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505 N Wilson Ave, Pasadena, CA 91106
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505 N Wilson Ave Pasadena, CA 91106

$1,700,000 Sold Price as of 01/05/2024
  • 8 Beds
  • 4 Baths
  • 3,828 Sq.Ft.
Sold
$1,700,000 Sold Price as of 01/05/2024 Refinance Your Mortgage
Map preview of 505 N Wilson Ave, Pasadena, CA 91106

Property Overview: 505 N Wilson Ave Pasadena, CA has 8 bedrooms, 4 bathrooms, 3,828 living square feet and 7,478 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a great investment opportunity in desirable Pasadena neighborhood. An excellent unit mix of spacious 2 bedroom + 1 bathroom in all units being offered for sale for the first time in 25 years. A newer 1979 construction with central A/C & Heat, and laundry hook-ups in each unit. Strong in place rents with realistic rental upside potential for growing income in the future. These tenants enjoy the convenience of having secured parking, secured entry and quick access to the 134 & 210 freeways. Just a short drive to Pasadena City College and minutes to Old Town Pasadena and to the many shops and restaurants at Paseo on Colorado. Situated close to the South Lake Avenue's shopping district, CalTech, and the Rose Bowl.

Listed by Shant Sherbetdjian | BRE #01713570 | Remax Commercial and Investment Realty
Last checked: 8 minutes ago | Last updated: January 6th, 2024 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
7,478
HOA Dues
$0/mo
Year built
1979
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
23334017
City
Pasadena
County
Los Angeles
Time on Site
165 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,936
  • Total Rent: $1,936
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.85%
  • Gross Rent Multiplier: 16.22
  • Gross Scheduled Income: --
  • Net Operating Income: $65,382
  • Gross Operating Income: $101,687
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 505 N Wilson Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • See Remarks
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 4
  • Parcel Number: 5732012056
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: This great investment property is located on North Wilson Avenue between East Villa Street Orange Grove Blvd.
View more facts & features

Local Pasadena Agent

Sale History for 505 N Wilson Ave

Last sold for $1,700,000 on January 5th, 2024

  • January, 2024

  • Jan 5, 2024

    Date

    Sold

    CRMLS: 23334017

    $1,700,000

    Price

  • Nov 21, 2023

    Date

    Active

    CRMLS: 23334017

    $1,700,000

    Price

  • September, 1998

  • Sep 25, 1998

    Date

    Sold (Public Records)

    Public Records

    $280,000

    Price

Show More

Tax History for 505 N Wilson Ave

Assessed Value (2020): $401,356
Year Land Value Improved Value Assessed Value
2020 $186,344 $215,012 $401,356

Home Value Compared to the Market

This property vs the competition

505 N Wilson Ave sold on January 5, 2024 for 36% higher than the current median sold price for the city of Pasadena which is $1,250,000. The median sold price per/sqft for Pasadena is $763 and this home is sold at $444.1 per/sqft which puts the price per square foot 41.8% lower than the current median sale per square foot for the city of Pasadena.

About 505 N Wilson Ave

Detailed summary of property

505 N Wilson Ave is a multi family that recently sold in Pasadena, CA 91106. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,828 living square feet, and sits on an approximately 7,478 square foot lot. 505 N Wilson Ave was first listed on ArdentRealEstateGroup.com on November 28, 2023. The homeowner sold the property for $1,700,000. Home in Pasadena are selling for a median price of $1,250,000 and a median price per square foot of $763. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 36% higher than the current median priced home. Local homes that are currently for sale include 6104 York Blvd, 5231 Loleta Ave and 1461 Hepner Ave. While the average home in Pasadena, CA is selling in 57 days, 505 N Wilson Ave has a days on market of 16 days. There are currently 258 homes for sale in the Pasadena real estate market and 155 of them are single family homes while 75 of them are condos and 28 are townhomes. For more information on this home for sale at 505 N Wilson 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 505 N Wilson Ave

Public county record property details
Beds
8
Baths
4
Year built
1979
Sq. Ft.
3,828
Lot Size
7,475
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5732-012-056

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
44
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%)

Thinking of Selling?

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(714) 706-1823

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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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