175 North Catalina Avenue
175 North Catalina Avenue
$1,400,000
10
9
5,264
5,264
$266
Sold 10/16/23
Description
Lowest price per sq. Ft. Of any apartment building in pasadena! This 5 unit apartment property offers an excellent value-add opportunity for any investor or even an owner user as the property consists of four spacious units in front with a detached bungalow house in back. This tremendous location is situated just one-half mile (0.5 mi) from the Metro Gold Line station to the North and the restaurants of S. Lake Ave and famous Shoppers Lane to the South. The four spacious units in front feature a...Lowest price per sq. Ft. Of any apartment building in pasadena! This 5 unit apartment property offers an excellent value-add opportunity for any investor or even an owner user as the property consists of four spacious units in front with a detached bungalow house in back. This tremendous location is situated just one-half mile (0.5 mi) from the Metro Gold Line station to the North and the restaurants of S. Lake Ave and famous Shoppers Lane to the South. The four spacious units in front feature a great unit mix of a two-story 4 bedroom + 2 bath townhouse unit and three 2 bedroom + 1.5 bath units. The detached 1 bedroom + 1 bath bungalow in back is close to 700 SF (Buyer to verify) with its own dedicated carport and private back yard. There are 4 covered parking spaces that can park 2 cars tandem for the front units and two more spaces for detached house, so 10 on-site parking spaces. Enclosed storage rooms and two units have private, fenced patio area. The property is separately metered for gas and electricity with a community laundry room and central water heater. Situated on a 9,948 SF lot with a high-density zoning of RM-48, the property directly across the street with a similar lot size currently has 9 Townhome units being developed. There is potential to create an ADU within the property (Buyer to verify with City). For an investor, this property presents the opportunity to achieve a much higher rental income as units become vacant since the property is under Pasadena Rent Control laws. Given the location, property features and incredibly strong rental demand of Pasadena, this multifamily property is a very strong long-term investment and hedge against inflation.
- Listed by Alexander Metaxas • DRE #01784652 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
- Listed by Benjamin J. Hsiang • DRE #01438644 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
Property Details for 175 North Catalina Avenue
Zoning
PSR4
Parcel Number5738003008
Total Units5.0
Living Area5264
Source Living AreaVendor Enhanced
AreaPasadena SE (648)
Vacancy Rate0%
Lot Size Area9948
Location
LISTING UPDATED: 10/17/2023 09:20 AM
Property Details for 175 North Catalina Avenue
Status | Sold |
---|---|
MLS # | 23-270989 |
Days on Market | 107 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.23 AC / 9,948 SF |
County | Los Angeles County |
Location
Building Information for 175 North Catalina Avenue
Stories-Residences-Year Built1964Building Size-Lot Size0.23 AC / 9,948 SF
Payment Calculator
$8,005 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 175 North Catalina Avenue
Property History for 175 North Catalina Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 175 North Catalina Avenue
Taxable ValueLand$73,471Additions$192,953Total$266,424
Tax Record2023$4,377 ($365 / month)
Home Facts
Total Finished SqFt5,264 SqFtAbove Grade Finished SqFt5,264 SqFtLot Size9,948 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningPSR4CountyLOS ANGELESAPN5738-003-008
Schools near 175 North Catalina Avenue
This home is within Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
McKinley School PublicK to 8 | ||
Blair High School Public6 to 12 | ||
Rose City High (Continuation) 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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