790 E Orange Grove Blvd, Pasadena, CA 91104

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790 E Orange Grove Blvd Pasadena, CA 91104

$1,400,000 Sold Price as of 04/10/2023

7 Beds
5 Baths
2,894 Sq.Ft.

Sold

$1,400,000 Sold Price as of 04/10/2023 Refinance Your Mortgage

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Map preview of 790 E Orange Grove Blvd, Pasadena, CA 91104

Property Overview: 790 E Orange Grove Blvd Pasadena, CA has 7 bedrooms, 5 bathrooms, 2,894 living square feet and 9,533 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BOM! This rare opportunity offers 100% vacancy in the five units located in desirable Pasadena. Set on a sizable 9,533 SF lot, it presents investors with tremendous potential and an advantageous outcome; a 7.2% cap rate and 10.5 GRM expected following renovations. All of the units are dazzling bungalow styles, composed of two duplexes - one at the front, one at the back - and a standalone house in between them. There are preliminary plans to add either an attached ADU to the front garages or two detached ADUs in the rear for increased value. Its prime location puts investors only minutes away from notable shops and eateries in Old Town Pasadena, Rose Bowl Stadium and Cal-Tech. Ready for those that crave to bring their own creative vision; additionally, each unit is metered separately for gas and electricity.

Listed by Julio Ruiz | BRE #01911261 | Global Platinum Properties, Inc.
Co-listed by Armin Soleimani | BRE #01846872 | Global Platinum Properties, Inc.

Last checked: 9 minutes ago | Last updated: April 11th, 2023 | Source CRMLS | DOM: 82

Home details

Lot Sq. Ft: 9,533
HOA Dues: $0/mo
Year built: 1923
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 23229295
City: Pasadena
County: Los Angeles
Time on Site: 624 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 3

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,395
Total Rent: $0
Pro Forma/Market Rent: $2,395

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,645
Total Rent: $0
Pro Forma/Market Rent: $2,645

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $3,245
Total Rent: $0
Pro Forma/Market Rent: $3,245

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,995
Total Rent: $0
Pro Forma/Market Rent: $2,995

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,395
Total Rent: $0
Pro Forma/Market Rent: $2,395

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 7.2%
Gross Rent Multiplier: 10.5
Gross Scheduled Income: --
Net Operating Income: $123,766
Gross Operating Income: $159,177

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 790 E Orange Grove Blvd

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s)

Heating Information

Has Heating
Wall Furnace

Lot Details / Garage and Parking

Property Information

Total # of Units: 5
Parcel Number: 5731013004
Architectural Style: Craftsman

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: From Lake, Turn West on Orange Grove.

View more facts & features

Local Pasadena Agent

Sale History for 790 E Orange Grove Blvd

Last sold for $1,400,000 on April 10th, 2023

April, 2023
Apr 10, 2023

Date

Sold

CRMLS: 23229295

$1,400,000

Price
Jan 4, 2023

Date

Active

CRMLS: 23229295

$1,725,000

Price

Tax History for 790 E Orange Grove Blvd

Assessed Value (2020): $385,019

Year	Land Value	Improved Value	Assessed Value
2020	$131,249	$253,770	$385,019

Home Value Compared to the Market

This property vs the competition

790 E Orange Grove Blvd sold on April 10, 2023 for 43.75% higher than the current median sold price for the city of Pasadena which is $1,200,000. The median sold price per/sqft for Pasadena is $781 and this home is sold at $596.06 per/sqft which puts the price per square foot 23.68% lower than the current median sale per square foot for the city of Pasadena.

About 790 E Orange Grove Blvd

Detailed summary of property

790 E Orange Grove Blvd is a multi family that recently sold in Pasadena, CA 91104. This multi family property offered 7 bedrooms, 5 bathrooms, roughly 2,894 living square feet, and sits on an approximately 9,533 square foot lot. 790 E Orange Grove Blvd was first listed on ArdentRealEstateGroup.com on January 4, 2023. The homeowner sold the property for $1,400,000. 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 43.75% higher than the current median priced home. Local homes that are currently for sale include 1853 Sinaloa Ave, 1821 E Woodbury Rd and 292 N Craig Ave. While the average home in Pasadena, CA is selling in 56 days, 790 E Orange Grove Blvd has a days on market of 82 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 790 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 790 E Orange Grove Blvd

Public county record property details

Beds: 8
Baths: 5
Year built: 1923
Sq. Ft.: 2,894
Lot Size: 9,533
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 13
APN: 5731-013-004

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

$1,395,000

Median List Price/Sq.Ft.

$795

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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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.