NOT LISTED FOR SALE

1341 E Orange Grove Blvd Pasadena, CA 91104

Bungalow Heaven Neighborhood
16 Beds
12 Baths
8,910 Sq Ft
0.4 Acres

Last Sold June 22, 2022

Last sale price $4,000,000 $449 Per Sq Ft

19 Days on Market

Highlights

  • Gated Parking
  • Pasadena High School Rated A
  • 0.4 Acre Lot

About This Home

As of June 2022

We are proud to present this 12-unit apartment building in a great Pasadena location. There is an excellent unit mix which includes Eight One-Bedroom/One-Bath Units, and Four Two-Bedroom/One-Bath Units. The building features a spacious courtyard/patio for residents to enjoy. The building has gated access from the front and gated parking in the back (12 Spaces). Additionally, onsite laundry is available for residents; this affords the building owner some additional income. The property is just a quick drive away from plenty of dining, shopping and entertainment options including Colorado Boulevard where there's a high density of desirable retail locations. Just a few blocks to the south is the 210 Freeway which provides easy access to the surrounding area and job opportunities. For recreation, there are nearby parks including McDonald Park to the north-west and Victory Park to the east. Pasadena City College is also nearby. This opportunity is perfect for an investor looking for a well-located asset with significant upside in the rents.

Last Agent to Sell the Property

Brett Sanson

Marcus & Millichap License #01387480 Listed on: 03/24/2022

Last Buyer's Agent

Brett Sanson

Marcus & Millichap License #01387480 Listed on: 03/24/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 100x174

Interior Spaces

  • 8,910 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms

Parking

  • 12 Parking Spaces
  • Carport
  • Gated Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5739-018-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8910
  • Lot Acreage: 0.3993
  • Lot Dimensions: 100x174
  • Stories: 2
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 12.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 437.71

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking, Gated, Carport
  • Total Parking: 12

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 70.11
  • Assessed Improvement Value: 650143
  • Assessed Land Percent: 29.89
  • Assessed Land Value: 277220
  • Total Assessed Value: 927363
  • Assessor Parcel Number: 5739-018-029
  • Lot Size Area: 17394

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.90
  • Number Of Units: 12
  • Rent Control: 100
  • Type Of Units: Flat

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
06/22/2022 06/22/22 Sold $4,000,000 +2.6% $449 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $3,900,000 -- $438 / Sq Ft
Source: The MLS

Tax History Compared to Growth

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
2025 $48,320 $4,244,831 $1,697,932 $2,546,899
2024 $48,320 $4,161,600 $1,664,640 $2,496,960
2023 $47,923 $4,080,000 $1,632,000 $2,448,000
2022 $12,994 $945,909 $282,764 $663,145
2021 $12,465 $927,363 $277,220 $650,143
2019 $12,047 $900,749 $268,999 $631,750
2018 $12,041 $883,106 $263,725 $619,381
2016 $11,556 $847,960 $253,485 $594,475
2015 $11,422 $835,224 $249,678 $585,546
2014 $11,271 $818,864 $244,788 $574,076
Source: Public Records

Agents Affiliated with this Home

  • Brett Sanson

    Seller's Agent in 2022

    Brett Sanson

    Marcus & Millichap

    (818) 212-2700

    1 in this area

    23 Total Sales

    Brett Sanson
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Map

Source: The MLS

MLS Number: 22-139505

The MLS
California Los Angeles County Pasadena 91104 Bungalow Heaven

1341 E Orange Grove Blvd, Pasadena, CA

Not Listed for Sale

MultiFamily

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