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435 N Wilson Ave #1, Pasadena, CA 91106
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435 N Wilson Ave #1 Pasadena, CA 91106

$6,370,000
  • 16 Beds
  • 16 Baths
  • -- Sq.Ft.
For Sale
$6,370,000 Get Pre-Qualified
Map preview of 435 N Wilson Ave #1, Pasadena, CA 91106

Property Overview: 435 N Wilson Ave #1 Pasadena, CA has 16 bedrooms, 16 bathrooms, -- living square feet and 17,372 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: 4.30% CAP Rate Turnkey 16-unit near Pasadena Playhouse District & Lake Ave Shopping. 435 N Wilson Ave, a turnkey and beautifully upgraded 16 units apartment within walking distance to Pasadena Playhouse and South Lake Ave District in the highly desirable City of Pasadena. Situated in the heart of Pasadena, just steps away from the vibrant Old Town, this property benefits from an enviable location that attracts a diverse range of tenants. Situated on an oversized high-density lot, the property offer an investor the rare opportunity to own a turnkey apartment with future development opportunity in an extremely good location in Pasadena. The property has been completely renovated with permits (between 2022-2023 – buyer to verify). It was built in 1960 and consists of 1 single-story building and 1 two-story building. It is situated on an oversized ±17,367sf High Density R4 Lot. This high-density lot provides a clear opportunity for Additional Dwelling Units or future redevelopment opportunity (buyer to verify). The single-story building consists of 6 units. The first unit has a fireplace. The 2-story building consists of the remaining 10 units. Each unit has a sizable private patio or balcony. Top-to-bottom renovations were completed recently on the property, which includes brand new drought tolerant landscaping with center garden area, new building façade, signage and exterior paint, new parking gate and repainted railings, new unit patio fences, new exterior lighting, very well-maintained roof, new dual pane windows throughout and much more. Interior upgrades were completed to each unit, which includes full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. The ownership spent a significant amount of time and capital in relocating the previous tenants and completely upgraded the exterior and interior of the property, making this a turnkey investment for the new owner. The property is separately metered for electricity and gas. Parking is provided by 17 carports in the back; there is no soft-story parking required.

Listed by Han Chen | BRE #01749321 | Growth Investment Group Pasade
Last checked: 3 seconds ago | Last updated: February 20th, 2024 | Source CRMLS | DOM: 52
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Home details

Lot Sq. Ft
17,372
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Apartment
Status
Active
MLS#
AR24034803
City
Pasadena
County
Los Angeles
Time on Site
67 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 2
  • # of Leased Units: 16
  • # of Electric Meters: 17
  • # of Gas Meters: 17
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 16
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 16
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,026
  • Total Rent: $32,420
  • Pro Forma/Market Rent: $34,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.3%
  • Gross Rent Multiplier: 16.37
  • Gross Scheduled Income: $389,040
  • Net Operating Income: $273,905
  • Gross Operating Income: $381,259
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $107,354
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $69,417
  • Trash: $6,539
  • Gardener: $2,780
  • Insurance: $3,234
  • Maintenance: $4,398
  • Professional Management: $7,490
  • Water/Sewer: $3,591

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Property Details for 435 N Wilson Ave #1

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl, Wood
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 17
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Value In Land
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 16
  • Parcel Number: 5732019039
  • Year Built Source: Assessor
  • Architectural Style: Mid Century Modern
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: 2 blocks east of Lake Ave, crossing Villa St
Neighborhood Information
  • Community Features: Valley
View more facts & features

Local Pasadena Agent

Sale History for 435 N Wilson Ave #1

Last sold on September 7th, 2010

  • February, 2024

  • Feb 19, 2024

    Date

    Active

    CRMLS: AR24034803

    $6,370,000

    Price

  • February, 2024

  • Feb 6, 2024

    Date

    Canceled

    CRMLS: AR23132914

    $6,800,000

    Price

  • Jul 21, 2023

    Date

    Active

    CRMLS: AR23132914

    $6,800,000

    Price

  • Listing provided courtesy of CRMLS

    435 N Wilson Ave, a turnkey and beautifully upgraded 16 units apartment within walking distance to Pasadena Playhouse and South Lake Ave District in the highly desirable City of Pasadena. Situated in the heart of Pasadena, just steps away from the vibrant Old Town, this property benefits from an enviable location that attracts a diverse range of tenants. Situated on an oversized high-density lot, the property offer an investor the rare opportunity to own a turnkey apartment with future development opportunity in an extremely good location in Pasadena. The property has been completely renovated with permits (between 2022-2023 – buyer to verify). It was built in 1960 and consists of 1 single-story building and 1 two-story building. It is situated on an oversized ±17,367sf High Density R4 Lot. This high-density lot provides a clear opportunity for Additional Dwelling Units or future redevelopment opportunity (buyer to verify). The single-story building consists of 6 units. The first unit has a fireplace. The 2-story building consists of the remaining 10 units. Each unit has a sizable private patio or balcony. Top-to-bottom renovations were completed recently on the property, which includes brand new drought tolerant landscaping with center garden area, new building façade, signage and exterior paint, new parking gate and repainted railings, new unit patio fences, new exterior lighting, very well-maintained roof, new dual pane windows throughout and much more. Interior upgrades were completed to each unit, which includes full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. The ownership spent a significant amount of time and capital in relocating the previous tenants and completely upgraded the exterior and interior of the property, making this a turnkey investment for the new owner. The property is separately metered for electricity and gas. Parking is provided by 17 carports in the back; there is no soft-story parking required.

  • September, 2010

  • Sep 7, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2010

  • May 26, 2010

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

Show More

Tax History for 435 N Wilson Ave #1

Assessed Value (2020): $1,537,574
Year Land Value Improved Value Assessed Value
2020 $1,180,290 $357,284 $1,537,574

Home Value Compared to the Market

This property vs the competition

435 N Wilson Ave #1 is listed 431.28% higher than the median list price for the city of Pasadena which has a median list price of $1,199,000.

About 435 N Wilson Ave #1

Detailed summary of property

435 N Wilson Ave #1 is a apartment located in Pasadena, CA 91106 and is currently for sale. This apartment offers 16 bedrooms, 16 bathrooms, roughly -- living square feet, and sits on an approximately 17,372 square foot lot. 435 N Wilson Ave #1 was first listed on ArdentRealEstateGroup.com on February 20, 2024. The homeowner is currently asking $6,370,000. The median priced home in Pasadena is $1,199,000 with a median price per square foot of $796. Based on Ardent Real Estate Group's Pasadena Market Data, this home is listed 431.28% higher than the median priced home. Local competing homes currently for sale include 3365 Hamilton Way, 264 S Union Ave and 500 S Union Ave. While the average home in Pasadena, CA is selling in 55 days, 435 N Wilson Ave #1 has a days on market of 52 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. For more information on this home for sale at 435 N Wilson Ave #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 435 N Wilson Ave #1

Public county record property details
Beds
8
Baths
8
Year built
1960
Sq. Ft.
3,264
Lot Size
17,366
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
28,29
APN
5732-019-039

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
$1,160,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$810,000
Median Sold Price/Sq.Ft.
$634
Total Inventory
43
Median Sale to List Price %
95.41%
Avg Days on Market
43
Loan Type
Conventional (23.53%), FHA (0%), VA (0%), Cash (11.76%), Other (41.18%)

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Recently Sold Homes Near 435 N Wilson Ave #1

505 N Wilson Ave, Pasadena, CA 91106
$1,700,000 Last Sold Price
8 Beds
4 Baths
3828 Sq.Ft.
505 N Wilson Ave
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537 N Catalina Ave, Pasadena, CA 91106
$2,000,000 Last Sold Price
10 Beds
5 Baths
3696 Sq.Ft.
537 N Catalina Ave
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537 N Mar Vista, Pasadena, CA 91106
$865,000 Last Sold Price
4 Beds
3 Baths
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537 N Mar Vista
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961 E Villa St, Pasadena, CA 91106
$1,500,000 Last Sold Price
6 Beds
6 Baths
3566 Sq.Ft.
961 E Villa St
Pasadena, CA 91106

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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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