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154 N Parkwood Ave, Pasadena, CA 91107
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154 N Parkwood Ave Pasadena, CA 91107

$1,325,000 Sold Price as of 03/16/2021
  • 6 Beds
  • 6 Baths
  • 2,462 Sq.Ft.
Sold
$1,325,000 Sold Price as of 03/16/2021 Refinance Your Mortgage
Map preview of 154 N Parkwood Ave, Pasadena, CA 91107

Property Overview: 154 N Parkwood Ave Pasadena, CA has 6 bedrooms, 6 bathrooms, 2,462 living square feet and 8,413 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity to acquire 3 units for sale in desirable south east Pasadena; a tree lined street just a few blocks south of the 210 freeway at Allen exit and four short blocks from the Metro station on Allen Ave. Front single family house enjoys the tranquil yard and tree shades, has 2 bedrooms, 1.5 baths, a garage, and a relaxing front porch. The back duplex consists of: 2 bedrooms, 1.5 baths with one car garage, and 2 bedrooms, 1.5 baths with direct access to the 2 car attached garage. All units have their own inside laundry hookups, separate water heaters, gas and electric meters. Located near world renown California Institute Of Technology (CALTECH), Pasadena Community College (PCC), Huntington Library, Rose Bowl, public transportation, shops, restaurants and schools. Current rents are below market rates with long term tenants.

Listed by HAGOP YAPOUJIAN | BRE #01005112 | HYNET REALTY
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 115

Home details

Lot Sq. Ft
8,413
HOA Dues
$0/mo
Year built
1911
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
MB20201745
City
Pasadena
County
Los Angeles
Time on Site
1455 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 16.73
  • Gross Scheduled Income: $79,200
  • Net Operating Income: $56,470
  • Gross Operating Income: $77,616
Annual Expense Breakdown
  • Total Operating Expense: $21,146
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $16,562
  • Trash: $0
  • Gardener: $600
  • Insurance: $1,200
  • Maintenance: $1,584
  • Water/Sewer: $1,200

Property Details for 154 N Parkwood Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Inside
Room Information
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Water Heater
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Has Fence
  • Wood
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: Driveway, Driveway Level, Garage, Garage - Single Door, Garage - Two Door
Lot Information
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 3
  • Parcel Number: 5746016089
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Raised, Slab
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: 1 West of Allen Ave, 1 North of Colorado Blvd, South of Walnut St
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Pasadena Agent

Sale History for 154 N Parkwood Ave

Last sold for $1,325,000 on March 16th, 2021

  • March, 2021

  • Mar 17, 2021

    Date

    Sold

    CRMLS: MB20201745

    $1,325,000

    Price

  • Feb 2, 2021

    Date

    Active Under Contract

    CRMLS: MB20201745

    $1,325,000

    Price

  • Oct 9, 2020

    Date

    Active

    CRMLS: MB20201745

    $1,325,000

    Price

  • Sep 26, 2020

    Date

    Coming Soon

    CRMLS: MB20201745

    $1,325,000

    Price

  • August, 2019

  • Aug 1, 2019

    Date

    Canceled

    CRMLS: MB19170460

    $1,250,000

    Price

  • Jul 20, 2019

    Date

    Active

    CRMLS: MB19170460

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to acquire 3 units for sale in desirable south east Pasadena a tree lined street just a few blocks south of the 210 freeway at Allen exit. Front single family house enjoys the tranquil yard and tree shades, has 2 bedrooms, two baths and a garage. The back building consists of two units: a 2 bedroom and 2 baths with one car garage, and a 2 bedrooms and 2 baths with 2 car garage. All units have their own inside laundry hookups. Located near world renown California Institute Of Technology (CALTECH), Pasadena Community College, metro station, public transportation, shops, restaurants and schools.

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Tax History for 154 N Parkwood Ave

Assessed Value (2020): $1,141,974
Year Land Value Improved Value Assessed Value
2020 $681,941 $460,033 $1,141,974

Home Value Compared to the Market

This property vs the competition

154 N Parkwood Ave sold on March 16, 2021 for 10.42% higher than the current median sold price for the city of Pasadena which is $1,200,000. The median sold price per/sqft for Pasadena is $781 and this home is sold at $538.18 per/sqft which puts the price per square foot 31.09% lower than the current median sale per square foot for the city of Pasadena.

About 154 N Parkwood Ave

Detailed summary of property

154 N Parkwood Ave is a multi family that recently sold in Pasadena, CA 91107. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 2,462 living square feet, and sits on an approximately 8,413 square foot lot. 154 N Parkwood Ave was first listed on ArdentRealEstateGroup.com on September 26, 2020. The homeowner sold the property for $1,325,000. Home in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $781. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 10.42% higher than the current median priced home. Local homes that are currently for sale include 110 E Washington Blvd, 1860 N Summit Ave and 1758 Lincoln Ave. While the average home in Pasadena, CA is selling in 56 days, 154 N Parkwood Ave has a days on market of 115 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 154 N Parkwood Ave Pasadena, CA 91107 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 154 N Parkwood Ave

Public county record property details
Beds
6
Baths
6
Year built
1911
Sq. Ft.
2,462
Lot Size
8,426
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5746-016-089

The source for these homes facts are from public records.

91107 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$741
Median Sold Price
$1,320,000
Median Sold Price/Sq.Ft.
$707
Total Inventory
72
Median Sale to List Price %
105.6%
Avg Days on Market
34
Loan Type
Conventional (48.15%), FHA (0%), VA (3.7%), Cash (25.93%), Other (14.81%)

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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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