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1365 N Mentor Ave, Pasadena, CA 91104
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1365 N Mentor Ave Pasadena, CA 91104

$1,975,000 Sold Price as of 06/08/2023
  • 6 Beds
  • 5 Baths
  • 3,736 Sq.Ft.
Sold
$1,975,000 Sold Price as of 06/08/2023 Refinance Your Mortgage
Map preview of 1365 N Mentor Ave, Pasadena, CA 91104

Property Overview: 1365 N Mentor Ave Pasadena, CA has 6 bedrooms, 5 bathrooms, 3,736 living square feet and 7,113 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This attractive 1936 Mediterranean style apartment complex offers a great opportunity for investors and first-time buyers alike. Within its two separate buildings, a duplex and a triplex, this complex offers five units with all the period-appropriate features of its era such as flooring, tile, cabinet and fixtures, but with the added convenience of modern amenities. Such amenities include mini split heat and air conditioners, individual electric and gas meters, and individual water heaters. Four single car private garages are rented separately and can be reconfigured to one Large 2 Bedroom ADU. The seller's 1.075M loan is assumable with a favorable interest rate of 3.15% fixed until May 2026. This turnkey apartment complex is perfect for anyone looking to invest in a property that offers both vintage charm and modern convenience.

Listed by Matt Cuong Ly | BRE #01441481 | Coldwell Banker Realty
Last checked: 15 minutes ago | Last updated: June 9th, 2023 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
7,113
HOA Dues
$0/mo
Year built
1936
Garage
4 Car
Property Type:
Apartment
Status
Sold
MLS#
AR23042899
City
Pasadena
County
Los Angeles
Time on Site
424 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,226
  • Total Rent: $2,226
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $2,195
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,902
  • Total Rent: $1,902
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,997
  • Total Rent: $1,997
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.38%
  • Gross Rent Multiplier: 16.12
  • Gross Scheduled Income: $12,997
  • Net Operating Income: $70,771
  • Gross Operating Income: $126,207
  • Vacancy Allowance: $3,770
  • # of Rented Garages: 4
  • Garage Rental Income: $3,360
  • Laundry Income: $960
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $41,706
  • Electric: $742
  • Gas/Fuel: $576
  • New Taxes: $26,188
  • Trash: $1,388
  • Gardener: $2,700
  • Insurance: $3,000
  • Maintenance: $5,000
  • Professional Management: $0
  • Water/Sewer: $1,388
  • Other Expenses: $1,000

Property Details for 1365 N Mentor Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Planned Development
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 5848029019
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Lake Ave. & Washington Blvd.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Pasadena Agent

Sale History for 1365 N Mentor Ave

Last sold for $1,975,000 on June 8th, 2023

  • June, 2023

  • Jun 8, 2023

    Date

    Sold

    CRMLS: AR23042899

    $1,975,000

    Price

  • Mar 23, 2023

    Date

    Active

    CRMLS: AR23042899

    $20,950,000

    Price

  • July, 2016

  • Jul 27, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,250,000

    Price

Show More

Tax History for 1365 N Mentor Ave

Assessed Value (2020): $1,326,710
Year Land Value Improved Value Assessed Value
2020 $795,906 $530,804 $1,326,710

Home Value Compared to the Market

This property vs the competition

1365 N Mentor Ave sold on June 8, 2023 for 67.6% 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 $560.76 per/sqft which puts the price per square foot 26.51% lower than the current median sale per square foot for the city of Pasadena.

About 1365 N Mentor Ave

Detailed summary of property

1365 N Mentor Ave is a apartment that recently sold in Pasadena, CA 91104. This apartment offered 6 bedrooms, 5 bathrooms, roughly 3,736 living square feet, and sits on an approximately 7,113 square foot lot. 1365 N Mentor Ave was first listed on ArdentRealEstateGroup.com on March 23, 2023. The homeowner sold the property for $1,975,000. 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 67.6% higher than the current median priced home. Local homes that are currently for sale include 4311 Eagle Rock Blvd, 5150 Ithaca Ave and 2472 N Eastern Ave. While the average home in Pasadena, CA is selling in 51 days, 1365 N Mentor Ave has a days on market of 20 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 1365 N Mentor Ave Pasadena, CA 91104 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 1365 N Mentor Ave

Public county record property details
Beds
8
Baths
6
Year built
--
Sq. Ft.
3,736
Lot Size
7,114
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
18,20
APN
5848-029-019

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
$1,256,000
Median List Price/Sq.Ft.
$869
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$849
Total Inventory
29
Median Sale to List Price %
120.12%
Avg Days on Market
20
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (30%), Other (30%)

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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