1255 Del Rey Ave

3
Baths
3,100 Sq. Ft.
$500 / Sq. Ft.
3,100
Sq. Ft.
$500
per Sq. Ft.

Description

Very well maintained 3-unit income property nestled on a very quiet street in northeast Pasadena neighborhood across street from the Rose Parade parking, close to many shops and restaurants on Washington Blvd. and Foothills, close to the hiking trails, water fall at Eaton Canyon and Eaton Canyon Gulf course. Seller just replaced both building's roof in 2023 and spent $30k + in 2022 to have a major maintenance work done to the foundation. All works have gone through the city permits. All units are...Very well maintained 3-unit income property nestled on a very quiet street in northeast Pasadena neighborhood across street from the Rose Parade parking, close to many shops and restaurants on Washington Blvd. and Foothills, close to the hiking trails, water fall at Eaton Canyon and Eaton Canyon Gulf course. Seller just replaced both building's roof in 2023 and spent $30k + in 2022 to have a major maintenance work done to the foundation. All works have gone through the city permits. All units are in super good condition.
  1. Listed by RAE ZHANG • DRE #02011752 • Brokerage DRE #02117426 • REMAX MY HOME

Property Details for 1255 Del Rey Avenue

View
Mountain(s)
Parking Spaces Total
8
Private Pool
No
Cooling Type
ENERGY STAR Qualified Equipment, Wall/Window Unit(s)
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3100
LISTING UPDATED: 04/17/2024 02:57 AM

Property Details for 1255 Del Rey Avenue

StatusClosed
MLS #WS24006264
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.18 AC / 7,708 SF
CountyLos Angeles County

Location

Listing Courtesy of REMAX MY HOME, RAE ZHANG, DRE #02011752

Sold By KW Executive, PRIANKA KHAN, DRE #02203861; KW Executive, KRISTINE CHENG, DRE #01702338

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Building Information for 1255 Del Rey Avenue

Stories2Residences-Year Built1948Building Size-Lot Size0.18 AC / 7,708 SF

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$9,101 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,554

Property Taxes

$1,547

HOA Dues

$0

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Property Information for 1255 Del Rey Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $81,948
  • Gross Scheduled Income: $6,829
  • Net Operating Income: $62,270
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $19,678
  • New Taxes Expense: $16,138
  • Insurance Expense: $2,100
  • Trash Expense: $0
  • Water Sewer Expense: $1,440
  • Total Expenses: $19,678
Tax / Assessment Info
  • Tax Tract Number: 14606
  • Tax Census Tract: 4625.00
  • CFD/Mello-Roos Fee: $814
  • Tax Lot: 15
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Foothills, Golf, Hiking
Property / Structure Info
Interior Features
  • Interior Features: Balcony
  • Room Type: Laundry
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: ENERGY STAR Qualified Equipment, Wall/Window Unit(s)
  • Heating Type: Forced Air, High Efficiency, Natural Gas
  • Heat Source: Natural Gas
  • Heating: Forced Air, High Efficiency, Natural Gas
  • Heat Equipment: Forced Air Unit
  • Virtual Tour URL Unbranded: https://player.vimeo.com/video/909840644
Exterior Features
  • Entry Location: main floor.
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Electric: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned, Garage
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned, Garage
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
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 Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,724
  • Unit Type Total Rent: $1,724
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,310
  • Unit Type Total Rent: $2,310
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,795
  • Unit Type Total Rent: $2,795
  • Unit Type Pro Forma: 2795
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Refrigerator: 1
  • Number Wall AC: 6

Property History for 1255 Del Rey Avenue

DateEvent & SourcePriceAppreciation
Apr 9, 2024

Sold

SDMLS #WS24006264

$1,550,000—
Apr 9, 2024

Sold

CRMLS #WS24006264

$1,550,000—
Apr 9, 2024

Sold

CLAW #WS24006264MR

$1,550,000—
Mar 21, 2024

Sold (Public Record)

Public Record #1530227701

$1,550,000

+5.7% / yr

Feb 6, 2024

Pending

CLAW #WS24006264MR

—
Feb 6, 2024

Accepting Backup Offers

CRMLS #WS24006264

—
Feb 6, 2024

Accepting Backup Offers

CLAW #WS24006264MR

—
Feb 6, 2024

Pending

SDMLS #WS24006264

—
Jan 10, 2024

Listed (Active)

CLAW #WS24006264MR

$1,550,000—
Jan 10, 2024

Listed (Active)

SDMLS #WS24006264

$1,550,000—
Jan 10, 2024

Listed (Active)

CRMLS #WS24006264

$1,550,000—
Dec 16, 2021

Price Change

CLAW #SR21173939CN

$1,375,000—
Dec 14, 2021

Sold

CRMLS #SR21173939

$1,355,000—
Dec 14, 2021

Sold

CLAW #SR21173939CN

$1,355,000—
Dec 2, 2021

Pending

CRMLS #SR21173939

—
Dec 2, 2021

Pending

CLAW #SR21173939CN

—
Oct 19, 2021

Sold (Public Record)

Public Record #1480187701

$1,355,000—
Aug 6, 2021

Listed (Active)

CLAW #SR21173939CN

$1,375,000—
Aug 6, 2021

Listed (Active)

CRMLS #SR21173939

$1,375,000—
Jul 28, 2021

Withdrawn / Cancelled

CRMLS #SR21075106

$1,399,000—
Jul 28, 2021

Withdrawn / Cancelled

CLAW #SR21075106CN

—
Jul 12, 2021

Accepting Backup Offers

CRMLS #SR21075106

—
Jul 12, 2021

Accepting Backup Offers

CLAW #SR21075106CN

—
Apr 12, 2021

Listed (Active)

CRMLS #SR21075106

$1,399,000—
Apr 12, 2021

Listed (Active)

CLAW #SR21075106CN

$1,399,000—
Aug 1, 2020

Expired

CRMLS #19444668

$1,225,000—
Jul 31, 2020

Expired

CLAW #19-444668

$1,225,000—
Mar 4, 2020

Withdrawn / Cancelled

CRMLS #19444668

—
Mar 2, 2020

Listed (Active)

CRMLS #19444668

—
Mar 2, 2020

Listed (Active)

CLAW #19-444668

$1,350,000—
Feb 21, 2020

Hold

CRMLS #19444668

—
Feb 15, 2020

Listed (Active)

CRMLS #19444668

—
Feb 5, 2020

Hold

CRMLS #19444668

—
May 23, 2019

Price Change

CRMLS #19444668

$1,225,000—
Mar 15, 2019

Listed (Active)

CRMLS #19444668

$1,350,000—
DateEvent & SourcePrice
04/09/2024

Sold

SDMLS #WS24006264

$1,550,000
04/09/2024

Sold

CRMLS #WS24006264

$1,550,000
04/09/2024

Sold

CLAW #WS24006264MR

$1,550,000
03/21/2024

Sold (Public Record)

Public Record #1530227701

$1,550,000

+5.7% / yr

02/06/2024

Pending

CLAW #WS24006264MR

—
02/06/2024

Accepting Backup Offers

CRMLS #WS24006264

—
02/06/2024

Accepting Backup Offers

CLAW #WS24006264MR

—
02/06/2024

Pending

SDMLS #WS24006264

—
01/10/2024

Listed (Active)

CLAW #WS24006264MR

$1,550,000
01/10/2024

Listed (Active)

SDMLS #WS24006264

$1,550,000
01/10/2024

Listed (Active)

CRMLS #WS24006264

$1,550,000
12/16/2021

Price Change

CLAW #SR21173939CN

$1,375,000
12/14/2021

Sold

CRMLS #SR21173939

$1,355,000
12/14/2021

Sold

CLAW #SR21173939CN

$1,355,000
12/02/2021

Pending

CRMLS #SR21173939

—
12/02/2021

Pending

CLAW #SR21173939CN

—
10/19/2021

Sold (Public Record)

Public Record #1480187701

$1,355,000
08/06/2021

Listed (Active)

CLAW #SR21173939CN

$1,375,000
08/06/2021

Listed (Active)

CRMLS #SR21173939

$1,375,000
07/28/2021

Withdrawn / Cancelled

CRMLS #SR21075106

$1,399,000
07/28/2021

Withdrawn / Cancelled

CLAW #SR21075106CN

—
07/12/2021

Accepting Backup Offers

CRMLS #SR21075106

—
07/12/2021

Accepting Backup Offers

CLAW #SR21075106CN

—
04/12/2021

Listed (Active)

CRMLS #SR21075106

$1,399,000
04/12/2021

Listed (Active)

CLAW #SR21075106CN

$1,399,000
08/01/2020

Expired

CRMLS #19444668

$1,225,000
07/31/2020

Expired

CLAW #19-444668

$1,225,000
03/04/2020

Withdrawn / Cancelled

CRMLS #19444668

—
03/02/2020

Listed (Active)

CRMLS #19444668

—
03/02/2020

Listed (Active)

CLAW #19-444668

$1,350,000
02/21/2020

Hold

CRMLS #19444668

—
02/15/2020

Listed (Active)

CRMLS #19444668

—
02/05/2020

Hold

CRMLS #19444668

—
05/23/2019

Price Change

CRMLS #19444668

$1,225,000
03/15/2019

Listed (Active)

CRMLS #19444668

$1,350,000

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

Public Records for 1255 Del Rey Avenue

Taxable ValueLand$714,000Additions$867,000Total$1,581,000
Tax Record2025$18,569 ($1,547 / month)
Home Facts
Total Finished SqFt3,100 SqFtAbove Grade Finished SqFt3,100 SqFtLot Size7,706 SqFtStyleTriplexYear Built1948ZoningPSR3CountyLOS ANGELESAPN5751-008-017

Schools near 1255 Del Rey Avenue

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

Aveson Global Leadership Academy
Charter6 to 12

Pasadena 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.

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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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 REMAX MY HOME, RAE ZHANG, DRE #02011752

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.