429 North Hill Avenue

Pasadena, CA 91106

$2,069,000
Price
—
Beds
4,228 Sq. Ft.
$489 / Sq. Ft.
4,228
Sq. Ft.
$489
per Sq. Ft.

Description

Back on the market A TRULY UNIQUE AND EXCITING OPPORTUNITY FOR INVESTORS in a fantastic location in Pasadena. The unit mix consists of (1) 4 bedroom/ 2-bathroom, (1) 2-bedroom/1- bathroom, (4) 1- bedroom/ 1-bathroom, and (1) studio. The 4-bedroom and 2-bedroom units contain central A/C & heating with wall A/C and furnace in the others. Great curb appeal. Great. Units are in good condition. The lot size, at 11,414 SF is HUGE, with individual garage spaces, carport parking and plenty of open pavement...Back on the market A TRULY UNIQUE AND EXCITING OPPORTUNITY FOR INVESTORS in a fantastic location in Pasadena. The unit mix consists of (1) 4 bedroom/ 2-bathroom, (1) 2-bedroom/1- bathroom, (4) 1- bedroom/ 1-bathroom, and (1) studio. The 4-bedroom and 2-bedroom units contain central A/C & heating with wall A/C and furnace in the others. Great curb appeal. Great. Units are in good condition. The lot size, at 11,414 SF is HUGE, with individual garage spaces, carport parking and plenty of open pavement for additional parking. Street parking without permits is allowed as well!. Laundry machines are owned by landlord, not rented, and will transfer to the new owners for additional income. The location is convenient and accessible with instantaneous freeway access, close to Old Town and and the fun Pasadena sports. The school district and amenities make this a highly desirable and in-demand rental community
  1. Listed by Veva Gonzalez • DRE #01350526 • Brokerage DRE #01470385 • ReMax Sky • 213-804-5833
  2. Listed by Julio Midolo • DRE #01470385 • Brokerage DRE #01470385 • ReMax Sky

Property Details for 429 North Hill Avenue

Parking Spaces Total
8
Total Units
7.0
Lot Size Source
Assessor
Lot Size Dimensions
11415
Building Area Total
4228
Building Area Units
Square Feet
Stories Total
2
Zoning
PSR4

Location

Listing Courtesy of ReMax Sky, Veva Gonzalez, DRE #01350526; ReMax Sky, Julio Midolo, DRE #01470385
Add your commute
LISTING UPDATED: 03/13/2024 04:57 AM

Property Details for 429 North Hill Avenue

StatusActive
MLS #DW20098445
Days on Market1332
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1959
Lot Size0.26 AC / 11,415 SF
CountyLos Angeles County

Location

Listing Courtesy of ReMax Sky, Veva Gonzalez, DRE #01350526; ReMax Sky, Julio Midolo, DRE #01470385
Add your commute

Building Information for 429 North Hill Avenue

Stories2Residences-Year Built1959Building Size-Lot Size0.26 AC / 11,415 SF

Payment Calculator

$13,420 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,291

Property Taxes

$2,129

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 429 North Hill Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $137,160
  • Net Operating Income: $101,695
  • Laundry Income: $480
Expense Details
  • Operating Expense: $35,465
  • Insurance Expense: $2,490
  • Maintenance Expense: $2,400
  • Professional Management Expense: $0
  • Other Expense: $2,680
  • Trash Expense: $1,772
  • Water Sewer Expense: $3,538
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Own
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Land Lease: No
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 5
  • Carport Spaces: 3
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $875
  • Unit Type Type: 1
  • Unit Type Description: only one rented room
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,070
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,500
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,600
  • Unit Type Type: 5
  • Unit Type Description: Studio
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,600
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $0
  • Unit Type Type: 7
  • Unit Type Description: Owner occupied
Unit Information
  • Number Of Units Leased: 6
  • Number Of Buildings: 2

Property History for 429 North Hill 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 429 North Hill Avenue

Taxable ValueLand$1,312,620Additions$877,465Total$2,190,085
Tax Record2023$25,548 ($2,129 / month)
Home Facts
Total Finished SqFt4,228 SqFtAbove Grade Finished SqFt4,228 SqFtLot Size11,415 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningPSR4CountyLOS ANGELESAPN5739-001-055

Schools near 429 North Hill 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
Jefferson Elementary School
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.

Similar Homes

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429 North Hill Avenue is a multi-family home for sale in Pasadena, CA 91106. This property was listed for sale on May 23, 2020 by ReMax Sky, it's currently listed at $2,069,000. It has been on the market for a total of 1332 days and was last sold on January 19, 2017. This listing's school district is Pasadena Unified School District. Nearby schools include Jefferson Elementary School, Charles W. Eliot Middle School and Pasadena High School. 429 North Hill Avenue is a 0-bed, 0-bath, 4,228 sqft multi-family home built in 1959.

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 ReMax Sky, Veva Gonzalez, DRE #01350526; ReMax Sky, Julio Midolo, DRE #01470385

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.