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211 S El Molino Ave, Pasadena, CA 91101
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211 S El Molino Ave Pasadena, CA 91101

$4,200,000
  • 4 Beds
  • 12 Baths
  • 9,750 Sq.Ft.
Back Up Offer
$4,200,000 Get Pre-Qualified
Map preview of 211 S El Molino Ave, Pasadena, CA 91101

Property Overview: 211 S El Molino Ave Pasadena, CA has 4 bedrooms, 12 bathrooms, 9,750 living square feet and 12,121 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: 5.07% CAP & 13.73 GRM ON CURRENT RENTS!! FULL COPPER PLUMBING, REDONE ROOF, NEW CARPORT ROOF, UPDATED ELECTRICAL, MINI-SPLIT & CENTRAL AC SYSTEMS, UPDATED DRAIN LINES AND WINDOWS, WOOD FLOORS AND NO SOFT-STORY RETROFIT NEEDED! We are pleased to present an outstanding 12-unit property in one of the best rental areas of Pasadena with excellent existing rental income. Madison Heights has a WALKER'S PARADISE score with its close proximity to restaurants, retail and S. Lake Ave. The unit mix consists of four, very large 1 Bed + 1.5 bath units and 8 Studio + 1 bath units, providing ease of renting with desirable unit types achieving top market rents. The interiors offer sheik kitchen designs with newer cabinets and countertops, updated bathrooms and showers, wood flooring and stainless steel appliances. There is on-site, carport parking and the property is separately metered for gas and electricity. There is no other Pasadena property with an equally good location with so many major upgrades done, meticulously maintained with over a 5% CAP RATE. Don't miss this rare opportunity. PLEASE DO NOT DISTURB THE TENANTS.

Listed by Alexander Metaxas | BRE #01784652 | Realty Investment Advisors, Inc.
Co-listed by Benjamin J. Hsiang | BRE #01438644 | Realty Investment Advisors, Inc.
Last checked: 6 minutes ago | Last updated: August 28th, 2024 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
12,121
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Back Up Offer
MLS#
24415009
City
Pasadena
County
Los Angeles
Time on Site
55 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,479
  • Total Rent: $9,917
  • Pro Forma/Market Rent: $10,780
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,908
  • Total Rent: $15,266
  • Pro Forma/Market Rent: $16,760
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.07%
  • Gross Rent Multiplier: 13.73
  • Gross Scheduled Income: --
  • Net Operating Income: $211,860
  • Gross Operating Income: $295,982
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 211 S El Molino Ave

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Property Details for 211 S El Molino Ave

Interior Features
Cooling Information
  • Has Cooling
  • Electric
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • Total # of Units: 12
  • Parcel Number: 5734015020
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South on El Molino Ave. On west side of street between Cordova St and Del Mar Blvd.
View more facts & features

Local Pasadena Agent

Sale History for 211 S El Molino Ave

Last sold for $2,600,000 on February 17th, 2016

  • August, 2024

  • Aug 28, 2024

    Date

    Back Up Offer

    CRMLS: 24415009

    $4,200,000

    Price

  • Jul 12, 2024

    Date

    Active

    CRMLS: 24415009

    $4,200,000

    Price

  • February, 2016

  • Feb 17, 2016

    Date

    Sold (Public Records)

    Public Records

    $2,600,000

    Price

  • September, 2015

  • Sep 23, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 211 S El Molino Ave

Assessed Value (2020): $2,817,721
Year Land Value Improved Value Assessed Value
2020 $1,970,025 $847,696 $2,817,721

Home Value Compared to the Market

This property vs the competition

211 S El Molino Ave is listed 236.27% higher than the median list price for the city of Pasadena which has a median list price of $1,249,000. The median price per/sqft for Pasadena is $767 and this home is listed at $430.77 per/sqft which puts the price per square foot 43.84% lower than the median price per square foot for the city of Pasadena.

About 211 S El Molino Ave

Detailed summary of property

211 S El Molino Ave is a multi family located in Pasadena, CA 91101 and is currently in escrow to be sold. This multi family property offers 4 bedrooms, 12 bathrooms, roughly 9,750 living square feet, and sits on an approximately 12,121 square foot lot. 211 S El Molino Ave was first listed on ArdentRealEstateGroup.com on July 14, 2024. The homeowner is currently asking $4,200,000. The median priced home in Pasadena is $1,249,000 with a median price per square foot of $767. Based on Ardent Real Estate Group's Pasadena Market Data, this home is listed 236.27% higher than the median priced home. Local competing homes currently for sale include 420 Hardison Way, 144 S Avenue 55 and 1684 Murchison St. While the average home in Pasadena, CA is selling in 55 days, 211 S El Molino Ave has a days on market of 55 days. There are currently 322 homes for sale in the Pasadena real estate market and 177 of them are single family homes while 109 of them are condos and 36 are townhomes. For more information on this home for sale at 211 S El Molino Ave Pasadena, CA 91101 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 211 S El Molino Ave

Public county record property details
Beds
8
Baths
16
Year built
1929
Sq. Ft.
9,750
Lot Size
12,117
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,20
APN
5734-015-020

The source for these homes facts are from public records.

91101 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$800,000
Median List Price/Sq.Ft.
$716
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$798
Total Inventory
54
Median Sale to List Price %
99.01%
Avg Days on Market
60
Loan Type
Conventional (45.45%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

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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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