M
Seller's Agent in 2023
Matt Ly
Coldwell Banker Realty
(626) 821-1216
1 in this area
23 Total Sales
1365 N Mentor Ave Pasadena, CA 91104
Historic Highlands NeighborhoodEstimated Value: $2,133,000 - $2,240,043
6
Beds
5
Baths
3,736
Sq Ft
$585/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Cooling Available
- Heating Available
- Pasadena High School Rated A
- Laundry Room
About This Home
As of June 2023This attractive 1936 Mediterranean style apartment complex offers a great opportunity for investors and first-time buyers alike. Within its two separate buildings, a duplex and a triplex, this complex offers five units with all the period-appropriate features of its era such as flooring, tile, cabinet and fixtures, but with the added convenience of modern amenities. Such amenities include mini split heat and air conditioners, individual electric and gas meters, and individual water heaters. Four single car private garages are rented separately and can be reconfigured to one Large 2 Bedroom ADU. The seller's 1.075M loan is assumable with a favorable interest rate of 3.15% fixed until May 2026. This turnkey apartment complex is perfect for anyone looking to invest in a property that offers both vintage charm and modern convenience.
Last Agent to Sell the Property
Coldwell Banker Realty License #01441481 Listed on: 03/23/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1936
Lot Details
- 7,113 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Split Level Home
- Apartment
- Planned Development
Interior Spaces
- 3,736 Sq Ft Home
- Wood Flooring
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Location
- Urban Location
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 20
- Assessor Parcel Number 5848029019
- $1,160 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $742
- Fuel Expense $576
- Gardener Expense $2,700
- Insurance Expense $3,000
- Maintenance Expense $5,000
- Other Expense $1,000
- Trash Expense $1,388
- Water Sewer Expense $1,388
- New Taxes Expense $26,188
- Operating Expense $41,983
- Gross Income $129,977
- Net Operating Income $70,771
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 23, 2023
Closed on
Apr 17, 2023
Sold by
M B Equity Llc
Bought by
1365 Mentor Llc
Seller's Agent
Matt Ly
Coldwell Banker Realty
Buyer's Agent
David Nalbandyan
LA Premier Realty
List Price
$20,950,000
Sold Price
$1,975,000
Premium/Discount to List
-$18,975,000
-90.57%
Views
69
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,522
Avg. Annual Appreciation
3.83%
Original Mortgage
$1,075,000
Interest Rate
6.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 25, 2016
Sold by
Lavick Neil A
Bought by
M B Equity Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.54%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1365 Mentor Llc | $900,000 | Old Republic Title Company | |
| 1365 Mentor Llc | $900,000 | Old Republic Title Company | |
| M B Equity Llc | $1,250,000 | North American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 1365 Mentor Llc | $1,075,000 | |
| Previous Owner | M B Equity Llc | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/08/2023 06/08/23 | Sold | $1,975,000 | -90.6% | $529 / Sq Ft |
| 04/12/2023 04/12/23 | Pending | -- | -- | -- |
| 03/23/2023 03/23/23 | For Sale | $20,950,000 | -- | $5,608 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $20,381 | $1,742,670 | $702,270 | $1,040,400 |
| 2024 | $20,381 | $1,708,500 | $688,500 | $1,020,000 |
| 2023 | $16,627 | $1,394,397 | $836,638 | $557,759 |
| 2022 | $16,059 | $1,367,057 | $820,234 | $546,823 |
| 2021 | $15,404 | $1,340,252 | $804,151 | $536,101 |
| 2019 | $14,834 | $1,300,700 | $780,300 | $520,400 |
| 2018 | $15,115 | $1,275,200 | $765,000 | $510,200 |
| 2016 | $4,177 | $291,668 | $137,253 | $154,415 |
| 2015 | $4,127 | $287,288 | $135,192 | $152,096 |
| 2014 | $4,082 | $281,661 | $132,544 | $149,117 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Ly
-
David Nalbandyan
Buyer's Agent in 2023
David Nalbandyan
LA Premier Realty
(818) 424-6437
1 in this area
83 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR23042899
APN: 5848-029-019
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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