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1507 Wesley Ave, Pasadena, CA 91104
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1507 Wesley Ave Pasadena, CA 91104

$1,303,000 Sold Price as of 02/23/2024
  • 5 Beds
  • 3 Baths
  • 2,067 Sq.Ft.
Sold
$1,303,000 Sold Price as of 02/23/2024 Refinance Your Mortgage
Map preview of 1507 Wesley Ave, Pasadena, CA 91104

Property Overview: 1507 Wesley Ave Pasadena, CA has 5 bedrooms, 3 bathrooms, 2,067 living square feet and 7,358 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in the East Washington Village section of Pasadena, this 3-unit property offers an ideal opportunity for an owner-user or investor. This property currently consists of 3 fully updated units measuring approx. 2,067sf. Approved City plans are available to convert an existing storage into a 202sf. ADU that is located at the rear of the property are also included. The existing multi-use studio/storage is ideal as an ADU-unit, a home office, guest quarters or hobby shop. The property provides great cash-flow with room for revenue improvement and consists of: Two - 2 bedroom and 1 bath units, One - 1 bedroom and 1 bath unit and a separate studio/home office with a 3/4 bath. Tastefully updated and well maintained, these units offer newer kitchens with built-in appliances, updated bathrooms, updated windows and doors, newer laminate flooring, newer cabinets and countersign addition to updated electrical and plumbing. Each unit(except the studio) has its own laundry connections. The property includes parking for up to 4-vehicles, 4 electrical and 4 gas meters. Situated within walking distance of the local shops on Washington Blvd. and only minutes away from the local schools and transportation.

Listed by Luther Tsinoglou | BRE #01135433 | Compass
Last checked: 2 minutes ago | Last updated: February 24th, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
7,358
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
AR24009349
City
Pasadena
County
Los Angeles
Time on Site
123 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $80,400
  • Net Operating Income: $58,163
  • Gross Operating Income: --
  • Vacancy Allowance: $2,412
  • # of Rented Garages: 0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $19,825
  • Electric: $800
  • Gas/Fuel: $0
  • New Taxes: $16,225
  • Trash: $0
  • Insurance: $1,600
  • Water/Sewer: $1,200

Property Details for 1507 Wesley Ave

Interior Features
Heating Information
  • Has Heating
  • Heat Pump, Natural Gas, Wall Furnace
Laundry Information
  • Has Laundry
  • In Kitchen, Outside, See Remarks, Stackable
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Lighting
  • Other Structures: Shed(s)
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Front Yard, Lawn, Level with Street, Rectangular Lot, Walkstreet, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 5850017022
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: West on Washington Blvd. and Right on Wesley Ave. (one block East of Hill Ave.)
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Pasadena Agent

Sale History for 1507 Wesley Ave

Last sold for $1,303,000 on February 23rd, 2024

  • February, 2024

  • Feb 23, 2024

    Date

    Sold

    CRMLS: AR24009349

    $1,303,000

    Price

  • Jan 17, 2024

    Date

    Active

    CRMLS: AR24009349

    $1,298,000

    Price

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: AR20225974

    $1,195,000

    Price

  • Apr 1, 2021

    Date

    Active

    CRMLS: AR20225974

    $1,195,000

    Price

  • Mar 28, 2021

    Date

    Hold

    CRMLS: AR20225974

    $1,195,000

    Price

  • Mar 27, 2021

    Date

    Active

    CRMLS: AR20225974

    $1,195,000

    Price

  • Mar 26, 2021

    Date

    Hold

    CRMLS: AR20225974

    $1,195,000

    Price

  • Feb 2, 2021

    Date

    Active

    CRMLS: AR20225974

    $1,195,000

    Price

  • Jan 15, 2021

    Date

    Hold

    CRMLS: AR20225974

    $1,195,000

    Price

  • Oct 27, 2020

    Date

    Active

    CRMLS: AR20225974

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    Located in the East Washington Village section of Pasadena, this 4-unit property offers an ideal opportunity for an owner-user or investor. This property consists of 3 fully updated units along with an separate studio unit with a 3/4 bath and kitchenette (in process to convert into an ADU), that is located at the rear of the property. This multi-use studio is ideal as an ADU-unit, a home office, guest quarters or hobby shop. The property provides great cash-flow with room for revenue improvement and consists of: Two - 2bedroom and 1bath units, One - 1bedroom and 1bath unit and a separate studio/home office with a 3/4 bath. Tastefully updated, this property offers newer kitchens and baths, updated windows and doors, laminate flooring, newer cabinets, counters and built-in appliances. Each unit(except the studio) has its own laundry connections. The property includes parking for up to 5-vehicles, 4 electrical and 4 gas meters. Situated within walking distance of the local shops on Washington Blvd. and only minutes away from the local schools and transportation.

  • September, 2018

  • Sep 1, 2018

    Date

    Expired

    CRMLS: AR18102340

    $1,150,000

    Price

  • Jun 5, 2018

    Date

    Price Change

    CRMLS: AR18102340

    $1,150,000

    Price

  • May 3, 2018

    Date

    Active

    CRMLS: AR18102340

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    Located in the East Washington Village section of Pasadena, this 3-Unit property offers a rare opportunity for an owner-user or investor. This property consists of 3 updated units along with an additional legal storage with bath, located in the rear of the property, that is ideal for a home office, guest quarters or hobby shop. The property provides great cash-flow and offers; two - 2bedroom and 1bath units, a one - 1bedroom and 1bath unit and a separate storage/home office with a 3/4 bath. Tastefully updated, this property offers newer kitchens and baths, updated windows and doors, laminate flooring, newer cabinets, counters and built-in appliances, 4 electrical and gas meters. Situated within walking distance of the shops on Washington Blvd., transportation, and local schools.

  • June, 2003

  • Jun 24, 2003

    Date

    Sold (Public Records)

    Public Records

    $435,000

    Price

Show More

Tax History for 1507 Wesley Ave

Assessed Value (2020): $576,063
Year Land Value Improved Value Assessed Value
2020 $460,857 $115,206 $576,063

Home Value Compared to the Market

This property vs the competition

1507 Wesley Ave sold on February 23, 2024 for 3.84% 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 $627.96 per/sqft which puts the price per square foot 17.7% lower than the current median sale per square foot for the city of Pasadena.

About 1507 Wesley Ave

Detailed summary of property

1507 Wesley Ave is a triplex that recently sold in Pasadena, CA 91104. This triplex offered 5 bedrooms, 3 bathrooms, roughly 2,067 living square feet, and sits on an approximately 7,358 square foot lot. 1507 Wesley Ave was first listed on ArdentRealEstateGroup.com on January 17, 2024. The homeowner sold the property for $1,303,000. 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 3.84% higher than the current median priced home. Local homes that are currently for sale include 1461 Hepner Ave, 5938 E Echo St and 5910 Monte Vista St. While the average home in Pasadena, CA is selling in 51 days, 1507 Wesley Ave has a days on market of 13 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 1507 Wesley 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 1507 Wesley Ave

Public county record property details
Beds
4
Baths
3
Year built
1923
Sq. Ft.
2,067
Lot Size
7,355
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
53
APN
5850-017-022

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%)

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Recently Sold Homes Near 1507 Wesley Ave

1470 Wesley Ave, Pasadena, CA 91104
$1,400,000 Last Sold Price
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6 Baths
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1470 Wesley Ave
Pasadena, CA 91104
1539 Wesley Ave, Pasadena, CA 91104
$1,286,000 Last Sold Price
6 Beds
3 Baths
1876 Sq.Ft.
1539 Wesley Ave
Pasadena, CA 91104
1460-1462 Wesley Ave, Pasadena, CA 91104
$1,030,000 Last Sold Price
0 Beds
0 Baths
1525 Sq.Ft.
1460-1462 Wesley Ave
Pasadena, CA 91104
1581-1583 Wesley Ave, Pasadena, CA 91104
$1,265,000 Last Sold Price
4 Beds
2 Baths
2101 Sq.Ft.
1581-1583 Wesley Ave
Pasadena, CA 91104

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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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