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149 S Los Robles Ave, Pasadena, CA 91101
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149 S Los Robles Ave Pasadena, CA 91101

$7,850,000 Sold Price as of 04/16/2021
  • 17 Beds
  • 39 Baths
  • 28,445 Sq.Ft.
Sold
$7,850,000 Sold Price as of 04/16/2021 Refinance Your Mortgage
Map preview of 149 S Los Robles Ave, Pasadena, CA 91101

Property Overview: 149 S Los Robles Ave Pasadena, CA has 17 bedrooms, 39 bathrooms, 28,445 living square feet and 13,672 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Stanley is a 1920’s Reinforced Brick Building consisting of 39 units. There are also 4 non-conforming units (a penthouse unit & 3 basement units, 1 of which is currently being used as a hair salon). The nostalgic character comes from its previous use as The Stanley Hotel and still has the lobby and front desk. Most units have original wood flooring except some have been replaced with laminate. All units have radiator heating by the boiler in the basement. All units that have a refrigerator or stove are provided by the landlord. AC is provided by the tenant. The gas & electricity are master-metered. The subject property offers street parking with many tenants choosing to lease from neighboring public parking structures, a common area laundry room with 2 washers/2 dryers leased from WASH & a vintage elevator. The property offers gated entry, a basement with 30 storage units each measuring approx. 6x6 ft currently being used by the landlord. The property has some breakers & some fuses, original galvanized plumbing with some copper replacements as needed & has a possible option to convert non-confirming unit to an ADU. Buyer to verify.

Listed by KEVIN LUTZ | BRE #00925595 | PASADENA MARKET CENTER
Co-listed by KEVIN HURLEY | BRE #01237798 | PASADENA MARKET CENTER
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 54

Home details

Lot Sq. Ft
13,672
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
WS20213739
City
Pasadena
County
Los Angeles
Time on Site
1176 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 39
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 14
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,116
  • Total Rent: $15,625
  • Pro Forma/Market Rent: $18,900
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,303
  • Total Rent: $7,820
  • Pro Forma/Market Rent: $9,000
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $2,590
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 4
  • # of Units: 14
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,589
  • Total Rent: $22,250
  • Pro Forma/Market Rent: $24,500
Unit Breakdown 5
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,585
  • Total Rent: $4,755
  • Pro Forma/Market Rent: $5,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.85%
  • Gross Rent Multiplier: 13.4
  • Gross Scheduled Income: $655,876
  • Net Operating Income: $356,527
  • Gross Operating Income: --
  • Laundry Income: $3,960
  • Other Income 1: $49,956
  • Other Income Description: Non-Conforming Units
Annual Expense Breakdown
  • Total Operating Expense: $299,349
  • Electric: $28,904
  • Gas/Fuel: $9,382
  • New Taxes: $97,681
  • Trash: $30,937
  • Gardener: $2,400
  • Insurance: $12,134
  • Maintenance: $55,232
  • Professional Management: $32,235
  • Water/Sewer: $10,067
  • Other Expenses: $17,857
  • Other Expense Description: Other

Property Details for 149 S Los Robles Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 39
  • Parcel Number: 5722030008
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Los Robles Avenue & East Green Street
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Pasadena Agent

Sale History for 149 S Los Robles Ave

Last sold for $7,850,000 on April 16th, 2021

  • April, 2021

  • Apr 19, 2021

    Date

    Sold

    CRMLS: WS20213739

    $7,850,000

    Price

  • Feb 22, 2021

    Date

    Pending

    CRMLS: WS20213739

    $9,250,000

    Price

  • Jan 27, 2021

    Date

    Withdrawn

    CRMLS: WS20213739

    $9,250,000

    Price

  • Jan 9, 2021

    Date

    Hold

    CRMLS: WS20213739

    $9,250,000

    Price

  • Jan 9, 2021

    Date

    Active

    CRMLS: WS20213739

    $9,250,000

    Price

  • Dec 2, 2020

    Date

    Hold

    CRMLS: WS20213739

    $9,250,000

    Price

  • Oct 10, 2020

    Date

    Active

    CRMLS: WS20213739

    $9,250,000

    Price

  • January, 2019

  • Jan 4, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2018

  • Jul 30, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 149 S Los Robles Ave

Assessed Value (2020): $1,455,842
Year Land Value Improved Value Assessed Value
2020 $354,678 $1,101,164 $1,455,842

Home Value Compared to the Market

This property vs the competition

149 S Los Robles Ave sold on April 16, 2021 for 640% 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 $325.19 per/sqft which puts the price per square foot 57.38% lower than the current median sale per square foot for the city of Pasadena.

About 149 S Los Robles Ave

Detailed summary of property

149 S Los Robles Ave is a multi family that recently sold in Pasadena, CA 91101. This multi family property offered 17 bedrooms, 39 bathrooms, roughly 28,445 living square feet, and sits on an approximately 13,672 square foot lot. 149 S Los Robles Ave was first listed on ArdentRealEstateGroup.com on February 22, 2021. The homeowner sold the property for $7,850,000. 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 640% higher than the current median priced home. Local homes that are currently for sale include 3704 Glendon Ave, 11755 National Blvd and 11666 Mayfield Ave. While the average home in Pasadena, CA is selling in 57 days, 149 S Los Robles Ave has a days on market of 54 days. There are currently 258 homes for sale in the Pasadena real estate market and 155 of them are single family homes while 75 of them are condos and 28 are townhomes. For more information on this home for sale at 149 S Los Robles 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 149 S Los Robles Ave

Public county record property details
Beds
11
Baths
--
Year built
1925
Sq. Ft.
28,445
Lot Size
13,572
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,30
APN
5722-030-008

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
$750,000
Median List Price/Sq.Ft.
$707
Median Sold Price
$846,000
Median Sold Price/Sq.Ft.
$725
Total Inventory
45
Median Sale to List Price %
110.59%
Avg Days on Market
71
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (28.57%)

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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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