NOT LISTED FOR SALE

315 Pleasant St Pasadena, CA 91101

Madison Heights Neighborhood
8 Beds
6 Baths
4,502 Sq Ft
0.25 Acres

Last Sold January 31, 2019

Last sale price $2,350,000 $522 Per Sq Ft

22 Days on Market

About This Home

As of January 2019

The Growth Investment Group is proud to present 315 Pleasant Street, a 6-unit multifamily property located in the highly desirable city of Pasadena, California. This property consists of ±4,502 sqft of living space situated on a large ±10,992 sqft lot. It offers a superb unit mix consisting of (2) x 2bedroom + 1bathroom and (4) x 1bedroom + 1 bathroom. The property was built in 1954 and this is the first time this property has been offered for sale since 1974 which is over 43 years! 315 Pleasant rarely has any vacancies because of the of its superb location which makes it convenient to walk to supermarkets, restaurants, coffee/tea shops, retail shops, department stores, entertainment, parks, libraries, and schools. This offering provides an excellent value-add opportunity for investors by adjusting rents to market.

Last Agent to Sell the Property

DONALD LA

EXP REALTY License #01928418 Listed on: 11/05/2018

EXP REALTY

Last Buyer's Agent

Tony Wang

Berkshire Hathaway HomeServices California Properties License #01478596

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls

Home Design

  • 4,502 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 463602
  • Assessor Parcel Number 5722018021

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $122
  • Fuel Expense $237
  • Insurance Expense $2,737
  • Trash Expense $2,060
  • Water Sewer Expense $628
  • New Taxes Expense $23,228
  • Operating Expense $33,478
  • Gross Income $92,072
  • Net Operating Income $58,595

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 628.00
  • Property Type: Residential Income
  • Parcel Number: 5722018021
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 521.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2060.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10992.00
  • Lot Size Acres: 0.2523

Multi Family

  • Electric Expense: 122.00
  • Fuel Expense: 237.00
  • Gross Income: 92072.00
  • Gross Scheduled Income: 94920.00
  • Insurance Expense: 2737.00
  • Lot Size Area: 10992.0000 Square Feet
  • Net Operating Income: 58595.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 33478.00
  • Rent Control: No
  • Total Expenses: 33478.00

Tax Info

  • New Taxes Expense: 23228.00
  • Tax Lot: 5
  • Tax Tract Number: 463602

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
01/31/2019 01/31/19 Sold $2,350,000 +11.9% $522 / Sq Ft
11/27/2018 11/27/18 Pending -- -- --
11/05/2018 11/05/18 For Sale $2,100,000 -- $466 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • DONALD LA

    Seller's Agent in 2019

    DONALD LA

    EXP REALTY

    (626) 824-8853

    57 Total Sales

    DONALD LA
    Section Image
  • Tony Wang

    Buyer's Agent in 2019

    Tony Wang

    Berkshire Hathaway HomeServices California Properties

    (626) 590-7534

    43 Total Sales

    Tony Wang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18266611

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91101 Madison Heights

315 Pleasant St, Pasadena, CA

Not Listed for Sale

MultiFamily

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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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