NOT LISTED FOR SALE

290 E Glenarm St Pasadena, CA 91106

Madison Heights Neighborhood
2 Beds
1 Bath
3,766 Sq Ft
8,364 Sq Ft Lot

Last Sold March 26, 2012

Last sale price $1,150,000 $305 Per Sq Ft

5 Days on Market

About This Home

As of March 2012

The subject property is a five-unit, pride-of-ownership apartment complex in an A+ Pasadena location.The seller recently invested over $170,000 in upgrades, including electrical, windows, kitchens, bathrooms, HVAC and roof. A detailed description and photos of the upgrades is included in the marketing package.The property consists of two one-bedroom/one-bath and two two-bedroom/one-bath units in the main building and a studio unit over the carport area. The units include hardwood floors and many attractive architectural details. The complex also includes five carport parking spaces and a laundry room.The prestigious Madison Heights neighborhood is comprised of many high end single family homes and is only blocks from the Lake Avenue commercial corridor, California Institute of Technology (Caltech) and the world-class Langham Hotel and Spa.This is a rare opportunity to purchase an income property, in excellent condition, located in this exclusive Pasadena neighborhood.

Last Agent to Sell the Property

Barry Gordon

Marcus & Millichap License #00925711 Listed on: 02/10/2012

Last Buyer's Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,364 Sq Ft Lot

Interior Spaces

  • 3,766 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Parking Spaces
  • Carport

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5324-004-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3766
  • Stories: 2
  • Year Built: 1925
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 292.09

Exterior Features

  • Pool: No

Garage/Parking

  • Covered Parking: 5
  • Parking Garage: Carport
  • Total Parking: 5

Lot Info

  • Assessed Improvement Value: 270608
  • Assessed Land Value: 806410
  • Assessor Parcel Number: 5324-004-008
  • Lot Size Area: 8364

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.36
  • Number Of Units: 5
  • Type Of Units: Mixed

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
03/26/2012 03/26/12 Sold $1,150,000 +4.5% $305 / Sq Ft
02/15/2012 02/15/12 Pending -- -- --
02/10/2012 02/10/12 For Sale $1,100,000 -- $292 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Barry Gordon

    Marcus & Millichap

  • Priscilla Nee

    Buyer's Agent in 2012

    Priscilla Nee

    CB Richard Ellis, Inc.

    (310) 550-2500

    3 in this area

    33 Total Sales

    Priscilla Nee
    Section Image
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Map

Source: The MLS

MLS Number: 12-581263

The MLS
California Los Angeles County Pasadena 91106 Madison Heights

290 E Glenarm St, Pasadena, CA

Not Listed for Sale

MultiFamily

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