551 S El Molino Ave, Pasadena, CA 91101
Image 2 for 551 S El Molino Ave, Pasadena, CA 91101
Image 3 for 551 S El Molino Ave, Pasadena, CA 91101
View Photos

551 S El Molino Ave Pasadena, CA 91101

$2,550,000 Sold Price as of 08/23/2022
  • 9 Beds
  • 5 Baths
  • 6,702 Sq.Ft.
Sold
$2,550,000 Sold Price as of 08/23/2022 Refinance Your Mortgage

Map preview of 551 S El Molino Ave, Pasadena, CA 91101

Property Overview: 551 S El Molino Ave Pasadena, CA has 9 bedrooms, 5 bathrooms, 6,702 living square feet and 10,624 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Historical 5 unit building with lush landscaping in prime Pasadena Area. Walking distance to Cal Tech and Lake Ave. shopping and services. 4 units are 2 bedroom/1 bath. The garage apartment is 1bedroom/1 bath. Each unit has a separate laundry area and single car garages. Units have character built-ins with bookshelves and cabinets. Beautiful hardwood floors, high ceilings, moldings, etc, make these units a very desirable living environment. This is a trust sale and is sold in current as is condition. The property is on the corner of California Blvd. and El Molino Ave. Please do not disturb the tenants. All offers to be subject to inspection. Trust attorney will review all offers on August 5, 2022.

Listed by ROBERT GAYL | BRE #00900828 | REGION 1 REALTY
Last checked: 5 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
10,624
HOA Dues
$0/mo
Year built
1921
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
WS22161084
City
Pasadena
County
Los Angeles
Time on Site
611 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $2,300
  • Total Rent: $9,200
  • Pro Forma/Market Rent: $12,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $130,500
  • Net Operating Income: $101,150
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $29,350
  • Gas/Fuel: $0
  • Trash: $1,500
  • Gardener: $5,280
  • Insurance: $9,341
  • Professional Management: $0
  • Water/Sewer: $4,668

Property Details for 551 S El Molino Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • Has Fireplace
  • Dining Room, Patio
Room Information
  • Flooring: Wood
Interior Features
  • 2 Staircases
  • 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: 6
  • Has Parking
  • Parking Features: Carport, Detached Carport
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5734019013
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Utilities: Cable Available
Location / Neighborhood
Location Information
  • Directions: Corner of California Blvd. and El Molino Ave.
Neighborhood Information
  • Community Features: Curbs, Gutters, Street Lights
View more facts & features

Local Pasadena Agent

Loading...

Sale History for 551 S El Molino Ave

Last sold for $2,550,000 on August 23rd, 2022
  • August, 2022

  • Aug 23, 2022

    Date

    Sold

    CRMLS: WS22161084

    $2,550,000

    Price

  • Jul 24, 2022

    Date

    Active

    CRMLS: WS22161084

    $2,495,000

    Price

Tax History for 551 S El Molino Ave

Assessed Value (2020): $691,313
Year Land Value Improved Value Assessed Value
2020 $350,030 $341,283 $691,313

Home Value Compared to the Market

This property vs the competition

551 S El Molino Ave sold on August 23, 2022 for 106.63% higher than the current median sold price for the city of Pasadena which is $1,207,500. The median sold price per/sqft for Pasadena is $757 and this home is sold at $372.28 per/sqft which puts the price per square foot 50.82% lower than the current median sale per square foot for the city of Pasadena.

About 551 S El Molino Ave

Detailed summary of property

551 S El Molino Ave is a multi family that recently sold in Pasadena, CA 91101. This multi family property offered 9 bedrooms, 5 bathrooms, roughly 6,702 living square feet, and sits on an approximately 10,624 square foot lot. 551 S El Molino Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $2,550,000. Home in Pasadena are selling for a median price of $1,207,500 and a median price per square foot of $757. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 106.63% higher than the current median priced home. Local homes that are currently for sale include 2853 Cincinnati St, 668 Keenan Ave and 6129 Allston St. While the average home in Pasadena, CA is selling in 63 days, 551 S El Molino Ave has a days on market of 15 days. There are currently 242 homes for sale in the Pasadena real estate market and 130 of them are single family homes while 94 of them are condos and 18 are townhomes. For more information on this home for sale at 551 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 551 S El Molino Ave

Public county record property details
Beds
10
Baths
5
Year built
1921
Sq. Ft.
6,702
Lot Size
10,623
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5734-019-013

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
$760,000
Median List Price/Sq.Ft.
$712
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$654
Total Inventory
48
Median Sale to List Price %
103%
Avg Days on Market
30
Loan Type
Conventional (0%), FHA (14.29%), VA (0%), Cash (57.14%), Other (28.57%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

Related Resources to 551 S El Molino Ave

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.