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537 N Catalina Ave, Pasadena, CA 91106
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537 N Catalina Ave Pasadena, CA 91106

$2,000,000 Sold Price as of 06/01/2022
  • 10 Beds
  • 5 Baths
  • 3,696 Sq.Ft.
Sold
$2,000,000 Sold Price as of 06/01/2022 Refinance Your Mortgage
Map preview of 537 N Catalina Ave, Pasadena, CA 91106

Property Overview: 537 N Catalina Ave Pasadena, CA has 10 bedrooms, 5 bathrooms, 3,696 living square feet and 7,654 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 537 N Catalina Ave is a value-add 5-unit apartment in the highly desirable location in the City of Pasadena, CA. This offering provides an extremely rare opportunity for investors to acquire an attractive apartment community in one of most desirable sub-market throughout San Gabriel Valley. There is NO LOCAL rent control in Pasadena which allows maximum rent increase of 5% + CPI per AB1482.

Listed by Handoko Chen | BRE #01749321 | GIG Real Estate Inc.
Last checked: 3 minutes ago | Last updated: June 1st, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
7,654
HOA Dues
$0/mo
Year built
1954
Garage
5 Car
Property Type:
Apartment
Status
Sold
MLS#
AR22092031
City
Pasadena
County
Los Angeles
Time on Site
739 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 5
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,760
  • Total Rent: $8,800
  • Pro Forma/Market Rent: $11,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.57%
  • Gross Rent Multiplier: 19.57
  • Gross Scheduled Income: $108,600
  • Net Operating Income: $75,816
  • Gross Operating Income: $105,342
Annual Expense Breakdown
  • Total Operating Expense: $29,526
  • Electric: $324
  • Gas/Fuel: $0
  • New Taxes: $22,654
  • Trash: $1,173
  • Insurance: $1,465
  • Professional Management: $0
  • Water/Sewer: $1,215

Property Details for 537 N Catalina Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 5732014038
  • 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: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: cross street is Catalina Ave and Villa St
Neighborhood Information
  • Community Features: Suburban, Valley
View more facts & features

Local Pasadena Agent

Sale History for 537 N Catalina Ave

Last sold for $2,000,000 on June 1st, 2022

  • June, 2022

  • Jun 1, 2022

    Date

    Sold

    CRMLS: AR22092031

    $2,000,000

    Price

  • May 3, 2022

    Date

    Active

    CRMLS: AR22092031

    $2,125,000

    Price

  • July, 2012

  • Jul 26, 2012

    Date

    Sold (Public Records)

    Public Records

    $910,000

    Price

  • September, 2008

  • Sep 16, 2008

    Date

    Sold (Public Records)

    Public Records

    $880,000

    Price

Show More

Tax History for 537 N Catalina Ave

Assessed Value (2020): $1,024,779
Year Land Value Improved Value Assessed Value
2020 $675,588 $349,191 $1,024,779

Home Value Compared to the Market

This property vs the competition

537 N Catalina Ave sold on June 1, 2022 for 70% 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 $574.95 per/sqft which puts the price per square foot 24.65% lower than the current median sale per square foot for the city of Pasadena.

About 537 N Catalina Ave

Detailed summary of property

537 N Catalina Ave is a apartment that recently sold in Pasadena, CA 91106. This apartment offered 10 bedrooms, 5 bathrooms, roughly 3,696 living square feet, and sits on an approximately 7,654 square foot lot. 537 N Catalina Ave was first listed on ArdentRealEstateGroup.com on May 4, 2022. The homeowner sold the property for $2,000,000. 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 70% higher than the current median priced home. Local homes that are currently for sale include 3408 N Figueroa St, 2618 Carleton Ave and 3020 Baldwin St. While the average home in Pasadena, CA is selling in 57 days, 537 N Catalina Ave has a days on market of 14 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 537 N Catalina 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 537 N Catalina Ave

Public county record property details
Beds
10
Baths
5
Year built
1954
Sq. Ft.
3,696
Lot Size
7,654
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5732-014-038

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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Recently Sold Homes Near 537 N Catalina Ave

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
1037 Emerson St, Pasadena, CA 91106
$1,560,000 Last Sold Price
8 Beds
4 Baths
2976 Sq.Ft.
1037 Emerson St
Pasadena, CA 91106
505 N Wilson Ave, Pasadena, CA 91106
$1,700,000 Last Sold Price
8 Beds
4 Baths
3828 Sq.Ft.
505 N Wilson Ave
Pasadena, CA 91106
615 N Mentor Ave, Pasadena, CA 91106
$1,250,000 Last Sold Price
4 Beds
2 Baths
1390 Sq.Ft.
615 N Mentor Ave
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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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