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727 E Orange Grove Blvd, Pasadena, CA 91104
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727 E Orange Grove Blvd Pasadena, CA 91104

$2,050,000 Sold Price as of 11/25/2019
  • 8 Beds
  • 8 Baths
  • 4,381 Sq.Ft.
Sold
$2,050,000 Sold Price as of 11/25/2019 Refinance Your Mortgage
Map preview of 727 E Orange Grove Blvd, Pasadena, CA 91104

Property Overview: 727 E Orange Grove Blvd Pasadena, CA has 8 bedrooms, 8 bathrooms, 4,381 living square feet and 16,570 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Coldwell Banker is pleased to present a turnkey 7 unit single story apartment located at 727 E. Orange Grove Blvd., Pasadena, CA with great current cashflow. This seven unit property consists of 6 - 1 bedroom/1 bathroom (each approximately 600 sf) and 1 – 2 bedroom/1.75 bathroom (approximately 800 sf) on a huge 16,570 sq ft lot. All kitchens have been updated with granite countertops, wood cabinets, sinks and faucets. While seven of the eight bathrooms have been updated with vanity, toilet and flooring. All units have hardwood floors except one with laminate flooring. All units have individual electric and gas meters along with individual water heaters. There are 7 covered parking spaces. This well maintained property also has a beautifully private landscaped courtyard that is located within walking distance to shops and restaurants, as well as public transportation. This high rental demand 7 unit apartment is a great opportunity for any investor looking for a great current cashflow along with ease of a 15% rental upside with minimal turnaround time. In addition, the sellers might consider seller financing with 50% down payment for a strong credit worthy buyer. Pasadena is the ninth largest city in Los Angeles County and is known for high rental demand where tenants can live, work and play locally. The city of Pasadena is also highly recognized for its centralized location, public transportation, and with popular local attractions

Listed by Matt Cuong Ly | BRE #01441481 | Coldwell Banker Arcadia
Last checked: 37 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 56

Home details

Lot Sq. Ft
16,570
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
AR19207662
City
Pasadena
County
Los Angeles
Time on Site
1442 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
  • # of Leased Units: 6
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $3,300
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,975
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.83%
  • Gross Rent Multiplier: 16.52
  • Gross Scheduled Income: $132,830
  • Net Operating Income: $84,168
  • Gross Operating Income: $128,865
  • Vacancy Allowance: $3,965
  • Laundry Income: $650
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $44,697
  • Electric: $0
  • Gas/Fuel: $96
  • New Taxes: $27,438
  • Trash: $2,500
  • Gardener: $1,320
  • Insurance: $2,400
  • Maintenance: $7,000
  • Professional Management: $0
  • Water/Sewer: $2,543
  • Other Expenses: $1,400
  • Other Expense Description: reserves

Property Details for 727 E Orange Grove Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 5731010036
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Lake Ave. & Orange Grove
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Pasadena Agent

Sale History for 727 E Orange Grove Blvd

Last sold for $2,050,000 on November 25th, 2019

  • November, 2019

  • Nov 26, 2019

    Date

    Sold

    CRMLS: AR19207662

    $2,050,000

    Price

  • Nov 9, 2019

    Date

    Pending

    CRMLS: AR19207662

    $2,195,000

    Price

  • Sep 6, 2019

    Date

    Active

    CRMLS: AR19207662

    $2,195,000

    Price

  • November, 2019

  • Nov 25, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,050,000

    Price

  • March, 2019

  • Mar 11, 2019

    Date

    Expired

    CRMLS: P0-818005494

    $2,349,000

    Price

  • Jan 26, 2019

    Date

    Withdrawn

    CRMLS: P0-818005494

    $2,349,000

    Price

  • Nov 11, 2018

    Date

    Active

    CRMLS: P0-818005494

    $2,349,000

    Price

  • Listing provided courtesy of CRMLS

    Outstanding opportunity to purchase a high-income, low maintenance property in the heart of Pasadena. This immaculate single story 7-unit property includes six 1-bedroom/1 bath apartments (each approximately 600 sf) and one 2-bedroom/2 bath apartment (approximately 800 sf), separate laundry room, 7 covered parking spaces with ample individual storage, and 4 additional parking spaces for resident cars and guests. The apartments are surrounded by lovely and low maintenance landscaping, all on a generous 16,570 square foot lot. Each unit has been upgraded with new kitchens featuring wood cabinets, granite countertops, and stainless sinks. Several baths have been upgraded with tile, and newer toilets and vanities. Six units have hardwood floors, one unit has laminate wood-look flooring. This beautifully maintained property is located on east Orange Grove Blvd. just west of Lake Ave., close to shops and restaurants, as well as public transportation. Excellent upside rent potential.

  • August, 2013

  • Aug 26, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,217,512

    Price

Show More

Tax History for 727 E Orange Grove Blvd

Assessed Value (2020): $2,050,000
Year Land Value Improved Value Assessed Value
2020 $1,230,000 $820,000 $2,050,000

Home Value Compared to the Market

This property vs the competition

727 E Orange Grove Blvd sold on November 25, 2019 for 80.66% higher than the current median sold price for the city of Pasadena which is $1,215,000. The median sold price per/sqft for Pasadena is $804 and this home is sold at $501.03 per/sqft which puts the price per square foot 37.68% lower than the current median sale per square foot for the city of Pasadena.

About 727 E Orange Grove Blvd

Detailed summary of property

727 E Orange Grove Blvd is a multi family that recently sold in Pasadena, CA 91104. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 4,381 living square feet, and sits on an approximately 16,570 square foot lot. 727 E Orange Grove Blvd was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,050,000. Home in Pasadena are selling for a median price of $1,215,000 and a median price per square foot of $804. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 80.66% higher than the current median priced home. Local homes that are currently for sale include 3121 Silver Lake Blvd, 2641 Riverside Terrace and 2626 Corralitas Dr. While the average home in Pasadena, CA is selling in 53 days, 727 E Orange Grove Blvd has a days on market of 56 days. There are currently 299 homes for sale in the Pasadena real estate market and 170 of them are single family homes while 103 of them are condos and 26 are townhomes. For more information on this home for sale at 727 E Orange Grove Blvd Pasadena, CA 91104 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 727 E Orange Grove Blvd

Public county record property details
Beds
8
Baths
9
Year built
1949
Sq. Ft.
4,381
Lot Size
16,576
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
5731-010-036

The source for these homes facts are from public records.

91104 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,256,000
Median List Price/Sq.Ft.
$819
Median Sold Price
$1,310,000
Median Sold Price/Sq.Ft.
$988
Total Inventory
27
Median Sale to List Price %
109.17%
Avg Days on Market
15
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (66.67%), Other (11.11%)

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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