267 Barthe Dr

Pasadena, CA 91103

$3,050,000
Last Sold Price
26
Beds
18
Baths
11,117 Sq. Ft.
$274 / Sq. Ft.
11,117
Sq. Ft.
$274
per Sq. Ft.
Sold 10/31/23
Sold 10/31/23
a front view of a house with a yard and tree
a view of house with backyard and trees
a view of a balcony with stairs
a front view of a house with garden
a view of a house with a backyard
a view of a house with a small yard and potted plants
a view of a house with a outdoor space
a view of a car in front of house
an aerial view of a house with a yard and garden
a view of a backyard with plants and outdoor seating

Description

I am pleased to offer for sale Pasadena Gardens, a 18-unit apartment community located at 267 Barthe Drive. The subject property is located south of Mountain Street and east of the 210 Freeway. The building is within a 5-minute drive to a slew of vibrant restaurants, cafes, bars, theaters, grocery stores, gyms, and entertainment choices on Lake Avenue, Colorado Boulevard, and South Arroyo Parkway. The property is in a location that is safe, attraction-rich, and near renowned schools and strong employment...I am pleased to offer for sale Pasadena Gardens, a 18-unit apartment community located at 267 Barthe Drive. The subject property is located south of Mountain Street and east of the 210 Freeway. The building is within a 5-minute drive to a slew of vibrant restaurants, cafes, bars, theaters, grocery stores, gyms, and entertainment choices on Lake Avenue, Colorado Boulevard, and South Arroyo Parkway. The property is in a location that is safe, attraction-rich, and near renowned schools and strong employment drivers like California Institute of Technology, Jet Propulsion Laboratory, and Fuller Theological Seminary. Situated on a 21,376 square foot parcel, the property is comprised of one studio, eight one-bedroom units, and nine two-bedroom units. The property has 122% remaining rental upside through unit renovations. Pasadena Gardens presents investors a unique opportunity to attain a rare mid-sized asset in a prime Pasadena location that is a short distance to the most attractive thoroughfare in the submarket. This area is currently undergoing a burgeoning gentrification that will support continued rental growth for a new investor who is looking to capitalize on the value-add potential this asset offers.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 267 Barthe Drive

Zoning
PSR1
Parcel Number
5726008019
Total Units
18.0
Living Area
11117
Source Living Area
Assessor
Area
Pasadena NW (645)
Vacancy Rate
1
Lot Size Area
21376
LISTING UPDATED: 11/02/2023 11:22 AM

Property Details for 267 Barthe Drive

StatusSold
MLS #23-300163
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.49 AC / 21,376 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Sold By Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Add your commute

Building Information for 267 Barthe Drive

Stories2Residences-Year Built1959Building Size-Lot Size0.49 AC / 21,376 SF

Payment Calculator

$18,118 per month

30 year fixed, 6.15% Interest

Principal and Interest

$14,865

Property Taxes

$3,253

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 267 Barthe Drive

Community / Development
Community / Development
  • Number Of Units: 18
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $213,752
  • Net Operating Income: $109,400.00
  • Gross Income: $217,260
  • Gross Scheduled Income: $217,260
  • Cap Rate: 2.88%
  • Gross Rent Multiplier: $17.49
  • Total Annual Expense: 104352
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.4907
  • Lot Size Square Feet: 21376
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 17
  • Covered Parking: 17
  • Parking Features: Carport
Interior Features
Interior Features
  • Cooling: Other/Remarks
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 08-11-2023
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,400.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $847.00
  • Unit Actual Rent: $847.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 8
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,103.00
  • Unit Actual Rent: $1,103.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 9
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $179,028.00
  • Assessed Improvement Percent: 88.48
  • Assessed Land Value: $23,303.00
  • Assessed Land Percent: 11.52
  • Assessed Total Value: $202,331.00

Property History for 267 Barthe Drive

DateEvent & SourcePriceAppreciation
Oct 31, 2023

Sold

CRMLS #23300163

$3,050,000—
Oct 31, 2023

Sold

CLAW #23-300163

$3,050,000—
Oct 31, 2023

Sold

SDMLS #23-300163

$3,050,000—
Oct 12, 2023

Sold (Public Record)

Public Record #1520987055

$3,050,000—
Aug 21, 2023

Pending

SDMLS #23-300163

—
Aug 21, 2023

Pending

CLAW #23-300163

—
Aug 21, 2023

Accepting Backup Offers

CRMLS #23300163

—
Aug 21, 2023

Accepting Backup Offers

CLAW #23-300163

—
Aug 11, 2023

Listed (Active)

CRMLS #23300163

$3,800,000—
Aug 11, 2023

Listed (Active)

CLAW #23-300163

$3,800,000—
Aug 11, 2023

Listed (Active)

SDMLS #23-300163

$3,800,000—
DateEvent & SourcePrice
10/31/2023

Sold

CRMLS #23300163

$3,050,000
10/31/2023

Sold

CLAW #23-300163

$3,050,000
10/31/2023

Sold

SDMLS #23-300163

$3,050,000
10/12/2023

Sold (Public Record)

Public Record #1520987055

$3,050,000
08/21/2023

Pending

SDMLS #23-300163

—
08/21/2023

Pending

CLAW #23-300163

—
08/21/2023

Accepting Backup Offers

CRMLS #23300163

—
08/21/2023

Accepting Backup Offers

CLAW #23-300163

—
08/11/2023

Listed (Active)

CRMLS #23300163

$3,800,000
08/11/2023

Listed (Active)

CLAW #23-300163

$3,800,000
08/11/2023

Listed (Active)

SDMLS #23-300163

$3,800,000

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

Public Records for 267 Barthe Drive

Taxable ValueLand$1,399,950Additions$1,712,850Total$3,112,800
Tax Record2025$39,039 ($3,253 / month)
Home Facts
Total Finished SqFt11,117 SqFtAbove Grade Finished SqFt11,117 SqFtLot Size21,356 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningPSR1CountyLOS ANGELESAPN5726-008-019

Schools near 267 Barthe Drive

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Aveson School Of Leaders
Charter - K to 5
Octavia E. Butler Magnet School
Public - 6 to 8
John Muir High School
Public - 9 to 12
Learning Works School
Charter - 7 to 12
Rating
School
Distance
Aveson School Of Leaders
CharterK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Learning Works School
Charter7 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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Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

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.