211 South El Molino Avenue
$3,950,000
8
16
9,750
9,750
$405
Sold 10/1/24
Description
Full copper plumbing, redone roof, new carport roof, updated electrical, mini-split & central ac systems, updated drain lines and windows, wood floors and no soft-story retrofit needed! We are pleased to present an outstanding 12-unit property in one of the best rental areas of Pasadena with excellent existing rental income. Madison Heights has a WALKER'S PARADISE score with its close proximity to restaurants, retail and S. Lake Ave. The unit mix consists of four, very large 1 Bed + 1.5 bath units...Full copper plumbing, redone roof, new carport roof, updated electrical, mini-split & central ac systems, updated drain lines and windows, wood floors and no soft-story retrofit needed! We are pleased to present an outstanding 12-unit property in one of the best rental areas of Pasadena with excellent existing rental income. Madison Heights has a WALKER'S PARADISE score with its close proximity to restaurants, retail and S. Lake Ave. The unit mix consists of four, very large 1 Bed + 1.5 bath units and 8 Studio + 1 bath units, providing ease of renting with desirable unit types achieving top market rents. The interiors offer sheik kitchen designs with newer cabinets and countertops, updated bathrooms and showers, wood flooring and stainless steel appliances. There is on-site, carport parking and the property is separately metered for gas and electricity. There is no other Pasadena property with an equally good location with so many major upgrades done, meticulously maintained with over a 5% CAP RATE. Don't miss this rare opportunity. Please do not disturb the tenants.
Property Details for 211 South El Molino Avenue
Zoning
PSR4
Parcel Number5734015020
Total Units12.0
Living Area9750
Source Living AreaVendor Enhanced
AreaPasadena SE (648)
Vacancy Rate0
Lot Size Area12121
LISTING UPDATED: 10/03/2024 12:12 PM
Property Details for 211 South El Molino Avenue
Status | Sold |
---|---|
MLS # | 24-415009 |
Days on Market | 45 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1929 |
Lot Size | 0.28 AC / 12,121 SF |
County | Los Angeles County |
Building Information for 211 South El Molino Avenue
Stories2Residences-Year Built1929Building Size-Lot Size0.28 AC / 12,121 SF
Property Information for 211 South El Molino Avenue
Property History for 211 South El Molino Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 211 South El Molino Avenue
Taxable ValueLand$2,112,262Additions$908,654Total$3,020,916
Tax Record2024$35,964 ($2,997 / month)
Home Facts
Total Finished SqFt9,750 SqFtAbove Grade Finished SqFt9,750 SqFtLot Size12,117 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningPSR4CountyLOS ANGELESAPN5734-015-020
Schools near 211 South El Molino Avenue
This home is within Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
McKinley School PublicK to 8 | ||
Blair High School Public6 to 12 | ||
Rose City High (Continuation) School Public9 to 12 | ||
Marshall Fundamental School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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