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112 Grandview St, Pasadena, CA 91103
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112 Grandview St Pasadena, CA 91103

$1,165,000 Sold Price as of 11/21/2023
  • 4 Beds
  • 3 Baths
  • 1,623 Sq.Ft.
Sold
$1,165,000 Sold Price as of 11/21/2023 Refinance Your Mortgage
Map preview of 112 Grandview St, Pasadena, CA 91103

Property Overview: 112 Grandview St Pasadena, CA has 4 bedrooms, 3 bathrooms, 1,623 living square feet and 5,193 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Introducing a phenomenal investment opportunity at 112 Grandview St, Pasadena, CA. Financials take center stage with this listing, priced at $1,150,000. Expect a pro forma monthly revenue of $7,400, an actual cap rate over 5.5%, and a market cap rate above 6.5%. Built in 1948 and recently transformed, this 1,623-square-foot triplex sits on a prime 5,193-square-foot double corner lot. All units have been meticulously renovated from top to bottom—fresh paint, brand-new flooring, and windows set the stage for modern living. The kitchens and bathrooms in the two one-bedroom units are entirely redone, presenting a move-in-ready or lease-ready opportunity. The extensively renovated two-bedroom unit serves as the crown jewel, featuring a brand-new electrical panel, appliances, cabinets, quartz countertops, and a high-efficiency HVAC system. The bathroom showcases stylish subway tiles, rounding off the extensive upgrades. Each unit is separately metered for gas and electric, with tenants responsible for their own trash—streamlining your utility costs to just water. Hot water heaters for each unit have been replaced within the last five years, ensuring a hassle-free experience for both landlord and tenants. Nestled in a serene pocket of Pasadena near schools and parks, this fully renovated triplex offers not just incredible financial returns but also a premium location. Seize this rare chance to invest in a high-performing asset that promises both immediate cash flow and long-term growth.

Listed by Jinglin YUE | BRE #02083986 | Compass-Pasadena
Last checked: 4 minutes ago | Last updated: January 18th, 2024 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
5,193
HOA Dues
$0/mo
Year built
1948
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
WS23175646
City
Pasadena
County
Los Angeles
Time on Site
239 days

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 112 Grandview St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Downstairs Bedrooms: 4
  • Downstairs Bathrooms: 3
  • All Bedrooms Down
Bathroom Information
  • # of Baths (Full): 3
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Attached Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5729004001
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Schools
School Information
  • High School District: Pasadena Unified
Location / Neighborhood
Location Information
  • Directions: Intersection of Lake Ave and Orange Grove Blvd
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

Local Pasadena Agent

Sale History for 112 Grandview St

Last leased for $2,200 on January 17th, 2024

  • January, 2024

  • Jan 17, 2024

    Date

    Leased

    CRMLS: WS23229177

    $2,200

    Price

  • Dec 26, 2023

    Date

    Active

    CRMLS: WS23229177

    $2,150

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 112 Grandview St, Pasadena – a fully renovated haven awaiting its perfect tenant! Nestled in a tranquil pocket near schools and parks, this home is a seamless blend of serenity and convenience. This desirable neighborhood ensures easy access to amenities and green spaces, providing a dynamic lifestyle for families and professionals alike. The property's prime location offers a gateway to local conveniences, trendy shops, and delectable dining options, all within a short distance. With a commitment to excellence, 112 Grandview St presents the opportunity to experience Pasadena living at its finest. Picture yourself in a space designed for comfort and style, where each room reflects the care put into the renovation. Whether you're entertaining guests or enjoying a quiet evening at home, this residence offers versatility and sophistication. The perfect tenant will appreciate the attention to detail that sets this home apart. Don't miss the chance to be the first to call 112 Grandview St home. Schedule a viewing today and discover a fully renovated haven that combines prime location with unmatched comfort. Your ideal living experience awaits in Pasadena!

  • November, 2023

  • Nov 21, 2023

    Date

    Sold

    CRMLS: WS23175646

    $1,165,000

    Price

  • Sep 20, 2023

    Date

    Active

    CRMLS: WS23175646

    $1,150,000

    Price

  • April, 2023

  • Apr 21, 2023

    Date

    Expired

    CRMLS: 22210887

    $1,100,000

    Price

  • Oct 20, 2022

    Date

    Active

    CRMLS: 22210887

    $1,125,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present this 3 unit multifamily property located at 112 Grandview St in Pasadena, CA. Built in 1948, this 1,623 square foot building is situated on a 5,193 square foot double corner lot, and it has a unit mix of (2) 1 Bed / 1 Bath units and (1) 2 Bed / 1 Bath unit. Each unit is separately metered for gas and electric, and the tenants are responsible for their own trash bill, so the only utility expense for the landlord is water. Also, each unit has its own separate hot water heater, and all three water heaters have been replaced in the past 5 years. The 2 Bed / 1 Bath unit has been extensively renovated over the last year with a brand new electrical panel, all new appliances, floors, cabinets, quartz countertops, HVAC system, in unit washer/dryer, along with a newly remodeled bathroom with subway tiles. Both 1-Bed units have not been renovated and provide healthy upside for the buyer, and these two units have laundry hookups but no laundry machines. The subject property has 3 private garage parking spaces, one for each unit, all with brand new automatic garage doors, and there are an additional 3 uncovered parking spaces to be used in addition to the garage stalls. This is an ideal value add investment for an experienced or first time investor who wants to take advantage of the rental upside and ADU potential that this property presents.

  • March, 2022

  • Mar 10, 2022

    Date

    Canceled

    CRMLS: SR21243016

    $1,249,900

    Price

  • Nov 9, 2021

    Date

    Active

    CRMLS: SR21243016

    $1,249,900

    Price

  • Listing provided courtesy of CRMLS

  • June, 2021

  • Jun 14, 2021

    Date

    Sold

    CRMLS: SR21040058

    $900,000

    Price

  • Jun 2, 2021

    Date

    Pending

    CRMLS: SR21040058

    $915,000

    Price

  • May 25, 2021

    Date

    Active Under Contract

    CRMLS: SR21040058

    $915,000

    Price

  • Apr 14, 2021

    Date

    Price Change

    CRMLS: SR21040058

    $915,000

    Price

  • Feb 26, 2021

    Date

    Active

    CRMLS: SR21040058

    $999,999

    Price

  • Listing provided courtesy of CRMLS

    Triplex in Pasadena. Probate Sale ALREADY HAVE COURT APPROVAL. 2 units are 1 bedroom +1 bath with month to month tenants. The 3rd unit is not rented and is 2+1. Perfect for owner user. There is a 3 car shared garage and each unit has its own washer dryer hookups. Property is being sold "AS IS" and needs updating. Price is already reflecting current condition. DO NOT DISTURB THE TENANTS. THEY ARE AWARE OF THE SALE AND require showing appointments to view the property. NO FHA/VA offers as condition wont qualify.

  • August, 1975

  • Aug 27, 1975

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 1975

  • Apr 25, 1975

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 112 Grandview St

Assessed Value (2020): $55,553
Year Land Value Improved Value Assessed Value
2020 $14,257 $41,296 $55,553

Home Value Compared to the Market

This property vs the competition

112 Grandview St sold on November 21, 2023 for 8% lower than the current median sold price for the city of Pasadena which is $1,250,000. The median sold price per/sqft for Pasadena is $763 and this home is sold at $708.56 per/sqft which puts the price per square foot 7.13% lower than the current median sale per square foot for the city of Pasadena.

About 112 Grandview St

Detailed summary of property

112 Grandview St is a triplex that recently sold in Pasadena, CA 91103. This triplex offered 4 bedrooms, 3 bathrooms, roughly 1,623 living square feet, and sits on an approximately 5,193 square foot lot. 112 Grandview St was first listed on ArdentRealEstateGroup.com on September 21, 2023. The homeowner sold the property for $1,165,000. Home in Pasadena are selling for a median price of $1,250,000 and a median price per square foot of $763. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 8% lower than the current median priced home. Local homes that are currently for sale include 311 N Avenue 59, 5938 E Echo St and 5745 Arroyo Dr. While the average home in Pasadena, CA is selling in 54 days, 112 Grandview St has a days on market of 22 days. There are currently 263 homes for sale in the Pasadena real estate market and 160 of them are single family homes while 78 of them are condos and 25 are townhomes. For more information on this home for sale at 112 Grandview St Pasadena, CA 91103 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 112 Grandview St

Public county record property details
Beds
4
Baths
3
Year built
1948
Sq. Ft.
1,623
Lot Size
5,193
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5729-004-001

The source for these homes facts are from public records.

91103 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,090,000
Median List Price/Sq.Ft.
$827
Median Sold Price
$1,129,000
Median Sold Price/Sq.Ft.
$776
Total Inventory
41
Median Sale to List Price %
100%
Avg Days on Market
32
Loan Type
Conventional (26.67%), FHA (0%), VA (0%), Cash (33.33%), Other (26.67%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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