260 Alpine St

Pasadena, CA 91106

$3,088,800
Last Sold Price
5
Beds
18
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Closed 10/19/09
Closed 10/19/09

Description

260-264 Alpine offers investors the rare opportunity to acquire an 18-unit apartment complex in the highly-sought rental area of Pasadena known as "Madison Heights". Just minutes from South Pasadena, the subject property lies on a quiet street surrounded by condos and single-family homes. The unit mix is made up of (14) one-bedroom, one-bath units; (2) two-bedroom, one-bath units with private patios, and (2) two-bedroom, one-and-three-quarter baths with small backyards. Individual units are outfitted...260-264 Alpine offers investors the rare opportunity to acquire an 18-unit apartment complex in the highly-sought rental area of Pasadena known as "Madison Heights". Just minutes from South Pasadena, the subject property lies on a quiet street surrounded by condos and single-family homes. The unit mix is made up of (14) one-bedroom, one-bath units; (2) two-bedroom, one-bath units with private patios, and (2) two-bedroom, one-and-three-quarter baths with small backyards. Individual units are outfitted wall A/C, gas wall heating, freestanding gas stoves, garbage disposals, and refrigerators. Additionally, the common grounds include two onsite laundry facilities with one washer and one dryer each (leased), 18 tuck-under parking spaces, and additional storage lockers. Alpine consists of two separate parcels with nine units on each parcel. All units are individually metered for gas, electric, and have individual hot water heaters
  1. Listed by KEVIN LUTZ • DRE #00925595 • HENDRICKS & PARTNERS, INC.

Property Details for 260 Alpine Street

Parking Spaces Total
18
Cooling Type
Wall/Window Unit(s)
Total Units
6.0
Assessor Parcel Number
5720-020-011
Subdivision Name
OTHR
Subdivision Name Other
OTHR
Parcel Number
5720020011
Area
Pasadena SW (647)
LISTING UPDATED: 10/20/2009 02:08 AM

Property Details for 260 Alpine Street

StatusClosed
MLS #W09075150
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size-
CountyLos Angeles County
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Location

Listing Courtesy of HENDRICKS & PARTNERS, INC., KEVIN LUTZ, DRE #00925595

Sold By HENDRICKS & PARTNERS, INC., KEVIN LUTZ, DRE #00925595

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Building Information for 260 Alpine Street

Stories-Residences-Year Built1964Building Size-Lot Size-

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$15,392 per month

30 year fixed, 6.36% Interest

Principal and Interest

$15,392

Property Taxes

$0

HOA Dues

$0

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Property Information for 260 Alpine Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, See Remarks
Income / Expense / Tax Details
Income Details
  • Gross Income: $22,258
  • Gross Scheduled Income: $269,496
  • Vacancy Allowance: 8085
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $177,019
Expense Details
  • Operating Expense: $84,392
Tax / Assessment Info
  • Tax Tract Number: 020
  • Tax Lot: 12
Property / Structure Info
Interior Features
  • Appliances: None
  • Equipment: Community, None
  • Laundry: Yes
  • Laundry Features: Community
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Construction Materials: Frame, Stucco
  • Exterior Construction: Frame, Stucco
Land/Lot Info
  • Number Of Units: 6
  • Utilities: See Remarks
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: See Remarks
Property / Structure Info
  • Builders Tract Code: OTHR
Unit Information
Unit 1
  • Unit Type Units Total: 14
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,147
  • Unit Type Total Rent: $16,058
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,520
  • Unit Type Total Rent: $3,040
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,580
  • Unit Type Total Rent: $3,160
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1

Property History for 260 Alpine Street

DateEvent & SourcePriceAppreciation
Oct 19, 2009

Sold

CLAW #W09075150MR

$3,088,800—
Oct 19, 2009

Sold

CRMLS #W09075150

$3,088,800—
Jul 24, 2009

Pending

CLAW #W09075150MR

—
DateEvent & SourcePrice
10/19/2009

Sold

CLAW #W09075150MR

$3,088,800
10/19/2009

Sold

CRMLS #W09075150

$3,088,800
07/24/2009

Pending

CLAW #W09075150MR

—

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

Schools near 260 Alpine Street

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
McKinley School
Public - K to 8
Blair High School
Public - 6 to 12
Rose City High (Continuation) School
Public - 9 to 12
Thurgood Marshall Secondary School
Public - 6 to 12
Rating
School
Distance
McKinley School
PublicK to 8

Blair High School
Public6 to 12

Rose City High (Continuation) School
Public9 to 12

Thurgood Marshall Secondary School
Public6 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HENDRICKS & PARTNERS, INC., KEVIN LUTZ, DRE #00925595

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.