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72 El Nido Ave, Pasadena, CA 91107
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72 El Nido Ave Pasadena, CA 91107

$1,550,000 Sold Price as of 08/10/2023
  • 6 Beds
  • 5.5 Baths
  • 4,914 Sq.Ft.
Sold
$1,550,000 Sold Price as of 08/10/2023 Refinance Your Mortgage
Map preview of 72 El Nido Ave, Pasadena, CA 91107

Property Overview: 72 El Nido Ave Pasadena, CA has 6 bedrooms, 5.5 bathrooms, 4,914 living square feet and 15,990 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Discover a hidden gem in the heart of Southwest Pasadena with a house and 4-unit (5 units total) all single-story apartment complex. Nestled in a quiet residential area, this property boasts a spacious 3-bed, 2.5-bath house, one studio, and three 1-bed, 1-bath units on a generous 15,990 sq ft RM32 lot. The possibilities are endless with this unique and exciting investment opportunity. This property is zoned RM32 for possible development of an 8-9 unit project, and there is potential to convert the six single car garages to two ADUs. It's perfect for owner occupancy, where you can enjoy the beauty of the 3-bed, 2.5-bath house and earn additional income from the other 4 units. Conveniently located with easy freeway access and just minutes from Old Town, this property is highly desirable and in-demand for renters. It's also situated within a short distance from Pasadena City College, Cal Tech, The Rose Bowl, and the Rose Parade Route. Plus, you'll have easy access to all the fine restaurants on Colorado Boulevard. Whether you're looking to invest, develop, or live in this hidden gem, this property has limitless potential. Don't miss out on this rare opportunity to own a piece of Southwest Pasadena's best-kept secret.

Listed by Matt Cuong Ly | BRE #01441481 | Coldwell Banker Realty
Last checked: 7 minutes ago | Last updated: August 11th, 2023 | Source CRMLS | DOM: 24

Home details

Lot Sq. Ft
15,990
HOA Dues
$0/mo
Year built
1937
Garage
6 Car
Property Type:
Apartment
Status
Sold
MLS#
AR23078409
City
Pasadena
County
Los Angeles
Time on Site
349 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,260
  • Total Rent: $2,260
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,030
  • Total Rent: $1,030
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $990
  • Total Rent: $990
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,090
  • Total Rent: $1,030
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.08%
  • Gross Rent Multiplier: 21.18
  • Gross Scheduled Income: $80,040
  • Net Operating Income: $35,211
  • Gross Operating Income: $77,639
  • Vacancy Allowance: $2,401
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $42,428
  • Gas/Fuel: $0
  • New Taxes: $21,188
  • Trash: $3,357
  • Gardener: $1,420
  • Insurance: $5,106
  • Maintenance: $7,000
  • Professional Management: $0
  • Water/Sewer: $3,357
  • Other Expenses: $1,000

Property Details for 72 El Nido Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 5754006017
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Colorado Blvd. & El Nido Ave.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Pasadena Agent

Sale History for 72 El Nido Ave

Last sold for $1,550,000 on August 10th, 2023

  • August, 2023

  • Aug 10, 2023

    Date

    Sold

    CRMLS: AR23083355

    $1,550,000

    Price

  • May 15, 2023

    Date

    Active

    CRMLS: AR23083355

    $1,695,000

    Price

  • Listing provided courtesy of CRMLS

  • August, 2023

  • Aug 10, 2023

    Date

    Sold

    CRMLS: AR23078409

    $1,550,000

    Price

  • May 15, 2023

    Date

    Active

    CRMLS: AR23078409

    $1,695,000

    Price

  • April, 2013

  • Apr 1, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2013

  • Jan 18, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 72 El Nido Ave

Assessed Value (2020): $716,619
Year Land Value Improved Value Assessed Value
2020 $546,726 $169,893 $716,619

Home Value Compared to the Market

This property vs the competition

72 El Nido Ave sold on August 10, 2023 for 35.6% 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 $344.93 per/sqft which puts the price per square foot 54.79% lower than the current median sale per square foot for the city of Pasadena.

About 72 El Nido Ave

Detailed summary of property

72 El Nido Ave is a apartment that recently sold in Pasadena, CA 91107. This apartment offered 6 bedrooms, 5.5 bathrooms, roughly 4,914 living square feet, and sits on an approximately 15,990 square foot lot. 72 El Nido Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,550,000. 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 35.6% higher than the current median priced home. Local homes that are currently for sale include 3501 Lifur Ave, 5506 Valley Blvd and 5938 E Echo St. While the average home in Pasadena, CA is selling in 51 days, 72 El Nido Ave has a days on market of 24 days. There are currently 278 homes for sale in the Pasadena real estate market and 169 of them are single family homes while 83 of them are condos and 26 are townhomes. For more information on this home for sale at 72 El Nido Ave Pasadena, CA 91107 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 72 El Nido Ave

Public county record property details
Beds
--
Baths
--
Year built
1937
Sq. Ft.
4,914
Lot Size
15,989
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5754-006-017

The source for these homes facts are from public records.

91107 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,250,000
Median List Price/Sq.Ft.
$773
Median Sold Price
$1,381,500
Median Sold Price/Sq.Ft.
$734
Total Inventory
64
Median Sale to List Price %
115.32%
Avg Days on Market
37
Loan Type
Conventional (56.25%), FHA (0%), VA (0%), Cash (18.75%), Other (18.75%)

Thinking of Selling?

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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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