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757 N El Molino Ave, Pasadena, CA 91104
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757 N El Molino Ave Pasadena, CA 91104

$1,965,000 Sold Price as of 06/22/2023
  • 8 Beds
  • 4 Baths
  • 2,852 Sq.Ft.
Sold
$1,965,000 Sold Price as of 06/22/2023 Refinance Your Mortgage
Map preview of 757 N El Molino Ave, Pasadena, CA 91104

Property Overview: 757 N El Molino Ave Pasadena, CA has 8 bedrooms, 4 bathrooms, 2,852 living square feet and 9,507 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: An excellent 4-plex with three Spanish bungalows and one craftsman home, all 2 Beds + 1 bath and with great current actual rents. A few year ago Each home was completely remodeled including all new kitchens & appliances, recessed lighting, new plumbing, new electrical, central A/C and heat, bolted foundations, washer/dryers in units and two with tankless water heaters. The remodeling took time, was done with permits and care was given to the details so as to preserve the original character and charm of these homes. Situated on a spacious lot, there is on-site gated parking ( total 6 parking space), outdoor yard space, drought tolerant landscaping with drip irrigation. All units have in-unit washer and dryers! A fourplex in a strong location, with an attractive Cap rate is not common, so this investment opportunity should not be missed. There is still upside on the rent! PLEASE DO NOT GO ONTO PROPERTY OR DISTURB TENANTS.

Listed by LINA ZHANG | BRE #01188114 | RE/MAX PREMIER/SANMARINO
Co-listed by Xiao Cash Li | BRE #01385377 | SoCal Premier Properties
Last checked: 3 minutes ago | Last updated: June 23rd, 2023 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
9,507
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
WS23064306
City
Pasadena
County
Los Angeles
Time on Site
391 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,376
  • Total Rent: $28,512
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,889
  • Total Rent: $34,668
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $26,400
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $25,800
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $115,380
  • Net Operating Income: $107,756
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,624
  • Electric: $0
  • Trash: $0
  • Gardener: $1,800
  • Insurance: $2,800
  • Water/Sewer: $3,024

Property Details for 757 N El Molino Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Garden
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5731008042
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: N/Orange Grove Bl. W/Lake
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Pasadena Agent

Sale History for 757 N El Molino Ave

Last sold for $1,965,000 on June 22nd, 2023

  • June, 2023

  • Jun 22, 2023

    Date

    Sold

    CRMLS: WS23064306

    $1,965,000

    Price

  • Apr 17, 2023

    Date

    Active

    CRMLS: WS23064306

    $1,990,000

    Price

  • April, 2023

  • Apr 16, 2023

    Date

    Canceled

    CRMLS: AR22245456

    $2,030,000

    Price

  • Nov 21, 2022

    Date

    Active

    CRMLS: AR22245456

    $2,050,000

    Price

  • Listing provided courtesy of CRMLS

    An excellent 4-plex with three Spanish bungalows and one craftsman home, all 2 Beds + 1 bath and with great current actual rents. Each home was completely remodeled including all new kitchens & appliances, recessed lighting, new plumbing, new electrical, central A/C and heat, bolted foundations, washer/dryers in units and two with tankless water heaters. The remodeling took time, was done with permits and care was given to the details so as to preserve the original character and charm of these homes. Situated on a spacious lot, there is on-site gated parking, outdoor yard space, drought tolerant landscaping with drip irrigation. All units have in-unit washer and dryers! A fourplex in a strong location, with an attractive Cap rate is not common, so this investment opportunity should not be missed. There is still a lot of upside on the rent! currently below market rent! PLEASE DO NOT GO ONTO PROPERTY OR DISTURB TENANTS. Accept part RMB

  • March, 2022

  • Mar 29, 2022

    Date

    Hold

    CRMLS: AR22049575

    $2,190,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present an excellent 4-plex with three Spanish bungalows and one craftsman home, all 2 Beds + 1 bath and with great current actual rents. Each home was completely remodeled including all new kitchens & appliances, recessed lighting, new plumbing, new electrical, central A/C and heat, bolted foundations, washer/dryers in units and two with tankless water heaters. The remodeling took time, was done with permits and care was given to the details so as to preserve the original character and charm of these homes. Situated on a spacious lot, there is on-site gated parking, outdoor yard space, drought tolerant landscaping with drip irrigation. All units have in-unit washer and dryers! A fourplex in a strong location, with an attractive Cap rate is not common, so this investment opportunity should not be missed. There is still a lot of upside on the rent! currently below market rent! PLEASE DO NOT GO ONTO PROPERTY OR DISTURB TENANTS.

  • June, 2020

  • Jun 3, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,570,000

    Price

  • April, 2020

  • Apr 16, 2020

    Date

    Canceled

    CRMLS: 20560870

    $1,578,000

    Price

  • Apr 2, 2020

    Date

    Active

    CRMLS: 20560870

    $1,578,000

    Price

  • Mar 12, 2020

    Date

    Active Under Contract

    CRMLS: 20560870

    $1,578,000

    Price

  • Mar 5, 2020

    Date

    Active

    CRMLS: 20560870

    $1,578,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present an excellent fourplex with three spanish bungalows and one craftsman home, all 2 Bed + 1 bath and with great current actual rents. Each home was completely remodeled including all new kitchens & appliances, recessed lighting, new plumbing, new electrical, central A/C and heat, bolted foundations, washer/dryers in units and two with tankless water heaters. The remodeling took time, was done with permits and care was given to the details so as to preserve the original character and charm of these homes. Situated on a spacious lot, there is on-site gated parking, outdoor yard space, drought tolerant landscaping with drip irrigation. A fourplex in a strong location, with an attractive Cap rate is not common, so this investment opportunity should not be missed. PLEASE DO NOT GO ONTO PROPERTY OR DISTURB TENANTS.

  • July, 2017

  • Jul 28, 2017

    Date

    Leased

    CRMLS: AR17115397

    $1,900

    Price

  • Jun 21, 2017

    Date

    Price Change

    CRMLS: AR17115397

    $2,000

    Price

  • May 24, 2017

    Date

    Active

    CRMLS: AR17115397

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    Stunning and meticulously remodeled bungalow ready for immediate move-in. Come enjoy a completely restored detached single family home quietly nestled on an oversized lot with only 4 units total. Each home just finished an extensive and complete restoration making them practically brand new. You will enjoy all the modern conveniences expected in high-end, newer housing yet treasure the charm and character of the home's original construction. It is truly the best of both worlds. This spacious 2 bedroom, 1 bath unit has new quartz countertops, new kitchen cabinets, new stainless appliances, period remodeled bathroom tile, ceramic floors, washer/dryer in unit and new windows plumbing/electrical/walls/etc. Boasting tons of charm accenting the original architecture, the entire property has been professionally re-designed from the complete exterior landscape to last tile stylish door handle in the bathroom. Located in the middle of Orange Heights and historic Bungalow Heaven in Pasadena, the property is on El Molino Avenue just north of historic Orange Grove Boulevard. Your new home will be only minutes to the 210 freeway, 134 freeway, Rose Bowl, PCC, JPL, Cal Tech plus all the great shopping, dining and amenities in Old Town Pasadena.

  • July, 2017

  • Jul 11, 2017

    Date

    Leased

    CRMLS: AR17115635

    $2,000

    Price

  • Jun 21, 2017

    Date

    Price Change

    CRMLS: AR17115635

    $2,000

    Price

  • May 24, 2017

    Date

    Active

    CRMLS: AR17115635

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    Stunning and meticulously remodeled bungalow ready for immediate move-in. Come enjoy a completely restored detached single family home quietly nestled on an oversized lot with only 4 units total. Each home just finished an extensive and complete restoration making them practically brand new. You will enjoy all the modern conveniences expected in high-end, newer housing yet treasure the charm and character of the home's original construction. It is truly the best of both worlds. This spacious 2 bedroom, 1 bath unit has new quartz countertops, new kitchen cabinets, new stainless appliances, period remodeled bathroom tile, ceramic floors, washer/dryer in unit and new windows plumbing/electrical/walls/etc. Boasting tons of charm accenting the original architecture, the entire property has been professionally re-designed from the complete exterior landscape to last tile stylish door handle in the bathroom. Located in the middle of Orange Heights and historic Bungalow Heaven in Pasadena, the property is on El Molino Avenue just north of historic Orange Grove Boulevard. Your new home will be only minutes to the 210 freeway, 134 freeway, Rose Bowl, PCC, JPL, Cal Tech plus all the great shopping, dining and amenities in Old Town Pasadena.

  • July, 2017

  • Jul 11, 2017

    Date

    Leased

    CRMLS: AR17115419

    $2,000

    Price

  • Jun 21, 2017

    Date

    Price Change

    CRMLS: AR17115419

    $2,000

    Price

  • May 24, 2017

    Date

    Active

    CRMLS: AR17115419

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    Stunning and meticulously remodeled bungalow ready for immediate move-in. Come enjoy a completely restored detached single family home quietly nestled on an oversized lot with only 4 units total. Each home just finished an extensive and complete restoration making them practically brand new. You will enjoy all the modern conveniences expected in high-end, newer housing yet treasure the charm and character of the home's original construction. It is truly the best of both worlds. This spacious 2 bedroom, 1 bath unit has new quartz countertops, new kitchen cabinets, new stainless appliances, period remodeled bathroom tile, ceramic floors, washer/dryer in unit and new windows plumbing/electrical/walls/etc. Boasting tons of charm accenting the original architecture, the entire property has been professionally re-designed from the complete exterior landscape to last tile stylish door handle in the bathroom. Located in the middle of Orange Heights and historic Bungalow Heaven in Pasadena, the property is on El Molino Avenue just north of historic Orange Grove Boulevard. Your new home will be only minutes to the 210 freeway, 134 freeway, Rose Bowl, PCC, JPL, Cal Tech plus all the great shopping, dining and amenities in Old Town Pasadena.

  • December, 2015

  • Dec 17, 2015

    Date

    Sold (Public Records)

    Public Records

    $804,000

    Price

Show More

Tax History for 757 N El Molino Ave

Assessed Value (2020): $885,130
Year Land Value Improved Value Assessed Value
2020 $649,458 $235,672 $885,130

Home Value Compared to the Market

This property vs the competition

757 N El Molino Ave sold on June 22, 2023 for 52.49% higher than the current median sold price for the city of Pasadena which is $1,305,000. The median sold price per/sqft for Pasadena is $844 and this home is sold at $697.76 per/sqft which puts the price per square foot 17.33% lower than the current median sale per square foot for the city of Pasadena.

About 757 N El Molino Ave

Detailed summary of property

757 N El Molino Ave is a apartment that recently sold in Pasadena, CA 91104. This apartment offered 8 bedrooms, 4 bathrooms, roughly 2,852 living square feet, and sits on an approximately 9,507 square foot lot. 757 N El Molino Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,965,000. Home in Pasadena are selling for a median price of $1,305,000 and a median price per square foot of $844. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 52.49% higher than the current median priced home. Local homes that are currently for sale include 2618 Carleton Ave, 3020 Baldwin St and 2119 N Broadway. While the average home in Pasadena, CA is selling in 55 days, 757 N El Molino Ave has a days on market of 41 days. There are currently 308 homes for sale in the Pasadena real estate market and 178 of them are single family homes while 103 of them are condos and 27 are townhomes. For more information on this home for sale at 757 N El Molino 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 757 N El Molino Ave

Public county record property details
Beds
8
Baths
4
Year built
1928
Sq. Ft.
2,852
Lot Size
9,668
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,4
APN
5731-008-042

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
$1,119,000
Median Sold Price/Sq.Ft.
$1,066
Total Inventory
27
Median Sale to List Price %
101.73%
Avg Days on Market
18
Loan Type
Conventional (30%), FHA (0%), VA (0%), Cash (20%), Other (40%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 757 N El Molino Ave

621 E Orange Grove Blvd, Pasadena, CA 91104
$880,000 Last Sold Price
10 Beds
4 Baths
1860 Sq.Ft.
621 E Orange Grove Blvd
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$2,050,000 Last Sold Price
8 Beds
8 Baths
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727 E Orange Grove Blvd
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642 N El Molino Ave, Pasadena, CA 91101
$1,299,999 Last Sold Price
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3 Baths
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642 N El Molino Ave
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731 N Madison Ave, Pasadena, CA 91104
$1,020,000 Last Sold Price
2934 Beds
2199 Baths
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731 N Madison Ave
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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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