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1255 Del Rey Ave, Pasadena, CA 91107
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1255 Del Rey Ave Pasadena, CA 91107

$1,550,000 Sold Price as of 04/09/2024
  • 6 Beds
  • 3 Baths
  • 3,100 Sq.Ft.
Sold
$1,550,000 Sold Price as of 04/09/2024 Refinance Your Mortgage
Map preview of 1255 Del Rey Ave, Pasadena, CA 91107

Property Overview: 1255 Del Rey Ave Pasadena, CA has 6 bedrooms, 3 bathrooms, 3,100 living square feet and 7,708 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Very well maintained 3-unit income property nestled on a very quiet street in northeast Pasadena neighborhood across street from the Rose Parade parking, close to many shops and restaurants on Washington Blvd. and Foothills, close to the hiking trails, water fall at Eaton Canyon and Eaton Canyon Gulf course. Seller just replaced both building's roof in 2023 and spent $30k + in 2022 to have a major maintenance work done to the foundation. All works have gone through the city permits. All units are in super good condition.

Listed by RAE ZHANG | BRE #02011752 | REMAX MY HOME
Last checked: 16 minutes ago | Last updated: April 17th, 2024 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
7,708
HOA Dues
$0/mo
Year built
1948
Garage
4 Car
Property Type:
Triplex
Status
Sold
MLS#
WS24006264
City
Pasadena
County
Los Angeles
Time on Site
119 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,724
  • Total Rent: $1,724
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,310
  • Total Rent: $2,310
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,795
  • Pro Forma/Market Rent: $2,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $6,829
  • Net Operating Income: $62,270
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $19,678
  • New Taxes: $16,138
  • Trash: $0
  • Insurance: $2,100
  • Water/Sewer: $1,440

Virtual Tour

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Property Details for 1255 Del Rey Ave

Interior Features
Cooling Information
  • Has Cooling
  • ENERGY STAR Qualified Equipment, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Forced Air, High Efficiency, Natural Gas
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Laundry
Interior Features
  • Balcony
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Mountain(s)
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5751008017
  • Year Built Source: Appraiser
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: By GPS
Neighborhood Information
  • Community Features: Foothills, Golf, Hiking
View more facts & features

Local Pasadena Agent

Sale History for 1255 Del Rey Ave

Last sold for $1,550,000 on April 9th, 2024

  • April, 2024

  • Apr 9, 2024

    Date

    Sold

    CRMLS: WS24006264

    $1,550,000

    Price

  • Jan 10, 2024

    Date

    Active

    CRMLS: WS24006264

    $1,550,000

    Price

  • September, 2023

  • Sep 1, 2023

    Date

    Leased

    CRMLS: WS23138871

    $2,795

    Price

  • Jul 27, 2023

    Date

    Active

    CRMLS: WS23138871

    $2,750

    Price

  • Listing provided courtesy of CRMLS

    Just renovated 2 bedroom(Livingroom can be the 3rd bedroom) 1 bathroom apartment in the beautiful and quiet northeast neighborhood of Pasadena with view of the mountain at Easton Canyon.

  • December, 2021

  • Dec 9, 2021

    Date

    Pending

    CRMLS: SR21173939

    $1,375,000

    Price

  • Aug 7, 2021

    Date

    Active

    CRMLS: SR21173939

    $1,375,000

    Price

  • Listing provided courtesy of CRMLS

    Attention investors!!! Located in a desirable area of East Pasadena, this large unique, street to street, triplex offers a variety of upside options to any type of buyer/investor. This property is zoned R3 and its situated on an expansive 7700sf lot thus offering development opportunities of up to 5 units in the future (Buyer to verify with City of Pasadena etc, Seller and Broker make no warranties of any kind). Another option is to potentially convert the current 4 car garages to an additional unit/ADU and increase income since there are 4 uncovered parking spaces on the lot (Buyer to verify with City of Pasadena etc, Seller and Broker make no warranties of any kind). For the owner user buyer, live in one and rent the others. Two of the units have been lightly updated. All units are very light and bright. All units have laundry hookups. This property has great potential.

  • July, 2021

  • Jul 29, 2021

    Date

    Canceled

    CRMLS: SR21075106

    $1,399,000

    Price

  • Jul 28, 2021

    Date

    Active

    CRMLS: SR21075106

    $1,399,000

    Price

  • Jul 14, 2021

    Date

    Active Under Contract

    CRMLS: SR21075106

    $1,399,000

    Price

  • Apr 12, 2021

    Date

    Active

    CRMLS: SR21075106

    $1,399,000

    Price

  • Listing provided courtesy of CRMLS

    Located in a desirable area of East Pasadena, this large unique street to street triplex offers a variety of upside options to any type of buyer/investor. This property is zoned R3 and its situated on a expansive 7700sf lot thus offering development opportunities of up to 5 units in the future (Buyer to verify). Another option is to potentially convert the current 4 car garages to an additional unit/ADU and increase income since there are 4 uncovered parking spaces on the lot. For the owner user buyer, live in one and rent the others. Two of the units have been lightly updated. All units are very light and bright. Two of the units have laundry hookups. This property has great potential.

  • August, 2020

  • Aug 1, 2020

    Date

    Expired

    CRMLS: 19444668

    $1,225,000

    Price

  • Mar 4, 2020

    Date

    Withdrawn

    CRMLS: 19444668

    $1,225,000

    Price

  • Mar 2, 2020

    Date

    Active

    CRMLS: 19444668

    $1,225,000

    Price

  • Feb 21, 2020

    Date

    Hold

    CRMLS: 19444668

    $1,225,000

    Price

  • Feb 15, 2020

    Date

    Active

    CRMLS: 19444668

    $1,225,000

    Price

  • Feb 5, 2020

    Date

    Hold

    CRMLS: 19444668

    $1,225,000

    Price

  • May 23, 2019

    Date

    Price Change

    CRMLS: 19444668

    $1,225,000

    Price

  • Mar 15, 2019

    Date

    Active

    CRMLS: 19444668

    $1,350,000

    Price

  • Listing provided courtesy of CRMLS

    Light, airy units with views of San Gabriel Mountains. Downstairs patio and upstairs wooden deck. $35k remodel of downstairs unit in 2017. Upstairs unit updated with new carpet and paint. Six parking spaces, accessed from rear alley. Stairs and decks rebuild in 2018.

  • August, 2019

  • Aug 14, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 1998

  • May 20, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1255 Del Rey Ave

Assessed Value (2020): $891,003
Year Land Value Improved Value Assessed Value
2020 $437,003 $454,000 $891,003

Home Value Compared to the Market

This property vs the competition

1255 Del Rey Ave sold on April 9, 2024 for 24% 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 $500 per/sqft which puts the price per square foot 34.47% lower than the current median sale per square foot for the city of Pasadena.

About 1255 Del Rey Ave

Detailed summary of property

1255 Del Rey Ave is a triplex that recently sold in Pasadena, CA 91107. This triplex offered 6 bedrooms, 3 bathrooms, roughly 3,100 living square feet, and sits on an approximately 7,708 square foot lot. 1255 Del Rey Ave was first listed on ArdentRealEstateGroup.com on January 11, 2024. The homeowner sold the property for $1,550,000. 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 24% higher than the current median priced home. Local homes that are currently for sale include 1758 Lincoln Ave, 6538 Meridian St and 508 Chestnut Ave. While the average home in Pasadena, CA is selling in 56 days, 1255 Del Rey Ave has a days on market of 27 days. There are currently 267 homes for sale in the Pasadena real estate market and 158 of them are single family homes while 80 of them are condos and 29 are townhomes. For more information on this home for sale at 1255 Del Rey Ave Pasadena, CA 91107 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 1255 Del Rey Ave

Public county record property details
Beds
6
Baths
3
Year built
1948
Sq. Ft.
3,100
Lot Size
7,705
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
5751-008-017

The source for these homes facts are from public records.

91107 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,269,000
Median List Price/Sq.Ft.
$806
Median Sold Price
$1,381,500
Median Sold Price/Sq.Ft.
$734
Total Inventory
59
Median Sale to List Price %
115.32%
Avg Days on Market
37
Loan Type
Conventional (56.25%), FHA (0%), VA (0%), Cash (18.75%), Other (18.75%)

Thinking of Selling?

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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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