1588 N Hill Ave, Pasadena, CA 91104
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1588 N Hill Ave Pasadena, CA 91104

$1,070,000 Sold Price as of 03/09/2021
  • 5 Beds
  • 4 Baths
  • 2,136 Sq.Ft.
Sold
$1,070,000 Sold Price as of 03/09/2021 Refinance Your Mortgage

Map preview of 1588 N Hill Ave, Pasadena, CA 91104

Property Overview: 1588 N Hill Ave Pasadena, CA has 5 bedrooms, 4 bathrooms, 2,136 living square feet and 7,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent opportunity with this Mid-Century Spanish-style triplex located on a beautiful, tree-lined street in a well-maintained Pasadena neighborhood. The front home features 3 bedrooms and 2 baths (1,100 sf) & was updated in 2019 with all new wood laminate flooring, fresh paint and a charming outdoor seating area. The home is light and bright and sits behind a wall of front hedges for added privacy. Some of the many improvements include HVAC, copper plumbing, H2o heaters, new windows, elastomeric roof coatings, updated circuit breaker panels, and SoCal WaterSmart landscaping. The side-by-side duplex units sit behind the front house. Both are approx 500 sf & feature 1 bedroom & 1 bathroom with AC, new windows, wood flooring, copper plumbing, off-street parking. Both units share laundry and outside seating area. Excellent location close to restaurants, shopping, outdoor recreation and just minutes to downtown Pasadena & Old Pasadena, plus just blocks to the 210 & 134 freeways. Seller also has 2 other residential income properties available. Purchase all 3 as a portfolio. Rare multi-unit opportunity in a great residential community! A total of 8 units on 3 parcels within 5 miles distance. [336-336 1/2 VENTURA MLS# SR20175744 | 2115-2117 MARENGO MLS # SR20176130 | 1588-1592 N HILL AVE MLS# SR20174655] All substantially updated with great cash flows and excellent long term tenants. Units in Total: 3 - 3 bed/2 bath, 5 - 1 bed/1 bath.

Listed by Stephanie Vitacco | BRE #00985615 | Keller Williams Encino-Sherman Oaks
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 121

Home details

Lot Sq. Ft
7,501
HOA Dues
$0/mo
Year built
1924
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
SR20174655
City
Pasadena
County
Los Angeles
Time on Site
1362 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: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,880
  • Total Rent: $2,880
  • Pro Forma/Market Rent: $2,880
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,840
  • Total Rent: $1,840
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $6,880
  • Net Operating Income: $6,448
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $432
  • New Taxes: $13,560
  • Trash: $120
  • Gardener: $900
  • Insurance: $996
  • Water/Sewer: $780

Property Details for 1588 N Hill Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Individual Room, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Living Room
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: Back Yard, Front Yard, Landscaped, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 5850018003
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Elizabeth on the East side of Hill
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

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Sale History for 1588 N Hill Ave

Last sold for $1,070,000 on March 9th, 2021
  • March, 2021

  • Mar 9, 2021

    Date

    Sold

    CRMLS: SR20174655

    $1,070,000

    Price

  • Jan 22, 2021

    Date

    Pending

    CRMLS: SR20174655

    $1,100,000

    Price

  • Jan 7, 2021

    Date

    Active

    CRMLS: SR20174655

    $1,100,000

    Price

  • Dec 12, 2020

    Date

    Pending

    CRMLS: SR20174655

    $1,100,000

    Price

  • Oct 17, 2020

    Date

    Price Change

    CRMLS: SR20174655

    $1,100,000

    Price

  • Aug 27, 2020

    Date

    Active

    CRMLS: SR20174655

    $1,130,000

    Price

  • March, 2006

  • Mar 31, 2006

    Date

    Sold (Public Records)

    Public Records

    $699,000

    Price

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Tax History for 1588 N Hill Ave

Assessed Value (2020): $873,433
Year Land Value Improved Value Assessed Value
2020 $748,485 $124,948 $873,433

Home Value Compared to the Market

This property vs the competition

1588 N Hill Ave sold on March 9, 2021 for 12% lower 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 $514.98 per/sqft which puts the price per square foot 32.51% lower than the current median sale per square foot for the city of Pasadena.

About 1588 N Hill Ave

Detailed summary of property

1588 N Hill Ave is a multi family that recently sold in Pasadena, CA 91104. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 2,136 living square feet, and sits on an approximately 7,501 square foot lot. 1588 N Hill Ave was first listed on ArdentRealEstateGroup.com on August 27, 2020. The homeowner sold the property for $1,070,000. 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 12% lower than the current median priced home. Local homes that are currently for sale include 5316 Cronus St, 4951 Baltimore St and 148 S Avenue 53. While the average home in Pasadena, CA is selling in 51 days, 1588 N Hill Ave has a days on market of 121 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 1588 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 1588 N Hill Ave

Public county record property details
Beds
5
Baths
3
Year built
1924
Sq. Ft.
2,136
Lot Size
7,500
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5850-018-003

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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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.