541 529 S El Molino Avenue, Pasadena, CA 91101

240374315 34.13649 -118.13724 124 /listing/240374315-150152286/541-529-s-el-molino-avenue-pasadena-ca-91101 False 0 7900000.0 105 AR19121229 False
  • $7,900,000
  • 30,367 lot
  • Est payment $42408.91/mo

Property & Neighborhood Info

Courtesy Of Handoko Chen, GIG Real Estate Inc.

Multi-Family in Pasadena

A 20-unit apartment investment opportunity located in the highly desirable Playhouse District area of Pasadena, an eclectic cosmopolitan community rich in history and architecture. The property is right in the heart of Pasadena with short walking distance to multiple popular districts such as Old Town Pasadena and Lake Ave Business District. This location in Playhouse District of Pasadena provides a rare opportunity for investor to acquire a value-add apartment in an excellent and highly desirable location in Pasadena sub-market. It is a garden-style apartment community with ±14,815 sqft building size and situated on a large 30,367 sqft R3 lot with an excellent curb-appeal and neatly manicured landscaping. The property consists of 2 parcels (zoned R3), each parcel has a 10-unit apartment. The properties have a shared driveway and shared a laundry room with parking area in the back. There are 17 parking spaces that consist of 14 carports garages in the back and 3 open spaces on its sides. The property does NOT have any tuck-under parking and does NOT require any soft story retrofit. It is individually metered for electricity and gas. The property is in the highly desirable area of Pasadena – more specifically, in the renowned Pasadena Playhouse district situated south of the 210 Freeway. The area has excellent demographics of ±$115,000 average household income within a-mile radius!

Courtesy Of Handoko Chen, GIG Real Estate Inc.
  1. 30,367 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1950
  • Floors: 2
  • County: Los Angeles
  • Units: 20
  • Zoning: PSR3
  • MLS Number:AR19121229

Additional Features

  • Cooling:
    • Wall/Window Unit(s)
  • Laundry:
    • Common Area
  • Fireplace:
    • None
  • Common Walls:
    • 2+ common walls
  • Levels:
    • Two
  • Property Subtype:
    • Apartment
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Faces:
    • East
  • Land Size Source:
    • Assessor
  • Lot Features:
    • 31-35 Units/Acre
    • Lot 20000-39999 Sqft
  • Pool Features:
    • None
  • Carport Spaces:
    • 14.00
  • Parking:
    • Assigned
  • Parking Spaces:
    • 17.00
  • Heating:
    • Natural Gas
    • Wall Furnace
  • Sewer:
    • Public Sewer
  • Utilities:
    • Cable Connected
    • Electricity Connected
    • Natural Gas Connected
    • Phone Connected
    • Sewer Connected
    • Water Connected
  • Community Features:
    • Suburban
    • Valley
  • Number of Buildings:
    • 6
  • Gross Income:
    • 399804.00
  • Net Operating Income:
    • 264048.00
  • CDOM:
    • 31
  • Assessments:
    • Buyer to Verify
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Fuel Exp:
    • 0.00
  • Gross Operating Income:
    • 387810.00
  • Insurance Expense:
    • 3833.00
  • Lot Size Acres:
    • 0.6971
  • Lot Size Area:
    • 30367.0000
  • Lot Size Square Feet:
    • 30367.00
  • Operating Expense:
    • 123762.00
  • Price Per SQFT:
    • 533.24
  • Price Per Unit:
    • 395000
  • Tax ID:
    • 5734019012
  • Total Expenses:
    • 123762.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Laura Thomas
Laura Thomas

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541 529 S El Molino Avenue Pasadena, CA 91101

240374315 34.13649 -118.13724 124 /listing/240374315-150152286/541-529-s-el-molino-avenue-pasadena-ca-91101 False 0 7900000.0 105 AR19121229 False
  • $7,900,000
  • 30,367 lot
  • Est payment $42408.91/mo