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142 S El Molino Ave, Pasadena, CA 91101
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142 S El Molino Ave Pasadena, CA 91101

$2,525,000
  • 6 Beds
  • 7 Baths
  • 5,103 Sq.Ft.
For Sale
$2,525,000 Get Pre-Qualified
Map preview of 142 S El Molino Ave, Pasadena, CA 91101

Property Overview: 142 S El Molino Ave Pasadena, CA has 6 bedrooms, 7 bathrooms, 5,103 living square feet and 6,900 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: ASSUMABLE FINANCING @ 3.15% INTEREST!! REMODELED INTERIORS, FULL COPPER PLUMBING, UPDATED ELECTRICAL, W/D INSIDE UNITS, TANKLESS WATER HEATERS, CENTRAL AC SYSTEMS, NEWER APPLIANCES, UPDATED WINDOWS, SOFT-STORY RETROFIT COMPLETE! We are pleased to present this fantastic 6-unit property in one of the best rental areas of Pasadena with excellent rental income. The Playhouse Village area boasts as a WALKER'S PARADISE with its close proximity to restaurants, retail and S. Lake Ave. The unit mix consists of one, large 2 Bed + 2 bath unit; one 2 Bed + 1 bath unit; two 1 Bed + 1 bath units and 2 Studio + 1 bath units. The interiors offer sheik kitchen designs with newer cabinets and countertops, updated bathrooms and showers, wood flooring and newer Air Conditioners. Given their location and look these apartments have a very strong history of renting quickly and at top rents. There are six on-site, parking spaces with wall storage cabinets for tenants. The property is FULLY sprinklered for additional safety. Separately metered for electricity and gas and each unit has their own water heater. This can be purchase separately or together with the next door, 9 unit property at 664 Mira Monte Pl., MLS# 24-413665. A rare offering for one or two properties that have been well updated and meticulously managed by the ownership. PLEASE DO NOT DISTURB THE TENANTS.

Listed by Alexander Metaxas | BRE #01784652 | Realty Investment Advisors, Inc.
Co-listed by Benjamin J. Hsiang | BRE #01438644 | Realty Investment Advisors, Inc.
Last checked: 1 minute ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 61

Home details

Lot Sq. Ft
6,900
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24413263
City
Pasadena
County
Los Angeles
Time on Site
71 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,795
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,873
  • Total Rent: $3,747
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,230
  • Total Rent: $4,460
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,717
  • Total Rent: $2,717
  • Pro Forma/Market Rent: $2,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.31%
  • Gross Rent Multiplier: 15.25
  • Gross Scheduled Income: --
  • Net Operating Income: $108,741
  • Gross Operating Income: $160,556
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 142 S El Molino Ave

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Property Details for 142 S El Molino Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: Multi/Split
  • Security Features: Fire Sprinkler System
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 6
  • Parcel Number: 5734023031
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South on El Molino Ave, between Green St and Cordova St.
View more facts & features

Local Pasadena Agent

Sale History for 142 S El Molino Ave

Last sold for $1,150,000 on May 13th, 2008

  • July, 2024

  • Jul 9, 2024

    Date

    Active

    CRMLS: 24413263

    $2,525,000

    Price

  • May, 2008

  • May 13, 2008

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

  • May, 1997

  • May 14, 1997

    Date

    Sold (Public Records)

    Public Records

    $335,000

    Price

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Tax History for 142 S El Molino Ave

Assessed Value (2020): $1,381,993
Year Land Value Improved Value Assessed Value
2020 $876,759 $505,234 $1,381,993

Home Value Compared to the Market

This property vs the competition

142 S El Molino Ave is listed 102% 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 $494.81 per/sqft which puts the price per square foot 35.49% lower than the median price per square foot for the city of Pasadena.

About 142 S El Molino Ave

Detailed summary of property

142 S El Molino Ave is a multi family located in Pasadena, CA 91101 and is currently for sale. This multi family property offers 6 bedrooms, 7 bathrooms, roughly 5,103 living square feet, and sits on an approximately 6,900 square foot lot. 142 S El Molino Ave was first listed on ArdentRealEstateGroup.com on July 10, 2024. The homeowner is currently asking $2,525,000. 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 102% higher than the median priced home. Local competing homes currently for sale include 2119 N Broadway, 3235 Andrita St and 600 N Soto St. While the average home in Pasadena, CA is selling in 56 days, 142 S El Molino Ave has a days on market of 61 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 142 S El Molino Ave Pasadena, CA 91101 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 142 S El Molino Ave

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
5,103
Lot Size
6,897
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
16,17
APN
5734-023-031

The source for these homes facts are from public records.

91101 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$819,900
Median List Price/Sq.Ft.
$728
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$798
Total Inventory
59
Median Sale to List Price %
99.01%
Avg Days on Market
60
Loan Type
Conventional (45.45%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

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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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