Seller's Agent in 2022
Mike Vachani
Provenio Realty and Investment
(626) 303-7936
2 in this area
35 Total Sales
982 N Los Robles Ave Pasadena, CA 91104
Orange Heights NeighborhoodEstimated Value: $1,635,000 - $2,026,000
8
Beds
4
Baths
4,635
Sq Ft
$410/Sq Ft
Est. Value
Highlights
- Park
- Foothills
- Level Lot
- Laundry Room
- Bike Trail
About This Home
As of January 2022Amazing Multifamily 4 Unit Opportunity located in Pasadena, Ca. This is perfect for an Investor, 1031 Exchange, or a Owner-User. Imagine Living in One Unit and Collecting Rent on the other 3 Units. Depending on your situation, you may be able to cover your whole mortgage just from the rent collected! Proforma Rents are $2,500 Per Unit Per Month allowing a Landlord to collect over $120,000 a year in Annual Gross Income. All Tenants are on a month to month lease. This is perfect building to hedge against inflation and allow a Landlord a lot of upside in rents. Once the building rents are stabilized, you will have a 6% Cap. This is almost impossible to find in Pasadena
982 N Los Robles is one of the best priced buildings in Pasadena and has four large 2 Bedroom 1 Bath Units. Each unit has around +/-1156 square feet of space, a private laundry room and single car garage. The building sits on a large 7750 square foot lot and is conveniently located near the Rose Bowl, Jet Propulsion Laboratory, Old Town Pasadena, Art Center, Pasadena City College, Cal Tech, and Huntington Memorial Hospital. It also just minutes to the 110, 134 and 210 Freeways. This is one of the lowest price buildings in Pasadena at $345 per square foot. Enjoy the views of the Foothill and amazing amenities Pasadena has to offer.
Don't miss your opportunity to purchase one of the best priced 4 Unit Apartment building in Pasadena. This will not last long!
Last Agent to Sell the Property
Provenio Realty and Investment License #01279002 Listed on: 11/01/2021
Last Buyer's Agent
Provenio Realty and Investment License #01279002 Listed on: 11/01/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 7,750 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 4 Car Garage
Home Design
- 4,635 Sq Ft Home
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 1
- Assessor Parcel Number 5730012008
- $1,029 per year additional tax assessments
Community Details
Overview
- 4 Units
- Foothills
Recreation
- Park
- Bike Trail
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $75
- Gardener Expense $725
- Insurance Expense $2,500
- Trash Expense $1,300
- Water Sewer Expense $1,400
- New Taxes Expense $18,000
- Operating Expense $24,000
- Gross Income $120,000
- Net Operating Income $96,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 14, 2024
Sold by
Yip Benjamin and Wang Nancy
Bought by
Benjamin Yip And Nancy Wang Revocable Trust and Yip
Current Estimated Value
Purchase Details
Closed on
Jun 11, 2024
Sold by
Yip Benjamin and Wang Nancy
Bought by
Benjamin Yip And Nancy Wang Revocable Trust and Yip
Purchase Details
Closed on
Mar 3, 2019
Sold by
Jackson Helen E
Bought by
Jackson Helen E and The Helen E Jackson Family Tru
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Benjamin Yip And Nancy Wang Revocable Trust | -- | None Listed On Document | |
| Benjamin Yip And Nancy Wang Revocable Trust | -- | None Listed On Document | |
| Jackson Helen E | -- | Orange Coast Title Company |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/12/2022 01/12/22 | Sold | $1,660,000 | +3.8% | $358 / Sq Ft |
| 11/05/2021 11/05/21 | Pending | -- | -- | -- |
| 11/01/2021 11/01/21 | For Sale | $1,599,888 | -- | $345 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $21,065 | $1,761,604 | $1,321,203 | $440,401 |
| 2024 | $20,026 | $1,727,064 | $1,295,298 | $431,766 |
| 2023 | $19,860 | $1,693,200 | $1,269,900 | $423,300 |
| 2022 | $6,642 | $509,882 | $144,458 | $365,424 |
| 2021 | $6,365 | $499,885 | $141,626 | $358,259 |
| 2019 | $6,144 | $485,060 | $137,426 | $347,634 |
| 2018 | $6,195 | $475,550 | $134,732 | $340,818 |
| 2016 | $5,943 | $457,086 | $129,501 | $327,585 |
| 2015 | $5,876 | $450,221 | $127,556 | $322,665 |
| 2014 | $5,784 | $441,403 | $125,058 | $316,345 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Vachani
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR21240080
APN: 5730-012-008
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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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