530 East Mountain Street

Pasadena, CA 91104

$1,299,999
Last Sold Price
—
Beds
4,716 Sq. Ft.
$276 / Sq. Ft.
4,716
Sq. Ft.
$276
per Sq. Ft.

Description

Great opportunity to own a 7-unit apartment building strategically located in a charming neighborhood of Pasadena! The property features a well-rounded mix of units: four 1-bedroom, 1-bath units; two 2-bedroom, 2-bath units; and one expansive 3-bedroom, 2-bath unit, all currently tenant-occupied, ensuring immediate rental income. Property is comprised of 3 buildings. The front building was a craftsman home that was converted into a triplex. The middle building is a ground-level duplex. The rear building...Great opportunity to own a 7-unit apartment building strategically located in a charming neighborhood of Pasadena! The property features a well-rounded mix of units: four 1-bedroom, 1-bath units; two 2-bedroom, 2-bath units; and one expansive 3-bedroom, 2-bath unit, all currently tenant-occupied, ensuring immediate rental income. Property is comprised of 3 buildings. The front building was a craftsman home that was converted into a triplex. The middle building is a ground-level duplex. The rear building has 4 single-car garages, with a duplex above them. The property also includes ample parking, adding to the appeal, and is located just a few short blocks from markets & restaurants on N Lake Ave. Immense potential for those looking to capitalize on an investment with significant upside potential in a sought-after city.
  1. Listed by David Knight • DRE #01829234 • Keller Williams Realty
  2. Listed by Amber L Waas • DRE #01263026 • Keller Williams DTLA

Property Details for 530 East Mountain Street

Architectural Style
Traditional
Subdivision Name
Not Applicable
Garage Spaces
4.00
View
None
LISTING UPDATED: 11/01/2024 02:37 PM

Property Details for 530 East Mountain Street

StatusClosed
MLS #P1-18865
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.29 AC / 12,650 SF
CountyLos Angeles County

Building Information for 530 East Mountain Street

Stories2Residences-Year Built1954Building Size-Lot Size0.29 AC / 12,650 SF

Property Information for 530 East Mountain Street

Summary
Location and General Information
  • Building Area Total: 4,716.00
  • Community Features: Sidewalks
  • City: Pasadena
  • Country: US
  • Directions: East of Los Robles
  • Area: 646 - Pasadena NE
  • Postal Code Plus4: 4340
  • Unparsed Address: 530 East Mountain Street, Pasadena, CA 91104
Parking
  • Parking Features: Garage, Garage Faces Front, Concrete, Driveway
Taxes and HOA Information
  • Association Fee: $.00
  • Professional Management Expense: $4,608.00
  • Tax Other Annual Assessment Amount: $727.00
Virtual Tour
Property
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Acres: .29
  • Lot Size Square Feet: 12,650.00
  • Lot Size Area: 12,650.00
  • Lot Size Units: Square Feet
  • Parcel Number: 5731001004
  • Property Type: Residential Income
Property and Assessments
  • Common Walls: 1 Common Wall, 2+ Common Walls, End Unit, No One Above, No One Below
  • Documents Count: 2
  • Exclusions: All items belonging to the tenants will remain as such
  • Property Attached: Yes
  • Year Built Source: Assessor
  • Senior Community: No
Utilities
  • Cooling: None
  • Cooling: No
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco, Wood Siding, Brick
  • Fencing: Block, Chain Link
  • Pool Features: None
  • Pool Private: No
  • Spa Features: None
  • Spa: No
  • Stories Total: 2
Interior Features
  • Appliances: None
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Heating: None
  • Heating: No
  • Laundry Features: Community
  • Living Area: 4,716.00
  • View: No
  • Levels: One, Two
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $83,832.00
  • Net Operating Income: $55,960.00
  • Insurance Expense: $2,877.00
  • Number Of Buildings: 3
  • Operating Expense: $27,872.00
  • Special Listing Conditions: Standard, Trust
  • Trash Expense: $.00
Rental
Rental Information
  • Tenant Pays: Trash Collection, Water

Property History for 530 East Mountain Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 530 East Mountain Street

Taxable ValueLand$101,546Additions$213,966Total$315,512
Tax Record2024$5,198 ($433 / month)
Home Facts
Total Finished SqFt4,716 SqFtAbove Grade Finished SqFt4,716 SqFtLot Size12,647 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningPSR6CountyLOS ANGELESAPN5731-001-004

Schools near 530 East Mountain Street

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

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Odyssey Charter School - South
CharterK to 8

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 Keller Williams Realty, David Knight, DRE #01829234; Keller Williams DTLA, Amber L Waas, DRE #01263026

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.