1255 Del Rey Avenue

Pasadena, CA 91107

$1,550,000
Last Sold Price
6
Beds
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
Wall/Window
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3100

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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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

Add your commute

Virtual Tour

Building Information for 1255 Del Rey Avenue

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

Payment Calculator

$9,804 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

$1,345

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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
  • Spa Features: None
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
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
DateEvent & SourcePrice

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$826,200Additions$555,900Total$1,382,100
Tax Record2023$16,139 ($1,345 / 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
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Norma Coombs Elementary
PublicK to 5

Woodrow Wilson Middle School
Public6 to 8

Pasadena High School
Public9 to 12

Cis Academy
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.

Similar Homes

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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. 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.