72 El Nido Avenue

Pasadena, CA 91107

$1,550,000
Last Sold Price
15,990 / 0.37
Lot Size / Acres

Description

Discover a hidden gem in the heart of Southwest Pasadena with a house and 4-unit (5 units total) all single-story apartment complex. Nestled in a quiet residential area, this property boasts a spacious 3-bed, 2.5-bath house, one studio, and three 1-bed, 1-bath units on a generous 15,990 sq ft RM32 lot. The possibilities are endless with this unique and exciting investment opportunity. This property is zoned RM32 for possible development of an 8-9 unit project, and there is potential to convert the...Discover a hidden gem in the heart of Southwest Pasadena with a house and 4-unit (5 units total) all single-story apartment complex. Nestled in a quiet residential area, this property boasts a spacious 3-bed, 2.5-bath house, one studio, and three 1-bed, 1-bath units on a generous 15,990 sq ft RM32 lot. The possibilities are endless with this unique and exciting investment opportunity. This property is zoned RM32 for possible development of an 8-9 unit project, and there is potential to convert the six single car garages to two ADUs. It's perfect for owner occupancy, where you can enjoy the beauty of the 3-bed, 2.5-bath house and earn additional income from the other 4 units. Conveniently located with easy freeway access and just minutes from Old Town, this property is highly desirable and in-demand for renters. It's also situated within a short distance from Pasadena City College, Cal Tech, The Rose Bowl, and the Rose Parade Route. Plus, you'll have easy access to all the fine restaurants on Colorado Boulevard. Whether you're looking to invest, develop, or live in this hidden gem, this property has limitless potential. Don't miss out on this rare opportunity to own a piece of Southwest Pasadena's best-kept secret.
  1. Listed by Matt Cuong Ly • DRE #01441481 • Brokerage DRE #00616212 • Coldwell Banker Realty

Property Details for 72 El Nido Avenue

View
Mountain(s)
Lot Size Source
Assessor
Assessor Parcel Number
5754-006-017
New Construction
No
Pool
No
View
Yes
Association
No
Association Fee
$.00

Location

Listing Courtesy of Coldwell Banker Realty, Matt Cuong Ly, DRE #01441481

Sold By Pinnacle Real Estate Group, LILLIAN YIN, DRE #01981335

Add your commute
LISTING UPDATED: 08/11/2023 02:29 AM

Property Details for 72 El Nido Avenue

StatusClosed
MLS #AR23083355
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.37 AC
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Matt Cuong Ly, DRE #01441481

Sold By Pinnacle Real Estate Group, LILLIAN YIN, DRE #01981335

Add your commute

Building Information for 72 El Nido Avenue

Lot Size0.37 AC

Payment Calculator

$9,288 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

$829

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 72 El Nido Avenue

Income / Expense / Tax Details
Income Details
  • Financing: Cash
Tax / Assessment Info
  • Tax Block: 15
  • Tax Census Tract: 4632.00
  • CFD/Mello-Roos Fee: $1,580
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Distance To
  • Distance To Water: 0
Land/Lot Info
  • Lot Features: 31-35 Units/Acre
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Water Source: Public
Parking Info
  • Carport Spaces: 0

Property History for 72 El Nido 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 72 El Nido Avenue

Taxable ValueLand$574,705Additions$178,587Total$753,292
Tax Record2023$9,951 ($829 / month)
Home Facts
Total Finished SqFt4,914 SqFtAbove Grade Finished SqFt4,914 SqFtLot Size15,990 SqFtStyleMulti-Family Res (5+ Units)Year Built1937ZoningPSR3CountyLOS ANGELESAPN5754-006-017

Schools near 72 El Nido 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
Charter - 6 to 12
Rating
School
Distance
Willard Elementary School
PublicK to 5

Woodrow Wilson Middle School
Public6 to 8

Pasadena High School
Public9 to 12

Aveson Global Leadership Academy
Charter6 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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Similar Sold Homes

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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 Coldwell Banker Realty, Matt Cuong Ly, DRE #01441481

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.