAL REALTY Brokerage Phone: 626-840-7958 License #01265839 Listed on: 05/12/2025

Co-Listing Agent

Samuel Wu

IDEAL REALTY Brokerage Phone: 626-840-7958 License #00943726

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,876

Year Built

  • Built in 1962

Lot Details

  • 10,596 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 3,875 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Parking

  • 1 Open Parking Space
  • 4 Parking Spaces
  • 3 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 41
  • Tax Tract Number 462
  • Assessor Parcel Number 5731015011
  • $1,217 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,040
  • Insurance Expense $6,431
  • Trash Expense $320
  • Water Sewer Expense $2,192
  • New Taxes Expense $19,500
  • Operating Expense $30,770
  • Gross Income $108,192
  • Net Operating Income $77,422

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,876

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 4.00
  • Other Phone Description: Jenny Wu
  • Other Phone Number: 6268407958
  • Price Per Unit: 487500
  • Property Attached: Yes
  • Water Sewer Expenses: 2192.00
  • Zoning: PSR1
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2040.00
  • Parcel Number: 5731015011
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: main entry/1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 503.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 320.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10596.00
  • Lot Size Acres: 0.2433

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 108192.00
  • Gross Multiplier: 18.00
  • Gross Scheduled Income: 108192.00
  • Insurance Expense: 6431.00
  • Lot Size Area: 10596.0000 Square Feet
  • Net Operating Income: 77422.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 30770.00
  • Rent Control: Yes
  • Total Actual Rent: 9016.00
  • Total Expenses: 30770.00

Tax Info

  • New Taxes Expense: 19500.00
  • Tax Area: 7500
  • Tax Census Tract: 4622.01
  • Tax Lot: 41
  • Tax Tract Number: 462...
  • TaxOtherAnnualAssessmentAmount: 1217.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $17,876 $1,520,303 $1,159,759 $360,544
2023 $17,727 $1,490,494 $1,137,019 $353,475
2022 $17,122 $1,461,270 $1,114,725 $346,545
2021 $16,424 $1,432,618 $1,092,868 $339,750
2020 $15,777 $1,417,929 $1,081,662 $336,267
2019 $15,817 $1,390,127 $1,060,453 $329,674
2018 $16,023 $1,362,870 $1,039,660 $323,210
2016 $15,510 $1,309,950 $999,290 $310,660
2015 $15,340 $1,290,274 $984,280 $305,994
2014 $11,283 $930,364 $635,271 $295,093
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 For Sale $1,950,000 -- $503 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,265,000 Title 365
Interfamily Deed Transfer -- Title 365
Grant Deed -- None Available
Grant Deed $908,000 Advantage Title Inc
Quit Claim Deed -- Accommodation
Grant Deed $656,000 Advantage Title Inc
Interfamily Deed Transfer -- Advantage Title Inc
Interfamily Deed Transfer -- Accommodation
Grant Deed $590,000 Lsi Title Company Inc
Trustee Deed $712,790 Accommodation
Trustee Deed $619,677 None Available
Interfamily Deed Transfer -- First American Title Co
Interfamily Deed Transfer -- First American Title Co
Interfamily Deed Transfer -- Southland Title
Interfamily Deed Transfer -- Security Union Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $606,171 Adjustable Rate Mortgage/ARM
Previous Owner $525,000 Purchase Money Mortgage
Previous Owner $576,000 Purchase Money Mortgage
Previous Owner $469,000 New Conventional
Previous Owner $350,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Jenny's Other Listings

  • 400 N Atlantic Blvd, Alhambra, CA 91801

    $2,500,000

    • 10 Beds
    • 8 Baths
    • 5,829 Sq Ft
    • 400 N Atlantic Blvd
    • Alhambra, CA

    Presenting a rare opportunity to acquire a Spanish garden-style 8-unit multifamily property located in one of Alhambra’s most desirable rental submarkets. This charming two-story building features excellent curb appeal and strong rental upside potential. Property Highlights: Unit Mix: (2) Two-bedroom, one-bath units; (6) One-bedroom, one-bath units, 8 gated carport spaces (one per unit) Select

    Jenny Wu IDEAL REALTY

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS25105866

California Regional Multiple Listing Service (CRMLS)

APN: 5731-015-011