RENTED FEB 5, 2025

Estimated Value: $625,361 - $723,000

2 Beds
2 Baths
981 Sq Ft
1.72 Acres

Highlights

  • Fitness Center
  • Gated Parking
  • 1.72 Acre Lot
  • Heated In Ground Pool
  • Updated Kitchen
  • Clubhouse

About This Home

As of February 2025

Welcome to the Olive Tree Condominiums, located in one of Pasadena's most desirable neighborhoods. This charming 2-bedroom, 2-bath unit offers an unbeatable location just a short walk from South Lake Avenue’s shops, restaurants, and cafes. Caltech is only a block away, and Pasadena City College is half a mile from your door. Nearby cultural destinations include The Huntington Library, Art Museum, and Botanical Gardens. The community offers fantastic amenities, including a pool, Jacuzzi, separate saunas, a recreation room with a pool table, and a BBQ-friendly courtyard. Laundry facilities are on-site, and secure gated underground parking ensures your vehicle is safe. Inside, you'll find warm, light luxury vinyl plank flooring throughout, giving the space a warm and bright feel. The kitchen features well-maintained appliances, and central air ensures comfort year-round. A new heat pump was installed in 2024 for added efficiency. With two walk-in closets, refreshed bathrooms, and a spacious, open layout, this unit is perfect for modern living. With its prime location and excellent amenities, this condo is a rare find. Don’t miss out—schedule your tour today!

Last Agent to Rent the Property

Kelsey Laroche

Palette Realty Brokerage Email: kelsey@domuRE.com License #01991692 Listed on: 01/03/2025

Last Renter's Agent

Norma Mardelli

Coldwell Banker Residential Brokerage Company License #01477249

Coldwell Banker Residential Brokerage Company

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1971

Lot Details

  • Two or More Common Walls
  • Landscaped

Parking

  • 2 Car Attached Garage
  • 2 Carport Spaces
  • Parking Available
  • Gated Parking
  • Assigned Parking
  • Community Parking Structure

Property Views

  • Neighborhood
  • Courtyard

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 981 Sq Ft Home
  • 3-Story Property
  • Awning
  • Entryway
  • Living Room
  • Dining Room
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Utilities

  • Central Heating and Cooling System
  • Natural Gas Not Available

Additional Features

  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Security Deposit $3,400
  • Rent includes association dues, sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 2/1/25
  • Tax Lot 1
  • Tax Tract Number 38229
  • Assessor Parcel Number 5735029103

Community Details

Overview

  • Property has a Home Owners Association
  • 120 Units
  • Olive Tree Condominiums Association, Phone Number (323) 240-9458

Amenities

  • Community Barbecue Grill
  • Sauna
  • Clubhouse
  • Billiard Room
  • Laundry Facilities

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $500

Condo Details

Home Type

Condominium

Year Built

Built in 1971

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2025-02-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 3400
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • View: Yes
  • Zoning: PSR4
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 5735029103
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 981.00 Square Feet
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 3.47
  • Room Type: Entry, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Walk-In Closet
  • Spa Features: Community, Heated, In Ground
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Exhaust Fan(s)
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Exterior Features: Awning(s)
  • View: Courtyard, Neighborhood
  • Pool Features: Community, Heated, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Community Structure, Covered, Garage, Gated
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Not Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Sauna, Barbecue, Gym/Ex Room, Clubhouse, Billiard Room
  • Association Name: Olive Tree Condominiums
  • Phone: 323-240-9458
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 74898.00
  • Lot Size Acres: 1.7194

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 74898.0000 Square Feet
  • Number Of Units In Community: 120
  • Number Of Units Total: 120
  • Rent Includes: Association Dues, Sewer, Trash Collection, Water

Tax Info

  • Tax Census Tract: 4635.00
  • Tax Lot: 1
  • Tax Tract Number: 38229

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2007
Sold by
Laroche Pierre M
Bought by
Laroche Pierre M
Current Estimated Value
$666,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Outstanding Balance
$206,102
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$460,238

Purchase Details

Closed on
Oct 12, 2007
Sold by
Minter George and Weise Minter Deborah
Bought by
Laroche Pierre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Outstanding Balance
$206,102
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$460,238

Purchase Details

Closed on
Mar 17, 2004
Sold by
Baker Danny L and Baker Chisato
Bought by
Minter George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,400
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 1994
Sold by
Lombardi Thomas P and Lombardi Cora B
Bought by
Baker Danny L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,860
Interest Rate
9.25%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Laroche Pierre M -- California Title Company
Laroche Pierre M -- California Title Company
Laroche Pierre $435,000 California Title Company
Minter George $328,000 Equity Title Company
Baker Danny L $131,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laroche Pierre M $326,250
Previous Owner Minter George $262,400
Previous Owner Baker Danny L $125,860
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2025 02/05/25 Rented $3,400 0.0% --
01/13/2025 01/13/25 Price Changed $3,400 +6.3% $3 / Sq Ft
01/03/2025 01/03/25 For Rent $3,200 +39.1% --
01/12/2019 01/12/19 Rented $2,300 0.0% --
01/05/2019 01/05/19 For Rent $2,300 -2.1% --
10/02/2017 10/02/17 Rented $2,350 -2.1% --
09/01/2017 09/01/17 Price Changed $2,400 -4.0% $2 / Sq Ft
07/12/2017 07/12/17 For Rent $2,500 +25.0% --
04/14/2012 04/14/12 Rented $2,000 0.0% --
04/14/2012 04/14/12 Under Contract -- -- --
03/04/2012 03/04/12 For Rent $2,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,422 $571,359 $439,098 $132,261
2024 $6,422 $560,157 $430,489 $129,668
2023 $6,367 $549,175 $422,049 $127,126
2022 $6,146 $538,408 $413,774 $124,634
2021 $5,894 $527,852 $405,661 $122,191
2019 $5,672 $512,198 $393,630 $118,568
2018 $5,803 $502,156 $385,912 $116,244
2016 $4,904 $419,000 $323,000 $96,000
2015 $4,461 $378,000 $291,000 $87,000
2014 $4,453 $378,000 $291,000 $87,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25001975

California Regional Multiple Listing Service (CRMLS)

APN: 5735-029-103