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228 S Mentor Ave, Pasadena, CA 91106
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228 S Mentor Ave Pasadena, CA 91106

$1,850,000 Sold Price as of 03/11/2022
  • 3 Beds
  • 2 Baths
  • 1,816 Sq.Ft.
Sold
$1,850,000 Sold Price as of 03/11/2022 Refinance Your Mortgage
Map preview of 228 S Mentor Ave, Pasadena, CA 91106

Property Overview: 228 S Mentor Ave Pasadena, CA has 3 bedrooms, 2 bathrooms, 1,816 living square feet and 11,010 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property presents an extremely rare opportunity to acquire an 11,010 SF lot with an existing duplex, in the heart of Pasadena's South Lake Avenue business district. South Lake is known for its major office plazas, dining, and shopping options, all of which are steps away from the property. In addition, the site is ideally located just blocks from the California Institute of Technology (Caltech), and not far from other Pasadena districts such as the Playhouse District and Old Town Pasadena. The front unit (230) abounds with early 1900's character and craftsman details such as a welcoming front porch & wood siding, hardwood floors, crown moulding, and built-in features in both the living room and dining room. The adjacent kitchen leads into a large laundry room with washer/dryer hookup and laundry sink. Both bedrooms are large and are connected by a full bathroom with a shower over tub. The back unit (228) has one bed, one bath, and a large back patio area and is currently tenant occupied. The oversized yard features room for at least 4 cars, an open patio, garden boxes, shed & garage (used for storage by owner) & an abundance of open space that is only limited by your imagination. This incredible opportunity won't last long!

Listed by David Knight | BRE #01829234 | Keller Williams Realty
Last checked: 12 minutes ago | Last updated: October 31st, 2022 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
11,010
HOA Dues
$0/mo
Year built
1906
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
P1-7836
City
Pasadena
County
Los Angeles
Time on Site
835 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $21,600
  • Net Operating Income: $16,128
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,472
  • Trash: $0
  • Gardener: $1,440
  • Insurance: $672
  • Water/Sewer: $3,360

Virtual Tour

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Property Details for 228 S Mentor Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Wood, Laminate
  • Living Room, Laundry, Kitchen
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range
Interior Features
  • Built-in Features
  • Levels: One
  • Window Features: Drapes, Blinds
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Block
  • Other Structures: Shed(s)
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Parking Space, Driveway, Off Street
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5735028003
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Property is not Attached
  • Offered With Property: Stove, dishwasher, any appliances owned by landlord
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: Duplex is located on S Mentor Ave just south of Cordova St. Unit 230 is the front unit (vacant) and Unit 228 is the back unit (occupied - do NOT disturb tenants). Thank you!
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Pasadena Agent

Sale History for 228 S Mentor Ave

Last sold for $1,850,000 on March 11th, 2022

  • March, 2022

  • Mar 11, 2022

    Date

    Sold

    CRMLS: P1-7836

    $1,850,000

    Price

  • Jan 5, 2022

    Date

    Active

    CRMLS: P1-7836

    $2,000,000

    Price

Tax History for 228 S Mentor Ave

Assessed Value (2020): $163,434
Year Land Value Improved Value Assessed Value
2020 $124,810 $38,624 $163,434

Home Value Compared to the Market

This property vs the competition

228 S Mentor Ave sold on March 11, 2022 for 66.67% 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 $778 and this home is sold at $1101.32 per/sqft which puts the price per square foot 41.56% higher than the current median sale per square foot for the city of Pasadena.

About 228 S Mentor Ave

Detailed summary of property

228 S Mentor Ave is a multi family that recently sold in Pasadena, CA 91106. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,816 living square feet, and sits on an approximately 11,010 square foot lot. 228 S Mentor Ave was first listed on ArdentRealEstateGroup.com on January 5, 2022. The homeowner sold the property for $1,850,000. Home in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $778. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 66.67% higher than the current median priced home. Local homes that are currently for sale include 1429 N Altadena Dr, 6538 Meridian St and 1461 Hepner Ave. While the average home in Pasadena, CA is selling in 60 days, 228 S Mentor Ave has a days on market of 55 days. There are currently 247 homes for sale in the Pasadena real estate market and 144 of them are single family homes while 82 of them are condos and 21 are townhomes. For more information on this home for sale at 228 S Mentor Ave Pasadena, CA 91106 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 228 S Mentor Ave

Public county record property details
Beds
5
Baths
2
Year built
1906
Sq. Ft.
1,816
Lot Size
11,009
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5735-028-003

The source for these homes facts are from public records.

91106 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,160,000
Median List Price/Sq.Ft.
$753
Median Sold Price
$810,000
Median Sold Price/Sq.Ft.
$634
Total Inventory
39
Median Sale to List Price %
95.41%
Avg Days on Market
43
Loan Type
Conventional (23.53%), FHA (0%), VA (0%), Cash (11.76%), Other (41.18%)

Thinking of Selling?

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(714) 706-1823

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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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