Gary Hunter
Mojo Management Group, Inc.
(657) 366-4893
18 Total Sales
1 in Playhouse Village
$5,515,000 Price
987 E Del Mar Blvd Pasadena, CA 91106
Playhouse Village Neighborhood
35
Beds
34
Baths
16,384
Sq Ft
0.41
Acre Lot
Highlights
- 17,716 Sq Ft lot
- Subterranean Parking
- Central Heating and Cooling System
- Balcony
- Open Patio
- Ceiling Fan
About This Home
As of March 2013CALL FOR OFFERS BY: 1-6-13 at 7:00pm. EMAIL OR CALL FOR DETAILS. A Very rare offering of 18 apartment units in Pasadena. The Villa Del Mar Apartments offers investors the rare opportunity to acquire an apartment complex in a Prime Pasadena location. The property was constructed in 1987 and features spacious units, central A/C & Heat, ample closet space, subterranean parking with gated/secure entrance, patios & balconies, on-site laundry, secure bicycle storage. The unit mix is One 3 Bed + 2 Bath; Fifteen 2 Bed + 2 Bath; Two 1 Bed + 1 Bath. Just 2 short blocks from S. Lake Avenue with endless restaurants and retail stores. Only1 block from the California Institute of Technology (Cal Tech) campus. There is HUGE UPSIDE in this property with most rents almost 50% below market value. TREMENDOUS value added property and opportunity to own great income property in a Premiere Pasadena location. EXISTING FINANCING ASSUMABLE - 3.5% INT RATE
Last Agent to Sell the Property
Realty Investment Advisors, Inc. License #01784652 Listed on: 12/19/2012
Last Buyer's Agent
YVONNE TSE
License #00908463
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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 17,716 Sq Ft Lot
- Sprinkler System
Interior Spaces
- 16,384 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Oven or Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 35 Bedrooms
- 34 Bathrooms
Parking
- 36 Parking Spaces
- Subterranean Parking
Outdoor Features
- Balcony
- Open Patio
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- 18 Units
Listing and Financial Details
- Assessor Parcel Number 5735-028-081
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 19, 2012
Closed on
May 6, 2013
Sold by
Bought by
Seller's Agent
Alexander Metaxas
Realty Investment Advisors, Inc.
Buyer's Agent
YVONNE TSE
List Price
$5,450,000
Sold Price
$5,500,000
Premium/Discount to List
$50,000
0.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
3.49%
Mortgage Type
Commercial
Purchase Details
Listed on
Dec 19, 2012
Closed on
Mar 11, 2013
Sold by
Bought by
Seller's Agent
Alexander Metaxas
Realty Investment Advisors, Inc.
Buyer's Agent
YVONNE TSE
List Price
$5,450,000
Sold Price
$5,500,000
Premium/Discount to List
$50,000
0.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
3.49%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 15, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,535,000
Interest Rate
3.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 8, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,535,000
Interest Rate
3.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 19, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,535,000
Interest Rate
3.37%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Playhouse Village, CA
-
Gary Hunter
-
CONNIE HONG
CH
CONNIE HONG
Exquisite Home Realty
(626) 313-3415
14 Total Sales
1 in Playhouse Village
$739,000 Price
-
Megan Husri
Megan Husri
Responds QuicklyKeller Williams Studio City
(747) 279-3321
88 Total Sales
1 in Playhouse Village
$3,700,000 Price
-
Amy Engler
Amy Engler
Douglas Elliman of California, Inc.
(424) 541-1946
60 Total Sales
8 in Playhouse Village
$540K - $1.1M Price Range
-
Khanh Oberley
Khanh Oberley
Douglas Elliman of CA, Inc.
(424) 407-8581
44 Total Sales
3 in Playhouse Village
$1M - $1.2M Price Range
-
Joshua Glaz
Joshua Glaz
The Ave
(657) 325-8448
256 Total Sales
1 in Playhouse Village
$515,000 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| $5,500,000 | Old Republic Title Co La | ||
| -- | Old Republic Title Co La | ||
| $4,300,043 | Old Republic Title Company | ||
| -- | Old Republic Title Co La |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,310,000 | ||
| Closed | $250,000 | ||
| Closed | $1,200,000 | ||
| Previous Owner | $2,300,000 | ||
| Previous Owner | $2,535,000 | ||
| Previous Owner | $2,535,000 | ||
| Previous Owner | $2,535,000 |
Source: Public Records
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 |
|---|---|---|---|---|
| 03/26/2013 03/26/13 | Sold | $5,500,000 | +0.9% | $336 / Sq Ft |
| 01/16/2013 01/16/13 | Pending | -- | -- | -- |
| 12/19/2012 12/19/12 | For Sale | $5,450,000 | -- | $333 / Sq Ft |
Source: The MLS
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 | $80,498 | $6,772,845 | $3,725,066 | $3,047,779 |
| 2024 | $76,913 | $6,640,045 | $3,652,026 | $2,988,019 |
| 2023 | $76,285 | $6,509,849 | $3,580,418 | $2,929,431 |
| 2022 | $73,664 | $6,382,206 | $3,510,214 | $2,871,992 |
| 2021 | $70,641 | $6,257,066 | $3,441,387 | $2,815,679 |
| 2019 | $67,994 | $6,073,629 | $3,339,314 | $2,734,315 |
| 2018 | $69,426 | $5,954,582 | $3,273,838 | $2,680,744 |
| 2016 | $67,248 | $5,721,294 | $3,146,712 | $2,574,582 |
| 2015 | $66,510 | $5,635,356 | $3,099,446 | $2,535,910 |
| 2014 | $65,147 | $5,524,969 | $3,038,733 | $2,486,236 |
Source: Public Records
Agents Affiliated with this Home
-
Alexander Metaxas
Seller's Agent in 2013
Alexander Metaxas
Realty Investment Advisors, Inc.
(626) 487-4300
3 in this area
38 Total Sales
-
Y
Buyer's Agent in 2013
YVONNE TSE
Map
Source: The MLS
MLS Number: 12-641671
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.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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.
Nearby Homes
- 195 S Wilson Ave
- 1127 E Del Mar Blvd Unit 318
- 1127 E Del Mar Blvd Unit 323
- 1115 Cordova St Unit 303
- 121 S Wilson Ave Unit 103
- 175 S Lake Ave Unit 406
- 175 S Lake Ave Unit 314
- 469 S Catalina Ave
- 0 N Catalina Ave Unit PW26174646
- 176 N N Catalina Ave Unit 404
- 614 620 N Mar Vista
- 160 S Hudson Ave Unit 111
- 160 S Hudson Ave Unit 105
- 295 S Hudson Ave
- 160 S Michigan Ave
- 150 S Michigan Ave Unit 201
- 960 San Pasqual St
- 960 San Pasqual St Unit 210
- 920 Granite Dr Unit 501
- 920 Granite Dr Unit 104
- 987 E Del Mar Blvd Unit 7
- 987 E Del Mar Blvd Unit 4
- 987 E Del Mar Blvd Unit 1
- 987 E Del Mar Blvd Unit 11
- 987 E Del Mar Blvd Unit 10
- 987 E Del Mar Blvd Unit 13
- 987 E Del Mar Blvd Unit 12
- 987 E Del Mar Blvd Unit 14
- 987 E Del Mar Blvd Unit 5
- 987 E Del Mar Blvd Unit 3
- 987 E Del Mar Blvd Unit 8
- 261 S Catalina Ave
- 249 S Catalina Ave Unit 3
- 249 S Catalina Ave
- 249 S Catalina Ave Unit 4
- 253 S Catalina Ave
- 251 S Catalina Ave
- 973 E Del Mar Blvd Unit 6
- 973 E Del Mar Blvd Unit 2
- 973 E Del Mar Blvd
Your Personal Tour Guide
Ask me questions while you tour the home.