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1341 E Orange Grove Blvd, Pasadena, CA 91104
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1341 E Orange Grove Blvd Pasadena, CA 91104

$4,000,000 Sold Price as of 06/22/2022
  • 16 Beds
  • 12 Baths
  • 8,910 Sq.Ft.
Sold
$4,000,000 Sold Price as of 06/22/2022 Refinance Your Mortgage
Map preview of 1341 E Orange Grove Blvd, Pasadena, CA 91104

Property Overview: 1341 E Orange Grove Blvd Pasadena, CA has 16 bedrooms, 12 bathrooms, 8,910 living square feet and 17,394 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present this 12-unit apartment building in a great Pasadena location. There is an excellent unit mix which includes Eight One-Bedroom/One-Bath Units, and Four Two-Bedroom/One-Bath Units. The building features a spacious courtyard/patio for residents to enjoy. The building has gated access from the front and gated parking in the back (12 Spaces). Additionally, onsite laundry is available for residents; this affords the building owner some additional income. The property is just a quick drive away from plenty of dining, shopping and entertainment options including Colorado Boulevard where there's a high density of desirable retail locations. Just a few blocks to the south is the 210 Freeway which provides easy access to the surrounding area and job opportunities. For recreation, there are nearby parks including McDonald Park to the north-west and Victory Park to the east. Pasadena City College is also nearby. This opportunity is perfect for an investor looking for a well-located asset with significant upside in the rents.

Listed by Brett Sanson | BRE #01387480 | Marcus & Millichap
Last checked: 9 minutes ago | Last updated: June 27th, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
17,394
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22139505
City
Pasadena
County
Los Angeles
Time on Site
911 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,294
  • Total Rent: $10,350
  • Pro Forma/Market Rent: $15,600
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,951
  • Total Rent: $7,805
  • Pro Forma/Market Rent: $9,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.9
  • Gross Scheduled Income: --
  • Net Operating Income: $124,450
  • Gross Operating Income: $212,524
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1341 E Orange Grove Blvd

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Covered, Gated, Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 12
  • Parcel Number: 5739018029
Location / Neighborhood
Location Information
  • Directions: Driving north on Lake Ave, turn right onto Orange Grove Blvd. On the corner of Holliston Ave and Orange Grove, the property will be on the left.
View more facts & features

Local Pasadena Agent

Sale History for 1341 E Orange Grove Blvd

Last sold for $4,000,000 on June 22nd, 2022

  • June, 2022

  • Jun 22, 2022

    Date

    Sold

    CRMLS: 22139505

    $4,000,000

    Price

  • Mar 24, 2022

    Date

    Active

    CRMLS: 22139505

    $3,900,000

    Price

  • June, 2014

  • Jun 4, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1341 E Orange Grove Blvd

Assessed Value (2020): $918,745
Year Land Value Improved Value Assessed Value
2020 $274,378 $644,367 $918,745

Home Value Compared to the Market

This property vs the competition

1341 E Orange Grove Blvd sold on June 22, 2022 for 225% higher than the current median sold price for the city of Pasadena which is $1,200,000. The median sold price per/sqft for Pasadena is $781 and this home is sold at $437.71 per/sqft which puts the price per square foot 43.96% lower than the current median sale per square foot for the city of Pasadena.

About 1341 E Orange Grove Blvd

Detailed summary of property

1341 E Orange Grove Blvd is a multi family that recently sold in Pasadena, CA 91104. This multi family property offered 16 bedrooms, 12 bathrooms, roughly 8,910 living square feet, and sits on an approximately 17,394 square foot lot. 1341 E Orange Grove Blvd was first listed on ArdentRealEstateGroup.com on March 24, 2022. The homeowner sold the property for $4,000,000. Home in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $781. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 225% higher than the current median priced home. Local homes that are currently for sale include 1684 Murchison St, 138 N Soto St and 1006 S Record Ave. While the average home in Pasadena, CA is selling in 56 days, 1341 E Orange Grove Blvd has a days on market of 19 days. There are currently 335 homes for sale in the Pasadena real estate market and 179 of them are single family homes while 119 of them are condos and 37 are townhomes. For more information on this home for sale at 1341 E Orange Grove Blvd Pasadena, CA 91104 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 1341 E Orange Grove Blvd

Public county record property details
Beds
14
Baths
11
Year built
1959
Sq. Ft.
8,910
Lot Size
17,393
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
13,14
APN
5739-018-029

The source for these homes facts are from public records.

91104 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,395,000
Median List Price/Sq.Ft.
$795
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$915
Total Inventory
36
Median Sale to List Price %
114.39%
Avg Days on Market
21
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

Thinking of Selling?

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Recently Sold Homes Near 1341 E Orange Grove Blvd

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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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