Seller's Agent in 2021
Andrea Marcum-Valentine
COMPASS
(323) 360-7663
1 in this area
52 Total Sales
585 N Hill Ave Pasadena, CA 91106
Northwest Pasadena Neighborhood
26
Beds
18
Baths
--
Sq Ft
0.38
Acre Lot
Highlights
- 0.38 Acre Lot
- Fireplace
- 14 Attached Carport Spaces
- Pasadena High School Rated A
- Cooling System Mounted To A Wall/Window
- 5-minute walk to Jefferson Park
About This Home
As of April 2021We are proud to present the Hill Avenue Apartments. An incredible investment opportunity located in beautiful Pasadena. This amazing 14 Unit garden style complex has been cared for by the current ownership since 1972 with quality improvements being made upon unit turnover. The property has secured entry and parking with an open grass common area. Small private patios and balconies for each unit- create a very cozy feeling on the property. The building boasts a solid unit mix of a large townhouse style 3 Bedroom with additional 3 Beds, 2 Beds, and 1 Bedroom apartments all individually metered for gas and electricity. Built in 1963, the building offers spacious units most of which have been meticulously renovated, including copper plumbing yet leaving the next owner approximately 35% rental upside. Most tenants are long term, and the asset has an onsite laundry room with parking for every unit. The property has been well cared for and is ready for the next owner to maximize the buildings potential. Hurry, this deal will move fast and fit perfectly in all size real estate portfolios!
Last Agent to Sell the Property
COMPASS License #01737314 Listed on: 02/20/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 16,670 Sq Ft Lot
- No Common Walls
- Security Fence
- Wood Fence
Home Design
- Composition Roof
Interior Spaces
- Fireplace
- Laundry in unit
Bedrooms and Bathrooms
- 26 Bedrooms
- 18 Bathrooms
Parking
- 14 Parking Spaces
- 14 Attached Carport Spaces
- Parking Available
- Assigned Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Tax Lot 2829
- Assessor Parcel Number 5739019020
Community Details
Building Details
- Rent Control
- 15 Separate Electric Meters
- 15 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $73
- Fuel Expense $1,914
- Insurance Expense $5,957
- Professional Management Expense $689
- Trash Expense $2,846
- Water Sewer Expense $6,070
- New Taxes Expense $41,313
- Operating Expense $83,680
- Gross Income $206,718
- Net Operating Income $118,000
Additional Features
- 14 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/09/2021 04/09/21 | Sold | $3,900,000 | +5.4% | -- |
| 03/11/2021 03/11/21 | Pending | -- | -- | -- |
| 02/20/2021 02/20/21 | For Sale | $3,700,000 | -- | -- |
Source: Pasadena-Foothills Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $50,969 | $4,221,483 | $1,688,593 | $2,532,890 |
| 2024 | $48,686 | $4,138,710 | $1,655,484 | $2,483,226 |
| 2023 | $48,287 | $4,057,560 | $1,623,024 | $2,434,536 |
| 2022 | $46,642 | $3,978,000 | $1,591,200 | $2,386,800 |
| 2021 | $14,701 | $1,083,539 | $273,545 | $809,994 |
| 2020 | $14,198 | $1,072,430 | $270,741 | $801,689 |
| 2019 | $14,208 | $1,051,403 | $265,433 | $785,970 |
| 2018 | $14,248 | $1,030,788 | $260,229 | $770,559 |
| 2016 | $13,645 | $990,763 | $250,125 | $740,638 |
| 2015 | $13,487 | $975,881 | $246,368 | $729,513 |
| 2014 | $13,315 | $956,765 | $241,542 | $715,223 |
Source: Public Records
Agents Affiliated with this Home
-
Andrea Marcum-Valentine
-
Justin McCardle
Seller Co-Listing Agent in 2021
Justin McCardle
Growth Investment Group Pasade
(626) 594-4650
27 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-3432
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.
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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