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664 Mira Monte Pl, Pasadena, CA 91101
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664 Mira Monte Pl Pasadena, CA 91101

$3,400,000
  • 6 Beds
  • 9 Baths
  • -- Sq.Ft.
For Sale
$3,400,000 Get Pre-Qualified
Map preview of 664 Mira Monte Pl, Pasadena, CA 91101

Property Overview: 664 Mira Monte Pl Pasadena, CA has 6 bedrooms, 9 bathrooms, -- living square feet and 7,211 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: ASSUMABLE FINANCING @ 3.15% INTEREST! 4.84% CAP ON CURRENT RENTS WITH VALUE-ADD RENTAL UPSIDE! FULL COPPER PLUMBING, FULLY UPDATED NEW ELECTRICAL SYSTEM, TANKLESS WATER HEARTERS, SOME UNITS REMODELED WITH W/D INSIDE, TWO NEW CONSTRUCTION ADU UNITS COMPLETE AND RENT READY (Easy to show). We are pleased to present this 9-unit property in one of the best rental areas of Pasadena. The Playhouse Village area boasts as a WALKER'S PARADISE with its close proximity to restaurants, retail and S. Lake Ave. The original property consists of Four 1 Bed + 1 bath units and Three studio + 1 bath units. The 2 NEW ADUs are one 2 Bed + 1 bath and one studio + 1 bath units and NOT subject to Pasadena city rent control laws. Given the location and style these apartments have a very strong history of renting quickly and at top rents. There is on-site parking for tenants. NO SOFT-STORY RETROFIT NEEDED. Separately metered for electricity and gas and each unit has their own water heater. This can be purchase separately or together with the next door, 6 unit property at 142 S. El Molino Ave., MLS # 24-413263. A rare offering for one or two properties that have been well updated and meticulously managed by the ownership. PLEASE DO NOT DISTURB THE TENANTS.

Listed by Alexander Metaxas | BRE #01784652 | Realty Investment Advisors, Inc.
Co-listed by Benjamin J. Hsiang | BRE #01438644 | Realty Investment Advisors, Inc.
Last checked: 12 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
7,211
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24413665
City
Pasadena
County
Los Angeles
Time on Site
67 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,332
  • Total Rent: $9,329
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,827
  • Total Rent: $5,482
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,695
  • Total Rent: $2,695
  • Pro Forma/Market Rent: $2,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.84%
  • Gross Rent Multiplier: 14.3
  • Gross Scheduled Income: --
  • Net Operating Income: $164,461
  • Gross Operating Income: $230,648
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 664 Mira Monte Pl

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Property Details for 664 Mira Monte Pl

Interior Features
Heating Information
  • Has Heating
  • Forced Air, Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Multi/Split
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 9
  • Parcel Number: 5734023036
  • Year Built Source: Assessor
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South on S. El Molino Ave, on SE corner of Mira Monte & S. El Molino.
View more facts & features

Local Pasadena Agent

Sale History for 664 Mira Monte Pl

Last sold for $990,000 on September 29th, 2011

  • July, 2024

  • Jul 10, 2024

    Date

    Active

    CRMLS: 24413665

    $3,400,000

    Price

  • September, 2011

  • Sep 29, 2011

    Date

    Sold (Public Records)

    Public Records

    $990,000

    Price

  • October, 2010

  • Oct 22, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 664 Mira Monte Pl

Assessed Value (2020): $1,137,211
Year Land Value Improved Value Assessed Value
2020 $585,733 $551,478 $1,137,211

Home Value Compared to the Market

This property vs the competition

664 Mira Monte Pl is listed 178.69% higher than the median list price for the city of Pasadena which has a median list price of $1,220,000.

About 664 Mira Monte Pl

Detailed summary of property

664 Mira Monte Pl is a multi family located in Pasadena, CA 91101 and is currently for sale. This multi family property offers 6 bedrooms, 9 bathrooms, roughly -- living square feet, and sits on an approximately 7,211 square foot lot. 664 Mira Monte Pl was first listed on ArdentRealEstateGroup.com on July 10, 2024. The homeowner is currently asking $3,400,000. The median priced home in Pasadena is $1,220,000 with a median price per square foot of $758. Based on Ardent Real Estate Group's Pasadena Market Data, this home is listed 178.69% higher than the median priced home. Local competing homes currently for sale include 3235 Andrita St, 234 N Chicago St and 2140 Lemoyne St. While the average home in Pasadena, CA is selling in 56 days, 664 Mira Monte Pl has a days on market of 57 days. There are currently 325 homes for sale in the Pasadena real estate market and 178 of them are single family homes while 112 of them are condos and 35 are townhomes. For more information on this home for sale at 664 Mira Monte Pl Pasadena, CA 91101 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 664 Mira Monte Pl

Public county record property details
Beds
8
Baths
7
Year built
1948
Sq. Ft.
4,460
Lot Size
7,208
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5734-023-036

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
$849,000
Median List Price/Sq.Ft.
$728
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$798
Total Inventory
57
Median Sale to List Price %
99.01%
Avg Days on Market
60
Loan Type
Conventional (45.45%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

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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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