NOT LISTED FOR SALE

765 E California Blvd Pasadena, CA 91106

Madison Heights Neighborhood

Estimated Value: $3,080,000 - $3,253,000

8 Beds
4 Baths
5,498 Sq Ft
$579/Sq Ft Est. Value

Last Sold July 30, 2025

Last sale price $3,200,000 $582 Per Sq Ft

Current estimated payment $19,281/month

127 Days on Market

Highlights

  • Dual Staircase
  • Mediterranean Architecture
  • Laundry Room
  • Wood Flooring
  • Living Room
  • Parking Storage or Cabinetry

About This Home

As of July 2025

Location, Location, Location. A rare opportunity to own a four unit building (owner could potentially occupy one unit) with a large lot (14823 square feet). This property is situated in the highly desirable heart of Pasadena with easy access to South Lake Shopping District, Old Town Pasadena, Cal Tech, PCC, a plethora of dining and shopping options. Easy access to freeways (110 & 210 freeway and) public transpositions.Each unit consists of 2 bedroom/ 1 bath, living room with fireplace, dining room and laundry hookup. All units come with central air and heat. A beautiful large grassy backyard leads to a covered carport with individual storage units and additional parking spaces.Units are 1100% occupied and NEVER stays vacant long. Potential Mills Act eligibility (Buyer to verify).Please call for additional details.

Last Agent to Sell the Property

David Wei

Cal Assets & Associates Inc Brokerage Phone: (626) 399-7166 License #01354834 Listed on: 03/12/2025

Last Buyer's Agent

Jared Jones

POWER OF 2 REALTY License #01822924

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 0.34 Acre Lot
  • No Common Walls
  • South Facing Home
  • Wrought Iron Fence
  • Block Wall Fence
  • Front Yard

Home Design

  • Mediterranean Architecture
  • Flat Roof Shape
  • Fire Rated Drywall
  • Plaster

Interior Spaces

  • 5,498 Sq Ft Home
  • Dual Staircase
  • Decorative Fireplace
  • Living Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 8 Car Garage
  • 4 Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Parking Lot

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Suburban Location

Community Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,680
  • Insurance Expense $8,216
  • Trash Expense $1,500
  • Water Sewer Expense $2,690
  • Operating Expense $14,086
  • Net Operating Income $100,819

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 463
  • Assessor Parcel Number 5734029004

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 2690.00
  • Architectural Style: Mediterranean
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 5734029004
  • Year Built: 1922
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Decorative
  • Price Per Square Foot: 582.03
  • Room Type: Living Room, Kitchen

Exterior Features

  • Direction Faces: South
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Plaster, Drywall Walls

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Built-In Storage, Paved, Parking Space
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside, Gas Dryer Hookup, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 14823.00
  • Lot Size Acres: 0.3403

Multi Family

  • Gross Multiplier: 24.00
  • Gross Scheduled Income: 145800.00
  • Insurance Expense: 8216.00
  • Lot Size Area: 14823.0000 Square Feet
  • Net Operating Income: 100819.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Operating Expense: 44981.00
  • Rent Control: Yes
  • Total Actual Rent: 12150.00
  • Total Expenses: 14086.00

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 463...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2025
Closed on
Jul 22, 2025
Sold by
Morgan Steven John and Morgan Penelope Jane
Bought by
Sv 765 Pasadena Llc
Seller's Agent
David Wei
Cal Assets & Associates Inc
Buyer's Agent
Jared Jones
POWER OF 2 REALTY
List Price
$3,500,000
Sold Price
$3,200,000
Premium/Discount to List
-$300,000
-8.57%
Views
64
Current Estimated Value
$3,184,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,471
Avg. Annual Appreciation
-1.38%
Original Mortgage
$2,240,000
Outstanding Balance
$1,694,179
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
$1,490,350

Purchase Details

Closed on
May 19, 2017
Sold by
Morgan Steven J
Bought by
Morgan Steven John and Morgan Penelope Jane

Purchase Details

Closed on
Nov 2, 2016
Sold by
Tan Antonius Y
Bought by
Morgan Steven J and Morgan Penelope

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2013
Sold by
Tan Antonius Y
Bought by
Tan Antonius Y and Tan Maria H

Purchase Details

Listed on
Mar 20, 2013
Closed on
May 8, 2013
Sold by
Levy Robert D
Bought by
Tan Antonius Y and Tan Maria H
Seller's Agent
Jayne Parsons
Keller Williams Realty
List Price
$1,888,000
Sold Price
$1,923,600
Premium/Discount to List
$35,600
1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.10%
Original Mortgage
$850,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2004
Sold by
Levy Robert D and Levy Leslie G
Bought by
Levy Robert D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sv 765 Pasadena Llc $3,200,000 First American Title Company
Morgan Steven John -- None Available
Morgan Steven J $2,390,000 Lawyers Title
Tan Antonius Y -- None Available
Tan Antonius Y $1,924,000 Lawyers Title Co
Levy Robert D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sv 765 Pasadena Llc $2,240,000
Previous Owner Morgan Steven J $1,700,000
Previous Owner Tan Antonius Y $850,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2025 07/30/25 Sold $3,200,000 +10.3% $582 / Sq Ft
07/17/2025 07/17/25 Pending -- -- --
06/09/2025 06/09/25 Price Changed $2,900,000 -10.8% $527 / Sq Ft
05/16/2025 05/16/25 Price Changed $3,250,000 -7.1% $591 / Sq Ft
03/12/2025 03/12/25 For Sale $3,500,000 +82.0% $637 / Sq Ft
05/23/2013 05/23/13 Sold $1,923,600 +1.9% $350 / Sq Ft View Prior Sale
04/26/2013 04/26/13 Pending -- -- --
03/20/2013 03/20/13 For Sale $1,888,000 -- $343 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $31,153 $2,773,794 $1,938,176 $835,618
2024 $31,153 $2,719,407 $1,900,173 $819,234
2023 $30,895 $2,666,086 $1,862,915 $803,171
2022 $29,822 $2,613,811 $1,826,388 $787,423
2021 $28,594 $2,562,561 $1,790,577 $771,984
2020 $27,440 $2,536,286 $1,772,217 $764,069
2019 $27,518 $2,486,556 $1,737,468 $749,088
2018 $28,095 $2,437,800 $1,703,400 $734,400
2016 $23,399 $2,000,994 $1,393,914 $607,080
2015 $23,144 $1,970,939 $1,372,977 $597,962
2014 $22,660 $1,932,332 $1,346,083 $586,249
Source: Public Records

Agents Affiliated with this Home

  • David Wei

    Seller's Agent in 2025

    David Wei

    Cal Assets & Associates Inc

    (626) 792-4420

    3 in this area

    20 Total Sales

    David Wei
    Section Image
  • Jared Jones

    Buyer's Agent in 2025

    Jared Jones

    POWER OF 2 REALTY

    (951) 255-0908

    2 in this area

    230 Total Sales

    Jared Jones
    Section Image
  • Jayne Parsons

    Seller's Agent in 2013

    Jayne Parsons

    Keller Williams Realty

    (626) 233-6428

    8 in this area

    68 Total Sales

    Jayne Parsons
    Section Image
  • Brian Parsons

    Seller Co-Listing Agent in 2013

    Brian Parsons

    Keller Williams Realty

    (626) 340-8050

    13 in this area

    127 Total Sales

    Brian Parsons
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-21240

Pasadena-Foothills Association of REALTORS®

APN: 5734-029-004

California Los Angeles County Pasadena 91101 Madison Heights

765 E California Blvd, Pasadena, CA

Not Listed for Sale

MultiFamily

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