Seller's Agent in 2021
Han Widjaja-Chen
GIG Real Estate Inc.
(626) 594-4901
1 in this area
57 Total Sales
517 E Washington Blvd Pasadena, CA 91104
Normandie Heights Neighborhood
7
Beds
4
Baths
8,340
Sq Ft
0.48
Acres
Highlights
- 0.48 Acre Lot
- Property is near public transit
- Laundry Room
- Mountain View
- No HOA
- 5-minute walk to Washington Park
About This Home
As of March 2021MONTANO VILLAS – 517 E Washington Blvd., a 10-unit garden style apartment investment opportunity located in the City of Pasadena, CA. Built in 1949 by the owner’s family, this is the first time this property has ever been offered for sale. Long time owned for 72 years; the ownership has completed many significant capital improvements recently. Some of the major improvements are new roof, new Central A/C and heating in each unit, new double pane windows throughout (2008-2009).
VILLA MONTANO is a pride-of-ownership attractive two-story garden style gated community that was built in 1949. It has a total of 8,340 SF building size and situated on a ±20,911 SF lot size. It offers an excellent curb appeal with manicured landscaping. The property has 4 patio homes with a semi-private porch and side yard. The 4 patio homes are all 2bedroom+1bathroom units complete with laundry hookups. Each patio home’s bathroom has tiled shower + bathtub.
The remaining 6 units consist of four (4) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom units. Each unit has central A/C and heating (installed in 2009), double pane windows, original hardwood flooring, stove, and refrigerator. Each of the 4 patio homes have a dishwasher. Each unit has an individual water heater and separately metered for electricity and gas.
Last Agent to Sell the Property
GIG Real Estate Inc. License #01749321 Listed on: 01/18/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 0.48 Acre Lot
- Two or More Common Walls
- Rectangular Lot
- Level Lot
Parking
- 1 Open Parking Space
- 9 Car Garage
- Attached Carport
- Parking Available
- Assigned Parking
Home Design
- Apartment
Interior Spaces
- 8,340 Sq Ft Home
- 2-Story Property
- Mountain Views
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Location
- Property is near public transit
- Suburban Location
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 5838040015
- Tax Block M
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 10 Units
- Foothills
- Valley
Amenities
- Laundry Facilities
Building Details
- 10 Leased Units
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,016
- Other Expense $725
- New Taxes Expense $33,539
- Operating Expense $59,031
- Gross Income $201,720
- Net Operating Income $136,638
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/19/2021 03/19/21 | Sold | $3,220,000 | -0.9% | $386 / Sq Ft |
| 01/18/2021 01/18/21 | For Sale | $3,250,000 | -- | $390 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $42,034 | $3,485,430 | $2,164,864 | $1,320,566 |
| 2024 | $40,153 | $3,417,089 | $2,122,416 | $1,294,673 |
| 2023 | $39,821 | $3,350,088 | $2,080,800 | $1,269,288 |
| 2022 | $38,462 | $3,284,400 | $2,040,000 | $1,244,400 |
| 2021 | $21,492 | $1,775,409 | $1,183,608 | $591,801 |
| 2020 | $20,685 | $1,757,205 | $1,171,472 | $585,733 |
| 2019 | $20,725 | $1,722,751 | $1,148,502 | $574,249 |
| 2018 | $20,879 | $1,688,973 | $1,125,983 | $562,990 |
| 2016 | $20,159 | $1,623,389 | $1,082,260 | $541,129 |
| 2015 | $19,933 | $1,599,005 | $1,066,004 | $533,001 |
| 2014 | $19,580 | $1,567,684 | $1,045,123 | $522,561 |
Source: Public Records
Agents Affiliated with this Home
-
Han Widjaja-Chen
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR21011386
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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