NOT LISTED FOR SALE
16 Beds
10 Baths
8,165 Sq Ft
10,000 Sq Ft Lot

Last Sold May 07, 2021

Last sale price $3,175,000 $389 Per Sq Ft

125 Days on Market

Highlights

  • Contemporary Architecture
  • Cooling System Mounted To A Wall/Window
  • Accessible Parking
  • Blair High School Rated A-
  • Laundry Room
  • Bike Trail

About This Home

As of May 2021

Pleased to present the opportunity to acquire 135 N Wilson Ave a 12 unit multifamily investment property located in Pasadena, CA. Situated on a 10,000 square foot lot, the 8,165 square foot property of 12 units with A/C consisting of 8 - 2 bedroom units, 2 - one-bedroom units and 2 Studios and offers 12 covered parking, and on-site laundry. Less than one mile from the Gold Metro Line Pasadena Station, Walk to Target, Trader Joe’s and Pasadena City College with convenient access to a variety of grocers, retailers, dining, and entertainment options in down town Pasadena. Residents commute to other cities for work, the subject property’s close proximity to Interstate 210 will help to attract a wide variety of renters. Family operated investment with rents far below market rates. Great up side potential.

Last Agent to Sell the Property

ROBERT BODKIN

BODKIN CO., REALTORS License #00543199 Listed on: 08/01/2020

Last Buyer's Agent

ROBERT BODKIN

BODKIN CO., REALTORS License #00543199 Listed on: 08/01/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 10,000 Sq Ft Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre

Parking

  • 12 Car Garage
  • 12 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 8,165 Sq Ft Home
  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Accessible Home Design

  • Accessible Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 2
  • Assessor Parcel Number 5738005003

Community Details

Overview

  • 2 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 12 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $1,190
  • Gardener Expense $1,836
  • Insurance Expense $4,065
  • Maintenance Expense $9,687
  • Supplies Expense $1,152
  • Trash Expense $21,477
  • Water Sewer Expense $4,500
  • New Taxes Expense $40,000
  • Operating Expense $83,907
  • Gross Income $200,496
  • Net Operating Income $159,716

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

12

Listing Details

  • Assessments: No
  • CapRate: 5.00
  • Price Per Unit: 308166
  • Property Attached: Yes
  • Supplies Expense: 1152.00
  • View: No
  • Water Sewer Expenses: 4500.00
  • Zoning: PSR4
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1836.00
  • Parcel Number: 5738005003
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Accessibility Features: Parking
  • Levels: Two
  • Price Per Square Foot: 388.85
  • Room Type: Kitchen

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 12.00
  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 21477.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 10000.00
  • Lot Size Acres: 0.2296
  • Latitude Manual: 34.14840700

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 790 Square Feet
  • Average Studio Area: 305 Square Feet
  • Electric Expense: 1190.00
  • Gross Multiplier: 16.00
  • Gross Operating Income: 200496.00
  • Gross Scheduled Income: 204588.00
  • Gross Spendable Income: 159716.00
  • Insurance Expense: 4065.00
  • Laundry Income: 600.00
  • Lot Size Area: 10000.0000 Square Feet
  • Maintenance Expense: 9687.00
  • Net Operating Income: 159716.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Number Wall A C: 12
  • Number With Carpet: 12
  • Number With Patio: 1
  • Number With Range: 12
  • Operating Expense: 40780.00
  • Operating Expense Percent: 20.00
  • Rent Control: Yes
  • Total Expenses: 83907.00
  • Vacancy Allowance: 4092
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 40000.00
  • Tax Census Tract: 4623.02
  • Tax Lot: 2
  • Tax Tract Number: Hull

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
05/07/2021 05/07/21 Sold $3,175,000 -3.7% $389 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
11/30/2020 11/30/20 Price Changed $3,298,000 -10.8% $404 / Sq Ft
08/01/2020 08/01/20 For Sale $3,698,000 -- $453 / 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: WS20154173

California Regional Multiple Listing Service (CRMLS)

APN: 5735-024-006