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    517 E Washington Boulevard

    Pasadena, CA 91104
    • $3,250,000
    • STATUS: Active Under Contract
    • ON SITE: 37 days
    • ID#: AR21011386
    Under Contract
    UPDATED: 59 min ago
    $3,250,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,340
      SQFT
    • $390
      $/SQFT
    Neighborhood:
    645 - Pasadena (NW)
    Type:
    Multi-Family
    Built:
    1949
    County:
    Los Angeles
    Area:
    645 - Pasadena (NW)

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    Description

    MONTANO VILLAS +GG 517 E Washington Blvd., a 10-unit garden style apartment investment opportunity located in the City of Pasadena, CA. Built in 1949 by the owner+GGs family, this is the first time this property has ever been offered for sale. Long time owned for 72 years; the ownership has completed many significant capital improvements recently. Some of the major improvements are new roof, new Central A/C and heating in each unit, new double pane windows throughout (2008-2009). VILLA MONTANO is a pride-of-ownership attractive two-story garden style gated community that was built in 1949. It has a total of 8,340 SF building size and situated on a +-20,911 SF lot size. It offers an excellent curb appeal with manicured landscaping. The property has 4 patio homes with a semi-private porch and side yard. The 4 patio homes are all 2bedroom+1bathroom units complete with laundry hookups. Each patio home+GGs bathroom has tiled shower + bathtub.The remaining 6 units consist of four (4) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom units. Each unit has central A/C and heating (installed in 2009), double pane windows, original hardwood flooring, stove, and refrigerator. Each of the 4 patio homes have a dishwasher. Each unit has an individual water heater and separately metered for electricity and gas.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-25T13:30:31.047. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.

    www.hometownnorthcounty.com/homes/113374007
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    517 E Washington Boulevard Pasadena, CA 91104

    • Price: $3,250,000
    • Status: Active Under Contract
    • Updated: 59 min ago
    • ID#: AR21011386
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    8,340
    SQFT
    $390
    $/SQFT
    1949
    Built
    Neighborhood:
    645 - Pasadena (NW)
    County:
    Los Angeles
    Area:
    645 - Pasadena (NW)
    Property Description
    MONTANO VILLAS +GG 517 E Washington Blvd., a 10-unit garden style apartment investment opportunity located in the City of Pasadena, CA. Built in 1949 by the owner+GGs family, this is the first time this property has ever been offered for sale. Long time owned for 72 years; the ownership has completed many significant capital improvements recently. Some of the major improvements are new roof, new Central A/C and heating in each unit, new double pane windows throughout (2008-2009). VILLA MONTANO is a pride-of-ownership attractive two-story garden style gated community that was built in 1949. It has a total of 8,340 SF building size and situated on a +-20,911 SF lot size. It offers an excellent curb appeal with manicured landscaping. The property has 4 patio homes with a semi-private porch and side yard. The 4 patio homes are all 2bedroom+1bathroom units complete with laundry hookups. Each patio home+GGs bathroom has tiled shower + bathtub.The remaining 6 units consist of four (4) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom units. Each unit has central A/C and heating (installed in 2009), double pane windows, original hardwood flooring, stove, and refrigerator. Each of the 4 patio homes have a dishwasher. Each unit has an individual water heater and separately metered for electricity and gas.
    Exterior Features

    Carport Spaces 0.00 Garage Spaces 9.00 Lot Features Level With StreetRectangular LotNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedAttached Carport Parking Total 10.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No Uncovered Spaces 1.00 View Mountain(S) View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring See Remarks Heating Central Heating YN Yes Laundry Features Common AreaGas Dryer HookupWasher Hookup Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 0.00 Community Features FoothillsSuburbanValley Country Us Current Financing Conventional Electric Standard Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 0.00 Gross Income 201720.00 Gross Operating Income 195668.00 Gross Scheduled Income 201720.00 Insurance Expense 4016.00 Land Lease YN No Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 0.00 Net Operating Income 136638.00 New Construction YN No New Taxes Expense 33539.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Number Of Units Leased 10 Number With Dishwasher 10 Number With Disposal 10 Number With Range 10 Number With Refrigerator 10 Operating Expense 59031.00 Other Expense 725.00 Other Expense Description Cleaning Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Security Expense 0.00 Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0.00 Tenant Pays ElectricityGas Total Actual Rent 16710.00 Total Expenses 59031.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Workmans Compensation Expense 0.00 Year Built Source Assessor Zoning Psr3

    Listing provided courtesy of Handoko Chen of Gig Real Estate Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-25T13:30:31.047. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.

     
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