735 N Los Robles Ave Pasadena, CA 91104

$2,400,000 Sold Price as of 11/08/2018

5 Beds
6 Baths
3,948 Sq.Ft.

Off Market

$2,400,000 Sold Price as of 11/08/2018 Refinance Your Mortgage

Map preview of 735 N Los Robles Ave, Pasadena, CA 91104

Property Overview: 735 N Los Robles Ave Pasadena, CA has 5 bedrooms, 6 bathrooms, 3,948 living square feet and 12,209 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

735 N Los Robles Ave is currently an off market home in the city of Pasadena. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Pasadena has a median list price of $1,250,000. The median price per/sqft for Pasadena is $756. With those numbers in mind, if you are looking to purchase a median priced home in Pasadena, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Pasadena the commission could be as much as $60,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 735 N Los Robles Ave

Last sold for $2,400,000 on November 8th, 2018

November, 2020
Nov 6, 2020

Date

Expired

CRMLS: P0-820001263

$3,180,000

Price
Jul 10, 2020

Date

Price Change

CRMLS: P0-820001263

$3,180,000

Price
Apr 6, 2020

Date

Active

CRMLS: P0-820001263

$3,300,000

Price
Listing provided courtesy of CRMLS

Located on North Los Robles Avenue in Pasadena, California, this 10-unit apartment complex is a great investment opportunity for a new buyer looking for day one cash flow and the ability to redevelop an existing portion of the property.Currently, the property maintains (7) 1 bed / 1 bath, (2) 2 bed / 1 bath, and (1) 2 bed / 2 bath units offering +/-7,825 of building SF on a +/-25,347 SF lot. With current zoning of RM-32, a new buyer will have the ability to add up to nine units to the investment opportunity.With the asset's location directly across the street from Baja Ranch Market and easy access to Old Town Pasadena, Rose Bowl, The Paseo, Shops on Lake, and 210 Freeway, this asset is strategically located for huge future growth in potential rent.

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November, 2018
Nov 10, 2018

Date

Sold

CRMLS: 18380992

$1,440,000

Price
Oct 19, 2018

Date

Pending

CRMLS: 18380992

$1,500,000

Price
Sep 26, 2018

Date

Active Under Contract

CRMLS: 18380992

$1,500,000

Price
Sep 7, 2018

Date

Active

CRMLS: 18380992

$1,500,000

Price
Listing provided courtesy of CRMLS

Investors/Developers this is one you've been waiting for. This 6-unit building MUST BE SOLD TOGETHER WITH THE ADJACENT 4-UNIT BUILDING at 745 N. Los Robles. Constructed in 1906, the units are primed for a major refurbishment and re-positioning. The "Value Add" component everyone is looking for exists here. Here lies a chance for an investor to put their sills to work, marrying architecture of old with units designed for modern living. Situated on a 12,209 sq ft lot and when combined with next door the lot size grows to over 25,000 sq ft making this a great opportunity to create a stunning new development in and area starved for housing. Located in a nice residential area the property is a mere 5 minutes from Old Town Pasadena. Owner may consider carrying the First TD.

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November, 2018
Nov 8, 2018

Date

Sold (Public Records)

Public Records

$2,400,000

Price

Tax History for 735 N Los Robles Ave

Assessed Value (2020): $1,468,800

Year	Land Value	Improved Value	Assessed Value
2020	$1,101,600	$367,200	$1,468,800

About 735 N Los Robles Ave

Detailed summary of property

735 N Los Robles Ave is categorized with a use code of Apartment House (5+ Units) in Pasadena, CA 91104 and last sold on November 8, 2018 for $2,400,000. This property has 5 bedrooms, 6 bathrooms, roughly 3,948 living square feet, and sits on an approximately 12,209 square foot lot. Homes 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 100% higher than the current median priced home. 735 N Los Robles Ave was last sold on November 8, 2018 for $2,400,000. Local nearby listings include 748 Locust St #502, 125 E Claremont St and 160 S Hudson Avenue #212. The average home in Pasadena, CA is selling in 57 days. There are currently 334 homes for sale in the Pasadena real estate market and 175 of them are single family homes while 122 of them are condos and 37 are townhomes. If you are the homeowner and looking to sell the home at 735 N Los Robles Ave Pasadena, CA 91104 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 735 N Los Robles Ave

Public county record property details

Beds: 5
Baths: 6
Year built: 1906
Sq. Ft.: 3,948
Lot Size: 12,209
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 4
APN: 5725-028-002

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

$1,420,000

Median List Price/Sq.Ft.

$793

Median Sold Price

$1,200,000

Median Sold Price/Sq.Ft.

$915

Total Inventory

Median Sale to List Price %

114.39%

Avg Days on Market

Loan Type

Conventional (42.86%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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