343 West Howard Street

Pasadena, CA 91103

$1,760,000
Price
8
Beds
4
Baths
3,408 Sq. Ft.
$516 / Sq. Ft.
3,408
Sq. Ft.
$516
per Sq. Ft.

Description

343 W Howard St, a single story 4-unit apartment in the highly desirable location in the City of Pasadena, CA. This offering provides an extremely rare opportunity for investors to acquire an attractive apartment community in one of most desirable sub-market throughout San Gabriel Valley. There is NO LOCAL rent control in Pasadena which allows maximum rent increase of 5% + CPI per AB1482. The property has been updated and upgraded with many capital improvements completed recently. It has an excellent...343 W Howard St, a single story 4-unit apartment in the highly desirable location in the City of Pasadena, CA. This offering provides an extremely rare opportunity for investors to acquire an attractive apartment community in one of most desirable sub-market throughout San Gabriel Valley. There is NO LOCAL rent control in Pasadena which allows maximum rent increase of 5% + CPI per AB1482. The property has been updated and upgraded with many capital improvements completed recently. It has an excellent curb appeal with well-manicured landscaping in the front. It was built in 1964 and has ±3,408sf building size on a ±8,802sf lot. It offers an excellent unit mix of ALL 2-bedroom units with each unit has around ±850sf in size. All four units have been completely upgraded with attention to detail. Each unit has new flooring throughout, new kitchen with shakers cabinets, quartz countertops and stainless-steel kitchen appliances, new tiled bathroom with new vanities, in-unit laundry machines (seller own machines), and updated ceiling light. Each unit has individual water heater and separately metered for electricity and gas. Parking is provided by a detached carport in the back (total there are 5 spaces – 1 space can be rented out); this property DOES NOT require any soft-story parking retrofit. Some of the capital improvements completed are new exterior paint, new double pane windows, all units upgraded, copper pipe in each unit, and re-lined sewer pipe from building to city connection (buyer to verify). The property is located just less than a mile from Brookside Golf Course and ±1.3miles from the world renown Rose Bowl Stadium. It is also minutes from Old Town Pasadena, Lake Ave District, The Paseo on Colorado, museums, theaters, entertainments, groceries, cafes, shops, and other fantastic amenities in Pasadena. It has a good demographics of $102,604 average household income within a 1-mile radius. The property has superb access to FWY 210 and 110 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway. It is minutes away from FWY 110 that connect to Downtown Los Angeles.

Property Details for 343 West Howard Street

View
None
Parking Spaces Total
5
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3408

Location

Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321
Add your commute
LISTING UPDATED: 08/05/2022 11:18 PM

Property Details for 343 West Howard Street

StatusActive
MLS #AR22173181
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.20 AC / 8,802 SF
CountyLos Angeles County

Location

Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321
Add your commute

Building Information for 343 West Howard Street

Stories1Residences-Year Built1964Building Size-Lot Size0.20 AC / 8,802 SF

Payment Calculator

$7,814 per month

30 year fixed, 3.85% Interest

Principal and Interest

$6,601

Property Taxes

$1,213

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 343 West Howard Street

Rental Info
    Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
    Income Details
  • Gross Income: $96,000
  • Gross Scheduled Income: $96,000
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $93,120
  • Net Operating Income: $65,488
  • Gross Multiplier: 18.33
  • Cap Rate: 3.73
  • Current Financing: Conventional
    Expense Details
  • Operating Expense: $27,632
  • New Taxes Expense: $18,763
  • Gardener Expense: $1,200
  • Insurance Expense: $2,192
  • Maintenance Expense: $1,529
  • Trash Expense: $0
  • Water Sewer Expense: $2,602
  • Total Expenses: $27,632
    Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 4609.00
  • CFD/Mello-Roos Fee: $1,090
  • Tax Lot: 16
Community / Development
    Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Suburban, Valley
Property / Structure Info
    Interior Features
  • Appliances: Gas Range, Microwave, Refrigerator, Water Heater
  • Equipment: Dryer, Dryer Included, Inside, Microwave, Refrigerator, Washer, Washer Included
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate, Vinyl, Wood
    Exterior Features
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
    Land/Lot Info
  • Lot Features: Level with Street, Lot 6500-9999, Rectangular Lot, Near Public Transit
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • 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: 0
  • Parking: Yes
  • Parking Garage: Carport, Driveway
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Carport Spaces: 5
  • Parking Features: Carport, Detached Carport, Covered, Driveway
Unit Information
    Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $8,000
  • Unit Type Pro Forma: 9600
  • Unit Type Type: 1
    Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4
  • Number Wall AC: 4

Property History for 343 West Howard Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 343 West Howard Street

Taxable ValueLand$757,770Additions$505,180Total$1,262,950
Tax Record2021$14,554 ($1,213 / month)
Home Facts
Total Finished SqFt3,408 SqFtAbove Grade Finished SqFt3,408 SqFtLot Size8,802 SqFtStyleQuadraplexYear Built1964Year Renovated1964ZoningPSR1CountyLOS ANGELESAPN5825-021-029

Schools near 343 West Howard Street

This home is within Pasadena Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
RatingSchoolDistance
Jackson Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

John Muir 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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343 West Howard Street is a multi-family home for sale in Pasadena, CA 91103. This property was listed for sale on August 5, 2022 by GIG Real Estate Inc. at $1,760,000. It has been on the market for a total of 7 days and was last sold on February 13, 2020. This listing's school district is Pasadena Unified School District. Nearby schools include Jackson Elementary School, Washington Middle School and John Muir High School. 343 West Howard Street is a 8-bed, 4-bath, 3,408 sqft multi-family home built in 1964.

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. OriginPoint LLC is an affiliate of the Compass companies (OriginPoint LLC and Compass, each an “Affiliate”). As Affiliates, any referral by one Affiliate to the other may provide the referring company, its affiliates, and/or their employees with a financial or other benefit. You are not required to use OriginPoint and are free to shop around and compare the terms of other providers.

Listing Courtesy of GIG Real Estate Inc., Handoko 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 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 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.