405 N Mentor Ave Pasadena, CA 91106

$2,200,000 Sold Price as of 05/07/2020

6 Beds
8 Baths
3,808 Sq.Ft.

Off Market

$2,200,000 Sold Price as of 05/07/2020 Refinance Your Mortgage

Map preview of 405 N Mentor Ave, Pasadena, CA 91106

Property Overview: 405 N Mentor Ave Pasadena, CA has 6 bedrooms, 8 bathrooms, 3,808 living square feet and 10,835 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

405 N Mentor Ave is currently an off market home in the city of Pasadena. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Pasadena has a median list price of $1,250,000. The median price per/sqft for Pasadena is $756. With those numbers in mind, if you are looking to purchase a median priced home in Pasadena, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Pasadena the commission could be as much as $60,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 405 N Mentor Ave

Last sold for $2,200,000 on May 7th, 2020

May, 2020
May 7, 2020

Date

Sold (Public Records)

Public Records

$2,200,000

Price
October, 2018
Oct 30, 2018

Date

Expired

CRMLS: WS18100319

$2,200,000

Price
May 1, 2018

Date

Active

CRMLS: WS18100319

$2,200,000

Price
Listing provided courtesy of CRMLS

405 N. Mentor Avenue offers investors the unique opportunity to acquire an 8-unit, garden-style apartment complex in the city of Pasadena. Walking Distance to the Gold Line’s Lake Station, shopping, banks, and restaurants, the property is ideally located. The property offers a diverse unit mix of (3) studio apartments of ± 365 sq.ft., (1) studio + loft of ± 250 sq.ft., (2) one bed/one-bath of ± 500 sq.ft., (1) two-bed/one-bath unit of ± 700 sq.ft., and (1) two-bed/1 bath +loft of ± 750 sq.ft.The asset is comprised of two wood frame buildings, 407 N. Mentor in the front and 405 N. Mentor in the rear. Built in 1908, the 407 building is two-stories in the front and one-story in the rear (the rear portion was built in 1954). The building’s roof is pitched composition shingle and has a raised foundation that is reinforced and bolted. Other upgrades include a new service panel, new electric wiring & subpanels, and new copper plumbing. In addition, there are solar water heater panels and approximately a 600 sq. ft. basement with exterior entrance. The rear building 405, is a one-story, raised foundation with pitched composition shingled roof. This building has new electrical service panels, and a raised deck in front. There are many exterior improvements and period details in the units. Do not go on property. Tenants do not know it is for sale.

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Tax History for 405 N Mentor Ave

Assessed Value (2020): $437,437

Year	Land Value	Improved Value	Assessed Value
2020	$88,453	$348,984	$437,437

About 405 N Mentor Ave

Detailed summary of property

405 N Mentor Ave is categorized with a use code of Apartment House (5+ Units) in Pasadena, CA 91106 and last sold on May 7, 2020 for $2,200,000. This property has 6 bedrooms, 8 bathrooms, roughly 3,808 living square feet, and sits on an approximately 10,835 square foot lot. Homes 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 83.33% higher than the current median priced home. 405 N Mentor Ave was last sold on May 7, 2020 for $2,200,000. Local nearby listings include 790 N El Molino Ave, 1065 E Mountain St and 840 E Green St #117. The average home in Pasadena, CA is selling in 57 days. There are currently 334 homes for sale in the Pasadena real estate market and 175 of them are single family homes while 122 of them are condos and 37 are townhomes. If you are the homeowner and looking to sell the home at 405 N 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 405 N Mentor Ave

Public county record property details

Beds: 6
Baths: 8
Year built: 1908
Sq. Ft.: 3,808
Lot Size: 10,835
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7
APN: 5732-017-027

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

$968,000

Median List Price/Sq.Ft.

$716

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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