301 North Hudson Avenue

Pasadena, CA 91101

$2,560,000
Price
5
Beds
6
Baths
4,248 Sq. Ft.
$603 / Sq. Ft.
4,248
Sq. Ft.
$603
per Sq. Ft.

Description

Corner multifamily property with 180 ft deep lot – ideal for high-income production as-is, or unlock its potential with high-density urban housing under favorable zoning! Prime investment opportunity that blends historic charm with modern convenience. This unique property features six updated units across two tri-plex buildings, all meticulously maintained to preserve their Craftsman style. Each unit has been thoughtfully updated while retaining the timeless Craftsman aesthetic. The property includes...Corner multifamily property with 180 ft deep lot – ideal for high-income production as-is, or unlock its potential with high-density urban housing under favorable zoning! Prime investment opportunity that blends historic charm with modern convenience. This unique property features six updated units across two tri-plex buildings, all meticulously maintained to preserve their Craftsman style. Each unit has been thoughtfully updated while retaining the timeless Craftsman aesthetic. The property includes one spacious 2-bedroom unit, three comfortable 1-bedroom units, and two efficient studio units. With a total of six bathrooms and separate laundry for each unit, this versatile property is currently fully rented, providing a steady income stream. Investors will appreciate the excellent condition of the buildings, ensuring minimal maintenance and maximum return. Additionally, there's significant development potential, with the potential to build a multi-story residential building on the lot, offering further investment opportunities. Located in the heart of Pasadena, this property offers convenient access to local amenities, dining, and cultural attractions. The blend of historical charm and modern updates makes this an exceptional investment in a desirable area. Don't miss out on this rare opportunity to own a piece of Pasadena's architectural heritage with promising future development prospects. Contact us today to schedule a viewing and explore the endless possibilities that 301 North Hudson Avenue has to offer.

Property Details for 301 North Hudson Avenue

Architectural Style
Craftsman
Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Lot Size Source
Public Records
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No
LISTING UPDATED: 12/09/2024 07:31 AM

Property Details for 301 North Hudson Avenue

StatusActive
MLS #PF24229101
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income / Combo - Res and Com
Year Built1920
Lot Size0.21 AC / 9,358 SF
CountyLos Angeles County

Virtual Tour

Building Information for 301 North Hudson Avenue

Stories2Residences-Year Built1920Building Size-Lot Size0.21 AC / 9,358 SF

Property Information for 301 North Hudson Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $201,504
  • Gross Scheduled Income: $157,476
  • Vacancy Allowance Rate: 5
  • Net Operating Income: $91,000
  • Gross Multiplier: 16.49
  • Cap Rate: 4.0
Expense Details
  • Operating Expense: $47,304
  • Gardener Expense: $3,600
  • Fuel Expense: $1,200
  • Pest Control Expense: $1,200
  • Electric Expense: $0
  • Insurance Expense: $3,090
  • Professional Management Expense: $6,360
  • Trash Expense: $4,245
  • Water Sewer Expense: $1,140
  • Total Expenses: $56,167
Tax / Assessment Info
  • Tax Tract Number: ETHLYN
  • Tax Lot: 4,7
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: 1
  • Property Condition: Updated/Remodeled
  • Pool Features: None
Green Info
  • Walk Score: 90
Land/Lot Info
  • Lot Features: Corner Lot
  • Direction Faces: East
  • Land Lease: No
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Features: Assigned, Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,435
  • Unit Type Total Rent: $2,435
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,785
  • Unit Type Total Rent: $2,785
  • Unit Type Pro Forma: 2785
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Actual Rent: $2,275
  • Unit Type Total Rent: $2,275
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,678
  • Unit Type Total Rent: $1,678
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Range: 5
  • Number With Refrigerator: 6

Property History for 301 North Hudson 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 301 North Hudson Avenue

Taxable ValueLand$434,492Additions$180,082Total$614,574
Tax Record2024$8,494 ($708 / month)
Home Facts
Total Finished SqFt4,248 SqFtAbove Grade Finished SqFt4,248 SqFtLot Size9,367 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningPSC-CountyLOS ANGELESAPN5723-008-025

Schools near 301 North Hudson 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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301 North Hudson Avenue is a mixed use property for sale in Pasadena, CA 91101. This property was listed for sale on November 7, 2024 by The Agency, it's currently listed at $2,560,000. It has been on the market for a total of 23 days and was last sold on March 25, 2002. This listing's school district is Pasadena Unified School District. Nearby schools include McKinley School, Blair High School and Rose City High (Continuation) School. 301 North Hudson Avenue is a 5-bed, 6-bath, 4,248 sqft mixed use property built in 1920.

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 The Agency, Amy Pace, DRE #01939929

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.