x
Address
541 S El Molino Avenue Pasadena, CA
Price
$ 7,800,000
Property Attributes
  • MLS#AR19121229
  • TypeIncome
  • CountyLOS ANGELES
  • CityPasadena
  • AreaPasadena
  • Zip91101
  • Style
  • Price$ 7,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage14815
  • Lot Size0.7 Acres
Listing Provided Courtesy Of:
Handoko Chen with GIG Real Estate Inc..
Property Description

A 20-unit apartment investment opportunity located in the highly desirable Playhouse District area of Pasadena, an eclectic cosmopolitan community rich in history and architecture. The property is right in the heart of Pasadena with short walking distance to multiple popular districts such as Old Town Pasadena and Lake Ave Business District. This location in Playhouse District of Pasadena provides a rare opportunity for investor to acquire a value-add apartment in an excellent and highly desirable location in Pasadena sub-market. It is a garden-style apartment community with ±14,815 sqft building size and situated on a large 30,367 sqft R3 lot with an excellent curb-appeal and neatly manicured landscaping. The property consists of 2 parcels (zoned R3), each parcel has a 10-unit apartment. The properties have a shared driveway and shared a laundry room with parking area in the back. There are 17 parking spaces that consist of 14 carports garages in the back and 3 open spaces on its sides. The property does NOT have any tuck-under parking and does NOT require any soft story retrofit. It is individually metered for electricity and gas. The property is in the highly desirable area of Pasadena – more specifically, in the renowned Pasadena Playhouse district situated south of the 210 Freeway. The area has excellent demographics of ±$115,000 average household income within a-mile radius!

Price History
5/24/2019 Listed $7,900,000
7/2/2019 2% - $7,800,000

General Features

Assessments Buyer to Verify
Attached Structure Attached
Community Features Suburban, Valley
Directions 2 blocks east of Lake Ave and south of FWY 210
HOA Fee 0.00
Levels Two
Listagentaor Arcadia
Listing Agent Handoko Chen - BRE#01749321
Listing Agent State License 01749321
MLS Area 647 - Pasadena (SW)
Price Per Square Foot 526.49
Property Attached Y/N Yes
Source System CRMLS
Total Units 20
Zoning PSR3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Cooling Wall/Window Unit(s)
Dishwasher Count 20
Fireplace Features None
Garbage Disposal Count 20
Heating Wall Furnace, Natural Gas
Heating Y/N Yes
Laundry Features Common Area
Laundry Y/N Yes
Number of Wall ACs 20
Range Count 20
Studio Area Unit Type Square Feet
Total Stories 2
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Exterior Features

Special Listing Conditions Standard
Building Area Total 14815.00
Carport Spaces 14.00
Facing Direction East
Garage Spaces 0.00
Lot Features 31-35 Units/Acre, Lot 20000-39999 Sqft
Lot Size Acres 0.6971
Lot Size Area 30367.0000
Lot Size Source Assessor
Lot Size Square Feet 30367.00
Lot Size Units Square Feet
Number of Buildings 6
Number of Separate Electric Meters 21
Number of Separate Gas Meters 21
Number of Separate Water Meters 2
Parking Features Assigned
Parking Y/N Yes
Pool Features None
Sewer Public Sewer
Total Parking 17.00
Uncovered Spaces 3.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91101

Price
AVG $10.14M
$7.8M
Visits
AVG 16
95
Year Built
AVG 1953
1950
Walkscore
AVG 81
76
Data Provided by Walkscore ® not using MLS data

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