M
Seller's Agent in 2023
Matt Ly
Coldwell Banker Realty
(626) 821-1216
1 in this area
24 Total Sales
72 El Nido Ave Pasadena, CA 91107
Lamanda Park Neighborhood
6
Beds
6
Baths
4,914
Sq Ft
0.37
Acres
Highlights
- 0.37 Acre Lot
- Wood Flooring
- Laundry Room
- Pasadena High School Rated A
- Neighborhood Views
- Wall Furnace
About This Home
As of August 2023Discover a hidden gem in the heart of Southwest Pasadena with a house and 4-unit (5 units total) all single-story apartment complex. Nestled in a quiet residential area, this property boasts a spacious 3-bed, 2.5-bath house, one studio, and three 1-bed, 1-bath units on a generous 15,990 sq ft RM32 lot.
The possibilities are endless with this unique and exciting investment opportunity. This property is zoned RM32 for possible development of an 8-9 unit project, and there is potential to convert the six single car garages to two ADUs. It's perfect for owner occupancy, where you can enjoy the beauty of the 3-bed, 2.5-bath house and earn additional income from the other 4 units.
Conveniently located with easy freeway access and just minutes from Old Town, this property is highly desirable and in-demand for renters. It's also situated within a short distance from Pasadena City College, Cal Tech, The Rose Bowl, and the Rose Parade Route. Plus, you'll have easy access to all the fine restaurants on Colorado Boulevard.
Whether you're looking to invest, develop, or live in this hidden gem, this property has limitless potential. Don't miss out on this rare opportunity to own a piece of Southwest Pasadena's best-kept secret.
Last Agent to Sell the Property
Coldwell Banker Realty License #01441481 Listed on: 05/15/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1937
Lot Details
- 0.37 Acre Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 6 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
- Raised Foundation
- Composition Roof
Interior Spaces
- 4,914 Sq Ft Home
- 1-Story Property
- Wood Flooring
- Neighborhood Views
- Gas Range
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Additional Features
- Urban Location
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 2 / 15
- Assessor Parcel Number 5754006017
- $1 per year additional tax assessments
Community Details
Overview
- 5 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 5 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,420
- Insurance Expense $5,106
- Maintenance Expense $7,000
- Other Expense $1,000
- Trash Expense $3,357
- Water Sewer Expense $3,357
- New Taxes Expense $21,188
- Operating Expense $42,428
- Gross Income $77,639
- Net Operating Income $35,211
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/10/2023 08/10/23 | Sold | $1,550,000 | -8.6% | $315 / Sq Ft |
| 06/08/2023 06/08/23 | Pending | -- | -- | -- |
| 05/15/2023 05/15/23 | For Sale | $1,695,000 | -- | $345 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Matt Ly
-
Lillian Yin
Buyer's Agent in 2023
Lillian Yin
Pinnacle Real Estate Group
(626) 888-9808
1 in this area
72 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR23078409
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
Nearby Homes
- 2708 San Marcos Dr
- 29 S Vinedo Ave Unit 4
- 184 S Altadena Dr
- 165 S Altadena Dr
- 2468 Mohawk St Unit 105
- 2468 Mohawk St Unit 202
- 3912 Mountain View Ave
- 404 N Vinedo Ave
- 2428 E Del Mar Blvd Unit 101
- 2428 E Del Mar Blvd Unit 105
- 2786 E California Blvd
- 158 S Sierra Madre Blvd Unit 11
- 168 S Sierra Madre Blvd Unit 113
- 188 S Sierra Madre Blvd Unit 8
- 188 S Sierra Madre Blvd Unit 12
- 2386 E Del Mar Blvd Unit 226
- 484 N Sierra Madre Blvd
- 276 S Sierra Madre Blvd
- 3490 San Pasqual St
- 175 S Sierra Madre Blvd
- 60 El Nido Ave
- 77 El Nido Ave
- 73 El Nido Ave
- 81 El Nido Ave
- 53 El Nido Ave
- 87 El Nido Ave
- 47 El Nido Ave
- 51 El Nido Ave
- 61 El Nido Ave
- 105 El Nido Ave
- 3018 E Colorado Blvd
- 35 El Nido Ave
- 35 El Nido Ave Unit 10
- 35 El Nido Ave Unit 9
- 35 El Nido Ave Unit 7
- 35 El Nido Ave Unit 6
- 35 El Nido Ave Unit 4
- 35 El Nido Ave Unit 3
- 35 El Nido Ave Unit 2
- 35 El Nido Ave Unit 1