1429 North Altadena Drive

Pasadena, CA 91107

$1,900,000
Price
6
Beds
5
Baths
3,353 Sq. Ft.
$567 / Sq. Ft.
3,353
Sq. Ft.
$567
per Sq. Ft.

Description

1429 N Altadena Drive is a quintessential 5-unit apartment building nestled in the heart of Pasadena. Constructed in 1950, this charming property showcases a distinctive unit mix, featuring (1) spacious two-bedroom, one-bath unit and (4) cozy one-bedroom, one-bathroom units. Meticulously maintained over the years, the property exudes a timeless appeal and offers ample amenities for residents. In addition to convenient street parking available in the front, the property also provides five garages...1429 N Altadena Drive is a quintessential 5-unit apartment building nestled in the heart of Pasadena. Constructed in 1950, this charming property showcases a distinctive unit mix, featuring (1) spacious two-bedroom, one-bath unit and (4) cozy one-bedroom, one-bathroom units. Meticulously maintained over the years, the property exudes a timeless appeal and offers ample amenities for residents. In addition to convenient street parking available in the front, the property also provides five garages situated at the rear, ensuring residents' comfort and convenience. With its prime location and well-appointed features, 1429 N Altadena Drive presents an exceptional opportunity for both investors and tenants alike.
  1. Listed by Daniel Withers • DRE #01325901 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 1429 North Altadena Drive

Zoning
LCR3YY
Parcel Number
5853021010
Total Units
5.0
Living Area
3353
Source Living Area
Other
Area
Pasadena NE (646)
Vacancy Rate
-3%
Lot Size Area
6004

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901
Add your commute
LISTING UPDATED: 04/02/2024 03:01 PM

Property Details for 1429 North Altadena Drive

StatusActive
MLS #24-366789
Days on Market75
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.14 AC / 6,004 SF
CountyLos Angeles County

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901
Add your commute

Building Information for 1429 North Altadena Drive

Stories-Residences-Year Built1950Building Size-Lot Size0.14 AC / 6,004 SF

Payment Calculator

$11,542 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$1,173

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1429 North Altadena Drive

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $111,686
  • Net Operating Income: $70,931.00
  • Gross Income: $115,140
  • Gross Rent Multiplier: $15.37
  • Total Annual Expense: 40755
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1378
  • Lot Size Square Feet: 6004
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 5
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-08-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,863.00
  • Unit Actual Rent: $7,450.00
  • Unit Projected Rent: $7,450.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,145.00
  • Unit Actual Rent: $2,145.00
  • Unit Projected Rent: $2,145.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $589,500.00
  • Assessed Improvement Percent: 55.0
  • Assessed Land Value: $482,316.00
  • Assessed Land Percent: 45
  • Assessed Total Value: $1,071,816.00

Property History for 1429 North Altadena Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1429 North Altadena Drive

Taxable ValueLand$482,316Additions$590,160Total$1,072,476
Tax Record2023$14,077 ($1,173 / month)
Home Facts
Total Finished SqFt3,353 SqFtAbove Grade Finished SqFt3,353 SqFtLot Size6,002 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningLCR3YYCountyLOS ANGELESAPN5853-021-010

Schools near 1429 North Altadena Drive

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
Daniel Webster
PublicK to 5

Charles W. Eliot 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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1429 North Altadena Drive is a multi-family home for sale in Pasadena, CA 91107. This property was listed for sale on February 13, 2024 by Matthews Real Estate Investment Services, it's currently listed at $1,900,000. It has been on the market for a total of 75 days and was last sold on December 20, 2004. This listing's school district is Pasadena Unified School District. Nearby schools include Daniel Webster, Charles W. Eliot Middle School and Pasadena High School. 1429 North Altadena Drive is a 6-bed, 5-bath, 3,353 sqft multi-family home built in 1950.

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 Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

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.