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1728 N Sierra Bonita Ave, Pasadena, CA 91104
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1728 N Sierra Bonita Ave Pasadena, CA 91104

$10,980,000
  • 22 Beds
  • 27 Baths
  • -- Sq.Ft.
For Sale
$10,980,000 Get Pre-Qualified
Map preview of 1728 N Sierra Bonita Ave, Pasadena, CA 91104

Property Overview: 1728 N Sierra Bonita Ave Pasadena, CA has 22 bedrooms, 27 bathrooms, -- living square feet and 37,413 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Offered at 4.29% CAP Rate with 6.12% Proforma CAP (buyer to verify), Sierra Bonita Bungalows is a 26-unit Turnkey Single-story bungalows community in the foothill area of San Gabriel Mountain, and only 2 blocks south of Altadena Country Club. Situated in the prestigious San Gabriel Mountain foothill area, and within walking distance to Altadena Country Club and Altadena Golf Course, this exclusive property consists of 26 units that are spread over 15 buildings and meticulously designed and fully upgraded from top to bottom, providing an attractive proposition for investors looking for steady rental income and long-term value appreciation. The property consists of 3 parcels with highly desirable layouts; a combination of single-story bungalow style single-family houses and duplexes, each unit provides serene and single-family house atmosphere to it, making each unit very easy to rent and highly desirable amongst renters. The large, combined lots allow FOUR (4) ADUs OR MORE (buyer to verify). It is in a quiet residential area surrounded by mostly multi-million dollars SFR. Located just several properties away from the world renown EF International Language Campus (www.EF.com ), and EF Academy, this strategic location provides excellent location for international students, or short rentals. The area commands a fantastic demographic of $170,962 Average Household Income within a-mile-radius. This offering provides rare opportunity to investors who appreciates quality asset and location with multiple exit strategies such as: operate as apartments and enjoy cash-flow and tax benefit over time, operate as short-term rentals for nearby international students, condo conversions, TIC conversions, or operate as-is and add ADUs. Sierra Bonita Bungalows has 3 parcels/properties: address# 1704 consists of 6 units (and situated on ±11,254 SF lot, address# 1710 consists of 12 units and situated on ±10,474 SF lot, and address# 1728 consists of 8 units and situated on ±15,685 SF lot (BUYER TO VERIFY). All three properties have shared parking at the back (combination of carports and garages) and must be sold together. The property has been completely renovated and offers a desirable mix of One (1) x 3bedroom+2bathroom house, nineteen (19) x 1bedroom+1bathroom bungalows, and six (6) studio bungalows.

Listed by Han Chen | BRE #01749321 | Growth Investment Group Pasade
Last checked: 14 minutes ago | Last updated: February 14th, 2024 | Source CRMLS | DOM: 61
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Home details

Lot Sq. Ft
37,413
HOA Dues
$0/mo
Year built
1963
Garage
6 Car
Property Type:
Apartment
Status
Active
MLS#
AR24028994
City
Pasadena
County
Los Angeles
Time on Site
77 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 26
  • Total # of Buildings: 15
  • # of Leased Units: 26
  • # of Electric Meters: 26
  • # of Gas Meters: 26
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,750
  • Total Rent: $3,750
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 2
  • # of Units: 19
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 19
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,228
  • Total Rent: $42,330
  • Pro Forma/Market Rent: $47,500
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,778
  • Total Rent: $10,665
  • Pro Forma/Market Rent: $12,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.29%
  • Gross Rent Multiplier: 16.12
  • Gross Scheduled Income: $680,948
  • Net Operating Income: $470,416
  • Gross Operating Income: $667,329
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $196,912
  • New Taxes: $119,655
  • Trash: $15,600
  • Gardener: $4,200
  • Insurance: $8,279
  • Maintenance: $13,000
  • Professional Management: $20,020
  • Water/Sewer: $10,852

Open Houses for 1728 N Sierra Bonita Ave

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Property Details for 1728 N Sierra Bonita Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Wood
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Levels: One
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: 6
  • # of Parking Spaces: 28
  • Has Parking
  • Parking Features: Assigned, Carport, Detached Carport, Garage
Lot Information
  • Lot Features: Lot 20000-39999 Sqft, Rectangular Lot, Level, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Mountain(s)
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Total # of Units: 26
  • Parcel Number: 5851003012
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: None
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: 2 blocks south of Altadena Country Club
Neighborhood Information
  • Community Features: Suburban, Valley
View more facts & features

Local Pasadena Agent

Sale History for 1728 N Sierra Bonita Ave

Last sold on October 17th, 1980

  • February, 2024

  • Feb 9, 2024

    Date

    Active

    CRMLS: AR24028994

    $10,980,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: AR23114879

    $11,380,000

    Price

  • Jun 27, 2023

    Date

    Active

    CRMLS: AR23114879

    $11,380,000

    Price

  • Listing provided courtesy of CRMLS

    SIERRA BONITA BUNGALOWS, a turnkey/fully upgraded 3 properties/parcels totaling 26 units. Sierra Bonita Bungalows is an exceptional investment opportunity offering a turnkey solution for buyers seeking high-quality apartment units in the beautiful city of Pasadena. Situated in the prestigious San Gabriel Mountain foothill area, and within walking distance to Altadena Country Club and Altadena Golf Course, this exclusive property consists of 26 units that are spread over 15 buildings and meticulously designed and fully upgraded from top to bottom, providing an attractive proposition for investors looking for steady rental income and long-term value appreciation. The property consists of 3 parcels with highly desirable layouts; a combination of single-story bungalow style single-family houses and duplexes, each unit provides serene and single-family house atmosphere to it, making each unit very easy to rent and highly desirable amongst renters. It is in a quiet residential area surrounded by mostly multi-million dollars SFR. Located just several properties away from the world renown EF International Language Campus (www.EF.com ), and EF Academy, this strategic location provides excellent location for international students, or short rentals. The area commands a fantastic demographic of $170,962 Average Household Income within a-mile-radius. This offering provides rare opportunity to investors who appreciates quality asset and location with multiple exit strategies such as: operate as apartments and enjoy cash-flow and tax benefit over time, operate as short-term rentals for nearby international students, condo conversions, TIC conversions, or operate as-is and add ADUs (Additional Dwelling Units) – BUYER TO VERIFY. Sierra Bonita Bungalows has 3 parcels/properties: address# 1704 consists of 6 units (and situated on ±11,254 SF lot, address# 1710 consists of 12 units and situated on ±10,474 SF lot, and address# 1728 consists of 8 units and situated on ±15,685 SF lot (BUYER TO VERIFY). All three properties have shared parking at the back (combination of carports and garages) and must be sold together. The property has been completely renovated and offers a desirable mix of One (1) x 3bedroom+2bathroom house, nineteen (19) x 1bedroom+1bathroom bungalows, and six (6) studio bungalows. Each unit has been completely upgraded inside out with modern and attractive upgrades.

  • September, 2021

  • Sep 15, 2021

    Date

    Withdrawn

    CRMLS: PF21165418

    $2,000,000

    Price

  • Sep 7, 2021

    Date

    Hold

    CRMLS: PF21165418

    $2,000,000

    Price

  • Sep 4, 2021

    Date

    Active

    CRMLS: PF21165418

    $2,000,000

    Price

  • Aug 31, 2021

    Date

    Active Under Contract

    CRMLS: PF21165418

    $2,000,000

    Price

  • Aug 8, 2021

    Date

    Active

    CRMLS: PF21165418

    $2,000,000

    Price

  • Listing provided courtesy of CRMLS

    8 residential units/ single story. Located on a tree lined street. 7 one bedroom units & 1 three bedroom detached house. 4 detached buildings. 3 garages and 4 carport spaces. 6 covered parking spaces. Price includes 1732 University Drive. Lots of upside potential on income. Can be purchased with adjacent parcels currently for sale. See MLS # PF21165420, PF21165418,PF21165409, PF21165398. This is a rare opportunity for an investor to own over 50,000 sq feet of land and 26 units bungalow-court style homes, a single family home and 2 commercial units in the thriving neighborhood of North East Pasadena. There are a total of 5 contiguous parcels with frontage on both Sierra Bonita Ave and University Drive- street to street access. : First Parcel 5851-003-007 is 11,254 sq feet and offers 3 structures/ 6 units income properties with 15 parking spaces; Second Parcel 58851-003-006 is 10,474 sq feet and offers 7 bungalows courts/12 income units; Third Parcel 5851-003-012 is 15,684 sq feet and offers 4 structures with 8 income units; Fourth and Fifth Parcel 5851-003-014 and 5851-003-003 are the apx 14,000 sq ft lots with three structures that are commercially zoned.

  • October, 1980

  • Oct 17, 1980

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1728 N Sierra Bonita Ave

Assessed Value (2020): $258,101
Year Land Value Improved Value Assessed Value
2020 $43,783 $214,318 $258,101

Home Value Compared to the Market

This property vs the competition

1728 N Sierra Bonita Ave is listed 815.76% higher than the median list price for the city of Pasadena which has a median list price of $1,199,000.

About 1728 N Sierra Bonita Ave

Detailed summary of property

1728 N Sierra Bonita Ave is a apartment located in Pasadena, CA 91104 and is currently for sale. This apartment offers 22 bedrooms, 27 bathrooms, roughly -- living square feet, and sits on an approximately 37,413 square foot lot. 1728 N Sierra Bonita Ave was first listed on ArdentRealEstateGroup.com on February 10, 2024. The homeowner is currently asking $10,980,000. The median priced home in Pasadena is $1,199,000 with a median price per square foot of $796. Based on Ardent Real Estate Group's Pasadena Market Data, this home is listed 815.76% higher than the median priced home. Local competing homes currently for sale include 11755 National Blvd, 2611 E Broadway and 283 Avocado St. While the average home in Pasadena, CA is selling in 55 days, 1728 N Sierra Bonita Ave has a days on market of 61 days. There are currently 259 homes for sale in the Pasadena real estate market and 153 of them are single family homes while 83 of them are condos and 23 are townhomes. For more information on this home for sale at 1728 N Sierra Bonita 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 1728 N Sierra Bonita Ave

Public county record property details
Beds
10
Baths
8
Year built
1963
Sq. Ft.
4,353
Lot Size
15,684
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5851-003-012

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
$1,199,000
Median List Price/Sq.Ft.
$867
Median Sold Price
$1,355,000
Median Sold Price/Sq.Ft.
$903
Total Inventory
22
Median Sale to List Price %
104.63%
Avg Days on Market
20
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (12.5%), Other (12.5%)

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Recently Sold Homes Near 1728 N Sierra Bonita Ave

1704-1732 N Sierra Bonita Ave, Pasadena, CA 91104
$6,350,000 Last Sold Price
22 Beds
26 Baths
11039 Sq.Ft.
1704-1732 N Sierra Bonita Ave
Pasadena, CA 91104
1700 N Sierra Bonita Ave, Pasadena, CA 91104
$995,000 Last Sold Price
5 Beds
2 Baths
1739 Sq.Ft.
1700 N Sierra Bonita Ave
Pasadena, CA 91104
1677-1681 N Sierra Bonita Ave, Pasadena, CA 91104
$1,275,000 Last Sold Price
2 Beds
1 Baths
1024 Sq.Ft.
1677-1681 N Sierra Bonita Ave
Pasadena, CA 91104
1770 N Sierra Bonita Ave, Pasadena, CA 91104
$1,350,000 Last Sold Price
7 Beds
4 Baths
2980 Sq.Ft.
1770 N Sierra Bonita 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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