NOT LISTED FOR SALE

794 E Orange Grove Blvd Pasadena, CA 91104

Northwest Pasadena Neighborhood
7 Beds
5 Baths
2,894 Sq Ft
9,533 Sq Ft Lot

Last Sold April 10, 2023

Last sale price $1,400,000 $484 Per Sq Ft

82 Days on Market

Highlights

  • Craftsman Architecture
  • Auto Driveway Gate
  • 1-Story Property

About This Home

As of April 2023

BOM! This rare opportunity offers 100% vacancy in the five units located in desirable Pasadena. Set on a sizable 9,533 SF lot, it presents investors with tremendous potential and an advantageous outcome; a 7.2% cap rate and 10.5 GRM expected following renovations. All of the units are dazzling bungalow styles, composed of two duplexes - one at the front, one at the back - and a standalone house in between them. There are preliminary plans to add either an attached ADU to the front garages or two detached ADUs in the rear for increased value. Its prime location puts investors only minutes away from notable shops and eateries in Old Town Pasadena, Rose Bowl Stadium and Cal-Tech. Ready for those that crave to bring their own creative vision; additionally, each unit is metered separately for gas and electricity.

Last Agent to Sell the Property

Julio Ruiz

Global Platinum Properties, Inc. License #01911261 Listed on: 01/04/2023

Co-Listed By

Armin Soleimani

Global Platinum Properties, Inc. License #01846872

Last Buyer's Agent

Out of Area Southland

SOUTHLAND License #0

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 9,533 Sq Ft Lot

Parking

  • Auto Driveway Gate

Home Design

  • Craftsman Architecture

Interior Spaces

  • 2,894 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5731-013-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Street Number Display: Yes
  • Advertising Remarks: This rare opportunity offers 100% vacancy in the five units located in desirable Pasadena. Set on a sizable 9,533 SF lot, it presents investors with tremendous potential and an advantageous outcome; a 7.2% cap rate and 10.5 GRM expected following renovations. All of the units are dazzling bungalow styles, composed of two duplexes - one at the front, one at the back - and a standalone house in between them. There are preliminary plans to add either an attached ADU to the front garages or two detached ADUs in the rear for increased value. Its prime location puts investors only minutes away from notable shops and eateries in Old Town Pasadena, Rose Bowl Stadium and Cal-Tech. Ready for those that crave to bring their own creative vision; additionally, each unit is metered separately for gas and electricity.
  • Living Area: 2894
  • Lot Acreage: 0.2189
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 596.06

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway Gate

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 23.26
  • Assessed Improvement Value: 200000
  • Assessed Land Percent: 76.74
  • Assessed Land Value: 660000
  • Total Assessed Value: 860000
  • Assessor Parcel Number: 5731-013-004
  • Lot Size Area: 9533

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 10.50
  • Number Of Units: 5
  • Type Of Units: Bungalow

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2023 04/10/23 Sold $1,400,000 -18.8% $484 / Sq Ft
03/30/2023 03/30/23 For Sale $1,725,000 0.0% $596 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $1,725,000 0.0% $596 / Sq Ft
02/15/2023 02/15/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $1,725,000 -- $596 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Julio Ruiz

    Seller's Agent in 2023

    Julio Ruiz

    Global Platinum Properties, Inc.

    (818) 524-0706

    1 in this area

    46 Total Sales

    Julio Ruiz
    Section Image
  • Armin Soleimani

    Seller Co-Listing Agent in 2023

    Armin Soleimani

    Global Platinum Properties, Inc.

    (310) 666-2246

    1 in this area

    64 Total Sales

    Armin Soleimani
    Section Image

  • O

    Buyer's Agent in 2023

    Out of Area Southland

    SOUTHLAND

See All Agents

Map

Source: The MLS

MLS Number: 23-229295

The MLS
California Los Angeles County Pasadena 91101 Northwest Pasadena

794 E Orange Grove Blvd, Pasadena, CA

Not Listed for Sale

MultiFamily

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