529 S El Molino Ave Pasadena, CA 91101

$4,500,000 Sold Price as of 06/29/2012

10 Beds
10 Baths
8,263 Sq.Ft.

Off Market

$4,500,000 Sold Price as of 06/29/2012 Refinance Your Mortgage

Map preview of 529 S El Molino Ave, Pasadena, CA 91101

Property Overview: 529 S El Molino Ave Pasadena, CA has 10 bedrooms, 10 bathrooms, 8,263 living square feet and 20,252 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

529 S 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 $1,250,000. The median price per/sqft for Pasadena is $756. 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 $250,000 for the down payment and will need roughly $25,000 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 529 S El Molino Ave

Last sold for $4,500,000 on June 29th, 2012

June, 2019
Jun 1, 2019

Date

Expired

CRMLS: AR18273834

$7,898,000

Price
May 9, 2019

Date

Withdrawn

CRMLS: AR18273834

$7,898,000

Price
Feb 27, 2019

Date

Price Change

CRMLS: AR18273834

$7,898,000

Price
Dec 17, 2018

Date

Active

CRMLS: AR18273834

$7,900,000

Price
Listing provided courtesy of CRMLS

South El Molino Apartments: a 20-unit apartment investment opportunity located in the highly desirable Playhouse District area of Pasadena, an eclectic cosmopolitan community rich in history and architecture. The property is right in the heart of Pasadena with short walking distance to multiple popular districts such as Old Town Pasadena and Lake Ave Business District. This location in Playhouse District of Pasadena provides a rare opportunity for investor to acquire a value-add apartment in an excellent and highly desirable location in Pasadena sub-market. Because of this superb location, it has a Walk Score 75 out of 100, demonstrating “VERY WALKABLE” location to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. It has ±14,815 sqft building size and situated on a large 30,367 sqft lot with an excellent curb-appeal and neatly manicured landscaping. Current income is significantly below market and an astute investor should be able to increase rents immediately to achieve a high 4.57% proforma CAP Rate. The property consists of 2 parcels (zoned R3), each parcel has 10-unit apartment. The properties have a shared driveway and shared laundry room with parking area in the back. 529-S building was built in 1922, has a total building size of 8,263 SF and situated on a 20,252 SF lot.

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June, 2012
Jun 29, 2012

Date

Sold (Public Records)

Public Records

$4,500,000

Price

Tax History for 529 S El Molino Ave

Assessed Value (2020): $2,877,249

Year	Land Value	Improved Value	Assessed Value
2020	$1,581,488	$1,295,761	$2,877,249

About 529 S El Molino Ave

Detailed summary of property

529 S El Molino Ave is categorized with a use code of Apartment House (5+ Units) in Pasadena, CA 91101 and last sold on June 29, 2012 for $4,500,000. This property has 10 bedrooms, 10 bathrooms, roughly 8,263 living square feet, and sits on an approximately 20,252 square foot lot. Homes in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $781. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 275% higher than the current median priced home. 529 S El Molino Ave was last sold on June 29, 2012 for $4,500,000. Local nearby listings include 227 S Madison Ave #104, 336 S Los Robles Ave and 355 S Los Robles Ave #242. The average home in Pasadena, CA is selling in 59 days. There are currently 326 homes for sale in the Pasadena real estate market and 172 of them are single family homes while 118 of them are condos and 36 are townhomes. If you are the homeowner and looking to sell the home at 529 S 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 529 S El Molino Ave

Public county record property details

Beds: 10
Baths: 10
Year built: 1922
Sq. Ft.: 8,263
Lot Size: 20,252
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 5734-019-011

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

$800,000

Median List Price/Sq.Ft.

$730

Median Sold Price

$800,000

Median Sold Price/Sq.Ft.

$798

Total Inventory

Median Sale to List Price %

99.01%

Avg Days on Market

Loan Type

Conventional (45.45%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

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