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230 E California Blvd, Pasadena, CA 91106
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230 E California Blvd Pasadena, CA 91106

$3,650,000 Sold Price as of 10/11/2019
  • 16 Beds
  • 10 Baths
  • 7,300 Sq.Ft.
Sold
$3,650,000 Sold Price as of 10/11/2019 Refinance Your Mortgage
Map preview of 230 E California Blvd, Pasadena, CA 91106

Property Overview: 230 E California Blvd Pasadena, CA has 16 bedrooms, 10 bathrooms, 7,300 living square feet and 17,521 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: First time on the market in over 50 years! We are pleased to present the rare offering of a 10 unit apartment property in one of the best locations of Pasadena! The building features a great unit mix of six 2 bedroom, 1 bath and four 1 bedroom, 1 bath units and offers an investor the opportunity to dramatically increase the rental income by upgrading and adding value to the investment. Boasting a fantastic walk score of 87, the property is located just a half mile away from both the Metro Gold Line Fillmore & Del Mar Stations! Also a short distance away are Trader Joe's, Whole Foods, Huntington Hospital and Old Town Pasadena, with its countless collection of retail stores and restaurants. Situated on a large corner lot of over 17,000 square feet, there is on-site covered carport parking as well as ample street parking.

Listed by Alexander Metaxas | BRE #01784652 | Realty Investment Advisors, In
Co-listed by Benjamin J. Hsiang | BRE #01438644 | Realty Investment Advisors, In
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
17,521
HOA Dues
$0/mo
Year built
1951
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19476104
City
Pasadena
County
Los Angeles
Time on Site
1393 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,483
  • Total Rent: $8,900
  • Pro Forma/Market Rent: $13,800
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,259
  • Total Rent: $5,035
  • Pro Forma/Market Rent: $7,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $90,803
  • Gross Operating Income: $163,367
  • Improvements Total: $1,020,000
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $6,678
  • Gas/Fuel: $540
  • Insurance: $3,650
  • Maintenance: $8,421
  • Other Expenses: $1,500

Property Details for 230 E California Blvd

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Other
Property Information
  • Total # of Units: 10
  • Parcel Number: 5720027010
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Amenities: Other
Location / Neighborhood
Location Information
  • Directions: Corner property situated on California Blvd, near Metro Gold Line Fillmore & Del Mar stations
View more facts & features

Local Pasadena Agent

Sale History for 230 E California Blvd

Last sold for $3,650,000 on October 11th, 2019

  • October, 2019

  • Oct 14, 2019

    Date

    Sold

    CRMLS: 19476104

    $3,650,000

    Price

  • Aug 7, 2019

    Date

    Pending

    CRMLS: 19476104

    $3,998,000

    Price

  • Jun 10, 2019

    Date

    Active

    CRMLS: 19476104

    $3,998,000

    Price

  • October, 2019

  • Oct 11, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,650,000

    Price

Show More

Tax History for 230 E California Blvd

Assessed Value (2020): $3,650,500
Year Land Value Improved Value Assessed Value
2020 $2,550,000 $1,100,500 $3,650,500

Home Value Compared to the Market

This property vs the competition

230 E California Blvd sold on October 11, 2019 for 219.84% higher 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 $547.67 per/sqft which puts the price per square foot 28.22% lower than the current median sale per square foot for the city of Pasadena.

About 230 E California Blvd

Detailed summary of property

230 E California Blvd is a multi family that recently sold in Pasadena, CA 91106. This multi family property offered 16 bedrooms, 10 bathrooms, roughly 7,300 living square feet, and sits on an approximately 17,521 square foot lot. 230 E California Blvd was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $3,650,000. 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 219.84% higher than the current median priced home. Local homes that are currently for sale include 645 S Los Angeles St, 4312 Price St and 4253 Franklin Ave. While the average home in Pasadena, CA is selling in 54 days, 230 E California Blvd has a days on market of 58 days. There are currently 263 homes for sale in the Pasadena real estate market and 160 of them are single family homes while 78 of them are condos and 25 are townhomes. For more information on this home for sale at 230 E California Blvd Pasadena, CA 91106 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 230 E California Blvd

Public county record property details
Beds
16
Baths
10
Year built
1951
Sq. Ft.
7,300
Lot Size
17,521
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7,8
APN
5720-027-010

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
$1,350,000
Median List Price/Sq.Ft.
$777
Median Sold Price
$830,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
42
Median Sale to List Price %
89.73%
Avg Days on Market
28
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (27.27%)

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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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