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521 E Orange Grove Blvd, Pasadena, CA 91104
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521 E Orange Grove Blvd Pasadena, CA 91104

$1,010,000 Sold Price as of 07/15/2021
  • 4 Beds
  • 4 Baths
  • 2,093 Sq.Ft.
Sold
$1,010,000 Sold Price as of 07/15/2021 Refinance Your Mortgage
Map preview of 521 E Orange Grove Blvd, Pasadena, CA 91104

Property Overview: 521 E Orange Grove Blvd Pasadena, CA has 4 bedrooms, 4 bathrooms, 2,093 living square feet and 6,684 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming Spanish Colonial Revival quadruplex walking distance to Old Pasadena. Four fully rented one bedroom one bath units, building has 2,093 square feet of living space and sits on a fully fenced flat 6,684 square foot parcel. All rents are paid and tenants have occupied the property long term with no vacancies. The units have a driveway at the left that leads to their large flat parking area for plenty of off-street parking. Conveniently located near the 210, 710 & 134 freeways, public transportation and walk to the incredible shopping and entertainment areas of Old Pasadena. Owners purchased the property in 50 years ago and the units have been maintained as needed but not remodeled, they were completely painted on the exterior in May 2021. Sold as-is with no repairs and no seller credits.

Listed by John Sturdevant | BRE #01193545 | Regency Real Estate Brokers
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
6,684
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
OC21111899
City
Pasadena
County
Los Angeles
Time on Site
1131 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,191
  • Total Rent: $4,764
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: 16.09
  • Gross Scheduled Income: $57,168
  • Net Operating Income: $41,268
  • Gross Operating Income: $57,168
  • Vacancy Allowance: $0
  • Gross Spendable Income: $57,168
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
Annual Expense Breakdown
  • Total Operating Expense: $15,900
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $10,650
  • Furniture Replacement: $0
  • Trash: $1,200
  • Cable TV: $0
  • Gardener: $600
  • Insurance: $1,050
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $2,400

Property Details for 521 E Orange Grove Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • No Laundry
  • None
Room Information
  • Flooring: Wood
  • All Bedrooms Down, Living Room, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Gas Water Heater
Interior Features
  • Levels: One
  • Window Features: Wood Frames
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Driveway, Oversized, RV Access/Parking, RV Potential, Shared Driveway, Unassigned
Lot Information
  • Lot Features: Front Yard, Level with Street, Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5731002011
  • Year Built Source: Assessor
  • Architectural Style: Spanish
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is not Attached
  • Accessibility Features: No Interior Steps
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: East of Los Robles West of Madison above 210 Fwy
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Pasadena Agent

Sale History for 521 E Orange Grove Blvd

Last sold for $1,010,000 on July 15th, 2021

  • July, 2021

  • Jul 15, 2021

    Date

    Sold

    CRMLS: OC21111899

    $1,010,000

    Price

  • Jun 18, 2021

    Date

    Pending

    CRMLS: OC21111899

    $920,000

    Price

  • Jun 18, 2021

    Date

    Active

    CRMLS: OC21111899

    $920,000

    Price

  • Jun 7, 2021

    Date

    Pending

    CRMLS: OC21111899

    $920,000

    Price

  • Jun 2, 2021

    Date

    Hold

    CRMLS: OC21111899

    $920,000

    Price

  • May 26, 2021

    Date

    Active

    CRMLS: OC21111899

    $920,000

    Price

Tax History for 521 E Orange Grove Blvd

Assessed Value (2020): $115,937
Year Land Value Improved Value Assessed Value
2020 $42,435 $73,502 $115,937

Home Value Compared to the Market

This property vs the competition

521 E Orange Grove Blvd sold on July 15, 2021 for 29.5% lower than the current median sold price for the city of Pasadena which is $1,305,000. The median sold price per/sqft for Pasadena is $844 and this home is sold at $439.56 per/sqft which puts the price per square foot 47.92% lower than the current median sale per square foot for the city of Pasadena.

About 521 E Orange Grove Blvd

Detailed summary of property

521 E Orange Grove Blvd is a fourplex that recently sold in Pasadena, CA 91104. This fourplex offered 4 bedrooms, 4 bathrooms, roughly 2,093 living square feet, and sits on an approximately 6,684 square foot lot. 521 E Orange Grove Blvd was first listed on ArdentRealEstateGroup.com on May 26, 2021. The homeowner sold the property for $1,010,000. Home in Pasadena are selling for a median price of $1,305,000 and a median price per square foot of $844. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 29.5% lower than the current median priced home. Local homes that are currently for sale include 4146 W Avenue 42, 4208 Griffin Ave and 321 W Avenue 37. While the average home in Pasadena, CA is selling in 55 days, 521 E Orange Grove Blvd has a days on market of 7 days. There are currently 308 homes for sale in the Pasadena real estate market and 178 of them are single family homes while 103 of them are condos and 27 are townhomes. For more information on this home for sale at 521 E Orange Grove 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 521 E Orange Grove Blvd

Public county record property details
Beds
4
Baths
4
Year built
1928
Sq. Ft.
2,093
Lot Size
6,724
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5731-002-011

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
$1,256,000
Median List Price/Sq.Ft.
$819
Median Sold Price
$1,119,000
Median Sold Price/Sq.Ft.
$1,066
Total Inventory
27
Median Sale to List Price %
101.73%
Avg Days on Market
18
Loan Type
Conventional (30%), FHA (0%), VA (0%), Cash (20%), Other (40%)

Thinking of Selling?

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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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