$1,900,000
SOLD JAN 23, 2025
5 Beds
3 Baths
3,480 Sq Ft
5,403 Sq Ft Lot

Recently Sold

$546 Per Sq Ft

5% Below List Price

104 Days on Market

Highlights

  • Open Floorplan
  • Craftsman Architecture
  • Wood Flooring
  • Blair High School Rated A-
  • Mountain View
  • Bonus Room

About This Home

As of January 2025

Presenting the Stanton Carriage House, a historically significant investment opportunity in the desirable Grace Hill neighborhood of southwest Pasadena. Built in 1891 by William Stanton, a relative of Abraham Lincoln’s Secretary of War Edwin M. Stanton, this property was designed by renowned architect Frederick Roehrig, known for his iconic buildings on Pasadena’s historic Millionaire’s Row. Now, the Stanton Carriage House serves as a beautifully remodeled three-unit residential property that seamlessly blends timeless elegance with modern comforts.
137 Grace Terrace offers a spacious, sunlit second-floor unit with two bedrooms, one bath, a bonus room, and a versatile sunroom perfect for a home office or gym. Spanning approximately 1,800 square feet, the open layout includes a large living room and an eat-in kitchen that flows into the dining area. Two private balconies off the living room and kitchen provide stunning valley views, ideal for indoor-outdoor living.
135 Grace Terrace features a first-floor, oversized one-bedroom, one-bath unit of about 800 square feet. This apartment boasts a warm atmosphere with a private balcony off the living room and a cozy breakfast nook off the kitchen that can double as a home office.
133 Grace Terrace completes this exceptional property with a ground-floor, two-bedroom, one-bath unit of approximately 800 square feet. It offers a well-designed layout with a bright living area that flows into the kitchen, creating a welcoming environment for daily living or entertaining. Each bedroom is spacious, providing comfortable retreats.
Upgrades and Amenities: All units have been fully updated with hardwood floors, tile in kitchens and bathrooms, stone countertops, modern appliances, and new plumbing and electrical systems. Additional features include central air conditioning, tankless water heaters, and private garages.
Neighborhood Overview: Grace Hill was once a grand estate featuring Grace Manor and the Stanton Carriage House amid an expansive orange grove. Today, the neighborhood is known for its unique character and proximity to local shops, restaurants, and Old Town Pasadena, just five minutes away.
The Stanton Carriage House is perfect for investors seeking a prime income property or homeowners looking for a spacious, historic residence with rental income potential in one of Pasadena’s most desirable neighborhoods.

Last Agent to Sell the Property

Scott Morris

eXp Realty of Greater Los Angeles, Inc. Brokerage Phone: 818-262-3695 License #00987383 Listed on: 09/04/2024

eXp Realty of Greater Los Angeles, Inc.

Last Buyer's Agent

Beverly Liu

Remax Omega Pasadena License #2017904

Remax Omega Pasadena

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1891 | Remodeled

Lot Details

  • 5,403 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • 5719-013-020

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway Down Slope From Street

Property Views

  • Mountain
  • Valley
  • Neighborhood

Home Design

  • Triplex
  • Craftsman Architecture
  • Entry on the 1st floor

Interior Spaces

  • 3,480 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Living Room
  • Bonus Room
  • Sun or Florida Room
  • Galley Kitchen

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Living Room Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 48
  • Tax Tract Number 6858
  • Assessor Parcel Number 5719013007
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $473
  • Gardener Expense $1,500
  • Insurance Expense $2,720
  • Maintenance Expense $3,130
  • Other Expense $527
  • Pest Control $1,575
  • Professional Management Expense $6,298
  • Water Sewer Expense $1,004
  • Operating Expense $17,462
  • Gross Income $107,988
  • Net Operating Income $90,526

Property Details

Home Type

Multi-Family

Year Built

Built in 1891 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 665000
  • Professional Management Expense: 6298.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1004.00
  • Architectural Style: Craftsman
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 5719013007
  • Year Built: 1891
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceiling Fan(s), High Ceilings, Living Room Balcony, Open Floorplan
  • Stories: 3
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 545.98
  • Room Type: Bonus Room, Galley Kitchen, Kitchen, Living Room, Sun

Exterior Features

  • View: Mountain(s), Neighborhood, Valley
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway Down Slope From Street, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Heating Type: Central
  • Laundry Features: Community, Individual Room, Outside
  • Pest Control Expense: 1575.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5719-013-020
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5403.00
  • Lot Size Acres: 0.1240

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 473.00
  • Gross Income: 107988.00
  • Gross Scheduled Income: 107988.00
  • Insurance Expense: 2720.00
  • Lot Size Area: 5403.0000 Square Feet
  • Maintenance Expense: 3130.00
  • Net Operating Income: 90526.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 17462.00
  • Other Expense: 527.00
  • Other Expense Description: Misc
  • Rent Control: Yes
  • Total Actual Rent: 8999.00
  • Total Expenses: 17462.00

Tax Info

  • Tax Lot: 48
  • Tax Tract Number: 6858

Range of Values:

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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 Change Sq Ft Price
01/23/2025 01/23/25 Sold $1,900,000 -4.8% $546 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
09/04/2024 09/04/24 For Sale $1,995,000 -- $573 / 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: SR24182015

California Regional Multiple Listing Service (CRMLS)