59 South Meridith Avenue

Pasadena, CA 91106

$3,300,000
Price
3
Beds
7
Baths
4,952 Sq. Ft.
$666 / Sq. Ft.
4,952
Sq. Ft.
$666
per Sq. Ft.

Description

7 Unit Apartment building in Pasadena, CA located walking distance (1 block away) from Pasadena City College (PCC). 4 units are currently vacant and used as short-term rental (Airbnb). Airbnb business will also be included in the sale (135 reviews at 4.92 rating with “Guest Favorite” award). Unit mix: 2 x (2B+1B) and 5 x (1B+1B). Laundry room on site with 1 coin operated washer and 1 coin operated dryer (both units owned and included with the sale). New rain gutters recently installed, new facia,...7 Unit Apartment building in Pasadena, CA located walking distance (1 block away) from Pasadena City College (PCC). 4 units are currently vacant and used as short-term rental (Airbnb). Airbnb business will also be included in the sale (135 reviews at 4.92 rating with “Guest Favorite” award). Unit mix: 2 x (2B+1B) and 5 x (1B+1B). Laundry room on site with 1 coin operated washer and 1 coin operated dryer (both units owned and included with the sale). New rain gutters recently installed, new facia, new paint, new windows, new plumbing, new electrical panels (3 out of 7 units), drainage updated, 2 new water heaters, refurbished roof (less than 3 years ago). 7 covered parking spots on site (all carports). Excellent location with walk score of 87 and bike score of 75. Most errands can be accomplished on foot and biking is convenient on most trips. Less than 1 mile away from California Institute of Technology (Caltech), 1.1 miles away from Huntington Library, 2 miles away from Pasadena Convention Center and 4.5 miles away from Rose Bowl.
  1. Listed by DONALD LA • DRE #01928418 • Brokerage DRE #02003950 • KW Executive • 626-888-2995

Property Details for 59 South Meridith Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4952
Assessor Parcel Number
5736-024-007
Property Attached YN
true
LISTING UPDATED: 11/13/2024 02:53 AM

Property Details for 59 South Meridith Avenue

StatusActive
MLS #WS24164590
Days on Market103
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
CountyLos Angeles County

Building Information for 59 South Meridith Avenue

Building/Complex59 S Meridith AveFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-

Property Information for 59 South Meridith Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $209,040
  • Gross Scheduled Income: $209,040
  • Net Operating Income: $157,497
Expense Details
  • Operating Expense: $51,543
  • Fuel Expense: $5,309
  • Electric Expense: $1,920
  • Insurance Expense: $3,207
  • Professional Management Expense: $0
  • Trash Expense: $2,632
  • Water Sewer Expense: $0
  • Total Expenses: $51,543
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 4634.00
  • CFD/Mello-Roos Fee: $1,613
  • Tax Lot: 29
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $7,000
  • Unit Type Total Rent: $7,000
  • Unit Type Pro Forma: 7000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $10,420
  • Unit Type Total Rent: $10,420
  • Unit Type Pro Forma: 14000
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 59 South Meridith 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 59 South Meridith Avenue

Taxable ValueLand$1,253,431Additions$1,019,171Total$2,272,602
Tax Record2024$26,512 ($2,209 / month)
Home Facts
Total Finished SqFt4,952 SqFtAbove Grade Finished SqFt4,952 SqFtLot Size7,927 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningPSR3CountyLOS ANGELESAPN5736-024-007

Schools near 59 South Meridith Avenue

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
Public - 9 to 12
Rating
School
Distance
Hamilton Elementary School
PublicK to 5

Woodrow Wilson Middle School
Public6 to 8

Pasadena High School
Public9 to 12

Rose City High (Continuation) School
Public9 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

59 South Meridith Avenue is a multi-family home for sale in Pasadena, CA 91106. This property was listed for sale on August 9, 2024 by KW Executive, it's currently listed at $3,300,000. It has been on the market for a total of 103 days and was last sold on March 30, 2016. This listing's school district is Pasadena Unified School District. Nearby schools include Hamilton Elementary School, Woodrow Wilson Middle School and Pasadena High School. 59 South Meridith Avenue is a 3-bed, 7-bath, 4,952 sqft multi-family home built in 1964.

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 KW Executive, DONALD LA, DRE #01928418

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.