$1,299,999
SOLD NOV 1, 2024

530 E Mountain St Pasadena, CA 91104

Orange Heights Neighborhood
11 Beds
10 Baths
4,716 Sq Ft
0.29 Acres

Recently Sold

$276 Per Sq Ft

18% Above List Price

37 Days on Market

Highlights

  • No Units Above
  • Traditional Architecture
  • 4 Car Garage
  • John Muir High School Rated A-
  • Laundry Room
  • Block Wall Fence

About This Home

As of November 2024

Great opportunity to own a 7-unit apartment building strategically located in a charming neighborhood of Pasadena! The property features a well-rounded mix of units: four 1-bedroom, 1-bath units; two 2-bedroom, 2-bath units; and one expansive 3-bedroom, 2-bath unit, all currently tenant-occupied, ensuring immediate rental income. Property is comprised of 3 buildings. The front building was a craftsman home that was converted into a triplex. The middle building is a ground-level duplex. The rear building has 4 single-car garages, with a duplex above them. The property also includes ample parking, adding to the appeal, and is located just a few short blocks from markets & restaurants on N Lake Ave. Immense potential for those looking to capitalize on an investment with significant upside potential in a sought-after city.

Last Agent to Sell the Property

David Knight

Keller Williams Realty Brokerage Email: daveknightrealestate@gmail.com License #01829234 Listed on: 08/14/2024

Keller Williams Realty

Co-Listed By

Amber Waas

Keller Williams Realty Brokerage Email: daveknightrealestate@gmail.com License #01263026

Last Buyer's Agent

DANIEL RACEDO

EXP REALTY OF CALIFORNIA INC License #00989968

EXP REALTY OF CALIFORNIA INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.29 Acre Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Two or More Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • No Sprinklers

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Property Attached
  • Brick Exterior Construction
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,716 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for trash collection, water
  • Tax Lot 3
  • Tax Tract Number 462
  • Assessor Parcel Number 5731001004

Community Details

Overview

  • 3 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Insurance Expense $2,877
  • Professional Management Expense $4,608
  • Operating Expense $27,872
  • Gross Income $83,832
  • Net Operating Income $55,960

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Professional Management Expense: 4608.00
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 5731001004
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Below, No One Above, End Unit, 2+ Common Walls
  • Appliances: No
  • Levels: One, Two
  • Price Per Square Foot: 275.66

Exterior Features

  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Spa: No
  • Construction Materials: Brick, Wood Siding, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Concrete, Garage Faces Front, Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 12650.00
  • Lot Size Acres: 0.2904

Rental Info

  • Tenant Pays: Trash Collection, Water

Multi Family

  • Gross Income: 83832.00
  • Gross Scheduled Income: 83832.00
  • Insurance Expense: 2877.00
  • Lot Size Area: 12650.0000 Square Feet
  • Net Operating Income: 55960.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 27872.00
  • Rent Control: Yes
  • Total Expenses: 27872.00

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 462...

Range of Values:

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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
11/01/2024 11/01/24 Sold $1,299,999 +18.3% $276 / Sq Ft
09/20/2024 09/20/24 Pending -- -- --
09/19/2024 09/19/24 For Sale $1,099,000 -15.5% $233 / Sq Ft
09/18/2024 09/18/24 Off Market $1,299,999 -- --
09/03/2024 09/03/24 Price Changed $1,099,000 -15.4% $233 / Sq Ft
08/14/2024 08/14/24 For Sale $1,299,000 -- $275 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    David Knight

    Keller Williams Realty

    (626) 657-0359

    4 in this area

    377 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2024

    Amber Waas

    Keller Williams Realty

    (626) 657-0359

    1 in this area

    66 Total Sales

    Section Image

  • D

    Buyer's Agent in 2024

    DANIEL RACEDO

    EXP REALTY OF CALIFORNIA INC

    (818) 281-6651

    1 in this area

    23 Total Sales

    Section Image
See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-18865

Pasadena-Foothills Association of REALTORS®

California Los Angeles County Pasadena 91104 Orange Heights

530 E Mountain St, Pasadena, CA

This home is located at 530 E Mountain St, Pasadena, CA 91104 and is currently priced at $1,299,999, approximately $275 per square foot. This property was built in 1954. 530 E Mountain St is a home located in Los Angeles County with nearby schools including Madison Elementary School, Octavia E. Butler Magnet, and John Muir High School.

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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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