NOT LISTED FOR SALE

351 Adena St Pasadena, CA 91104

Orange Heights Neighborhood
5 Beds
3 Baths
6,013 Sq Ft
0.62 Acres

Last Sold August 11, 2017

Last sale price $1,650,000 $274 Per Sq Ft

Highlights

  • No Units Above
  • No HOA
  • 1-Story Property
  • 26,977 Sq Ft lot
  • Laundry Room

About This Home

As of August 2017

7 units investment opportunity located at 351-361 Adena Street, Pasadena, CA. The subject property consists of 1 historic single family home that was built in 1904 and 3 duplexes were built in 1953-1954. It has a beautiful flat level lot size of 26,977 SF Zoned PSR3 with potential for development 10 condominium/ town homes with approximately 2000 SF each. Buyer to verify with City of Pasadena Planning Department for more info! Upside potential on rents. Investment highlights: 14 parking spaces. 7 electric meter, 7 gas meter, 1 water meter.

Last Agent to Sell the Property

Katie Chai

ReMax 2000 Realty License #01457862 Listed on: 08/08/2017

ReMax 2000 Realty

Last Buyer's Agent

Katie Chai

ReMax 2000 Realty License #01457862 Listed on: 08/08/2017

ReMax 2000 Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 0.62 Acre Lot
  • No Units Above
  • 1 Common Wall

Home Design

  • Property Attached

Interior Spaces

  • 6,013 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 5729033005

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,560
  • Insurance Expense $2,203
  • Maintenance Expense $993
  • Other Expense $946
  • Professional Management Expense $5,039
  • Trash Expense $2,277
  • Water Sewer Expense $4,635
  • New Taxes Expense $20,699
  • Operating Expense $38,352
  • Gross Income $9,140
  • Net Operating Income $71,328

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Professional Management Expense: 5039.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4635.00
  • Zoning: PSR3
  • Property Type: Residential Income
  • Gardener Expense: 1560.00
  • Parcel Number: 5729033005
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above
  • Levels: One
  • Price Per Square Foot: 274.41

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2277.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 26977.00

Multi Family

  • Gross Income: 9140.00
  • Gross Scheduled Income: 109680.00
  • Insurance Expense: 2203.00
  • Maintenance Expense: 993.00
  • Net Operating Income: 71328.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 38352.00
  • Other Expense: 946.00
  • Rent Control: No
  • Total Actual Rent: 9140.00
  • Total Expenses: 38352.00

Tax Info

  • New Taxes Expense: 20699.00
  • Tax Census Tract: 4620.01
  • Tax Lot: 19

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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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
08/11/2017 08/11/17 Sold $1,650,000 -2.9% $274 / Sq Ft
08/08/2017 08/08/17 Pending -- -- --
08/08/2017 08/08/17 For Sale $1,700,000 -- $283 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Katie Chai

    Seller's Agent in 2017

    Katie Chai

    RE/MAX

    (909) 728-7888

    1 in this area

    14 Total Sales

    Katie Chai
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR17184705

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91104 Orange Heights

351 Adena St, Pasadena, CA

Not Listed for Sale

MultiFamily

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