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$2,500,000
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Property Description
5% CAP RATE ON CURRENT RENTS! Presenting an excellent opportunity to purchase an 8 unit multi-family apartment property with very desirable qualities, good in place rents with room for future growth. At close 900 SF each these spacious units are all 2 bedroom + 1 bath and feature W/D hookups inside, front patios acting an extension of the living space and are separately metered for gas and electricity. The two single-story buildings have pitched roofs, require NO soft-story retrofitting and are situated on a oversized, corner lot that is nearly 20,000 SF with carport parking in the rear. This property is part of Pasadena city rent control laws. Please do not go on the property and disturb any tenants. Drive by only. Offers subject to inspection.
Full Property Details
Full Property Details for 1434 El Sereno Ave
General
- Sold For: $2,500,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 24-399645
- Added to Site: 627 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 16
Other Rooms
- Laundry: In Unit
Additional Information
- Pool Description: None
- Other Features: None
Parking
- Garage Description: Carport
Location
- Area: Pasadena NW
- County: Los Angeles
- Driving Directions: West on W. Washington Blvd, North on El Sereno Ave
Heating & Cooling
- Cooling Type: Window Unit(s), Wall/Window
- Heating Type: Wall
Structural Information
- # Buildings: 2
- Roof: Shingle
- Stories/Levels: 1
- Square Feet: 7,168
- Sq. Ft. Source: Assessor
- Year Built: 1953
- Year Built Source: Assessor
Unit Information
- Units in Complex: 8
- Unit Type: 2106
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.4582
- Lot Size: 19959
- Lot Size Source: Assessor
- Zoning: PSR1
Financial Considerations
- Price Per Sq. Ft.: $348.63
- Assessment Year: 1953
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5728-015-051
Listed by Realty Investment Advisors, Inc., Alexander Metaxas
Sold by Seven Gables Real Estate, Jason Anderson
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Schools
Schools serving 1434 El Sereno Ave
School District:Pasadena Unified School District
| Name | Grades | Distance |
|---|---|---|
Washington Accelerated Elementary School 1520 North Raymond Avenue, Pasadena, CA 91103 | K-5 | 0.2 mi |
Octavia E. Butler Magnet School 1505 North Marengo Avenue, Pasadena, CA 91103 | 6-8 | 0.3 mi |
John Muir High School 1905 N. Lincoln Ave., Pasadena, CA 91103 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1434 El Sereno Ave
Date
Details
Price
Change
Source
7/01/2024
Sold
$2,500,000
0.04%
MLS
6/03/2024
Listed
$2,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1434 El Sereno Ave, Pasadena, CA 91103 (MLS# 24-399645) is a Multi-Family property that was sold at $2,500,000 on July 01, 2024. Want to learn more about 1434 El Sereno Ave? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.

