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1573 N Hill Ave, Pasadena, CA 91104
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1573 N Hill Ave Pasadena, CA 91104

$1,195,000 Sold Price as of 06/28/2019
  • 3 Beds
  • 3 Baths
  • -- Sq.Ft.
Sold
$1,195,000 Sold Price as of 06/28/2019 Refinance Your Mortgage
Map preview of 1573 N Hill Ave, Pasadena, CA 91104

Property Overview: 1573 N Hill Ave Pasadena, CA has 3 bedrooms, 3 bathrooms, -- living square feet and 7,941 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located on North Hill Avenue in Pasadena, CA, this duplex is ideal for an investor looking for a turn-key solution in one of the premier sub-markets of Los Angeles County. With potential for thirty year financing, this investment can act as a strong hedge against inflation. Built in 2018, this project stands as a previous retail unit that has been converted into a creative artist loft (1 bed / 1 bath ) and a townhome (2 bed / 2 bath). With a large layout for each unit, a potential investor will have flexibility in their lifestyle through additional income. Each unit has been furnished with stainless steel appliances and high end cabinets. With great furnishing, each unit can be a dream for modern living.

Listed by Casey Picard | BRE #01921866 | Keller Williams Realty
Last checked: 54 seconds ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
7,941
HOA Dues
$0/mo
Year built
2018
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
P0-819001639
City
Pasadena
County
Los Angeles
Time on Site
1398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: --
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Total Rent: --
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: --
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.12%
  • Gross Rent Multiplier: 14.76
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Insurance: $1,500
  • Maintenance: $1,575
  • Water/Sewer: $1,800

Property Details for 1573 N Hill Ave

Interior Features
Room Information
  • Flooring: Wood
Interior Features
  • Levels: One, Two
Lot Details / Garage and Parking
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5850013017
  • Year Built Source: Builder
  • Property is not Attached
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Other Subdivision Name: Not Applicable - 1007242
  • Directions: Cross Street: Washington Boulevard;
View more facts & features

Local Pasadena Agent

Sale History for 1573 N Hill Ave

Last sold for $1,195,000 on June 28th, 2019

  • July, 2019

  • Jul 2, 2019

    Date

    Sold

    CRMLS: P0-819001639

    $1,195,000

    Price

  • Apr 25, 2019

    Date

    Pending

    CRMLS: P0-819001639

    $1,185,000

    Price

  • Apr 12, 2019

    Date

    Active

    CRMLS: P0-819001639

    $1,185,000

    Price

  • June, 2019

  • Jun 27, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,195,000

    Price

  • April, 2019

  • Apr 10, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2019

  • Feb 1, 2019

    Date

    Expired

    CRMLS: P0-818004558

    $1,425,000

    Price

  • Nov 5, 2018

    Date

    Withdrawn

    CRMLS: P0-818004558

    $1,425,000

    Price

  • Oct 17, 2018

    Date

    Price Change

    CRMLS: P0-818004558

    $1,425,000

    Price

  • Sep 14, 2018

    Date

    Active

    CRMLS: P0-818004558

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    Located on North Hill Avenue in Pasadena, CA, this duplex is ideal for an owner/user looking for additional income to supplement their mortgage payments or a turn-key investment in one of the premier sub-markets of Los Angeles County. Built in 2018, this project stands as a converted convenient store (1 bed / 1 bath ) and a townhome (2 bed / 2 bath). With a large layout for each unit, a potential investor will have flexibility in their lifestyle through additional income. Each unit has been furnished with stainless steel appliances and high end cabinets. With great furnishing, each unit can be a dream for modern living.

  • December, 2018

  • Dec 9, 2018

    Date

    Expired

    CRMLS: P0-818005801

    $1,425,000

    Price

  • Dec 8, 2018

    Date

    Active

    CRMLS: P0-818005801

    $1,425,000

    Price

  • Listing provided courtesy of CRMLS

    Located on N. Hill Avenue in Pasadena, California, this investment consists of a renovated conveneniet store which has been converted into a 1,450 SF 1 bedroom / 1 bathroom unit. The front unit maintains an open floor plan and currently fetches $2,995 in rent. The rear unit is a newly constructed 2 bed / 2 bath 1,750 SF townhome with spiral staircase which fetches $3,695 per month in rent. With a private yard and state of the art kitchen amenities, this beautiful unit can be converted into an owner-user unit.

  • September, 2018

  • Sep 10, 2018

    Date

    Canceled

    CRMLS: AR18202648

    $1,625,000

    Price

  • Aug 20, 2018

    Date

    Active

    CRMLS: AR18202648

    $1,625,000

    Price

  • Listing provided courtesy of CRMLS

    2 on a lot...Converted Mini Mart with Loft style design, polished concrete floors, 6ft custom island with marble counters, 10ft custom glass bedroom retracting doors and a 5ft custom white-washed oak barn door for the bathroom. New Construction rear unit with Mezzanine style design, smoked hardwood floors, custom spiral stairs, freestanding bathtub with double sinks in master bath and 17ft ceilings. Private gated driveway that leads to 4 covered carport parking spaces. Drip irrigation and beautiful fenced backyard for the rear house. Custom White Santa Barbara stucco on rear house and Charcoal stucco on front unit. Quiet neighborhood, just minutes from Downtown and the 210. This is the perfect scenario for Owner occupied with investment opportunity or straight investment hold with strong cashflow. Strong rental reaction on both units with waiting list. Investments like this don’t come often on the market, so don't waste time. This is a must see!

  • June, 2018

  • Jun 4, 2018

    Date

    Expired

    CRMLS: P0-818001339

    $1,499,000

    Price

  • May 15, 2018

    Date

    Hold

    CRMLS: P0-818001339

    $1,499,000

    Price

  • Mar 25, 2018

    Date

    Active

    CRMLS: P0-818001339

    $1,499,000

    Price

  • Listing provided courtesy of CRMLS

    This is a unique opportunity to own two newly constructed homes adjacent to Pasadena's Historic Highlands. Modern and sleek, both houses have been carefully designed and built by a private developer to create the modern, urban, Southern California lifestyle The back house is just short of 2000 square feet with soaring ceilings in the living room. The breathtaking first floor incorporates the living room, dining room and kitchen in one sweeping, light filled, open floor concept. A second floor mezzanine wraps around the guest bedroom and luxurious master bath incorporating a small second floor office/study overlooking the living space below. The front house has an open, loft-inspired floorplan with walls of glass and a sprawling living room and kitchen. Both residences have private yard spaces and ample parking.

  • June, 2018

  • Jun 4, 2018

    Date

    Expired

    CRMLS: P0-818001352

    $1,499,000

    Price

  • May 15, 2018

    Date

    Hold

    CRMLS: P0-818001352

    $1,499,000

    Price

  • Mar 26, 2018

    Date

    Active

    CRMLS: P0-818001352

    $1,499,000

    Price

  • Listing provided courtesy of CRMLS

    This is a unique opportunity to own two newly constructed homes adjacent to Pasadena's Historic Highlands. Modern and sleek, both houses have been carefully designed and built by a private developer to create the modern, urban, Southern California lifestyle The back house is just short of 2000 square feet with soaring ceilings in the living room. The breathtaking first floor incorporates the living room, dining room and kitchen in one sweeping, light filled, open floor concept. A second floor mezzanine wraps around the guest bedroom and luxurious master bath incorporating a small second floor office/study overlooking the living space below. The front house has an open, loft-inspired floorplan with walls of glass and a sprawling living room and kitchen. Both residences have private yard spaces and ample parking.

  • May, 2018

  • May 29, 2018

    Date

    Expired

    CRMLS: 214021565

    --

    Price

  • Listing provided courtesy of CRMLS

    Excellent Opportunity Located in a charming Residential Pocket on Hill in North East Pasadena. Mixed Use Property with a Market facing Hill. Property has a Restaurant License and Beer & Wine License. Currently, a well-equipped Kitchen is used to prepare food in addition to the general Market sales. The back of the property is separated by a Fence and has a Detached 2 Bed/1 Bath Residential Unit for an owner/manager or tenant, with a Garage and Laundry Area. Inventory and Equipment Negotiable: Walk-In Cooler, Beverage Fridges/Coolers, Grill, Hood, Stove, Condiment Cooler, Freezer, and Coffee Bar & Cappuccino Machine.

  • June, 2014

  • Jun 5, 2014

    Date

    Price Change

    CRMLS: P0-214021565

    $848,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent Opportunity Located in a charming Residential Pocket on Hill in North East Pasadena. Mixed Use Property with a Market facing Hill. Property has a Restaurant License and Beer & Wine License. Currently, a well-equipped Kitchen is used to prepare food in addition to the general Market sales. The back of the property is separated by a Fence and has a Detached 2 Bed/1 Bath Residential Unit for an owner/manager or tenant, with a Garage and Laundry Area. Inventory and Equipment Negotiable: Walk-In Cooler, Beverage Fridges/Coolers, Grill, Hood, Stove, Condiment Cooler, Freezer, and Coffee Bar & Cappuccino Machine.

  • February, 2014

  • Feb 18, 2014

    Date

    Price Change

    CRMLS: P0-213006805

    $848,000

    Price

  • Dec 5, 2013

    Date

    Price Change

    CRMLS: P0-213006805

    $898,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent Opportunity Located in a charming Residential Pocket on Hill in North East Pasadena. Mixed Use Property with a Market facing Hill. Property has a Restaurant License and Beer & Wine License. Currently, a well-equipped Kitchen is used to prepare food in addition to the general Market sales. The back of the property is separated by a Fence and has a Detached 2 Bed/1 Bath Residential Unit for an owner/manager or tenant, with a Garage and Laundry Area. Inventory and Equipment Negotiable: Walk-In Cooler, Beverage Fridges/Coolers, Grill, Hood, Stove, Condiment Cooler, Freezer, and Coffee Bar & Cappuccino Machine.

  • December, 2013

  • Dec 5, 2013

    Date

    Price Change

    CRMLS: P0-213006302

    $898,000

    Price

  • Listing provided courtesy of CRMLS

    ** Pictures will be posted tomorrow due to MLS technical problems. ** Excellent Opportunity Located in a charming Residential Pocket on Hill in North East Pasadena. Mixed Use Property with a Market facing Hill. Property has a Restaurant License and Beer & Wine License. Currently, a well-equipped Kitchen is used to prepare food in addition to the general Market sales. The back of the property is separated by a Fence and has a Detached 2 Bed/1 Bath Residential Unit for an owner/manager or tenant, with a Garage and Laundry Area. Inventory and Equipment Negotiable: Walk-In Cooler, Beverage Fridges/Coolers, Grill, Hood, Stove, Condiment Cooler, Freezer, and Coffee Bar & Cappuccino Machine.

  • January, 2009

  • Jan 13, 2009

    Date

    Sold

    CRMLS: 12107686

    $687,000

    Price

  • Mar 25, 2008

    Date

    Active

    CRMLS: 12107686

    $849,000

    Price

  • Listing provided courtesy of CRMLS

    HOT! Great mixed use property, featuring a market/store facing street, and detached residential unit in back (2-bedrooms/1-bath, plus garage). Located in the serene Rosetta Heights area of Pasadena, this is an excellent opportunity for Owner/User looking for additional income. Overall, property has off-street parking for approx. 4 cars. This is a unique property sitting in a beautiful residential pocket, yet central to all Pasadena has to offer.

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Tax History for 1573 N Hill Ave

Assessed Value (2020): $1,218,900
Year Land Value Improved Value Assessed Value
2020 $731,340 $487,560 $1,218,900

Home Value Compared to the Market

This property vs the competition

1573 N Hill Ave sold on June 28, 2019 for 5.2% lower than the current median sold price for the city of Pasadena which is $1,250,000.

About 1573 N Hill Ave

Detailed summary of property

1573 N Hill Ave is a multi family that recently sold in Pasadena, CA 91104. This multi family property offered 3 bedrooms, 3 bathrooms, roughly -- living square feet, and sits on an approximately 7,941 square foot lot. 1573 N Hill Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,195,000. 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 5.2% lower than the current median priced home. Local homes that are currently for sale include 5211 Huntington Dr, 5745 Arroyo Dr and 5363 Edna St. While the average home in Pasadena, CA is selling in 51 days, 1573 N Hill Ave has a days on market of 12 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 1573 N Hill 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 1573 N Hill Ave

Public county record property details
Beds
3
Baths
4
Year built
1924
Sq. Ft.
3,185
Lot Size
7,941
Stories
1
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
63
APN
5850-013-017

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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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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