Mike Chou
K.W. EXECUTIVE
(626) 653-4295
171 Total Sales
1 in Madison Heights
$768,000 Price
467 S El Molino Ave Pasadena, CA 91101
Madison Heights NeighborhoodEstimated Value: $2,016,114
6
Beds
7
Baths
4,004
Sq Ft
$504/Sq Ft
Est. Value
About This Home
As of November 2025PRICED TO SELL. Rare opportunity for both investors and developers to acquire this Prime location 6-unit property, with over a 12,000 sqft lot, in the heart of Pasadena. Hold on to it as is, build a couple ADU's or new development. Approximately $12k/mo income. 2 short blocks from S. Lake Ave where shopping and restaurants are plentiful. Very close proximity to Old Town Pasadena, Cal Tech, Pasadena Convention Center and all freeways. Property has a medium-high density zoning CD-RM-32.
Last Agent to Sell the Property
Sotheby's International Realty Brokerage Phone: 818-426-6639 License #01294550 Listed on: 09/16/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 12,011 Sq Ft Lot
- Lot Dimensions are 60x200
- Two or More Common Walls
Parking
- 3 Car Garage
- 4 Carport Spaces
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 4,004 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 6 Bedrooms
- 7 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 5734 / 018
- Tax Tract Number 5
- Assessor Parcel Number 5734018005
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 6 Units
Amenities
- Laundry Facilities
Building Details
- 6 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $5,000
- Trash Expense $6,000
- Water Sewer Expense $6,000
- Operating Expense $35,000
- Gross Income $144,900
- Net Operating Income $108,400
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2025
Closed on
Oct 17, 2025
Sold by
Bought by
Seller's Agent
Darius Majlessi
Sotheby's International Realty
Buyer's Agent
James Y. Kuang
Standard Prosperity
List Price
$2,150,000
Sold Price
$1,970,000
Premium/Discount to List
-$180,000
-8.37%
Views
24
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,114
Avg. Annual Appreciation
3.27%
Purchase Details
Listed on
May 4, 2018
Closed on
May 11, 2018
Sold by
Bought by
Seller's Agent
Tim Cragoe
Coldwell Banker Realty
Buyer's Agent
Grace Lee
Home Team Realty
List Price
$1,895,000
Sold Price
$2,010,000
Premium/Discount to List
$115,000
6.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.27%
Purchase Details
Closed on
Jan 20, 2005
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Madison Heights, CA
-
Mike Chou
-
Nicola Speranta
Nicola Speranta
Compass
(323) 310-3215
99 Total Sales
3 in Madison Heights
$502K - $925K Price Range
-
Alexander Varga
Alexander Varga
Norm Haley Real Estate
(626) 788-8434
30 Total Sales
2 in Madison Heights
$700,000 Price Range
-
Hilda Hernandez
Hilda Hernandez
Berkshire Hathaway HomeServices
(626) 699-8904
93 Total Sales
2 in Madison Heights
$613K - $640K Price Range
-
Giusy Mele-Brown
Giusy Mele-Brown
BHHS California Properties
(626) 313-3578
58 Total Sales
4 in Madison Heights
$550K - $930K Price Range
-
Rita Chang
Rita Chang
R C Realty Corp.
(626) 469-5745
30 Total Sales
2 in Madison Heights
$828,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,970,000 | Chicago Title Company | ||
| $2,010,000 | Wfg National Title Company | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $720,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/14/2025 11/14/25 | Sold | $1,970,000 | -8.4% | $492 / Sq Ft | |
| 09/17/2025 09/17/25 | Pending | -- | -- | -- | |
| 09/16/2025 09/16/25 | For Sale | $2,150,000 | +7.0% | $537 / Sq Ft | |
| 06/05/2018 06/05/18 | Sold | $2,010,000 | +6.1% | $502 / Sq Ft | View Prior Sale |
| 05/11/2018 05/11/18 | Pending | -- | -- | -- | |
| 05/04/2018 05/04/18 | For Sale | $1,895,000 | -- | $473 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $27,260 | $2,287,031 | $1,592,958 | $694,073 |
| 2024 | $26,026 | $2,242,188 | $1,561,724 | $680,464 |
| 2023 | $25,809 | $2,198,224 | $1,531,102 | $667,122 |
| 2022 | $24,920 | $2,155,123 | $1,501,081 | $654,042 |
| 2021 | $23,904 | $2,112,867 | $1,471,649 | $641,218 |
| 2019 | $23,011 | $2,051,650 | $1,428,000 | $623,650 |
| 2018 | $3,159 | $171,839 | $65,693 | $106,146 |
| 2016 | $2,994 | $163,775 | $63,143 | $100,632 |
| 2015 | $2,957 | $161,316 | $62,195 | $99,121 |
| 2014 | $2,952 | $158,157 | $60,977 | $97,180 |
Source: Public Records
Agents Affiliated with this Home
-
Darius Majlessi
Seller's Agent in 2025
Darius Majlessi
Sotheby's International Realty
(818) 426-6639
1 in this area
25 Total Sales
-
James Y. Kuang
Buyer's Agent in 2025
James Y. Kuang
Standard Prosperity
(626) 371-5662
1 in this area
18 Total Sales
-
Tim Cragoe
Seller's Agent in 2018
Tim Cragoe
Coldwell Banker Realty
(626) 533-1881
39 Total Sales
-
Grace Lee
G
Buyer's Agent in 2018
Grace Lee
Home Team Realty
(310) 373-7222
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25217524
APN: 5734-018-005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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