686 S Grand Ave
Description
Commissioned in 1917 by Edwin F. Hahn, founder of one of Pasadena's oldest businesses, the law firm Hahn & Hahn, this trophy property is located on a highly desirable street, just minutes away from the Arroyo and Old Town Pasadena, and presents a wonderful investment opportunity...A rare opportunity to acquire one of Southwest Pasadena's quintessential Bungalow Courts, consisting of (5) five free-standing Craftsman Style bungalows on lush landscaped common grounds, each unit measuring approximately 830 SqFt.
Commissioned in 1917 by Edwin F. Hahn, founder of one of Pasadena's oldest businesses, the law firm Hahn & Hahn, this trophy property is located on a highly desirable street, just minutes away from the Arroyo and Old Town Pasadena, and presents a wonderful investment opportunity for its future owner.
686-694 South Grand Avenue pairs period details such as original windows, hardwood floors and fireplace with modern amenities including in-unit washer/ dryer, individually metered utilities and hot water heater in each unit.
Units offer a slightly varied layout, ranging between 815 - 870 SqFt each, and are entered through a front-porch opening up to a light-filled living room space with adjacent kitchen. The two bedrooms are connected by a full bathroom with a tub.
Four of the five units currently rented, yielding a monthly income of $11,820; its projected rent, fully occupied, is $15,220. Front South unit is vacant and staged for viewings. Three units are currently rented at market value and one below market value.
Listing Agent
![George Penner]()
george.penner@compass.comP: (626)-807-8558
Property Details for 686 South Grand Avenue
Property Details for 686 South Grand Avenue
| Status | Closed |
|---|---|
| MLS # | P1-15978 |
| Days on Market | 11 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1917 |
| Lot Size | 0.28 AC / 12,018 SF |
| County | Los Angeles County |
| Buyer's Agent Compensation | 2.5% |
Location
Sold By Engel & Voelkers Pasadena, Mark O Jerusalem, DRE #01371254
Building Information for 686 South Grand Avenue
Payment Calculator
$14,695 per month
30 year fixed, 6.845% Interest
$14,277
$418
$0
Property Information for 686 South Grand Avenue
- Accessibility Features: None
- Community Features: Sidewalks
- City: Pasadena
- Country: US
- Direction Faces: West
- Directions: Please use navigation.
- Area: 647 - Pasadena SW
- Unparsed Address: 686 South Grand Avenue, Pasadena, CA 91105
- Parking Features: None
- Association Fee: $.00
- Professional Management Expense: $.00
- Tax Other Annual Assessment Amount: $.00
- Videos Count: 0
- Additional Parcels: No
- Lot Features: Landscaped, Sprinklers None
- Lot Size Acres: .28
- Lot Size Square Feet: 12,018.00
- Lot Size Area: 12,018.00
- Lot Size Units: Square Feet
- Parcel Number: 5718004002
- Zoning: PSR4
- Property Type: Residential Income
- Common Walls: No Common Walls
- Documents Count: 2
- Entry Location: stairs
- Exclusions: Please inquire regarding inclusions and exclusions.
- New Construction: No
- Property Attached: No
- Year Built Source: Assessor
- Senior Community: No
- Cooling: Wall/Window Unit(s)
- Cooling: Yes
- Sewer: Public Sewer
- Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
- Water Sewer Expense: $2,569.43
- Water Source: Public
- Fencing: Wood
- Foundation Details: Raised
- Other Structures: Shed(s)
- Pool Features: None
- Pool Private: No
- Roof: Composition
- Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
- Spa Features: None
- Spa: No
- Appliances: Dishwasher, Gas Range, Water Heater, Microwave, Refrigerator
- Total Bathrooms: 0
- Fireplace Features: Decorative
- Fireplace: Yes
- Flooring: Laminate, Wood, Tile
- Heating: Floor Furnace, Wall Furnace
- Heating: Yes
- Interior Features: Built-In Features
- Laundry Features: In Kitchen
- View: No
- Levels: One
- Gross Scheduled Income: $182,640.00
- Net Operating Income: $158,313.23
- Electric Expense: $.00
- Insurance Expense: $8,297.00
- Number Of Buildings: 5
- Number Of Units Leased: 4
- Operating Expense: $24,326.77
- Pest Control Expense: $1,470.00
- Special Listing Conditions: Standard, Trust
- Trash Expense: $2,000.00
- Licenses Expense: $307.81
- Inclusions: Please inquire regarding inclusions and exclusions.
- Tenant Pays: Electricity, Gas
Property History for 686 South Grand Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 9, 2024 | Sold CRMLS #P1-15978 | $2,725,000 | — |
| Jan 9, 2024 | Sold VCF #P1-15978 | $2,725,000 | — |
| Dec 20, 2023 | Sold (Public Record) Public Record #1525067330 | $2,725,000 | — |
| Dec 19, 2023 | Pending VCF #P1-15978 | — | |
| Dec 18, 2023 | Pending CRMLS #P1-15978 | — | |
| Dec 8, 2023 | Listed (Active) VCF #P1-15978 | $2,500,000 | — |
| Dec 8, 2023 | Listed (Active) CRMLS #P1-15978 | $2,500,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/09/2024 | Sold CRMLS #P1-15978 | $2,725,000 |
| 01/09/2024 | Sold VCF #P1-15978 | $2,725,000 |
| 12/20/2023 | Sold (Public Record) Public Record #1525067330 | $2,725,000 |
| 12/19/2023 | Pending VCF #P1-15978 | — |
| 12/18/2023 | Pending CRMLS #P1-15978 | — |
| 12/08/2023 | Listed (Active) VCF #P1-15978 | $2,500,000 |
| 12/08/2023 | Listed (Active) CRMLS #P1-15978 | $2,500,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 686 South Grand Avenue
Schools near 686 South Grand Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 6 to 12 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
McKinley School PublicK to 8 | ||
Blair High School Public6 to 12 | ||
Rose City High (Continuation) 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.
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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 COMPASS, George Penner, DRE #01394929
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.