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305 Ohio St #1 Pasadena, CA 91106

$1,700,000 Sold Price as of 11/24/2021

9 Beds
4 Baths
3,434 Sq.Ft.

Sold

$1,700,000 Sold Price as of 11/24/2021 Refinance Your Mortgage

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Map preview of 305 Ohio St #1, Pasadena, CA 91106

Property Overview: 305 Ohio St #1 Pasadena, CA has 9 bedrooms, 4 bathrooms, 3,434 living square feet and 9,433 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to represent this 4unit apartment building in Pasadena. The building was constructed in 1954. Its unit mix consists of (1) three-bedroom, one-bathroom unit and (3) two-bedroom, one-bathroom units. With a lot size of 9,432 square feet, the property has a total of 3,434 rentable square feet. There are washer and dryer hookups in each unit. The property is situated in Pasadena, which offers a comfortable blend of urban and suburban amenities. Downtown Pasadena’s clean, sunny sidewalks are lined with opportunities for great dining and shopping. The city also has numerous cultural centers, such as the Huntington Library and Descanso Gardens; it is also home to the Rose Bowl, which is a famous site for both sporting and cultural events. It is separately metered for gas and electricity. Please do not disturb the tenants.

Listed by Cindy Hill | BRE #00885625 | Keller Williams Encino-Sherman Oaks

Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft: 9,433
HOA Dues: $0/mo
Year built: 1954
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: SR21221826
City: Pasadena
County: Los Angeles
Time on Site: 1079 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2
# of Electric Meters: 4
# of Gas Meters: 4
# of Water Meters: 4

Unit Breakdown 1

# of Units: 3
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $5,100
Total Rent: $5,100
Pro Forma/Market Rent: $6,750

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,825
Total Rent: $1,825
Pro Forma/Market Rent: $2,900

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $83,100
Net Operating Income: $45,378
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $35,229
Electric: $3,325
Gas/Fuel: $0
Trash: $0
Insurance: $2,072
Water/Sewer: $3,050

Property Details for 305 Ohio St #1

Interior Features

Laundry Information

Has Laundry
Community

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: Yard
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: 1 Common Wall
Total # of Units: 4
Parcel Number: 5720020019
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: Just south of California Blvd and east of Route 66

Neighborhood Information

Community Features: Suburban, Urban, Valley

View more facts & features

Local Pasadena Agent

Sale History for 305 Ohio St #1

Last sold for $1,700,000 on November 24th, 2021

November, 2021
Nov 24, 2021

Date

Sold

CRMLS: SR21221826

$1,700,000

Price
Oct 6, 2021

Date

Active

CRMLS: SR21221826

$1,700,000

Price
March, 2020
Mar 4, 2020

Date

Sold (Public Records)

Public Records

--

Price
August, 1999
Aug 20, 1999

Date

Sold (Public Records)

Public Records

$459,000

Price

Tax History for 305 Ohio St #1

Assessed Value (2020): $645,048

Year	Land Value	Improved Value	Assessed Value
2020	$223,445	$421,603	$645,048

Home Value Compared to the Market

This property vs the competition

305 Ohio St #1 sold on November 24, 2021 for 41.67% 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 $781 and this home is sold at $495.05 per/sqft which puts the price per square foot 36.61% lower than the current median sale per square foot for the city of Pasadena.

About 305 Ohio St #1

Detailed summary of property

305 Ohio St #1 is a multi family that recently sold in Pasadena, CA 91106. This multi family property offered 9 bedrooms, 4 bathrooms, roughly 3,434 living square feet, and sits on an approximately 9,433 square foot lot. 305 Ohio St #1 was first listed on ArdentRealEstateGroup.com on October 6, 2021. The homeowner sold the property for $1,700,000. Home in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $781. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 41.67% higher than the current median priced home. Local homes that are currently for sale include 6104 York Blvd, 292 N Craig Ave and 5919 Great Oak Circle. While the average home in Pasadena, CA is selling in 56 days, 305 Ohio St #1 has a days on market of 2 days. There are currently 335 homes for sale in the Pasadena real estate market and 179 of them are single family homes while 119 of them are condos and 37 are townhomes. For more information on this home for sale at 305 Ohio St #1 Pasadena, CA 91106 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 305 Ohio St #1

Public county record property details

Beds: 9
Baths: 4
Year built: 1954
Sq. Ft.: 3,434
Lot Size: 9,432
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 43
APN: 5720-020-019

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

$1,080,000

Median List Price/Sq.Ft.

$719

Median Sold Price

$850,000

Median Sold Price/Sq.Ft.

$753

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (27.27%), FHA (0%), VA (0%), Cash (50%), 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.