430 N El Molino Ave Pasadena, CA 91101

$1,620,000 Sold Price as of 12/16/2016

5 Beds
6 Baths
3,685 Sq.Ft.

Off Market

$1,620,000 Sold Price as of 12/16/2016 Refinance Your Mortgage

Property Overview: 430 N El Molino Ave Pasadena, CA has 5 bedrooms, 6 bathrooms, 3,685 living square feet and 9,248 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

430 N El Molino 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 $1,199,000. The median price per/sqft for Pasadena is $796. 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 $239,800 for the down payment and will need roughly $23,980 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 430 N El Molino Ave

Last leased for $1,750 on October 9th, 2020

April, 2024
Apr 23, 2024

Date

Canceled

CRMLS: PW23179837

$1,980,000

Price
Sep 26, 2023

Date

Active

CRMLS: PW23179837

$1,980,000

Price
Listing provided courtesy of CRMLS

We are pleased to present El Molino Apartments, a 5-unit apartment complex in Pasadena, CA. The property offers an ideal unit mix consisting of generously sized studio, one, and two-bedroom units, situated within walking distance from Old Pasadena. The building is in pristine condition as it has been professionally managed and has undergone full interior and exterior improvements. Upgrades include copper plumbing, updated electrical system, new windows, hard wood flooring, stainless steel appliances, quartz countertops, new cabinetry, upgraded bathrooms and state of the art mini-split HVAC systems. Additional features include garage parking (5 spaces), open parking (4 spaces), yards/balconies, and washer/dryer hookups. With strong in-place rents generating a current cap rate of 4.6%, 5% with market rents, this low maintenance trophy asset is a perfect fit for any investor looking to expand their real estate portfolio.

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October, 2020
Oct 10, 2020

Date

Leased

CRMLS: WS20192940

$1,750

Price
Oct 6, 2020

Date

Price Change

CRMLS: WS20192940

$1,750

Price
Oct 6, 2020

Date

Price Change

CRMLS: WS20192940

$1,800

Price
Sep 30, 2020

Date

Price Change

CRMLS: WS20192940

$1,850

Price
Sep 25, 2020

Date

Price Change

CRMLS: WS20192940

$1,950

Price
Sep 18, 2020

Date

Price Change

CRMLS: WS20192940

$2,095

Price
Sep 16, 2020

Date

Active

CRMLS: WS20192940

$2,175

Price
Listing provided courtesy of CRMLS

Upgraded 1 bed 1 bath unit for lease. It features: 1. Detached one car garage (tendon parking for two cars) 2. Hardwood floor thru out 3. Split AC & heating system 4. Quartz counter top & stainless steel appliance 5. Laundry hook up inside the unit 6. Dual pane glass windows 7. Very convenient location, close to Lake ave, easy access FWY 210

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May, 2020
May 17, 2020

Date

Leased

CRMLS: WS20048066

$2,395

Price
May 7, 2020

Date

Price Change

CRMLS: WS20048066

$2,395

Price
Mar 12, 2020

Date

Price Change

CRMLS: WS20048066

$2,495

Price
Mar 4, 2020

Date

Active

CRMLS: WS20048066

$2,650

Price
Listing provided courtesy of CRMLS

Highly upgraded 2 bed 1 bath unit for lease. It features: 1. Individual two car garage (detached, right behind the unit, empty lot between unit patio door and garage, kind of like your own back patio) 2. Hardwood floor thru out 3. Cozy fireplace in living room 4. Quartz counter top with white cabinets & stainless steel appliance 5. Laundry hook up inside the unit 6. Dual pane glass windows 7. Central AC & Heating 8. Very convenient location, close to Lake ave, easy access FWY 210

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December, 2016
Dec 17, 2016

Date

Sold

CRMLS: 316009380

$1,620,000

Price
Oct 11, 2016

Date

Active Under Contract

CRMLS: 316009380

$1,595,000

Price
Oct 4, 2016

Date

Active

CRMLS: 316009380

$1,595,000

Price
Listing provided courtesy of CRMLS

Kelton Properties is pleased to present this spectacular 5 unit turn-key treasure in prime Pasadena at 430 N El Molino Ave. This investment property has been updated inside and out. Every unit has been masterfully renovated with class and top-rate amenities. All units are currently leased CURRENT CAP RATE 5.26%. 13.32 GRM The Villas of El Molino is perfect for an investor wishing to trade into a low-maintenance trophy asset with incredible cash flow or an all-cash buyer seeking a superior return. 5.26 CAP Separately metered. 5 units + 9 parking spaces. 3 units feature their own private yards.

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December, 2016
Dec 16, 2016

Date

Sold (Public Records)

Public Records

$1,620,000

Price
April, 2015
Apr 30, 2015

Date

Sold (Public Records)

Public Records

$700,000

Price

Tax History for 430 N El Molino Ave

Assessed Value (2020): $1,719,155

Year	Land Value	Improved Value	Assessed Value
2020	$1,031,493	$687,662	$1,719,155

About 430 N El Molino Ave

Detailed summary of property

430 N El Molino Ave is categorized with a use code of Apartment House (5+ Units) in Pasadena, CA 91101 and last sold on December 16, 2016 for $1,620,000. This property has 5 bedrooms, 6 bathrooms, roughly 3,685 living square feet, and sits on an approximately 9,248 square foot lot. Homes 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 35% higher than the current median priced home. 430 N El Molino Ave was last sold on December 16, 2016 for $1,620,000. Local nearby listings include 1530 Lancashire St, 3585 Locksley Dr and 1445 Edgecliff Ln. The average home in Pasadena, CA is selling in 55 days. There are currently 259 homes for sale in the Pasadena real estate market and 153 of them are single family homes while 83 of them are condos and 23 are townhomes. If you are the homeowner and looking to sell the home at 430 N El Molino 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 430 N El Molino Ave

Public county record property details

Beds: 5
Baths: 6
Year built: --
Sq. Ft.: 3,685
Lot Size: 9,248
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7
APN: 5731-020-049

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

Median Sale to List Price %

101.3%

Avg Days on Market

Loan Type

Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (14.29%)

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(714) 706-1823

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