429 N Hill Avenue Pasadena, CA ^$ 2,050,000

429 N Hill Avenue

^$ 2,050,000

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429 N Hill Avenue

Pasadena, CA, 91106

^$ 2,050,000

Studio Baths0.0 Sq 4,228

Monthly Estimate*

^$ 14,320

Listed by ReMax Sky

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429 N Hill Avenue, Pasadena, CA 91106 - Image 10

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Studio

Commercial Property for sale in Pasadena, CA

for $2,050,000. This 4,228 square foot building was built in 1959 on a lot size of 0.2621.

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

Commercial Active

Price

^$ 2,050,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

MultiFamily

Lot Size

0.2621

Year Built

1959

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

DW20098445

Days on Market

1,449

Features

General

Heating Central

Cooling CentralAir WallWindowUnits

Zoning PSR4

Year Built 1959

Property SubType MultiFamily

County Los Angeles

Net Operating Income 101695.35

Operating Expense 35464.65

Insurance Expense 2490.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 210 exit Hill head north

City Pasadena

View Y/N N

Senior Community Y/N N

Open Parking Spaces 5.0

Total Units 7

MLS Area 645 - Pasadena (NW)

Lot Size Square Feet 11415.0

Private Pool N

Waterfront Y/N N

Carport Spaces 3.0

Carport Y/N Y

Number of Units Leased 6

Street Name Hill

Listing Terms CashtoNewLoan

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 1772.0

Water Sewer Expense 3538.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 1344

Building Area Units SquareFeet

Standard Status Active

Occupancy Description Tenant

Year Built Source Assessor

Property Sub Type Additional MultiFamily

Exterior

Lot Features Item610UnitsAcre

Water Source Public

Total Parking 8.0

Lot Size Area 11415.0

Number of Buildings 2

Spa N

Building Area Total 4228.0

Lot Dimensions 11415

Lot Size Acres 0.2621

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Electric On Property Y/N N

Internal Only

Street Number 1 429

* Excluded Features

List By

Remax Sky

Broker

(562) 674-3200

Phone

Affordability Calculator

$14,320

Per Month

Monthly Principal & Interest: $14,320
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Pasadena, CA

Average List Price ^$2,015,475

Percent of Sale Price 2%

About Pasadena, CA

141,450 Population

6% Since 2002

^$77,514 Median Income

39.52 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/9/2024	$2,050,000	-0.92%	Price Down
3/13/2024	$2,069,000	-0.53%	Price Down
2/23/2024	$2,080,000	-0.95%	Price Down
9/30/2023	$2,100,000		Listed Price

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429 N Hill Avenue, Pasadena, CA, 91106 is a Commercial Property for sale at $2,050,000 with 4,228 sqft and a lot size of 0.2621. 429 N Hill Avenue is a studio with 0.0 baths and was built in 1959. The property's zip code is 91106 which is in Pasadena, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/11/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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429 N Hill Avenue

Commercial Property for sale in Pasadena, CA

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