For Sale
(MLS-listed)
$1,110,000
405 North MENTOR Ave Pasadena, CA 91106
| Beds: | 5 |
| Baths: | 5 |
| Sq. Ft.: | 3,808 |
| $/Sq. Ft.: | $291 |
| Lot Size: | 10,824 Sq. Ft. |
| Property Type: | Multi-Family |
| Style: | Two Level, California Bungalow |
| Year Built: | 1908 |
| Community: | Northwest Pasadena |
| County: | Los Angeles |
| MLS#: | A09117379 |
| Source: | MRMLS |
| Status: | Active |
| On Redfin: | 25 days |
405 N Mentor Ave is a non rent control, well maintained bungalow style apartment building located close to Bungalow Heaven district in City of Pasadena. The property is separately metered for gas and electric, new roof, copper plumbing throughout and an updated electrical wiring. Property also has solar powered water heaters providing hot water for the entire building. Some of the units have hardwood floor, tiled kitchen and tiled bathroom. Current financing is assumable with favorable terms and interest rates. The property is being sold together with 638 N Mar Vista Ave, Pasadena. Buyer can purchase this property together or individually. Property is within 1 mile radius of Old-Town Pasadena, providing tenants with all amenities Pasadena has to offer. Pasadena City College, and Colorado Blvd corridor is just minutes away from the property.
Laundry Information
- Laundry Area
- Laundry Equipment Owned
Multi-Family Information
- # Leased: 8
- # of Buildings: 2
- # of Electric Meters: 8
- # of Gas Meters: 8
- # of Wall Air Conditioners: 8
- Studio Square Footage: 375
- 1 Bedroom Square Footage: 513
- 2 Bedroom Square Footage: 700
- Tenant Pays Electricity
- Tenant Pays Gas
Unit 3 Information
- Number: 2
- # of Beds: 1
- # of Baths: 1
- Unfurnished
- Monthly Rent: $975
- Monthly Rent (Total): $1,950
- Projected Monthly Rent (Total): $1,000
Lot Information
- Lot Size (Sq. Ft.): 10,824
- Lot Size Source: Public Records
- Landscaped
Financial Information
- Capitalization Rate (%): 5.55
- Net Operating Income: $61,580
- Monthly Gross Income: $7,325
- Gross Operating Income: $85,845
- Gross Scheduled Income: $88,500
- Laundry Income: $50
- Actual Rent (Total): $7,325
- Gross Rent Multiplier: 12.54
- Tax (Total): $4,794
- Tax Rate Year: 2008
- Vacancy Allowance (%): 3
Parking Information
- # of Parking Spaces (Total): 6
- # of Other Spaces: 6
- Other (See Remarks)
Unit 1 Information
- Number: 1
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,175
- Monthly Rent (Total): $1,175
- Projected Monthly Rent (Total): $1,175
Unit 4 Information
- Number: 3
- # of Baths: 1
- Unfurnished
- Monthly Rent: $775
- Monthly Rent (Total): $2,325
- Projected Monthly Rent (Total): $775
Location Information
- Cross Streets: Maple St
- Driving Directions: From 210 Fwy exit Lake Ave, go north, turn right on Villa St, turn right on Mentor Ave, property is on right hand side
- Legal Tract #: 41899
- Legal Lot #: 7
Expense Information
- Total Annual: $24,265
- Operating: $24,265
Community Features
- Units in Complex (Total): 8
Unit 2 Information
- Number: 1
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,125
- Monthly Rent (Total): $1,125
- Projected Monthly Rent (Total): $1,125
Unit 5 Information
- Number: 1
- # of Baths: 1
- Unfurnished
- Monthly Rent: $750
- Monthly Rent (Total): $750
- Projected Monthly Rent (Total): $750
Property Information
- Land Lease Type: Fee
- Tax Parcel Number: 5732017027
- Legal Disclosures: Unknown Property Assessments
Listing Information
- MLS: MRMLS
- Listing Terms: Standard Sale
- Listing Terms: Cash
- Listing Terms: Cash To Existing Loan
- Listing Terms: Cash To New Loan
- Listing Terms: Assumable
Listing last changed
November 6, 2009, 11:06 AM
Overhead View of 405 North MENTOR Ave, Pasadena, CA 91106
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Property History for 405 North MENTOR Ave
| Date | Event | Price | Appreciation | Source |
|---|---|---|---|---|
| Nov 06, 2009 | Price Changed | $1,110,000 | -- | MRMLS #A09117379 |
| Nov 03, 2009 | Listed | $1,100,000 | -- | MRMLS #A09117379 |
Public Facts for 405 North MENTOR Ave
| Beds: | 9 |
| Baths: | 7.0 |
| Finished Sqft: | 3808 |
| Unfinished Sqft: | - |
| Total Sqft: | 3808 |
| Floors: | - |
| Lot Size: | 10,829 |
| Style: | Multi-Family (5+ Unit) |
| Year Built: | 1908 |
| Year Renovated: | - |
| County: | Los Angeles County |
| APN: | 5732017027 |
| Last Updated: | November 17, 2009 |
These facts may not match MLS-provided listing facts.
Learn more.
Source: Public Records
Property Tax
| Taxable Value | |
| Land | $75,124 |
| Additions | $281,554 |
| Total | $356,678 |
| Tax (2008) | $4,795 |
Home Value Estimates for 405 North MENTOR Ave
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Nearby Similar Listings
More Info
Closest listings similar to 405 North MENTOR Ave:
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$799,000
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$895,000
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$1,600,000
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| Range: | $799,000 - $1,600,000 |
| Average: | $263/Sq. Ft. |
Nearby Similar Sales
More Info
Closest homes similar to 405 North MENTOR Ave, which sold within the past six months:
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$785,000
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|
|
$585,000
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|
$1,200,000
90 South MERIDITH Ave Sold on Oct 30, 2009 |
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| Range: | $585,000 - $1,200,000 |
| Average: | $218/Sq. Ft. |
Link to this page at
http://www.redfin.com/CA/Pasadena/405-N-Mentor-Ave-91106/home/7195094
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