NOT LISTED FOR SALE

381 Waldo Ave Pasadena, CA 91101

Madison Heights Neighborhood
16 Beds
15 Baths
8,132 Sq Ft
0.32 Acres

Last Sold July 16, 2020

Last sale price $3,500,000 $430 Per Sq Ft

13 Days on Market

Highlights

  • Built-In Features
  • Central Heating and Cooling System
  • 16 Car Garage
  • Laundry Room

About This Home

As of July 2020

SELLER HAS IDENTIFIED UPLEG PROPERTY! PRICED TO SELL! We are pleased to present for sale this 8 unit apartment building that offers an investor a rare opportunity to acquire a high quality property located South of Colorado Blvd. The building is approximately 8,132 square feet and features a unit mix of: Two 3 Bedroom 2.5 Bath Townhome style units; Four 2 Bedroom 2 Bath units; Two 1 Bedroom 1 Bath units. Two of the eight units have been completely updated with new kitchens, bathrooms, flooring, lighting and appliances. The building was originally built as six units and then in 1985 it underwent a major, permitted addition that added two more units, increased the overall square footage and completely updated the original six units to specifications of 1985 including central A/C systems. With a lot size over 14,000 square feet there are carports as well as enclosed garages with an extensive outdoor, rooftop deck above them used for outdoor enjoyment. A premium location!

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 06/11/2020

Co-Listed By

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652

Last Buyer's Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 06/11/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.32

Interior Spaces

  • 8,132 Sq Ft Home
  • 2-Story Property
  • Built-In Features

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 15 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 16 Car Garage
  • Carport

Additional Features

  • 0.32 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 8 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 5722-022-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 8132
  • Lot Acreage: 0.3237
  • Stories: 2
  • Year Built: 1985
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Common Walls: Attached
  • Laundry: Room
  • Laundry Equipment: Lease
  • Total Bathrooms: 15.00
  • Equipment: Dishwasher, Built-Ins, Microwave
  • Price Per S Q F T: 445.77

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport, Garage
  • Total Parking: 16

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Percent: 61.24
  • Assessed Improvement Value: 74049
  • Assessed Land Percent: 38.76
  • Assessed Land Value: 46874
  • Total Assessed Value: 120923
  • Assessor Parcel Number: 5722-022-027
  • Geocode Override: No
  • Lot Size Area: 14099

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 15.91
  • Number Of Units: 8
  • Type Of Units: Apartment
  • Vacancy Allow Percent: 3.00

Matterport 3D Tour

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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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 Prior Sale
07/16/2020 07/16/20 Sold $3,500,000 -3.4% $430 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $3,625,000 +15.1% $446 / Sq Ft
12/06/2019 12/06/19 Sold $3,150,000 -3.1% $577 / Sq Ft View Prior Sale
10/02/2019 10/02/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $3,250,000 -- $596 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Benjamin Hsiang

    Seller's Agent in 2020

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    2 in this area

    74 Total Sales

    Benjamin Hsiang
    Section Image
  • Alexander Metaxas

    Seller Co-Listing Agent in 2020

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    2 in this area

    37 Total Sales

    Alexander Metaxas
    Section Image
  • German Ghibaudo

    Seller's Agent in 2019

    German Ghibaudo

    Century 21 Ludecke Inc.

    (909) 215-3180

    13 Total Sales

    German Ghibaudo
    Section Image

  • E

    Seller Co-Listing Agent in 2019

    Eladio Diaz

    Century 21 Ludecke Inc.

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 20-589546

The MLS
California Los Angeles County Pasadena 91101 Madison Heights

381 Waldo Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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