135 Grace Terrace, Pasadena, CA 91105
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135 Grace Terrace Pasadena, CA 91105

$1,995,000
  • 5 Beds
  • 3 Baths
  • 3,480 Sq.Ft.
For Sale
$1,995,000 Get Pre-Qualified

Map preview of 135 Grace Terrace, Pasadena, CA 91105

Property Overview: 135 Grace Terrace Pasadena, CA has 5 bedrooms, 3 bathrooms, 3,480 living square feet and 5,403 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Presenting the Stanton Carriage House, a historically significant investment opportunity in the desirable Grace Hill neighborhood of southwest Pasadena. Built in 1891 by William Stanton, a relative of Abraham Lincoln’s Secretary of War Edwin M. Stanton, this property was designed by renowned architect Frederick Roehrig, known for his iconic buildings on Pasadena’s historic Millionaire’s Row. Now, the Stanton Carriage House serves as a beautifully remodeled three-unit residential property that seamlessly blends timeless elegance with modern comforts. 137 Grace Terrace offers a spacious, sunlit second-floor unit with two bedrooms, one bath, a bonus room, and a versatile sunroom perfect for a home office or gym. Spanning approximately 1,800 square feet, the open layout includes a large living room and an eat-in kitchen that flows into the dining area. Two private balconies off the living room and kitchen provide stunning valley views, ideal for indoor-outdoor living. 135 Grace Terrace features a first-floor, oversized one-bedroom, one-bath unit of about 800 square feet. This apartment boasts a warm atmosphere with a private balcony off the living room and a cozy breakfast nook off the kitchen that can double as a home office. 133 Grace Terrace completes this exceptional property with a ground-floor, two-bedroom, one-bath unit of approximately 800 square feet. It offers a well-designed layout with a bright living area that flows into the kitchen, creating a welcoming environment for daily living or entertaining. Each bedroom is spacious, providing comfortable retreats. Upgrades and Amenities: All units have been fully updated with hardwood floors, tile in kitchens and bathrooms, stone countertops, modern appliances, and new plumbing and electrical systems. Additional features include central air conditioning, tankless water heaters, and private garages. Neighborhood Overview: Grace Hill was once a grand estate featuring Grace Manor and the Stanton Carriage House amid an expansive orange grove. Today, the neighborhood is known for its unique character and proximity to local shops, restaurants, and Old Town Pasadena, just five minutes away. The Stanton Carriage House is perfect for investors seeking a prime income property or homeowners looking for a spacious, historic residence with rental income potential in one of Pasadena’s most desirable neighborhoods.

Listed by Scott Morris | BRE #00987383 | eXp Realty of Greater Los Angeles, Inc.
Last checked: 9 minutes ago | Last updated: September 5th, 2024 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
5,403
HOA Dues
$0/mo
Year built
1891
Garage
2 Car
Property Type:
Triplex
Status
Active
MLS#
SR24182015
City
Pasadena
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,974
  • Total Rent: $2,974
  • Pro Forma/Market Rent: $2,974
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,215
  • Total Rent: $2,215
  • Pro Forma/Market Rent: $2,215
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,810
  • Total Rent: $3,810
  • Pro Forma/Market Rent: $3,810
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $107,988
  • Net Operating Income: $90,526
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $17,462
  • Electric: $473
  • Gas/Fuel: $0
  • Licenses: $235
  • Trash: $0
  • Gardener: $1,500
  • Insurance: $2,720
  • Maintenance: $3,130
  • Professional Management: $6,298
  • Water/Sewer: $1,004
  • Other Expenses: $527
  • Other Expense Description: Misc

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Property Details for 135 Grace Terrace

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community, Individual Room, Outside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Wood
  • Bonus Room, Galley Kitchen, Kitchen, Living Room, Sun
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Balcony, Ceiling Fan(s), High Ceilings, Living Room Balcony, Open Floorplan
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: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway Down Slope From Street, Garage
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Mountain(s), Neighborhood, Valley
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5719013007
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Entry Level: 1
  • Property is Attached
  • Has Additional Parcels
  • Property Condition: Updated/Remodeled
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: Unknown
Location / Neighborhood
Location Information
  • Directions: East of Orange Grove, South of Glenarm, West of Fair Oaks, North of Columbia.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains
View more facts & features

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Sale History for 135 Grace Terrace

Last sold on November 19th, 2020
  • September, 2024

  • Sep 4, 2024

    Date

    Active

    CRMLS: SR24182015

    $1,995,000

    Price

  • November, 2020

  • Nov 19, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 135 Grace Terrace

Assessed Value (2020): $52,841
Year Land Value Improved Value Assessed Value
2020 $25,521 $27,320 $52,841

Home Value Compared to the Market

This property vs the competition

135 Grace Terrace is listed 59.6% higher than the median list price for the city of Pasadena which has a median list price of $1,250,000. The median price per/sqft for Pasadena is $767 and this home is listed at $573.28 per/sqft which puts the price per square foot 25.26% lower than the median price per square foot for the city of Pasadena.

About 135 Grace Terrace

Detailed summary of property

135 Grace Terrace is a triplex located in Pasadena, CA 91105 and is currently for sale. This triplex offers 5 bedrooms, 3 bathrooms, roughly 3,480 living square feet, and sits on an approximately 5,403 square foot lot. 135 Grace Terrace was first listed on ArdentRealEstateGroup.com on September 4, 2024. The homeowner is currently asking $1,995,000. The median priced home in Pasadena is $1,250,000 with a median price per square foot of $767. Based on Ardent Real Estate Group's Pasadena Market Data, this home is listed 59.6% higher than the median priced home. Local competing homes currently for sale include 3719 Rosemead Ave, 1798 N Summit Ave and 925 Atchison. While the average home in Pasadena, CA is selling in 56 days, 135 Grace Terrace has a days on market of 14 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 135 Grace Terrace Pasadena, CA 91105 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 135 Grace Terrace

Public county record property details
Beds
7
Baths
3
Year built
1891
Sq. Ft.
3,480
Lot Size
5,420
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
48
APN
5719-013-007

The source for these homes facts are from public records.

91105 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,749,000
Median List Price/Sq.Ft.
$849
Median Sold Price
$2,295,000
Median Sold Price/Sq.Ft.
$930
Total Inventory
61
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (6.67%), FHA (6.67%), VA (0%), Cash (33.33%), Other (40%)

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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.