794 East Orange Grove Boulevard

Pasadena, CA 91104

$1,400,000
Last Sold Price
7
Beds
5
Baths
2,894 Sq. Ft.
$484 / Sq. Ft.
2,894
Sq. Ft.
$484
per Sq. Ft.

Description

Bom! This rare opportunity offers 100% vacancy in the five units located in desirable Pasadena. Set on a sizable 9,533 SF lot, it presents investors with tremendous potential and an advantageous outcome; a 7.2% cap rate and 10.5 GRM expected following renovations. All of the units are dazzling bungalow styles, composed of two duplexes - one at the front, one at the back - and a standalone house in between them. There are preliminary plans to add either an attached ADU to the front garages or two...Bom! This rare opportunity offers 100% vacancy in the five units located in desirable Pasadena. Set on a sizable 9,533 SF lot, it presents investors with tremendous potential and an advantageous outcome; a 7.2% cap rate and 10.5 GRM expected following renovations. All of the units are dazzling bungalow styles, composed of two duplexes - one at the front, one at the back - and a standalone house in between them. There are preliminary plans to add either an attached ADU to the front garages or two detached ADUs in the rear for increased value. Its prime location puts investors only minutes away from notable shops and eateries in Old Town Pasadena, Rose Bowl Stadium and Cal-Tech. Ready for those that crave to bring their own creative vision; additionally, each unit is metered separately for gas and electricity.
  1. Listed by Julio Ruiz • DRE #01911261 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
  2. Listed by Armin Soleimani • DRE #01846872 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.

Property Details for 794 East Orange Grove Boulevard

Zoning
PSR1
Style
Craftsman
Parcel Number
5731013004
Total Units
5.0
Living Area
2894
Source Living Area
Vendor Enhanced
Area
Pasadena NE (646)
Vacancy Rate
3%

Location

Listing Courtesy of Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261; Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872

Sold By SOUTHLAND, Out of Area Southland, DRE #0

Add your commute
LISTING UPDATED: 04/10/2023 05:20 PM

Property Details for 794 East Orange Grove Boulevard

StatusSold
MLS #23-229295
Days on Market82
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.22 AC / 9,533 SF
CountyLos Angeles County

Location

Listing Courtesy of Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261; Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872

Sold By SOUTHLAND, Out of Area Southland, DRE #0

Add your commute

Building Information for 794 East Orange Grove Boulevard

Stories1Residences-Year Built1923Building Size-Lot Size0.22 AC / 9,533 SF

Payment Calculator

$7,640 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 794 East Orange Grove Boulevard

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: Bungalow
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $159,177
  • Net Operating Income: $123,766.00
  • Gross Income: $164,100
  • Cap Rate: 7.20%
  • Gross Rent Multiplier: $10.50
  • Total Annual Expense: 35411
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2189
  • Lot Size Square Feet: 9533
Parking Details
Parking Details
  • Parking Garage: Driveway Gate
  • Total Parking: 0
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-04-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,245.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,245.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,645.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,645.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,995.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,995.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,395.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,395.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,395.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,395.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $200,000.00
  • Assessed Improvement Percent: 23.26
  • Assessed Land Value: $660,000.00
  • Assessed Land Percent: 76.74
  • Assessed Total Value: $860,000.00

Property History for 794 East Orange Grove Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 794 East Orange Grove Boulevard

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 - 9 to 12
Rating
School
Distance
Madison Elementary School
PublicK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Rose City High (Continuation) School
Public9 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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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 Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261; Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872

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.