NOT LISTED FOR SALE

1434 El Sereno Ave Pasadena, CA 91103

Muir Heights Neighborhood
16 Beds
8 Baths
7,168 Sq Ft
0.46 Acres

Last Sold July 01, 2024

Last sale price $2,500,000 $349 Per Sq Ft

7 Days on Market

Highlights

  • 0.46 Acre Lot
  • 1-Story Property
  • 4-minute walk to La Pintoresca Park

About This Home

As of July 2024

5% CAP RATE ON CURRENT RENTS! Presenting an excellent opportunity to purchase an 8 unit multi-family apartment property with very desirable qualities, good in place rents with room for future growth. At close 900 SF each these spacious units are all 2 bedroom + 1 bath and feature W/D hookups inside, front patios acting an extension of the living space and are separately metered for gas and electricity. The two single-story buildings have pitched roofs, require NO soft-story retrofitting and are situated on a oversized, corner lot that is nearly 20,000 SF with carport parking in the rear. This property is part of Pasadena city rent control laws. Please do not go on the property and disturb any tenants. Drive by only. Offers subject to inspection.

Last Agent to Sell the Property

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652 Listed on: 06/03/2024

Last Buyer's Agent

Jason Anderson

Seven Gables Real Estate License #02089130

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 0.46 Acre Lot

Home Design

  • Shingle Roof

Interior Spaces

  • 7,168 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 5728-015-051

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 7168
  • Lot Acreage: 0.4582
  • Stories: 1
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Laundry: In Unit
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 348.63

Exterior Features

  • Other Structures: None
  • Pool: No
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 8
  • Parking Garage: Carport
  • Total Parking: 8

Utilities

  • Cooling: Window Unit(s), Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 60.24
  • Assessed Improvement Value: 362074
  • Assessed Land Percent: 39.76
  • Assessed Land Value: 238966
  • Total Assessed Value: 601040
  • Assessor Parcel Number: 5728-015-051
  • Lot Size Area: 19959

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106
  • Number Of Units: 8
  • Rent Control: 100
  • Type Of Units: Apartments

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
07/01/2024 07/01/24 Sold $2,500,000 0.0% $349 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
06/03/2024 06/03/24 For Sale $2,499,000 -- $349 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alexander Metaxas

    Seller's Agent in 2024

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    1 in this area

    37 Total Sales

    Alexander Metaxas
    Section Image

  • J

    Buyer's Agent in 2024

    Jason Anderson

    Seven Gables Real Estate

    (714) 955-4872

    1 in this area

    16 Total Sales

    Jason Anderson
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-399645

The MLS
California Los Angeles County Pasadena 91103 Muir Heights

1434 El Sereno Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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