1728 North Sierra Bonita Avenue

Pasadena, CA 91104

$10,980,000
Price
4
Beds
27
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Offered at 4.29% CAP Rate with 6.12% Proforma CAP (buyer to verify), Sierra Bonita Bungalows is a 26-unit Turnkey Single-story bungalows community in the foothill area of San Gabriel Mountain, and only 2 blocks south of Altadena Country Club. Situated in the prestigious San Gabriel Mountain foothill area, and within walking distance to Altadena Country Club and Altadena Golf Course, this exclusive property consists of 26 units that are spread over 15 buildings and meticulously designed and fully...Offered at 4.29% CAP Rate with 6.12% Proforma CAP (buyer to verify), Sierra Bonita Bungalows is a 26-unit Turnkey Single-story bungalows community in the foothill area of San Gabriel Mountain, and only 2 blocks south of Altadena Country Club. Situated in the prestigious San Gabriel Mountain foothill area, and within walking distance to Altadena Country Club and Altadena Golf Course, this exclusive property consists of 26 units that are spread over 15 buildings and meticulously designed and fully upgraded from top to bottom, providing an attractive proposition for investors looking for steady rental income and long-term value appreciation. The property consists of 3 parcels with highly desirable layouts; a combination of single-story bungalow style single-family houses and duplexes, each unit provides serene and single-family house atmosphere to it, making each unit very easy to rent and highly desirable amongst renters. The large, combined lots allow FOUR (4) ADUs OR MORE (buyer to verify). It is in a quiet residential area surrounded by mostly multi-million dollars SFR. Located just several properties away from the world renown EF International Language Campus (www. EF.com ), and EF Academy, this strategic location provides excellent location for international students, or short rentals. The area commands a fantastic demographic of $170,962 Average Household Income within a-mile-radius. This offering provides rare opportunity to investors who appreciates quality asset and location with multiple exit strategies such as: operate as apartments and enjoy cash-flow and tax benefit over time, operate as short-term rentals for nearby international students, condo conversions, TIC conversions, or operate as-is and add ADUs. Sierra Bonita Bungalows has 3 parcels/properties: address# 1704 consists of 6 units (and situated on ±11,254 SF lot, address# 1710 consists of 12 units and situated on ±10,474 SF lot, and address# 1728 consists of 8 units and situated on ±15,685 SF lot (BUYER TO VERIFY). All three properties have shared parking at the back (combination of carports and garages) and must be sold together. The property has been completely renovated and offers a desirable mix of One (1) x 3bedroom+2bathroom house, nineteen (19) x 1bedroom+1bathroom bungalows, and six (6) studio bungalows.
  1. Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade • 626-224-2495

Property Details for 1728 North Sierra Bonita Avenue

View
Mountain(s)
Parking Spaces Total
28
Private Pool
No
Cooling Type
Wall/Window
Total Units
26.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
0

Location

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321
Add your commute
LISTING UPDATED: 02/13/2024 09:44 PM

Property Details for 1728 North Sierra Bonita Avenue

StatusActive
MLS #AR24028994
Days on Market84
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
CountyLos Angeles County

Location

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321
Add your commute

Building Information for 1728 North Sierra Bonita Avenue

Building/Complex1728 N Sierra Bonita AveFloor-Stories1Residences-Pet Policy-Year Built1963Building Size-

Payment Calculator

$61,857 per month

30 year fixed, 7.25% Interest

Principal and Interest

$59,922

Property Taxes

$1,935

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1728 North Sierra Bonita Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $680,948
  • Gross Scheduled Income: $680,948
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $667,329
  • Net Operating Income: $470,416
  • Gross Multiplier: 16.12
  • Cap Rate: 4.29
Expense Details
  • Operating Expense: $196,912
  • Operating Expense Percent: 29.00%
  • New Taxes Expense: $119,655
  • Gardener Expense: $4,200
  • Insurance Expense: $8,279
  • Maintenance Expense: $13,000
  • Professional Management Expense: $20,020
  • Trash Expense: $15,600
  • Water Sewer Expense: $10,852
  • Total Expenses: $196,912
Tax / Assessment Info
  • Tax Tract Number: 2322
  • Tax Census Tract: 4614.00
  • CFD/Mello-Roos Fee: $5,307
  • Tax Lot: 6
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Suburban, Valley
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Dryer, Dryer Included, Washer, Washer Included
  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate, Wood
Exterior Features
  • Entry Location: 1
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 20000-39999 Sqft, Rectangular Lot, Level, Park Nearby
  • Direction Faces: West
  • Number Of Units: 26
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Assigned, Carport, Garage
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 6
  • Carport Spaces: 12
  • Parking Features: Assigned, Carport, Detached Carport, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,750
  • Unit Type Total Rent: $3,750
  • Unit Type Pro Forma: 3750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 19
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 19
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,228
  • Unit Type Total Rent: $42,330
  • Unit Type Pro Forma: 47500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,778
  • Unit Type Total Rent: $10,665
  • Unit Type Pro Forma: 12000
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 26
  • Rent Controlled: Yes
  • Number Of Buildings: 15
  • Number Of Separate Electric Meters: 26
  • Number Of Separate Gas Meters: 26
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 26
  • Number With Range: 26
  • Number With Refrigerator: 26
  • Number With Disposal: 26
  • Number Wall AC: 26

Property History for 1728 North Sierra Bonita 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 1728 North Sierra Bonita Avenue

Taxable ValueLand$765,000Additions$1,153,620Total$1,918,620
Tax Record2023$23,223 ($1,935 / month)
Home Facts
Total Finished SqFt4,353 SqFtAbove Grade Finished SqFt4,353 SqFtLot Size15,685 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningPSR1CountyLOS ANGELESAPN5851-003-012

Schools near 1728 North Sierra Bonita 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
Daniel Webster
PublicK to 5

Charles W. Eliot Middle School
Public6 to 8

Pasadena 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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1728 North Sierra Bonita Avenue is a multi-family home for sale in Pasadena, CA 91104. This property was listed for sale on February 9, 2024 by Growth Investment Group Pasade, it's currently listed at $10,980,000. This listing's school district is Pasadena Unified School District. Nearby schools include Daniel Webster, Charles W. Eliot Middle School and Pasadena High School. 1728 North Sierra Bonita Avenue is a 4-bed, 27-bath, multi-family home built in 1963.

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 Growth Investment Group Pasade, Han Chen, DRE #01749321

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.