1255 Del Rey Avenue

Pasadena, CA 91107

$1,355,000
Last Sold Price
6
Beds
3
Baths
3,100 Sq. Ft.
$437 / Sq. Ft.
3,100
Sq. Ft.
$437
per Sq. Ft.

Description

Attention investors! Located in a desirable area of East Pasadena, this large unique, street to street, triplex offers a variety of upside options to any type of buyer/investor. This property is zoned R3 and its situated on an expansive 7700sf lot thus offering development opportunities of up to 5 units in the future (Buyer to verify with City of Pasadena etc, Seller and Broker make no warranties of any kind). Another option is to potentially convert the current 4 car garages to an additional unit/ADU...Attention investors! Located in a desirable area of East Pasadena, this large unique, street to street, triplex offers a variety of upside options to any type of buyer/investor. This property is zoned R3 and its situated on an expansive 7700sf lot thus offering development opportunities of up to 5 units in the future (Buyer to verify with City of Pasadena etc, Seller and Broker make no warranties of any kind). Another option is to potentially convert the current 4 car garages to an additional unit/ADU and increase income since there are 4 uncovered parking spaces on the lot (Buyer to verify with City of Pasadena etc, Seller and Broker make no warranties of any kind). For the owner user buyer, live in one and rent the others. Two of the units have been lightly updated. All units are very light and bright. All units have laundry hookups. This property has great potential.
  1. Listed by Aristide Buhoiu • DRE #01322666 • Brokerage DRE #01322666 • Royal Estate Properties

Property Details for 1255 Del Rey Avenue

Architectural Style
Traditional
View
Mountain(s), Neighborhood
Parking Spaces Total
10
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3100

Location

Listing Courtesy of Royal Estate Properties, Aristide Buhoiu, DRE #01322666

Sold By RE/MAX ELITE REALTY, RAE ZHANG, DRE #02011752

Add your commute
LISTING UPDATED: 12/16/2021 02:50 AM

Property Details for 1255 Del Rey Avenue

StatusClosed
MLS #SR21173939
Days on Market118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.18 AC / 7,706 SF
CountyLos Angeles County

Location

Listing Courtesy of Royal Estate Properties, Aristide Buhoiu, DRE #01322666

Sold By RE/MAX ELITE REALTY, RAE ZHANG, DRE #02011752

Add your commute

Virtual Tour

Building Information for 1255 Del Rey Avenue

Stories2Residences-Year Built1948Building Size-Lot Size0.18 AC / 7,706 SF

Payment Calculator

$8,740 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,395

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: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $70,200
  • Gross Scheduled Income: $70,200
  • Net Operating Income: $45,153
  • Current Financing: None
  • Financing: Conventional
Expense Details
  • Operating Expense: $2,547
  • Insurance Expense: $1,200
  • Trash Expense: $2,160
  • Water Sewer Expense: $4,200
  • Total Expenses: $25,047
Tax / Assessment Info
  • Tax Tract Number: 14606
  • Tax Census Tract: 4625.00
  • Tax Lot: 15
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Interior Features: Brick Walls
  • Room Type: Kitchen, Living Room
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Roof: Shingle
  • Foundation Details: Raised, Slab
  • Property Condition: Repairs Cosmetic
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned, Driveway
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned, Driveway, Asphalt
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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2600
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2600
  • 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: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Carpet: 1
  • Number With Patio: 2
  • Number Wall AC: 3

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
Charter - 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

Aveson Global Leadership Academy
Charter6 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 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 Royal Estate Properties, Aristide Buhoiu, DRE #01322666

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.