368 Monterey Road

South Pasadena, CA 91030

$1,899,000
Price
8
Beds
4
Baths
5,100 Sq. Ft.
$372 / Sq. Ft.
5,100
Sq. Ft.
$372
per Sq. Ft.

Description

Amazing opportunity on market for first time in decades. HUGE building--each unit over 1200 SqFt. Massive 4 car garage in rear provides a chance to add additional units. . All units 2 bedroom + 1 bathroom. One unit delivered vacant and remodeled to ready-to-rent condition. Buyer to verify all information, Listing Broker makes no representation as to the accuracy of information provided. Property available for viewing Noon-2:00pm on Sunday, August 4th. All offers considered nowAmazing opportunity on market for first time in decades. HUGE building--each unit over 1200 SqFt. Massive 4 car garage in rear provides a chance to add additional units. . All units 2 bedroom + 1 bathroom. One unit delivered vacant and remodeled to ready-to-rent condition. Buyer to verify all information, Listing Broker makes no representation as to the accuracy of information provided. Property available for viewing Noon-2:00pm on Sunday, August 4th. All offers considered now
  1. Listed by Timothy Jarnot • DRE #01274482 • Brokerage DRE #01274482 • Westline Properties

Property Details for 368 Monterey Road

Zoning
SPR2B*
Style
Southwestern
Parcel Number
5313017020
Total Units
4.0
Living Area
5100
Source Living Area
Vendor Enhanced
Area
South Pasadena (658)
Vacancy Rate
3
LISTING UPDATED: 12/20/2024 05:07 PM

Property Details for 368 Monterey Road

StatusActive
MLS #24-421049
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.16 AC / 6,993 SF
CountyLos Angeles County

Building Information for 368 Monterey Road

Stories2Residences-Year Built1930Building Size-Lot Size0.16 AC / 6,993 SF

Property Information for 368 Monterey Road

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
  • Management Company Name: Westline Properties
  • Management Company Phone: 3107957807|
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: residential
Contract Info
Contract Info
  • Disclosures: As Is, Trust/Conservatorship
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $96,321
  • Net Operating Income: $71,383.00
  • Gross Income: $99,300
  • Cap Rate: 3.76%
  • Gross Rent Multiplier: $19.12
  • Total Annual Expense: 24938
  • Tax Expense: $23,738
  • Insurance Expense: $1,200
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1605
  • Lot Size Square Feet: 6993
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 4+ Car, Carport Attached
  • Total Parking: 8
  • Covered Parking: 6
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 4
  • Carport Spaces Total: 2
  • Parking Features: Driveway, Attached Carport
  • Attached Garage: Yes
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Built-Ins
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 07-29-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,790.00
  • Unit Actual Rent: $1,790.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,580.00
  • Unit Actual Rent: $1,580.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,605.00
  • Unit Actual Rent: $1,605.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $132,479.00
  • Assessed Improvement Percent: 68.83
  • Assessed Land Value: $59,995.00
  • Assessed Land Percent: 31.17
  • Assessed Total Value: $192,474.00

Property History for 368 Monterey Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 368 Monterey Road

Taxable ValueLand$61,194Additions$135,128Total$196,322
Tax Record2024$4,067 ($339 / month)
Home Facts
Total Finished SqFt5,100 SqFtAbove Grade Finished SqFt5,100 SqFtLot Size6,991 SqFtStyleQuadraplexYear Built1930ZoningSPR2B*CountyLOS ANGELESAPN5313-017-020

Schools near 368 Monterey Road

This home is within South Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 12
Rating
School
Distance
Arroyo Vista Elementary School
PublicK to 5

South Pasadena Middle School
Public6 to 8

South Pasadena Senior High School
Public9 to 12

Free World U
PrivateK 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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368 Monterey Road is a multi-family home for sale in South Pasadena, CA 91030. This property was listed for sale on July 29, 2024 by Westline Properties, it's currently listed at $1,899,000. This listing's school district is South Pasadena Unified School District. Nearby schools include Arroyo Vista Elementary School, South Pasadena Middle School and South Pasadena Senior High School. 368 Monterey Road is a 8-bed, 4-bath, 5,100 sqft multi-family home built in 1930.

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 Westline Properties, Timothy Jarnot, DRE #01274482

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.