$6,400,000
SOLD DEC 12, 2025

1218 Pine St South Pasadena, CA 91030

5 Beds
7 Baths
20,447 Sq Ft
0.39 Acres

Recently Sold

$313 Per Sq Ft

12% Below List Price

152 Days on Market

Highlights

  • 0.39 Acre Lot
  • Laundry Room
  • Level Lot
  • Arroyo Vista Elementary Rated A+
  • Central Heating and Cooling System

About This Home

As of December 2025

San Tropez Apartment Homes is a pride of ownership, 3 story building, elevator served, building with a flat rolled composition roof and a slab foundation. The entrance and parking are gated; there is a lobby in the front entrance and interior hallways. Unit Mix: 1- studio/ 1 bath; 4-1 bed/1.5 bath; 11- 2 bed/ 1.75 bath; 1-2/2.5 bath + Den. There are 26 total parking spaces: 2 garages; 15 tuck-under & 9 carports. Some spaces have storage in the parking area. The driveway & parking area is concrete. Individually metered for electric & hot water (all electric building). Owner pays water/sewer & trash. All units have central A/C & heat. There are updated fixtures, hardware and lighting throughout the units. Most units have laminate vinyl flooring some have carpet. Each unit has a dining room and a balcony or patio (except the studio, unit #103). There is a common area laundry room with 2 washers & 2 dryers leased from CSC Service Works. There is a trash chute on each floor for tenants’ convenience. Original galvanized plumbing. Some of the plumbing has been replaced over the years but only as needed. The age of the roof is unknown but is older. Original sub-panels and main panel. Some have been upgraded as units turn over. San Tropez Apartment Homes is under statewide rent control AB 1482. There is no city rent control but on June 28, 2023 the City of South Pasadena adopted and implemented a “Just Cause for Eviction Ordinance” which became permanent on December 15, 2023.

Last Agent to Sell the Property

Kevin Lutz

Keller Williams Realty/Pasadena Brokerage Phone: 626-429-0685 License #00925595 Listed on: 07/14/2025

Keller Williams Realty/Pasadena

Co-Listed By

Kevin Hurley

Keller Williams Realty/Pasadena Brokerage Phone: 626-429-0685 License #01237798

Last Buyer's Agent

Kevin Lutz

Keller Williams Realty/Pasadena Brokerage Phone: 626-429-0685 License #00925595 Listed on: 07/14/2025

Keller Williams Realty/Pasadena

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 0.39 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 2 Car Garage
  • 24 Carport Spaces

Home Design

  • Apartment
  • Entry on the 1st floor
  • Flat Roof Shape
  • Rolled or Hot Mop Roof
  • Composition Roof

Interior Spaces

  • 20,447 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 6 / E
  • Assessor Parcel Number 5319021011
  • $5,835 per year additional tax assessments

Community Details

Building Details

  • 17 Leased Units
  • Rent Control
  • 17 Separate Electric Meters
  • Electric Expense $9,062
  • Gardener Expense $8,467
  • Insurance Expense $17,807
  • Maintenance Expense $33,199
  • Professional Management Expense $17,340
  • Trash Expense $7,745
  • Water Sewer Expense $8,158
  • New Taxes Expense $78,649
  • Operating Expense $197,542
  • Gross Income $2,700
  • Net Operating Income $339,178

Additional Features

  • 17 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Professional Management Expense: 17340.00
  • Property Attached: Yes
  • Water Sewer Expenses: 8158.00
  • Zoning: SPR310000*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 8467.00
  • Parcel Number: 5319021011
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 313.00

Exterior Features

  • Pool Private: No
  • Roof: Composition, Flat, Rolled/Hot Mop
  • Spa: No

Garage/Parking

  • Carport Spaces: 24.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 26.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 7745.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 17136.00
  • Lot Size Acres: 0.3934

Multi Family

  • Electric Expense: 9062.00
  • Gross Income: 2700.00
  • Gross Multiplier: 12.26
  • Gross Operating Income: 536720.00
  • Gross Scheduled Income: 553320.00
  • Insurance Expense: 17807.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2700.00
  • Lot Size Area: 17136.0000 Square Feet
  • Maintenance Expense: 33199.00
  • Net Operating Income: 339178.00
  • Number Of Separate Electric Meters: 17
  • Number Of Units Leased: 17
  • Number Of Units Total: 17
  • Operating Expense: 197542.00
  • Rent Control: Yes
  • Total Actual Rent: 45885.00
  • Total Expenses: 197542.00

Tax Info

  • New Taxes Expense: 78649.00
  • Tax Block: E
  • Tax Census Tract: 4807.04
  • Tax Lot: 6
  • Tax Tract Number: .
  • TaxOtherAnnualAssessmentAmount: 5835.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2025 12/16/25 Off Market $2,595 -- --
12/12/2025 12/12/25 Sold $6,400,000 -5.7% $313 / Sq Ft
09/17/2025 09/17/25 Price Changed $6,785,000 0.0% $332 / Sq Ft
09/17/2025 09/17/25 Price Changed $2,595 +44.6% $3 / Sq Ft
09/16/2025 09/16/25 For Rent $1,795 0.0% --
07/14/2025 07/14/25 For Sale $7,300,000 -- $357 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS25155085

California Regional Multiple Listing Service (CRMLS)