Seller's Agent in 2019
Nick Borrelli
Coldwell Banker Realty
(626) 484-7975
1 in this area
26 Total Sales
55 Arlington Dr Pasadena, CA 91105
Madison Heights Neighborhood
11
Beds
11
Baths
7,248
Sq Ft
0.34
Acres
Highlights
- Beamed Ceilings
- Laundry Room
- 4-minute walk to Arlington Garden
About This Home
As of May 2019We are pleased to present this 8 unit apartment building located at 55 Arlington
Drive in Pasadena, California. Built in 1948 and completely rehabbed
throughout in 2016, the offering consists of extremely large units with a mix of
5 one-bedroom/one-bathroom, 1 two-bedroom/one bathroom and 2 two-bedroom/
two-bathroom units. The property is situated on a 14,627-square foot
lot with 7,248-square feet of gross rentable area. Known as the original Budweiser-
Bush Stable building, the now converted property offers tenants convenience
proximate to all dining, entertainment, transportation, nightlife and other
amenities. This investment offering provides a savvy investor the opportunity to
own a truly turnkey property in a strong and centrally located rental pocket of
Pasadena.
Last Agent to Sell the Property
Coldwell Banker Realty License #01481673 Listed on: 02/25/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 0.34 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
Interior Spaces
- 7,248 Sq Ft Home
- 2-Story Property
- Beamed Ceilings
- Laundry Room
Bedrooms and Bathrooms
- 11 Bedrooms
- 11 Bathrooms
Parking
- 7 Open Parking Spaces
- 16 Parking Spaces
- 9 Carport Spaces
- Parking Available
- Assigned Parking
Utilities
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Assessor Parcel Number 5719022031
Community Details
Overview
- 2 Buildings
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $638
- Fuel Expense $1,843
- Gardener Expense $1,200
- Insurance Expense $2,536
- Maintenance Expense $4,000
- Pest Control $480
- Professional Management Expense $8,892
- Trash Expense $2,342
- Water Sewer Expense $3,608
- New Taxes Expense $41,921
- Operating Expense $67,617
- Gross Income $228,600
- Net Operating Income $154,675
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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 | Prior Sale |
|---|---|---|---|---|---|
| 05/02/2019 05/02/19 | Sold | $3,600,000 | -2.4% | $497 / Sq Ft | |
| 03/26/2019 03/26/19 | Price Changed | $3,690,000 | -2.6% | $509 / Sq Ft | |
| 02/25/2019 02/25/19 | For Sale | $3,790,000 | +89.5% | $523 / Sq Ft | |
| 09/09/2015 09/09/15 | Sold | $2,000,000 | -3.8% | $276 / Sq Ft | View Prior Sale |
| 09/01/2015 09/01/15 | Pending | -- | -- | -- | |
| 08/11/2015 08/11/15 | For Sale | $2,080,000 | 0.0% | $287 / Sq Ft | |
| 07/21/2015 07/21/15 | Rented | $1,050 | 0.0% | -- | |
| 07/21/2015 07/21/15 | For Rent | $1,050 | -- | -- |
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 | $45,257 | $4,015,864 | $1,784,828 | $2,231,036 |
| 2024 | $45,257 | $3,937,123 | $1,749,832 | $2,187,291 |
| 2023 | $44,884 | $3,859,925 | $1,715,522 | $2,144,403 |
| 2022 | $43,333 | $3,784,241 | $1,681,885 | $2,102,356 |
| 2021 | $41,560 | $3,710,041 | $1,648,907 | $2,061,134 |
| 2020 | $39,890 | $3,672,000 | $1,632,000 | $2,040,000 |
| 2019 | $24,394 | $2,122,415 | $1,273,449 | $848,966 |
| 2018 | $24,764 | $2,080,800 | $1,248,480 | $832,320 |
| 2016 | $25,956 | $2,000,000 | $1,200,000 | $800,000 |
| 2015 | $20,364 | $1,673,946 | $1,005,551 | $668,395 |
| 2014 | $19,978 | $1,641,157 | $985,854 | $655,303 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Borrelli
-
Caroline Khabbaz
Seller Co-Listing Agent in 2019
Caroline Khabbaz
Coldwell Banker Realty
(323) 855-5001
1 in this area
16 Total Sales
-
Jim Lek
Buyer's Agent in 2019
Jim Lek
KO TAI REALTY
(626) 524-8229
13 Total Sales
-
Filip Niculete
Buyer's Agent in 2015
Filip Niculete
Marcus & Millichap
(818) 357-9525
103 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR19042841
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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