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429 N Hill Ave, Pasadena, CA 91106
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429 N Hill Ave Pasadena, CA 91106

$2,069,000
  • 10 Beds
  • 8 Baths
  • 4,228 Sq.Ft.
For Sale
$2,069,000 Get Pre-Qualified
Map preview of 429 N Hill Ave, Pasadena, CA 91106

Property Overview: 429 N Hill Ave Pasadena, CA has 10 bedrooms, 8 bathrooms, 4,228 living square feet and 11,415 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: BACK ON THE MARKET ******A TRULY UNIQUE AND EXCITING OPPORTUNITY FOR INVESTORS in a fantastic location in Pasadena. The unit mix consists of (1) 4 bedroom/ 2-bathroom, (1) 2-bedroom/1- bathroom, (4) 1- bedroom/ 1-bathroom, and (1) studio. The 4-bedroom and 2-bedroom units contain central A/C & heating with wall A/C and furnace in the others. Great curb appeal. Great. Units are in good condition. The lot size, at 11,414 SF is HUGE, with individual garage spaces, carport parking and plenty of open pavement for additional parking. Street parking without permits is allowed as well!. Laundry machines are owned by landlord, not rented, and will transfer to the new owners for additional income. The location is convenient and accessible with instantaneous freeway access, close to Old Town and and the fun Pasadena sports. The school district and amenities make this a highly desirable and in-demand rental community

Listed by Veva Gonzalez | BRE #01350526 | ReMax Sky
Co-listed by Julio Midolo | BRE #01470385 | ReMax Sky
Last checked: 24 minutes ago | Last updated: March 13th, 2024 | Source CRMLS | DOM: 1330
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Home details

Lot Sq. Ft
11,415
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
DW20098445
City
Pasadena
County
Los Angeles
Time on Site
1384 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
  • # of Leased Units: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Actual Rent: $875
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,070
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,500
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,500
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,600
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,600
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $137,160
  • Net Operating Income: $101,695
  • Gross Operating Income: --
  • Laundry Income: $480
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $35,465
  • Trash: $1,772
  • Insurance: $2,490
  • Maintenance: $2,400
  • Professional Management: $0
  • Water/Sewer: $3,538
  • Other Expenses: $2,680

Open Houses for 429 N Hill Ave

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Property Details for 429 N Hill Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Common Area
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 7
  • Parcel Number: 5739001055
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 210 exit Hill head north
View more facts & features

Local Pasadena Agent

Sale History for 429 N Hill Ave

Last sold for $1,947,000 on January 27th, 2017

  • May, 2024

  • May 1, 2024

    Date

    Expired

    CRMLS: MB24032711

    $2,000,000

    Price

  • Feb 15, 2024

    Date

    Active

    CRMLS: MB24032711

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this exceptional 7-unit property nestled in the beautiful city of Pasadena! Located conveniently close to Pasadena City College, the 210 freeway, shops, and restaurants, this property offers an unparalleled opportunity for both investors and residents alike. The property features a diverse mix of units, catering to various needs and preferences. The main building comprises a spacious 4-bedroom, 2-bathroom, and studio unit, perfect for an investor looking to maximize his profits. In the second building, you'll find four charming apartments, each unit 1 bedroom and 1 bathroom. One of the units will be delivered vacant, presenting an excellent opportunity for immediate rental at market rents, maximizing potential income for the new owner. The property's proximity to Pasadena City College makes it an attractive option for students and faculty seeking convenient housing options. The nearby 210 freeway offers easy access to surrounding areas, making commuting a breeze. Surrounded by shops, restaurants, and amenities, residents will enjoy the vibrant lifestyle that Pasadena has to offer. Whether it's exploring the local dining scene, shopping at nearby boutiques, or enjoying outdoor activities in one of Pasadena's beautiful parks, there's something for everyone to enjoy in this charming city. Don't miss out on the chance to own this unique 7-unit property in the heart of Pasadena. With its prime location, diverse unit mix, and income potential, it's an investment opportunity that won't last long. Schedule a viewing today and discover the endless possibilities of this remarkable property!

  • September, 2023

  • Sep 30, 2023

    Date

    Expired

    CRMLS: MB23051789

    $2,100,000

    Price

  • Mar 29, 2023

    Date

    Active

    CRMLS: MB23051789

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    Back on the Market - Looking to add a high income-producing multiplex property??? Look no further!!! This is the property you've been looking for!!! Incredible investment in the City of Pasadena. This numerous unit property is versitile to essentially accomodate most, if not all, tenant's needs as units vary from a studio all the way to a 4 bedroom unit. Unit #1- 4 bedroom 1 bathroom, Unit #2- 2 bedroom 1 bathroom, Unit #3- 1 bedroom 1 bathroom, Unit #4- 1 bedroom 1 bathroom, Unit #5- 1 bedroom 1 bathroom, Unit #6- 1 bedroom 1 bathroom, Unit #7- Studio. Location means everything! Half a mile away from Pasadena City College (tap into the constant educational sector), 3.3 miles away from Rosebowl, 2.1 miles away from Old Town Pasadena. Close proximity to freeway access and many shopping areas. All units are occuped and one unit of 1 bedroom 1 bathroom will be vacant at COE.

  • October, 2022

  • Oct 1, 2022

    Date

    Expired

    CRMLS: MB22007494

    $1,999,900

    Price

  • Jan 13, 2022

    Date

    Active

    CRMLS: MB22007494

    $1,999,900

    Price

  • Listing provided courtesy of CRMLS

    Back on the Market - Looking to add a high income-producing multiplex property??? Look no further!!! This is the property you've been looking for!!! Incredible investment in the City of Pasadena. This numerous unit property is versitile to essentially accomodate most, if not all, tenant's needs as units vary from a studio all the way to a 4 bedroom unit. Unit #1- 4 bedroom 1 bathroom, Unit #2- 2 bedroom 1 bathroom, Unit #3- 1 bedroom 1 bathroom, Unit #4- 1 bedroom 1 bathroom, Unit #5- 1 bedroom 1 bathroom, Unit #6- 1 bedroom 1 bathroom, Unit #7- Studio. Location means everything! Half a mile away from Pasadena City College (tap into the constant educational sector), 3.3 miles away from Rosebowl, 2.1 miles away from Old Town Pasadena. Close proximity to freeway access and many shopping areas. All units are occuped and one unit of 1 bedroom 1 bathroom will be vacant at COE.

  • December, 2020

  • Dec 10, 2020

    Date

    Active Under Contract

    CRMLS: DW20098445

    $2,199,000

    Price

  • Nov 11, 2020

    Date

    Price Change

    CRMLS: DW20098445

    $2,199,000

    Price

  • Aug 5, 2020

    Date

    Price Change

    CRMLS: DW20098445

    $2,399,000

    Price

  • Jun 18, 2020

    Date

    Price Change

    CRMLS: DW20098445

    $2,499,900

    Price

  • Jun 18, 2020

    Date

    Price Change

    CRMLS: DW20098445

    $249,900

    Price

  • May 24, 2020

    Date

    Active

    CRMLS: DW20098445

    $2,700,000

    Price

  • November, 2020

  • Nov 17, 2020

    Date

    Price Change

    CRMLS: DW20152057

    $2,199,000

    Price

  • Sep 11, 2020

    Date

    Price Change

    CRMLS: DW20152057

    $2,298,000

    Price

  • Sep 11, 2020

    Date

    Price Change

    CRMLS: DW20152057

    $2,299,000

    Price

  • Sep 11, 2020

    Date

    Price Change

    CRMLS: DW20152057

    $23,299

    Price

  • Aug 6, 2020

    Date

    Active

    CRMLS: DW20152057

    $2,399,000

    Price

  • Listing provided courtesy of CRMLS

    A TRULY UNIQUE AND EXCITING OPPORTUNITY in a fantastic location in Pasadena. The unit mix consists of (1) 4 bedroom/ 2-bathroom, (1) 2-bedroom/1- bathroom, (4) 1- bedroom/ 1-bathroom, and (1) studio. The 4-bedroom and 2-bedroom units contain central A/C & heating with wall A/C and furnace in the others. Great curb appeal. Great. Units are in good condition. The lot size, at 11,414 SF is HUGE, with individual garage spaces, carport parking and plenty of open pavement for additional parking. Street parking without permits is allowed as well!. Laundry machines are owned by landlord, not rented, and will transfer to the new owners for additional income. The location is convenient and accessible with instantaneous freeway access, close to Old Town and and the fun Pasadena sports. The school district and amenities make this a highly desirable and in-demand rental community

  • January, 2017

  • Jan 27, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,947,000

    Price

  • August, 2007

  • Aug 6, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 429 N Hill Ave

Assessed Value (2020): $2,066,412
Year Land Value Improved Value Assessed Value
2020 $1,342,428 $723,984 $2,066,412

Home Value Compared to the Market

This property vs the competition

429 N Hill Ave is listed 72.56% higher than the median list price for the city of Pasadena which has a median list price of $1,199,000. The median price per/sqft for Pasadena is $807 and this home is listed at $489.36 per/sqft which puts the price per square foot 39.36% lower than the median price per square foot for the city of Pasadena.

About 429 N Hill Ave

Detailed summary of property

429 N Hill Ave is a multi family located in Pasadena, CA 91106 and is currently for sale. This multi family property offers 10 bedrooms, 8 bathrooms, roughly 4,228 living square feet, and sits on an approximately 11,415 square foot lot. 429 N Hill Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner is currently asking $2,069,000 and was originally asking $2,700,000. The median priced home in Pasadena is $1,199,000 with a median price per square foot of $807. Based on Ardent Real Estate Group's Pasadena Market Data, this home is listed 72.56% higher than the median priced home. Local competing homes currently for sale include 2220 Clifford St, 3433 E Pico Blvd and 1161 E 12th St. While the average home in Pasadena, CA is selling in 56 days, 429 N Hill Ave has a days on market of 1330 days. There are currently 267 homes for sale in the Pasadena real estate market and 158 of them are single family homes while 80 of them are condos and 29 are townhomes. For more information on this home for sale at 429 N Hill 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 429 N Hill Ave

Public county record property details
Beds
10
Baths
7
Year built
1959
Sq. Ft.
4,228
Lot Size
11,414
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
30
APN
5739-001-055

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
$1,288,000
Median List Price/Sq.Ft.
$777
Median Sold Price
$830,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
46
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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