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923 E Mountain St, Pasadena, CA 91104
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923 E Mountain St Pasadena, CA 91104

$3,250,000 Sold Price as of 12/31/2020
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$3,250,000 Sold Price as of 12/31/2020 Refinance Your Mortgage
Map preview of 923 E Mountain St, Pasadena, CA 91104

Property Overview: 923 E Mountain St Pasadena, CA has -- bedrooms, -- bathrooms, -- living square feet and 27,487 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Exceptional value-add property, home to the iconic Roma Market! This property has excellent street visibility & sits on the signalized corner of N Lake Ave. & E Mountain St., featuring parking lot access from both streets. The property consists of seven units, 5 of which are retail spaces, plus 2 apartments, both 1 bedroom 1 bath. The 5 retail spaces total 7,875 Sq.Ft. & the 2 residential spaces total 1,229 Sq.Ft for a total of 9,104 Sq.Ft. It sits on a total of 3 lots, totaling 27,487 Sq.Ft. The retail tenants are all long-term tenants with commercial leases expiring in 2021, 2022 and 2023, & the residential leases are month to month. All commercial leases are AIR Commercial Leases, Multi-tenant, Lease-gross. The buildings were built in 1964 & 1968, and are in good condition. They can easily be improved with exterior paint, landscaping & other exterior improvements. Tenants pay for gas & electric. **Property consists of 3 APNs. See attached marketing package.

Listed by Maren Impala | BRE #02094135 | Siemienowski & Associates
Co-listed by Joseph Siemienowski | BRE #00831832 | Siemienowski & Associates
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 24

Home details

Lot Sq. Ft
27,487
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
200049451
City
Pasadena
County
Los Angeles
Time on Site
1298 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.13%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $226,339
  • Net Operating Income: $118,801
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $100,316
  • Insurance: $5,879

Property Details for 923 E Mountain St

Lot Details / Garage and Parking
Property Information
  • Total # of Units: 7
  • Parcel Number: 5740016030
Location / Neighborhood
Location Information
  • Directions: exit Lake Ave from I-210 freeway
View more facts & features

Local Pasadena Agent

Sale History for 923 E Mountain St

Last sold for $3,250,000 on December 31st, 2020

  • January, 2021

  • Jan 5, 2021

    Date

    Leased

    CRMLS: 200049885

    $3,250,000

    Price

  • Nov 16, 2020

    Date

    Pending

    CRMLS: 200049885

    $3,795,000

    Price

  • Oct 27, 2020

    Date

    Active

    CRMLS: 200049885

    $3,795,000

    Price

  • Listing provided courtesy of CRMLS

  • January, 2021

  • Jan 5, 2021

    Date

    Sold

    CRMLS: 200049451

    $3,250,000

    Price

  • Nov 16, 2020

    Date

    Pending

    CRMLS: 200049451

    $3,795,000

    Price

  • Oct 22, 2020

    Date

    Active

    CRMLS: 200049451

    $3,795,000

    Price

  • January, 2021

  • Jan 4, 2021

    Date

    Sold

    CRMLS: 200049876

    $3,250,000

    Price

  • Nov 16, 2020

    Date

    Pending

    CRMLS: 200049876

    $3,795,000

    Price

  • Oct 26, 2020

    Date

    Active

    CRMLS: 200049876

    $3,795,000

    Price

  • Listing provided courtesy of CRMLS

    2, 1-bedroom 1-bath apartments and 5 retail spaces. Exceptional value-add property. The 2 residential spaces total 1,229 Sq.Ft., and the 5 retail spaces total 7875 Sq.Ft. The buildings sit on a total of 3 lots totaling 27,487 SqFt. Residential leases are month to month. Retail tenants are all long-term tenants with commercial leases expiring in 2021, 2022 & 2023. **Property consists of 3 APNs **See marketing package attached. Cooling: Swamp Cooler(s) Other Fees: 0 Unit # for Unit 1: 201 Unit # for Unit 2: 202 Unit # for Unit 3: 5 C Number of Furnished Units: 0

  • December, 2020

  • Dec 31, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,250,000

    Price

  • February, 2019

  • Feb 25, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 923 E Mountain St

Assessed Value (2020): $37,047
Year Land Value Improved Value Assessed Value
2020 $17,904 $19,143 $37,047

Home Value Compared to the Market

This property vs the competition

923 E Mountain St sold on December 31, 2020 for 203.6% higher than the current median sold price for the city of Pasadena which is $1,250,000.

About 923 E Mountain St

Detailed summary of property

923 E Mountain St is a mixed use that recently sold in Pasadena, CA 91104. This mixed use property offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 27,487 square foot lot. 923 E Mountain St was first listed on ArdentRealEstateGroup.com on October 22, 2020. The homeowner sold the property for $3,250,000. 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 203.6% higher than the current median priced home. Local homes that are currently for sale include 6738 Greenleaf Ave, 1229 S Kingsley Dr and 5975 S Broadway. While the average home in Pasadena, CA is selling in 57 days, 923 E Mountain St has a days on market of 24 days. There are currently 258 homes for sale in the Pasadena real estate market and 155 of them are single family homes while 75 of them are condos and 28 are townhomes. For more information on this home for sale at 923 E Mountain St Pasadena, CA 91104 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 923 E Mountain St

Public county record property details
Beds
--
Baths
--
Year built
1980
Sq. Ft.
4,500
Lot Size
4,498
Stories
--
Type
Parking Lot
Pool
No
Spa
No
County
Los Angeles
Lot#
1,23-24
APN
5740-016-030

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.
$926
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$849
Total Inventory
24
Median Sale to List Price %
120.12%
Avg Days on Market
20
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (30%), Other (30%)

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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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