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712 E Walnut St, Pasadena, CA 91101
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712 E Walnut St Pasadena, CA 91101

$17,212,500 Sold Price as of 12/03/2020
  • 63 Beds
  • 56 Baths
  • -- Sq.Ft.
Sold
$17,212,500 Sold Price as of 12/03/2020 Refinance Your Mortgage
Map preview of 712 E Walnut St, Pasadena, CA 91101

Property Overview: 712 E Walnut St Pasadena, CA has 63 bedrooms, 56 bathrooms, -- living square feet and 15,482 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Encore is an irreplaceable 28-unit apartment building plus two commercial/retail units on the ground floor. The property was built in 2004 and is located in the Playhouse District. The Encore is located a few blocks away from restaurants, shops and entertainment on Colorado Boulevard and minutes away from Old Town Pasadena. Per the Seller, 24 out of the 28 apartments have been renovated with stainless steel appliances, vinyl plank flooring in the kitchen, bathrooms, living room and hallways and carpet in the bedrooms and closets, 4 inch baseboards, paint, fixtures, quartz counter tops in the kitchen and the bathrooms, shaker style cabinets with pulls and newer side by side washer and dryer. All of the apartments have in-unit washer/dryer and most apartments have a balcony. The building has an elevator, central air and heat, gated parking and an interior courtyard.Per the Seller, the exterior of the building has newer paint.Properties like this don't come around for sale that often.

Listed by Earle Hyman | BRE #00803521 | Marcus & Millichap
Last checked: 53 seconds ago | Last updated: January 3rd, 2023 | Source CRMLS | DOM: 75

Home details

Lot Sq. Ft
15,482
HOA Dues
$0/mo
Year built
2004
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20609264
City
Pasadena
County
Los Angeles
Time on Site
1517 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 30
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 21
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,748
  • Total Rent: $57,718
  • Pro Forma/Market Rent: $58,358
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,171
  • Total Rent: $22,195
  • Pro Forma/Market Rent: $22,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.69
  • Gross Scheduled Income: --
  • Net Operating Income: $677,859
  • Gross Operating Income: $1,055,018
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 712 E Walnut St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 30
  • Parcel Number: 5723013069
Location / Neighborhood
Location Information
  • Directions: The property is located west of North Lake Avenue, north of Colorado Boulevard and south of the 210 Freeway on the southwest corner of East Walnut Street and North Oak Knoll Avenue.
View more facts & features

Local Pasadena Agent

Sale History for 712 E Walnut St

Last sold for $17,212,500 on December 4th, 2020

  • April, 2021

  • Apr 30, 2021

    Date

    Expired

    CRMLS: AR21019622

    --

    Price

  • Apr 1, 2021

    Date

    Withdrawn

    CRMLS: AR21019622

    --

    Price

  • Jan 29, 2021

    Date

    Active

    CRMLS: AR21019622

    --

    Price

  • Listing provided courtesy of CRMLS

    Retail space located on the first floor of an apartment building. Perfect for salon, office use Heavy food traffic, great store frontage. Features: Reception, security room, private restroom, 7 individual rooms with sinks.

  • December, 2020

  • Dec 4, 2020

    Date

    Sold (Public Records)

    Public Records

    $17,212,500

    Price

  • December, 2020

  • Dec 3, 2020

    Date

    Sold

    CRMLS: 20609264

    $17,212,500

    Price

  • Oct 9, 2020

    Date

    Pending

    CRMLS: 20609264

    $17,450,000

    Price

  • Sep 18, 2020

    Date

    Active Under Contract

    CRMLS: 20609264

    $17,450,000

    Price

  • Jul 25, 2020

    Date

    Active

    CRMLS: 20609264

    $17,450,000

    Price

  • June, 2019

  • Jun 26, 2019

    Date

    Expired

    CRMLS: 219005313

    $3,250

    Price

  • May 4, 2019

    Date

    Active

    CRMLS: 219005313

    $3,250

    Price

  • Listing provided courtesy of CRMLS

    It's a lovely 2 Bedroom, 2 Bathroom in the heartbeat of Old Town Pasadena. Unit features Quartz counters, hardwood style flooring, stainless steel appliances, custom cabinetry, balconies and additional upgrades! This unit resides in a great location with easy access to Downtown L.A., public transportation and the endless options of the local lifestyle from the street that leads you home.

  • October, 2017

  • Oct 24, 2017

    Date

    Sold (Public Records)

    Public Records

    $14,000,000

    Price

Show More

Tax History for 712 E Walnut St

Assessed Value (2020): $14,615,600
Year Land Value Improved Value Assessed Value
2020 $8,323,200 $6,292,400 $14,615,600

Home Value Compared to the Market

This property vs the competition

712 E Walnut St sold on December 3, 2020 for 1354.17% higher than the current median sold price for the city of Pasadena which is $1,200,000.

About 712 E Walnut St

Detailed summary of property

712 E Walnut St is a multi family that recently sold in Pasadena, CA 91101. This multi family property offered 63 bedrooms, 56 bathrooms, roughly -- living square feet, and sits on an approximately 15,482 square foot lot. 712 E Walnut St was first listed on ArdentRealEstateGroup.com on July 25, 2020. The homeowner sold the property for $17,212,500. Home 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 1354.17% higher than the current median priced home. While the average home in Pasadena, CA is selling in 56 days, 712 E Walnut St has a days on market of 75 days. There are currently 335 homes for sale in the Pasadena real estate market and 179 of them are single family homes while 119 of them are condos and 37 are townhomes. For more information on this home for sale at 712 E Walnut St Pasadena, CA 91101 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 712 E Walnut St

Public county record property details
Beds
--
Baths
--
Year built
2004
Sq. Ft.
35,093
Lot Size
15,481
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5723-013-069

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
$819,900
Median List Price/Sq.Ft.
$728
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$798
Total Inventory
59
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%)

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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