112 Grandview Street

112 Grandview Street

Pasadena, CA 91103

$1,100,000
Price
4
Beds
3
Baths
1,623 Sq. Ft.
$678 / Sq. Ft.
1,623
Sq. Ft.
$678
per Sq. Ft.
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Description

We are pleased to present this 3 unit multifamily property located at 112 Grandview St in Pasadena, CA. Built in 1948, this 1,623 square foot building is situated on a 5,193 square foot double corner lot, and it has a unit mix of (2) 1 Bed / 1 Bath units and (1) 2 Bed / 1 Bath unit. Each unit is separately metered for gas and electric, and the tenants are responsible for their own trash bill, so the only utility expense for the landlord is water. Also, each unit has its own separate hot water heater,...We are pleased to present this 3 unit multifamily property located at 112 Grandview St in Pasadena, CA. Built in 1948, this 1,623 square foot building is situated on a 5,193 square foot double corner lot, and it has a unit mix of (2) 1 Bed / 1 Bath units and (1) 2 Bed / 1 Bath unit. Each unit is separately metered for gas and electric, and the tenants are responsible for their own trash bill, so the only utility expense for the landlord is water. Also, each unit has its own separate hot water heater, and all three water heaters have been replaced in the past 5 years. The 2 Bed / 1 Bath unit has been extensively renovated over the last year with a brand new electrical panel, all new appliances, floors, cabinets, quartz countertops, HVAC system, in unit washer/dryer, along with a newly remodeled bathroom with subway tiles. Both 1-Bed units have not been renovated and provide healthy upside for the buyer, and these two units have laundry hookups but no laundry machines. The subject property has 3 private garage parking spaces, one for each unit, all with brand new automatic garage doors, and there are an additional 3 uncovered parking spaces to be used in addition to the garage stalls. This is an ideal value add investment for an experienced or first time investor who wants to take advantage of the rental upside and ADU potential that this property presents.
  1. Listed by Filip Niculete • DRE #01905352 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Marcus & Millichap

Property Details for 112 Grandview Street

Zoning
PSR1
Parcel Number
5729004001
Total Units
3.0
Living Area
1623
Source Living Area
Vendor Enhanced
Area
Pasadena NW (645)
Vacancy Rate
3%
Lot Size Area
5193

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute
LISTING UPDATED: 12/06/2022 05:20 PM

Property Details for 112 Grandview Street

StatusActive
MLS #22-210887
Days on Market156
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.12 AC / 5,193 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute

Building Information for 112 Grandview Street

Stories2Residences-Year Built1948Building Size-Lot Size0.12 AC / 5,193 SF

Payment Calculator

$6,586 per month

30 year fixed, 6.73% Interest

Principal and Interest

$5,696

Property Taxes

$890

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 112 Grandview Street

Community / Development
    Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
    Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Market
Contract Info
    Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $69,782
  • Net Operating Income: $50,957.00
  • Gross Income: $71,940
  • Cap Rate: 4.63%
  • Gross Rent Multiplier: $15.29
  • Total Annual Expense: 18825
Land / Lot Info
    Land / Lot Info
  • Lot Acreage: 0.1192
  • Lot Size Square Feet: 5193
Parking Details
    Parking Details
  • Parking Garage: Covered Parking, Garage
  • Total Parking: 6
  • Parking Features: Covered, Garage
Interior Features
    Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
    Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
    Lease Terms
  • Entry Date: 10-20-2022
Unit Details
    Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,898.00
  • Unit Actual Rent: $3,795.00
  • Unit Projected Rent: $3,990.00
  • Like Units: 2
    Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
    Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
    Tax and Assessed Info
  • Assessed Improvement Value: $153,000.00
  • Assessed Improvement Percent: 16.67
  • Assessed Land Value: $765,000.00
  • Assessed Land Percent: 83.33
  • Assessed Total Value: $918,000.00

Property History for 112 Grandview 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 112 Grandview Street

Taxable ValueLand$765,000Additions$153,000Total$918,000
Tax Record2022$10,675 ($890 / month)
Home Facts
Total Finished SqFt1,623 SqFtAbove Grade Finished SqFt1,623 SqFtLot Size5,193 SqFtStyleTriplexYear Built1948ZoningPSR1CountyLOS ANGELESAPN5729-004-001

Schools near 112 Grandview Street

This home is within Pasadena Unified School District.
RatingSchoolTypeGradesDistance
Washington Accelerated Elementary School
Public - K to 5
Washington Middle School
Public - 6 to 8
John Muir High School
Public - 9 to 12
Marshall Fundamental School
Public - 6 to 12
RatingSchoolDistance
Washington Accelerated Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

John Muir High School
Public9 to 12

Marshall Fundamental 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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More information about 112 Grandview Street, Pasadena, CA 91103

112 Grandview Street is a multi-family home for sale in Pasadena, CA 91103. This property was listed for sale on October 20, 2022 by Marcus & Millichap at $1,100,000. It has been on the market for a total of 156 days and was last sold on June 9, 2021. This listing's school district is Pasadena Unified School District. Nearby schools include Washington Accelerated Elementary School, Washington Middle School and John Muir High School. 112 Grandview Street is a 4-bed, 3-bath, 1,623 sqft multi-family home built in 1948.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association 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 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.