Search
517 E Washington Blvd, Pasadena, CA 91104
View Photos

517 E Washington Blvd Pasadena, CA 91104

$3,220,000 Sold Price as of 03/19/2021
  • 18 Beds
  • 10 Baths
  • 8,340 Sq.Ft.
Sold
$3,220,000 Sold Price as of 03/19/2021 Refinance Your Mortgage
Map preview of 517 E Washington Blvd, Pasadena, CA 91104

Property Overview: 517 E Washington Blvd Pasadena, CA has 18 bedrooms, 10 bathrooms, 8,340 living square feet and 20,911 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: MONTANO VILLAS – 517 E Washington Blvd., a 10-unit garden style apartment investment opportunity located in the City of Pasadena, CA. Built in 1949 by the owner’s family, this is the first time this property has ever been offered for sale. Long time owned for 72 years; the ownership has completed many significant capital improvements recently. Some of the major improvements are new roof, new Central A/C and heating in each unit, new double pane windows throughout (2008-2009). VILLA MONTANO is a pride-of-ownership attractive two-story garden style gated community that was built in 1949. It has a total of 8,340 SF building size and situated on a ±20,911 SF lot size. It offers an excellent curb appeal with manicured landscaping. The property has 4 patio homes with a semi-private porch and side yard. The 4 patio homes are all 2bedroom+1bathroom units complete with laundry hookups. Each patio home’s bathroom has tiled shower + bathtub. The remaining 6 units consist of four (4) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom units. Each unit has central A/C and heating (installed in 2009), double pane windows, original hardwood flooring, stove, and refrigerator. Each of the 4 patio homes have a dishwasher. Each unit has an individual water heater and separately metered for electricity and gas.

Listed by Handoko Chen | BRE #01749321 | GIG Real Estate Inc.
Last checked: 12 minutes ago | Last updated: January 20th, 2024 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
20,911
HOA Dues
$0/mo
Year built
1949
Garage
9 Car
Property Type:
Apartment
Status
Sold
MLS#
AR21011386
City
Pasadena
County
Los Angeles
Time on Site
1192 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 5
  • # of Leased Units: 10
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,908
  • Total Rent: $7,630
  • Pro Forma/Market Rent: $9,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,570
  • Total Rent: $3,140
  • Pro Forma/Market Rent: $4,400
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,620
  • Total Rent: $3,240
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $3,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $201,720
  • Net Operating Income: $136,638
  • Gross Operating Income: $195,668
Annual Expense Breakdown
  • Total Operating Expense: $59,031
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $33,539
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $4,016
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $725
  • Other Expense Description: Cleaning

Property Details for 517 E Washington Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Common Area, Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: See Remarks
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 9
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned, Attached Carport
Lot Information
  • Lot Features: Level with Street, Rectangular Lot, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Mountain(s)
  • Common Walls: 2+ Common Walls
  • Total # of Units: 10
  • Parcel Number: 5838040015
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: north east of Los Robles Ave and Washington Blvd
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Foothills, Suburban, Valley
View more facts & features

Local Pasadena Agent

Sale History for 517 E Washington Blvd

Last sold for $3,220,000 on March 19th, 2021

  • January, 2024

  • Jan 19, 2024

    Date

    Canceled

    CRMLS: AR24006687

    $3,880,000

    Price

  • Jan 11, 2024

    Date

    Active

    CRMLS: AR24006687

    $3,880,000

    Price

  • Listing provided courtesy of CRMLS

    MONTANO VILLAS, a combination of 4 bungalows/houses and 6 apartments totaling 10-unit garden style apartment investment opportunity located in the City of Pasadena, CA. This exceptional property comprises of 4 bungalows/houses and 2 triplexes and is situated on a large ±20,911sf R3 lot. This value-add investment opportunity provides savvy investors with high-quality assets in a strong Pasadena submarket with significant rental upside potential and future expansion opportunities. The previous ownership had completed many significant capital improvements: Some of the major improvements are recently replaced roofs, new Central A/C and heating in each unit, new double pane windows throughout (2008-2009). Don't miss out on this unique chance to secure a prime investment in one of Southern California's most sought-after markets VILLA MONTANO is a pride-of-ownership attractive two-story garden style gated community that was built in 1949. It has a total of 8,340 SF building size and is situated on a ±20,911 SF R3 lot size. It offers excellent curb appeal with manicured landscaping. The property has 4 patio homes with a semi-private porch and side yard. The 4 patio homes are all 2bedroom+1bathroom units complete with laundry hookups. Each patio home’s bathroom has tiled shower + bathtub. The remaining 6 units consist of four (4) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom units. Each unit has central A/C and heating (installed in 2009), double pane windows, original hardwood flooring, stove, and refrigerator. Each of the 4 patio homes have a dishwasher. Each unit has an individual water heater and separately metered for electricity and gas.

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: AR23115761

    $3,880,000

    Price

  • Jun 28, 2023

    Date

    Active

    CRMLS: AR23115761

    $3,880,000

    Price

  • Listing provided courtesy of CRMLS

    MONTANO VILLAS, a 10-unit garden style apartment investment opportunity located in the City of Pasadena, CA. This exceptional property comprises of 4 houses and 2 triplexes and is situated on a large ±20,911sf R3 lot. This value-add investment opportunity provides savvy investors with high-quality assets in a strong Pasadena submarket with significant rental upside potential and future expansion opportunities. The previous ownership had completed many significant capital improvements: Some of the major improvements are recently replaced roofs, new Central A/C and heating in each unit, new double pane windows throughout (2008-2009). Don't miss out on this unique chance to secure a prime investment in one of Southern California's most sought-after markets MONTANO VILLAS is a pride-of-ownership attractive two-story garden style gated community that was built in 1949. It has a total of 8,340 SF building size and is situated on a ±20,911 SF R3 lot size. It offers excellent curb appeal with manicured landscaping. The property has 4 patio homes with a semi-private porch and side yard. The 4 patio homes are all 2bedroom+1bathroom units complete with laundry hookups. Each patio home’s bathroom has tiled shower + bathtub. The remaining 6 units consist of four (4) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom units. Each unit has central A/C and heating (installed in 2009), double pane windows, original hardwood flooring, stove, and refrigerator. Each of the 4 patio homes have a dishwasher. Each unit has an individual water heater and separately metered for electricity and gas. The property has two shared laundry rooms (machines are seller owned) and a large storage room. Parking is provided by a combination of 9 parking garages (with storage spaces) and several open space parking. Most tenants in this community are long time tenants that are on month to month and are due for rent increases. Additional significant rental upside can be realized when units turn in the future.

  • June, 2023

  • Jun 24, 2023

    Date

    Canceled

    CRMLS: P1-12776

    $3,880,000

    Price

  • Feb 27, 2023

    Date

    Active

    CRMLS: P1-12776

    $3,880,000

    Price

  • Listing provided courtesy of CRMLS

    MONTANO VILLAS is a magnificent 10 unit garden style gated community situated on almost a 1/2 acre of beautifully landscaped grounds. Built in 1949, the property has only had two owners who have meticulously taken care of the property. The building area totals 8,340 square feet. There are four (4) separate 2 bedroom and 1 bath bungalow homes with semi-private porches, side yards, dishwashers and laundry hookups. The remaining 6 units consist of four (4) 2 bedroom and 1 bath units and two (2) 1 bedroom and 1 bath units. Each unit has central A/C and heating, original hardwood flooring and double pane windows. The property has been improved over the years with a new roof, central A/C and heating in each unit, double pane windows and tankless water heaters. There is also a common laundry area on site with owner-owned machines. This property shows great curb appeal and pride of ownership. It is truly a trophy property!

  • March, 2021

  • Mar 20, 2021

    Date

    Sold

    CRMLS: AR21011386

    $3,220,000

    Price

  • Jan 29, 2021

    Date

    Active Under Contract

    CRMLS: AR21011386

    $3,250,000

    Price

  • Jan 18, 2021

    Date

    Active

    CRMLS: AR21011386

    $3,250,000

    Price

  • February, 2009

  • Feb 3, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 517 E Washington Blvd

Assessed Value (2020): $1,757,205
Year Land Value Improved Value Assessed Value
2020 $1,171,472 $585,733 $1,757,205

Home Value Compared to the Market

This property vs the competition

517 E Washington Blvd sold on March 19, 2021 for 170.83% higher than the current median sold price for the city of Pasadena which is $1,200,000. The median sold price per/sqft for Pasadena is $778 and this home is sold at $389.69 per/sqft which puts the price per square foot 49.91% lower than the current median sale per square foot for the city of Pasadena.

About 517 E Washington Blvd

Detailed summary of property

517 E Washington Blvd is a apartment that recently sold in Pasadena, CA 91104. This apartment offered 18 bedrooms, 10 bathrooms, roughly 8,340 living square feet, and sits on an approximately 20,911 square foot lot. 517 E Washington Blvd was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $3,220,000. Home 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 170.83% higher than the current median priced home. Local homes that are currently for sale include 4253 Franklin Ave, 4310 Franklin Ave and 325 N Union Ave. While the average home in Pasadena, CA is selling in 55 days, 517 E Washington Blvd has a days on market of 10 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 517 E Washington Blvd Pasadena, CA 91104 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 517 E Washington Blvd

Public county record property details
Beds
17
Baths
10
Year built
1949
Sq. Ft.
8,340
Lot Size
20,911
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
5838-040-015

The source for these homes facts are from public records.

91104 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$867
Median Sold Price
$1,355,000
Median Sold Price/Sq.Ft.
$903
Total Inventory
22
Median Sale to List Price %
104.63%
Avg Days on Market
20
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (12.5%), Other (12.5%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 517 E Washington Blvd

Nearby Homes for Sale

1282 N Summit Ave, Pasadena, CA 91103
$2,800,000
8 Beds
10 Baths
5038 Sq.Ft.
1282 N Summit Ave
Pasadena, CA 91103
174 N Mar Vista Ave, Pasadena, CA 91106
$2,950,000
9 Beds
12 Baths
7556 Sq.Ft.
174 N Mar Vista Ave
Pasadena, CA 91106
252 Branch Street, Los Angeles, CA 90042
$2,950,000
32 Beds
18 Baths
5904 Sq.Ft.
252 Branch Street
Los Angeles, CA 90042
129 S Avenue 64, Los Angeles, CA 90042
$3,695,000
21 Beds
13 Baths
10705 Sq.Ft.
129 S Avenue 64
Los Angeles, CA 90042
5335 Huntington Dr, Los Angeles, CA 90032
$2,800,000
16 Beds
0 Baths
7492 Sq.Ft.
5335 Huntington Dr
Los Angeles, CA 90032
3415 Drew St, Los Angeles, CA 90065
$3,325,000
12 Beds
12 Baths
7245 Sq.Ft.
3415 Drew St
Los Angeles, CA 90065
2140 Lemoyne St, Los Angeles, CA 90026
$3,200,000
3 Beds
2 Baths
-- Sq.Ft.
2140 Lemoyne St
Los Angeles, CA 90026
3623 Monon St, Los Angeles, CA 90027
$3,215,000
14 Beds
10 Baths
7016 Sq.Ft.
3623 Monon St
Los Angeles, CA 90027
1325 Douglas St, Los Angeles, CA 90026
$2,700,000
8 Beds
8 Baths
3456 Sq.Ft.
1325 Douglas St
Los Angeles, CA 90026
6129 Allston St, Los Angeles, CA 90022
$2,650,000
4 Beds
14 Baths
7443 Sq.Ft.
6129 Allston St
Los Angeles, CA 90022
1006 S Record Ave, Los Angeles, CA 90023
$3,500,000
22 Beds
18 Baths
9798 Sq.Ft.
1006 S Record Ave
Los Angeles, CA 90023
4312 Price St, Los Angeles, CA 90027
$2,995,000
8 Beds
5 Baths
4840 Sq.Ft.
4312 Price St
Los Angeles, CA 90027

Recently Sold Homes Near 517 E Washington Blvd

1286 N Los Robles Ave, Pasadena, CA 91104
$1,907,000 Last Sold Price
7 Beds
4 Baths
5304 Sq.Ft.
1286 N Los Robles Ave
Pasadena, CA 91104
1276 N Los Robles Ave, Pasadena, CA 91104
$1,265,000 Last Sold Price
6 Beds
4 Baths
3628 Sq.Ft.
1276 N Los Robles Ave
Pasadena, CA 91104
603 Prescott St, Pasadena, CA 91104
$1,110,000 Last Sold Price
7 Beds
5 Baths
-- Sq.Ft.
603 Prescott St
Pasadena, CA 91104
452 E Rio Grande St, Pasadena, CA 91104
$1,800,000 Last Sold Price
8 Beds
4 Baths
3312 Sq.Ft.
452 E Rio Grande St
Pasadena, CA 91104

Related Resources to 517 E Washington Blvd

New Listings in 91104
Popular Zip Codes
Popular Cities
Other Pasadena Resources

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.

Refi Quote