$13,500,000
$1M PRICE DROP

Estimated payment $88,058/month

Total Views 9,978
6 Beds
6 Baths
36,983 Sq Ft
$365 Price per Sq Ft

Highlights

  • Gated Parking
  • 0.49 Acre Lot
  • Community Pool
  • Blair High School Rated A-
  • No HOA
  • 4-minute walk to Grant Park

About This Home

Wilson Apartments and Townhomes community presents a blend of thoughtfully designed residences, including four spacious 3-bedroom, 2.5-bathroom townhomes, six 2-bedroom, 2-bathroom units, and twenty-eight charming 1-bedroom, 1-bathroom units. With many of the units having stylish plank flooring, modern electric stoves, and the comfort of central heating and air conditioning. Nearly half of the AC units have already been upgraded for optimal efficiency. The building has undergone partial re-piping with copper. Additionally, the owner has replaced all electrical sub-panels inside the units. With rents still below market and the ability to modernize the units even further, Wilson Apartments and Townhomes offers investors value-add upside in arguably one of the best locations in the city. The property is in the Caltech neighborhood in Pasadena. This 38-Unit community is a premier asset which rarely comes to market in this absolute A+ location. Boasting an impressive 95 Walk Score—a true walker’s paradise, this coveted address places you just moments, from the charming Shoppes on South Lake, the esteemed Cal Tech Institute of
Technology, and an array of Pasadena’s most beloved attractions, offering an unparalleled lifestyle of convenience and sophistication. Residents enjoy remote accessed gated subterranean parking, featuring 38 assigned, gated spaces. Additional amenities include elevator access from the parking, pool and onsite laundry facility. Best in class location coupled with the amenities, attracts renters ranging from students to professors to local area workforce employees. Looking ahead for investors, there are no requirements for soft story retrofit and SB 721 report has been completed. Whether you seek an exceptional investment opportunity or a property that blends comfort, and prime accessibility, Wilson Apartments and Townhomes is a rare Pasadena community, any astute investor should have interest.

Listing Agent

Kevin Lutz

Keller Williams Realty/Pasadena Brokerage Phone: 626-429-0685 License #00925595 Listed on: 04/14/2025

Keller Williams Realty/Pasadena

Co-Listing Agent

Kevin Hurley

Keller Williams Realty/Pasadena Brokerage Phone: 626-429-0685 License #01237798

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.49 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 38 Car Garage
  • Parking Available
  • Gated Parking

Home Design

  • Apartment

Interior Spaces

  • 36,983 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 5735023032
  • $8,367 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 38 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 36 Leased Units
  • Rent Control
  • 38 Separate Electric Meters
  • 38 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $8,557
  • Fuel Expense $8,673
  • Gardener Expense $7,620
  • Insurance Expense $13,559
  • Maintenance Expense $73,308
  • Other Expense $31,047
  • Pest Control $864
  • Pool Expense $3,050
  • Professional Management Expense $70,354
  • Trash Expense $9,124
  • Water Sewer Expense $17,113
  • New Taxes Expense $147,824
  • Operating Expense $393,089
  • Gross Income $18,036
  • Net Operating Income $622,745

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

38

Listing Details

  • Assessments: Yes
  • CapRate: 4.61
  • Price Per Unit: 355263
  • Professional Management Expense: 70354.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 17113.00
  • Zoning: PSR4
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 7620.00
  • Parcel Number: 5735023032
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 365.03

Exterior Features

  • Pool Expense: 3050.00
  • Pool Features: Community
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 38.00
  • Parking: Yes
  • Parking Features: Gated
  • Total Parking Spaces: 38.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Pest Control Expense: 864.00
  • Sewer: Public Sewer
  • Trash Expense: 9124.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 21457.00
  • Lot Size Acres: 0.4926

Multi Family

  • Electric Expense: 8557.00
  • Fuel Expense: 8673.00
  • Gross Income: 18036.00
  • Gross Multiplier: 12.89
  • Gross Operating Income: 1015834.00
  • Gross Scheduled Income: 1047252.00
  • Insurance Expense: 13559.00
  • Laundry Income: 3984.00
  • Lot Size Area: 21457.0000 Square Feet
  • Maintenance Expense: 73308.00
  • Net Operating Income: 622745.00
  • Number Of Separate Electric Meters: 38
  • Number Of Separate Gas Meters: 38
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 36
  • Number Of Units Total: 38
  • Operating Expense: 343089.00
  • Other Expense: 31047.00
  • Other Income1: 17700.00
  • Other Income Description: RUBS
  • Rent Control: Yes
  • Total Actual Rent: 87271.00
  • Total Expenses: 393089.00
  • Vacancy Allowance: 31418

Tax Info

  • New Taxes Expense: 147824.00
  • Tax Census Tract: 4635.00
  • Tax Lot: 3
  • Tax Tract Number: .
  • TaxOtherAnnualAssessmentAmount: 8367.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/21/2025 07/21/25 Price Changed $13,500,000 -6.9% $365 / Sq Ft
04/14/2025 04/14/25 For Sale $14,500,000 0.0% $392 / Sq Ft
03/05/2025 03/05/25 Off Market $2,200 -- --
01/18/2025 01/18/25 Price Changed $2,200 +4.8% $3 / Sq Ft
01/17/2025 01/17/25 Price Changed $2,100 0.0% $3 / Sq Ft
01/17/2025 01/17/25 For Rent $2,100 +7.7% --
09/14/2022 09/14/22 Price Changed $1,950 -1.3% $3 / Sq Ft
08/23/2022 08/23/22 For Rent $1,975 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Similar Home in Pasadena, CA

  • 820 N Raymond Ave, Pasadena, CA 91103

    $14,900,000

    • 3 Beds
    • 2 Baths
    • 36,228 Sq Ft
    • 820 N Raymond Ave
    • Pasadena, CA

    THE RAYMOND VILLA, a 50-unit value-add garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is within walking distance (±1mile) to Rose Bowl Area and Old Town Pasadena, and situated on a quiet tree-lined street on Raymond Ave and Painter St. This investment offers an ASSUMABLE LOAN with ±57% Loan-To-Value (LTV) at very low 2.9%

    Han Widjaja-Chen Growth Investment Group Pasade

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS25081522

California Regional Multiple Listing Service (CRMLS)