NOT LISTED FOR SALE

575 N Hill Ave Pasadena, CA 91106

Northwest Pasadena Neighborhood
8 Beds
4 Baths
5,225 Sq Ft
0.28 Acres

Last Sold September 28, 2012

Last sale price $1,050,000 $201 Per Sq Ft

175 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 5-minute walk to Jefferson Park
  • Pasadena High School Rated A
  • Wall Furnace

About This Home

As of September 2012

575-579 North Hill Avenue is a garden style, pride of ownership apartment building located in the city of Pasadena. This non-rent control investment is just minutes from Pasadena City College, Old Town Pasadena and provides excellent access to Foothill (210) Freeway.
The property consists of five units with separate meters for electricity and gas. It is a very well maintained property with no known deferred maintenance and recent capital improvements. It also has a large lot size of 12,018 square feet and provides ample parking. It has a detached carport which provides 1 parking space per unit. It has an extra room with laundry hookups. New owner can install laundry machines in this room to provide additional income.
The 575 N Hill Ave was built in 1904 and has 3bedroom+1-3/4bathroom and permitted bonus room with full bath that can be rented as a separate studio. The 579 N Hill Ave was built in 1950 (buyer to verify with the City of Pasadena) and consists of two 2bedroom+1bathroom and two 1bedroom+1bathroom. Two units (579-A and 579-B) have laundry hookups.
This offering presents for an investor or an owner user an excellent opportunity to acquire a very well maintained property in an excellent neighborhood of Pasadena.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 03/12/2012

Last Buyer's Agent

Arpi Barsoumian

Keller Williams Realty License #00975592

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 0.28 Acre Lot

Parking

  • 1 Car Garage
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • 5,225 Sq Ft Home
  • Shake Roof
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 16 / 20
  • Tax Tract Number 5739
  • Assessor Parcel Number 5739020016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $137
  • Insurance Expense $2,137
  • Maintenance Expense $3,612
  • Pest Control $900
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $12,492
  • Gross Income $6,500
  • Net Operating Income $51,276

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 4.66
  • Other Phone Description: Direct#
  • Other Phone Number: 213.532.3227
  • Price Per Unit: 220000
  • Subdivision Name Other: CLARKE PLACE PASADENA
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Parcel Number: 5739020016
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 200.96

Exterior Features

  • Pool Private: No
  • Roof: Shake
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Pest Control Expense: 900.00
  • Trash Expense: 1000.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 12018.00
  • Lot Size Acres: 0.2760

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 137.00
  • Gross Income: 6500.00
  • Gross Scheduled Income: 78000.00
  • Insurance Expense: 2137.00
  • Lot Size Area: 12018.0000 Square Feet
  • Maintenance Expense: 3612.00
  • Net Operating Income: 51276.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 24384.00
  • Rent Control: No
  • Total Actual Rent: 6500.00
  • Vacancy Allowance: 2340

Tax Info

  • New Taxes Expense: 12492.00
  • Tax Block: 20
  • Tax Lot: 16
  • Tax Tract Number: 5739
  • Tax Year: 2011

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
09/28/2012 09/28/12 Sold $1,050,000 -4.5% $201 / Sq Ft
09/03/2012 09/03/12 Pending -- -- --
03/12/2012 03/12/12 For Sale $1,100,000 -- $211 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Han Widjaja-Chen

    Seller's Agent in 2012

    Han Widjaja-Chen

    GIG Real Estate Inc.

    (626) 594-4901

    3 in this area

    44 Total Sales

    Han Widjaja-Chen
    Section Image

  • A

    Buyer's Agent in 2012

    Arpi Barsoumian

    Keller Williams Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A12032630

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91106 Northwest Pasadena

575 N Hill Ave, Pasadena, CA

This home is located at 575 N Hill Ave, Pasadena, CA 91106 since 12 March 2012. This property was built in 1904. 575 N Hill Ave is a home located in Los Angeles County with nearby schools including Charles W. Eliot Arts Magnet Academy, Pasadena High School, and International School of Los Angeles-Pasadena.

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.

California Regional Multiple Listing Service (CRMLS) 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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