135 N Wilson Ave, Pasadena, CA 91106
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135 N Wilson Ave Pasadena, CA 91106

$3,175,000 Sold Price as of 05/07/2021
  • 18 Beds
  • 12 Baths
  • 8,165 Sq.Ft.
Sold
$3,175,000 Sold Price as of 05/07/2021 Refinance Your Mortgage

Map preview of 135 N Wilson Ave, Pasadena, CA 91106

Property Overview: 135 N Wilson Ave Pasadena, CA has 18 bedrooms, 12 bathrooms, 8,165 living square feet and 10,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pleased to present the opportunity to acquire 135 N Wilson Ave a 12 unit multifamily investment property located in Pasadena, CA. Situated on a 10,000 square foot lot, the 8,165 square foot property of 12 units with A/C consisting of 8 - 2 bedroom units, 2 - one-bedroom units and 2 Studios and offers 12 covered parking, and on-site laundry. Less than one mile from the Gold Metro Line Pasadena Station, Walk to Target, Trader Joe’s and Pasadena City College with convenient access to a variety of grocers, retailers, dining, and entertainment options in down town Pasadena. Residents commute to other cities for work, the subject property’s close proximity to Interstate 210 will help to attract a wide variety of renters. Family operated investment with rents far below market rates. Great up side potential.

Listed by ROBERT BODKIN | BRE #00543199 | BODKIN CO., REALTORS
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 125

Home details

Lot Sq. Ft
10,000
HOA Dues
$0/mo
Year built
1964
Garage
12 Car
Property Type:
Multi Family
Status
Sold
MLS#
WS20154173
City
Pasadena
County
Los Angeles
Time on Site
1386 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 2
  • # of Electric Meters: 12
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $930
  • Total Rent: $930
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $925
  • Total Rent: $925
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,340
  • Total Rent: $1,340
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,355
  • Total Rent: $1,355
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,235
  • Total Rent: $1,235
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,340
  • Total Rent: $1,340
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,105
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $204,588
  • Net Operating Income: $159,716
  • Gross Operating Income: $200,496
  • Vacancy Allowance: $4,092
  • Gross Spendable Income: $159,716
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $600
Annual Expense Breakdown
  • Total Operating Expense: $40,780
  • Electric: $1,190
  • Gas/Fuel: $0
  • New Taxes: $40,000
  • Trash: $21,477
  • Gardener: $1,836
  • Insurance: $4,065
  • Maintenance: $9,687
  • Professional Management: $0
  • Water/Sewer: $4,500

Property Details for 135 N Wilson Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
  • Kitchen
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 12
  • # of Parking Spaces: 24
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 36-40 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 5738005003
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
  • Property is Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: S/210 Frwy W/Hill North Colorado
Neighborhood Information
  • Community Features: Biking, Curbs
View more facts & features

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Sale History for 135 N Wilson Ave

Last sold for $3,175,000 on May 7th, 2021
  • May, 2021

  • May 7, 2021

    Date

    Sold

    CRMLS: WS20154173

    $3,175,000

    Price

  • Dec 4, 2020

    Date

    Pending

    CRMLS: WS20154173

    $3,298,000

    Price

  • Nov 30, 2020

    Date

    Price Change

    CRMLS: WS20154173

    $3,298,000

    Price

  • Aug 1, 2020

    Date

    Active

    CRMLS: WS20154173

    $3,698,000

    Price

  • June, 2020

  • Jun 12, 2020

    Date

    Canceled

    CRMLS: WS19227851

    $3,898,000

    Price

  • Apr 7, 2020

    Date

    Withdrawn

    CRMLS: WS19227851

    $3,898,000

    Price

  • Mar 1, 2020

    Date

    Active Under Contract

    CRMLS: WS19227851

    $3,898,000

    Price

  • Jan 22, 2020

    Date

    Price Change

    CRMLS: WS19227851

    $3,898,000

    Price

  • Oct 3, 2019

    Date

    Active

    CRMLS: WS19227851

    $3,998,500

    Price

  • Listing provided courtesy of CRMLS

    Bodkin Company Realtors as the exclusive listing agent, is pleased to present the opportunity to acquire 135 N Wilson Ave a 12 unit multifamily investment property located in Pasadena, CA. Situated on a 10,000 square foot lot, the 8,165 square foot property of 12 units consisting of 8 two-bedroom units, 2 one-bedroom units and 2 Studios and offers 12 covered parking, and on-site laundry. Less than one mile from the Gold Metro Line Pasadena Station and Pasadena City College with convenient access to a variety of grocers, retailers, dining, and entertainment options in down town Pasadena. Residents commute to other cities for work, the subject property’s close proximity to Interstate 210 will help to attract a wide variety of renters. Family operated investment with rents far below market rates. Great up side potential.

  • June, 2014

  • Jun 12, 2014

    Date

    Sold (Public Records)

    Public Records

    $5,600,056

    Price

  • December, 2004

  • Dec 27, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 135 N Wilson Ave

Assessed Value (2020): $283,514
Year Land Value Improved Value Assessed Value
2020 $64,618 $218,896 $283,514

Home Value Compared to the Market

This property vs the competition

135 N Wilson Ave sold on May 7, 2021 for 163.84% 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 $403.92 per/sqft which puts the price per square foot 47.06% lower than the current median sale per square foot for the city of Pasadena.

About 135 N Wilson Ave

Detailed summary of property

135 N Wilson Ave is a multi family that recently sold in Pasadena, CA 91106. This multi family property offered 18 bedrooms, 12 bathrooms, roughly 8,165 living square feet, and sits on an approximately 10,000 square foot lot. 135 N Wilson Ave was first listed on ArdentRealEstateGroup.com on August 1, 2020. The homeowner sold the property for $3,175,000. 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 163.84% higher than the current median priced home. Local homes that are currently for sale include 1548 Micheltorena St, 325 N Union Ave and 4312 Price St. While the average home in Pasadena, CA is selling in 51 days, 135 N Wilson Ave has a days on market of 125 days. There are currently 278 homes for sale in the Pasadena real estate market and 169 of them are single family homes while 83 of them are condos and 26 are townhomes. For more information on this home for sale at 135 N Wilson 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 135 N Wilson Ave

Public county record property details
Beds
18
Baths
12
Year built
1964
Sq. Ft.
8,165
Lot Size
10,024
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5738-005-003

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
46
Median Sale to List Price %
89.73%
Avg Days on Market
28
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.