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120 N Bonnie Ave Pasadena, CA 91106

$1,700,000 Sold Price as of 08/12/2019

9 Beds
6 Baths
4,126 Sq.Ft.

Sold

$1,700,000 Sold Price as of 08/12/2019 Refinance Your Mortgage

Map preview of 120 N Bonnie Ave, Pasadena, CA 91106

Property Overview: 120 N Bonnie Ave Pasadena, CA has 9 bedrooms, 6 bathrooms, 4,126 living square feet and 8,385 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present these 6 units located at 120 N Bonnie Avenue in Pasadena, California. Built in 1910, the offering consists of 1- studio/1 bath, 1- newly renovated one bed/one bath, 3- two bed/one bath, and 1- newly renovated two bed/one bath townhouse. The property is situated on 8,385 SF lot with 4,126 SF of gross rentable area. Due to the relaxed style of ownership, rents have not been increased in over a decade. For that reason, a new investor has the opportunity to immediately capitalize on the nearly 50% upside potential in rents on this non-rent controlled property.Ã‚Â In addition, the Speed Queen washer and dryer is owned and not leased and also has upside potential due to the low rates. Well situated in one of the most sought after pockets of Pasadena, The Property is walking distance to Pasadena City College and minutes away from Old Town, home to premier dining, shopping and entertainment.

Listed by Filip Niculete | BRE #01905352 | Marcus & Millichap

Last checked: 16 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft: 8,385
HOA Dues: $0/mo
Year built: 1910
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19484480
City: Pasadena
County: Los Angeles
Time on Site: 1392 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $675
Total Rent: $675
Pro Forma/Market Rent: $1,200

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,450
Total Rent: $1,450
Pro Forma/Market Rent: $1,650

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $845
Total Rent: $845
Pro Forma/Market Rent: $2,100

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,750
Total Rent: $1,750
Pro Forma/Market Rent: $2,100

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,050
Total Rent: $1,050
Pro Forma/Market Rent: $2,100

Unit Breakdown 6

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $2,350

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 3.26%
Gross Rent Multiplier: 18.89
Gross Scheduled Income: --
Net Operating Income: $57,023
Gross Operating Income: $92,640
Improvements Total: $79,832

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 120 N Bonnie Ave

Interior Features

Cooling Information

Has Cooling
See Remarks

Laundry Information

Has Laundry
See Remarks

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Other

Property Information

Total # of Units: 6
Parcel Number: 5737011026

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Part of Association
Association Amenities: Other

Location / Neighborhood

Location Information

Directions: N Bonnie & E Walnut

View more facts & features

Local Pasadena Agent

Sale History for 120 N Bonnie Ave

Last sold on September 6th, 2019

September, 2019
Sep 6, 2019

Date

Sold (Public Records)

Public Records

--

Price
August, 2019
Aug 12, 2019

Date

Sold

CRMLS: 19484480

$1,700,000

Price
Jul 22, 2019

Date

Pending

CRMLS: 19484480

$1,750,000

Price
Jul 2, 2019

Date

Active

CRMLS: 19484480

$1,750,000

Price
June, 2019
Jun 7, 2019

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 120 N Bonnie Ave

Assessed Value (2020): $1,700,000

Year	Land Value	Improved Value	Assessed Value
2020	$680,000	$1,020,000	$1,700,000

Home Value Compared to the Market

This property vs the competition

120 N Bonnie Ave sold on August 12, 2019 for 40% higher 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 $424.14 per/sqft which puts the price per square foot 44.41% lower than the current median sale per square foot for the city of Pasadena.

About 120 N Bonnie Ave

Detailed summary of property

120 N Bonnie Ave is a multi family that recently sold in Pasadena, CA 91106. This multi family property offered 9 bedrooms, 6 bathrooms, roughly 4,126 living square feet, and sits on an approximately 8,385 square foot lot. 120 N Bonnie Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,700,000. 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 40% higher than the current median priced home. Local homes that are currently for sale include 3501 Lifur Ave, 5231 Loleta Ave and 1461 Hepner Ave. While the average home in Pasadena, CA is selling in 54 days, 120 N Bonnie Ave has a days on market of 20 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 120 N Bonnie Ave Pasadena, CA 91106 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 120 N Bonnie Ave

Public county record property details

Beds: 11
Baths: 4
Year built: 1910
Sq. Ft.: 4,126
Lot Size: 8,385
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 16
APN: 5737-011-026

The source for these homes facts are from public records.

91106 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,350,000

Median List Price/Sq.Ft.

$777

Median Sold Price

$830,000

Median Sold Price/Sq.Ft.

$672

Total Inventory

Median Sale to List Price %

89.73%

Avg Days on Market

Loan Type

Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (27.27%)

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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.