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$1,750,000   Price Analysis
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1429 N Altadena Dr
Pasadena, CA 91107
6 bed 5 bath 3,353 SqFt ($521/SqFt)
6,004SqFt lot. Built 1950
Listed 2024-03-09, Taxes $13,616
Ⓧ USDA Ineligible
due to price & location

near Pasadena

$150

* Has Contingent Offer *

000 Price Reduction 1429 N Altadena Drive is a quintesse ntial 5-unit apartment building nestled in the heart of Pasadena. Constructed in 1950, this charming property showcases a distinctive unit mix, featuring (1) open two-bedroom, one-bath unit and (4) cozy one-bedroom, one-bathroom units. Meticulously maintained over the years, the property exudes a timeless appeal and offers ample amenities for residents.

In addition to convenient street parking available in the front, the property also provides five garages situated at the rear, ensuring residents' comfort and convenience. With its prime location and well-appointed features, 1429 N Altadena Drive presents an exceptional opportunity for both nvestors and tenants alike.


Presented by Daniel Withers at
Matthews Real Estate Investment Services.


Property MLS #24-366789 from TheMLSCLAW

Bedrooms: 6

Total Bathrooms: 5
Full Bathrooms: 5

Lot Size Acres: 0.1378329
Lot Size Square Feet: 6004

Parking Total: 5

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 5
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 7450, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2145

Source Listing Status: Active Under Contract
County: Los Angeles
Cap Rate: 4.21
Directions: North of E Washington Blvd; South of Garfias Dr
Source Property Type: Residential Income
Area: Pasadena NE
Source Neighborhood: Pasadena NE
Parcel Number: 5853-021-010
Postal Code Plus 4: 1434
Zoning: LCR3YY
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$577,942 + $472,859
$1,050,801
$13,616
2021$566,610 + $463,588
$1,030,198
$12,809
2020$560,801 + $458,835
$1,019,636
$12,341
2019$549,805 + $449,839
$999,644
$12,369
2018$539,025 + $441,019
$980,044
$12,534
2017$528,456 + $432,372
$960,828
$12,364
2016$518,095 + $423,895
$941,990
$12,139
2015$510,313 + $417,528
$927,841
$12,010
2014$500,317 + $409,350
$909,667
$11,488
2013$498,056 + $407,500
$905,556
$11,470
2012$488,291 + $399,510
$887,801
$11,351
2010$478,717 + $391,677
$870,394
$10,911
2009$476,269 + $389,674
$865,943
$10,977
2009$475,140 + $388,750
$863,890
$10,977
2008$466,931 + $382,034
$848,965
$10,322
2007$457,776 + $374,544
$832,320
$10,012

Price Changed 2024-05-10
$1,750,000
TheMLSCLAW
Listed 2024-03-09
$1,900,000
TheMLSCLAW
Listing removed 2020-07-27
$1,750
CRMLS
Listing removed 2019-05-07
$0
CRMLS
Price Changed for rent 2019-04-20
$1,700
CRMLS
Listed for rent 2019-04-07
$1,750
CRMLS
Listing removed 2011-01-19
$1,175
CRMLS
Listing removed 2011-01-17
$1,175
SoCalMLS
Listed for rent 2010-12-31
$1,175
CRMLS
Listed for rent 2010-12-30
$1,175
SoCalMLS
Sold 2004-12-20
$800,000
Public Record
Sold 1975-06-13
$59,800
Public Record

Net Operating Income: 73592

Total Square Feet Living: 3353
Year Built: 1950
Levels: Two Level
Property Age: 74

Daniel Webster is a public elementary school located approximately 0.5 miles away.
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Pasadena High School is a public high school located approximately 0.7 miles away.
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Charles W. Eliot Middle School is a public middle school located approximately 2 miles away.
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Weizmann Day School is a private elementary and middle school located approximately 0.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.