NOT LISTED FOR SALE

171 N Wilson Ave Pasadena, CA 91106

Playhouse Village Neighborhood
39 Beds
39 Baths
18,735 Sq Ft
0.46 Acres

Last Sold October 10, 2013

Last sale price $6,600,000 $352 Per Sq Ft

25 Days on Market

Highlights

  • 0.46 Acre Lot
  • Laundry Room
  • Heating Available
  • Blair High School Rated A-
  • Central Air

About This Home

As of October 2013

Monarch Terrace is a 20-unit luxury apartment community in one of the best locations in the City of Pasadena, California. This offering presents a rare opportunity for investor to acquire a well located, newer built, mostly upgraded luxury apartment community in one of the strongest sub-markets in the West San Gabriel Valley.

The property is a newer construction that was built in 1987 and includes subterranean parking. It boasts an excellent unit mix of Nineteen (19) 2-bedroom and 2-bathroom units and One (1) 1-bedroom and 1-bathroom unit. The property is separately metered for electricity and gas with laundry facility available on-site.

The property has undergone major capital improvements; most were completed in the past 12 months. Some of the recent capital improvements include new exterior paint, new lighting, new signage, etc. The property has secured entrance.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 08/19/2013

Last Buyer's Agent

Norio Kanai

Cosmo Investment License #01111885

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.46 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 43 Car Garage

Home Design

  • 18,735 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 39 Bedrooms
  • 39 Bathrooms

Utilities

  • Central Air
  • Heating Available
  • Shared Septic

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 5738005098

Community Details

Overview

  • 20 Units

Building Details

  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 20 Separate Water Meters
  • Electric Expense $2,700
  • Gardener Expense $2,100
  • Insurance Expense $6,300
  • Maintenance Expense $7,442
  • Other Expense $3,266
  • Professional Management Expense $14,102
  • Trash Expense $4,920
  • Water Sewer Expense $8,088
  • New Taxes Expense $73,683
  • Gross Income $38,145
  • Net Operating Income $301,428

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

43

Listing Details

  • Assessments: Yes
  • Other Phone Description: Agent Direct
  • Other Phone Number: 6265944900
  • Price Per Unit: 324750
  • Professional Management Expense: 14102.00
  • Property Attached: Yes
  • Water Sewer Expenses: 8088.00
  • Property Type: Residential Income
  • Gardener Expense: 2100.00
  • Parcel Number: 5738005098
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 352.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 43.00
  • Total Parking Spaces: 43.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Sewer: Shared Septic
  • Trash Expense: 4920.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 19839.00
  • Lot Size Acres: 0.4550

Multi Family

  • Electric Expense: 2700.00
  • Gross Income: 38145.00
  • Gross Scheduled Income: 457740.00
  • Insurance Expense: 6300.00
  • Lot Size Area: 19839.0000 Square Feet
  • Maintenance Expense: 7442.00
  • Net Operating Income: 301428.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 20
  • Number Of Units Total: 20
  • Operating Expense: 133425.00
  • Other Expense: 3266.00
  • Other Expense Description: others
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 73683.00
  • Tax Year: 2012

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
10/10/2013 10/10/13 Sold $6,600,000 +1.6% $352 / Sq Ft
09/13/2013 09/13/13 Pending -- -- --
08/19/2013 08/19/13 For Sale $6,495,000 -- $347 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Han Widjaja-Chen

    Seller's Agent in 2013

    Han Widjaja-Chen

    GIG Real Estate Inc.

    (626) 594-4901

    4 in this area

    44 Total Sales

    Section Image
  • Norio Kanai

    Buyer's Agent in 2013

    Norio Kanai

    Cosmo Investment

    (562) 548-7972

    7 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13167298

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Pasadena 91106 Playhouse Village

171 N Wilson Ave, Pasadena, CA

This home is located at 171 N Wilson Ave, Pasadena, CA 91106 since 19 August 2013. This property was built in 1987. 171 N Wilson Ave is a home located in Los Angeles County with nearby schools including McKinley School, Blair High School, and International School of Los Angeles-Pasadena.

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.

California Regional Multiple Listing Service (CRMLS) 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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