211 South El Molino Avenue

Pasadena, CA 91101

$3,950,000
Last Sold Price
8
Beds
16
Baths
9,750 Sq. Ft.
$405 / Sq. Ft.
9,750
Sq. Ft.
$405
per Sq. Ft.

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 Number
5734015020
Total Units
12.0
Living Area
9750
Source Living Area
Vendor Enhanced
Area
Pasadena SE (648)
Vacancy Rate
0
Lot Size Area
12121
LISTING UPDATED: 10/03/2024 12:12 PM

Property Details for 211 South El Molino Avenue

StatusSold
MLS #24-415009
Days on Market45
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.28 AC / 12,121 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1s & Stu
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Cap Rate: 5.49%
  • Gross Rent Multiplier: $12.88
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2783
  • Lot Size Square Feet: 12121
  • Lot Size Dimensions: 55x220
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport Detached
  • Total Parking: 12
  • Parking Features: Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Electric
  • Cooling Type: Wall Unit(s), Electric
  • Heating: Wall Furnace
  • Heating Type: Wall, Wall Electric
  • Equipment: Range/Oven, Refrigerator, Dishwasher, Microwave
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-13-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $887,504.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $2,070,846.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $2,958,350.00

Property History for 211 South El Molino Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Investment Advisors, Inc., Alexander Metaxas, DRE #01784652; Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.