NOT LISTED FOR SALE

499 N Los Robles Ave Pasadena, CA 91101

Northwest Pasadena Neighborhood
3 Beds
2 Baths
4,520 Sq Ft
9,814 Sq Ft Lot

Last Sold June 01, 2012

Last sale price $965,000 $213 Per Sq Ft

31 Days on Market

Highlights

  • 10 Car Garage
  • John Muir High School Rated A-
  • 1-minute walk to Villa Parke

About This Home

As of June 2012

The subject property is a nine-unit apartment building located in a highly travelled Pasadena rental market on Los Robles Avenue, one block north of the 210 Freeway.Built in 1961, the two-story building consists of eight one-bedroom/one-bath and one two-bedroom/one-bath units, 10 parking spaces (six enclosed single garages, two enclosed two-car garages), and a laundry room. The roof is pitched.The location is a mainstream, solid apartment rental corridor, minutes from the freeway, Old Town Pasadena, bus lines, Metro Gold Line stations, shopping, restaurants, entertainment and employment centers.Pasadena continues to be among the most desirable apartment markets in Southern California because it's high concentration of businesses, educational institutions, attractive neighborhoods, and cultural and commercial facilities.This is a true add value opportunity with minor exterior cosmetic deferred maintenance, easily remedied by a buyer.The demand from investors for a

Last Agent to Sell the Property

Barry Gordon

Marcus & Millichap License #00925711 Listed on: 04/23/2012

Last Buyer's Agent

Steve Kwon

License #01453193

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,814

Parking

  • 10 Car Garage

Interior Spaces

  • 4,520 Sq Ft Home
  • 2-Story Property

Additional Features

  • 9,814 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 5725-032-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4520
  • Stories: 2
  • Year Built: 1961
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 243.36

Exterior Features

  • Pool: No

Garage/Parking

  • Covered Parking: 10
  • Parking Garage: Garage
  • Total Parking: 10

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Value: 453137
  • Assessed Land Value: 118157
  • Assessor Parcel Number: 5725-032-007
  • Lot Size Area: 9814

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.51
  • Number Of Units: 9
  • Total Annual Expense: 36231
  • Type Of Units: 1+1 & 2+1
  • Vacancy Rate: 100

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
06/01/2012 06/01/12 Sold $965,000 -12.3% $213 / Sq Ft
05/24/2012 05/24/12 Pending -- -- --
04/23/2012 04/23/12 For Sale $1,100,000 -- $243 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Barry Gordon

    Marcus & Millichap

  • S

    Buyer's Agent in 2012

    Steve Kwon

See All Agents

Map

Source: The MLS

MLS Number: 12-595825

The MLS

California Los Angeles County Pasadena 91101 Northwest Pasadena

499 N Los Robles Ave, Pasadena, CA

This home is located at 499 N Los Robles Ave, Pasadena, CA 91101 since 23 April 2012. This property was built in 1961. 499 N Los Robles Ave is a home located in Los Angeles County with nearby schools including Madison Elementary School, Octavia E. Butler Magnet, and John Muir High School.

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