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231 S Hudson Ave, Pasadena, CA 91101
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231 S Hudson Ave Pasadena, CA 91101

$4,200,000 Sold Price as of 08/09/2023
  • 12 Beds
  • 14 Baths
  • 8,716 Sq.Ft.
Sold
$4,200,000 Sold Price as of 08/09/2023 Refinance Your Mortgage
Map preview of 231 S Hudson Ave, Pasadena, CA 91101

Property Overview: 231 S Hudson Ave Pasadena, CA has 12 bedrooms, 14 bathrooms, 8,716 living square feet and 12,918 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Introducing 231 S. Hudson Ave, situated in one of Pasadena's most desirable neighborhoods. This charming walk-up building with 14 units offers a fantastic opportunity for investors seeking quality assets in premier locations. With an impressive Walk Score of 96, this location is a true Walker’s Paradise® for pedestrians, making it attractive to both investors and tenants alike. The property has been meticulously maintained and comprises 2 studios and 12 one-bedroom units. Unit interiors are outfitted with wall air conditioning, gas heaters, carpet and vinyl flooring, gas stoves/ovens, refrigerators, and garbage disposals. The one-bedroom units also feature a cozy dinette area. This two-story garden-style building rests on a concrete slab foundation and boasts a central courtyard. It offers a total of 8 parking spaces, all 8 detached carports. Recent upgrades include new electrical subpanels in August 2021 and copper re-piping (excluding the main lines) in January 2022. For added convenience, there is a shared laundry room equipped with two washers and two dryers owned by the building. The units are separately metered for gas and electric, each with individual hot water heaters. The owner pays for water, sewer, trash, as well as common area gas and electric. The subject property is subject to the newly passed rent control initiative Measure H in the city of Pasadena

Listed by KEVIN LUTZ | BRE #00925595 | Keller Williams Realty/Pasadena
Last checked: 13 minutes ago | Last updated: August 9th, 2023 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
12,918
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
WS23093966
City
Pasadena
County
Los Angeles
Time on Site
327 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
  • # of Electric Meters: 14
  • # of Gas Meters: 14
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,984
  • Total Rent: $2,984
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $20,518
  • Total Rent: $20,518
  • Pro Forma/Market Rent: $23,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.96%
  • Gross Rent Multiplier: 15.45
  • Gross Scheduled Income: $284,844
  • Net Operating Income: $174,453
  • Gross Operating Income: $276,299
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $101,846
  • Electric: $1,436
  • Gas/Fuel: $643
  • Licenses: $1,711
  • New Taxes: $47,949
  • Trash: $6,869
  • Insurance: $4,016
  • Maintenance: $25,636
  • Professional Management: $0
  • Water/Sewer: $2,874
  • Other Expenses: $8,312
  • Other Expense Description: misc

Property Details for 231 S Hudson Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Common Area
Room Information
  • Flooring: Carpet, Vinyl
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport, Uncovered
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Parcel Number: 5734026013
  • 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: Hudson Ave & Cordova St
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Pasadena Agent

Sale History for 231 S Hudson Ave

Last sold for $4,200,000 on August 9th, 2023

  • August, 2023

  • Aug 9, 2023

    Date

    Sold

    CRMLS: WS23093966

    $4,200,000

    Price

  • May 31, 2023

    Date

    Active

    CRMLS: WS23093966

    $4,400,000

    Price

  • May, 2008

  • May 30, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 231 S Hudson Ave

Assessed Value (2020): $1,975,002
Year Land Value Improved Value Assessed Value
2020 $789,313 $1,185,689 $1,975,002

Home Value Compared to the Market

This property vs the competition

231 S Hudson Ave sold on August 9, 2023 for 266.67% 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 $504.82 per/sqft which puts the price per square foot 35.11% lower than the current median sale per square foot for the city of Pasadena.

About 231 S Hudson Ave

Detailed summary of property

231 S Hudson Ave is a apartment that recently sold in Pasadena, CA 91101. This apartment offered 12 bedrooms, 14 bathrooms, roughly 8,716 living square feet, and sits on an approximately 12,918 square foot lot. 231 S Hudson Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $4,200,000. 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 266.67% higher than the current median priced home. Local homes that are currently for sale include 811 Kodak Dr, 2730 Council St and 4212 Lockwood Ave. While the average home in Pasadena, CA is selling in 59 days, 231 S Hudson Ave has a days on market of 14 days. There are currently 255 homes for sale in the Pasadena real estate market and 155 of them are single family homes while 76 of them are condos and 24 are townhomes. For more information on this home for sale at 231 S Hudson 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 231 S Hudson Ave

Public county record property details
Beds
12
Baths
14
Year built
1954
Sq. Ft.
8,716
Lot Size
12,875
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
46
APN
5734-026-013

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
$699,000
Median List Price/Sq.Ft.
$688
Median Sold Price
$780,000
Median Sold Price/Sq.Ft.
$653
Total Inventory
46
Median Sale to List Price %
101.3%
Avg Days on Market
17
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (14.29%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(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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