The Encore is an irreplaceable 28-unit apartment building plus two commercial/retail units on the ground floor. The property was built in 2004 and is located in the Playhouse District. The Encore is located a few blocks away from restaurants, shops and entertainment on Colorado Boulevard and minutes away from Old Town Pasadena. Per the Seller, 24 out of the 28 apartments have been renovated with stainless steel appliances, vinyl plank flooring in the kitchen, bathrooms, living room and hallways and carpet in the bedrooms and closets, 4 inch baseboards, paint, fixtures, quartz counter tops in the kitchen and the bathrooms, shaker style cabinets with pulls and newer side by side washer and dryer. All of the apartments have in-unit washer/dryer and most apartments have a balcony. The building has an elevator, central air and heat, gated parking and an interior courtyard. Per the Seller, the exterior of the building has newer paint. Properties like this don't come around for sale that often.
Multi-familyProperty Type
2004Year Built
0.36 acresLot Size
$490Price/Sq.Ft.
64 spacesParking
Listed by Earle Hyman•DRE #00803521
•818-212-2770 (agent)
•Earle.Hyman@MarcusMillichap.com (agent)
Bought with Robert Ip•DRE #01876261• Coldwell Banker Realty Pasadena
The Encore is an irreplaceable 28-unit apartment building plus two commercial/retail units on the ground floor. The property was built in 2004 and is located in the Playhouse District. The Encore is located a few blocks away from restaurants, shops and entertainment on Colorado Boulevard and minutes away from Old Town Pasadena. Per the Seller, 24 out of the 28 apartments have been renovated with stainless steel appliances, vinyl plank flooring in the kitchen, bathrooms, living room and hallways and carpet in the bedrooms and closets, 4 inch baseboards, paint, fixtures, quartz counter tops in the kitchen and the bathrooms, shaker style cabinets with pulls and newer side by side washer and dryer. All of the apartments have in-unit washer/dryer and most apartments have a balcony. The building has an elevator, central air and heat, gated parking and an interior courtyard.Per the Seller, the exterior of the building has newer paint.Properties like this don't come around for sale that often.
TheMLS #20-609264
Dec 3, 2020
Sold
$17,212,500
$490/sq ft
Oct 9, 2020
Pending
—
Sep 17, 2020
Contingent
—
Jul 24, 2020
Listed
$17,450,000
$497/sq ft
Public Records
Oct 24, 2017
Sold
$14,000,000
$399/sq ft
TheMLS #11-559447
May 2, 2012
Sold
$10,500,000
$299/sq ft
Feb 23, 2012
Pending
—
Oct 10, 2011
Listed
$11,000,000
$313/sq ft
Great opportunity to acquire a newer trophy property in Pasadena. Built in 2004, this five story mix use property offers 28 residential apartment units and 2 retail/commercial units. Secured entry and two levels of subterranean parking with 64 spaces. Beautiful courtyard setting. Residential apartments has modern kitchen with microwave and dishwasher, laundry hook ups inside each unit, central air conditioning/heating, and balcony. Individually metered. Great location with easy access to shopping and freeways. Drive by only and please do not disturb tenants.
Public Records
Dec 9, 2008
Sold
$10,500,000
$299/sq ft
Public Records
May 2, 2006
Sold
$11,500,000
$328/sq ft
Public Records
Jun 28, 2001
Sold
$650,000
$19/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$222,513 (+4.5%)
$10,824,321 + $7,807,041
$18,631,362
2024
$212,834 (+0.9%)
$10,824,321 + $7,807,041
$18,631,362
2023
$210,841 (+3.7%)
$10,612,080 + $7,653,962
$18,266,042
2022
$203,397 (+4.3%)
$10,404,000 + $7,503,885
$17,907,885
2021
$194,941 (+21.2%)
$10,200,000 + $7,356,750
$17,556,750
2020
$160,854 (−0.3%)
$10,000,000 + $7,212,500
$17,212,500
2019
$161,302 (−2.2%)
$8,323,200 + $6,242,400
$14,565,600
2018
$164,952 (+20.9%)
$8,160,000 + $6,120,000
$14,280,000
2017
$136,403 (+2.2%)
$6,818,247 + $4,545,496
$11,363,743
2016
$133,527 (+1.2%)
$6,818,247 + $4,545,496
$11,363,743
2015
$131,934 (+2.1%)
$6,684,556 + $4,456,369
$11,140,925
2014
$129,234 (−1.7%)
$6,455,174 + $4,303,449
$10,758,623
2012
$131,511 (+2.3%)
$6,426,000 + $4,284,000
$10,710,000
2011
$128,581 (+1.6%)
$8,201,959 + $2,563,112
$10,765,071
2010
$126,604
$8,041,137 + $2,512,855
$10,553,992
2009
$126,480 (−7.7%)
$7,981,040 + $2,494,075
$10,475,115
2008
$137,008
$8,000,000 + $2,500,000
$10,500,000
Tax history for 712 E Walnut St
Year
Property tax
Land + Additions
Assessment*
2025
$222,513 (+4.5%)
$10,824,321 + $7,807,041
$18,631,362
2024
$212,834 (+0.9%)
$10,824,321 + $7,807,041
$18,631,362
2023
$210,841 (+3.7%)
$10,612,080 + $7,653,962
$18,266,042
2022
$203,397 (+4.3%)
$10,404,000 + $7,503,885
$17,907,885
2021
$194,941 (+21.2%)
$10,200,000 + $7,356,750
$17,556,750
2020
$160,854 (−0.3%)
$10,000,000 + $7,212,500
$17,212,500
2019
$161,302 (−2.2%)
$8,323,200 + $6,242,400
$14,565,600
2018
$164,952 (+20.9%)
$8,160,000 + $6,120,000
$14,280,000
2017
$136,403 (+2.2%)
$6,818,247 + $4,545,496
$11,363,743
2016
$133,527 (+1.2%)
$6,818,247 + $4,545,496
$11,363,743
2015
$131,934 (+2.1%)
$6,684,556 + $4,456,369
$11,140,925
2014
$129,234 (−1.7%)
$6,455,174 + $4,303,449
$10,758,623
2012
$131,511 (+2.3%)
$6,426,000 + $4,284,000
$10,710,000
2011
$128,581 (+1.6%)
$8,201,959 + $2,563,112
$10,765,071
2010
$126,604
$8,041,137 + $2,512,855
$10,553,992
2009
$126,480 (−7.7%)
$7,981,040 + $2,494,075
$10,475,115
2008
$137,008
$8,000,000 + $2,500,000
$10,500,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
59
Baths
56
Stories
—
Lot width
—
Lot depth
—
Lot size
0.36 Acres
Year renovated
2004
Sq. Ft.
35,093
Year built
2004
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
5723013069
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 6, 2026.
Property details
Parking
Garage
Gated
Parking
# of Parking Spaces (Total): 64
Interior
Laundry Information
Laundry in Unit
Equipment
Elevator, Dishwasher, Range/Oven
Heating & Cooling
Central Cooling
Central Heat
Multi-Unit Income
Gross Income: 1086387
Gross Operating Income: $1,055,018
Net Operating Income: $677,859
Multi-Unit Expenses
Total Annual Expense: $377,159
Multi-Unit Other Financial Information
Cap Rate: 3.88
Gross Rent Multiplier: 16.69
Vacancy Rate: 3
Scheduled Actual: Actual
Multi-Unit Information
Unit Type Type: 1, 2
Type Of Units: Apartments
# of Buildings: 1
Has Water Heaters: False
Unit 1 Information
# of Beds: 2
# of Baths: 2.00
Rent: $2,748
Projected Rent: $58,358
Actual Rent: $57,718
# of Units: 21
Unit 2 Information
# of Beds: 3
# of Baths: 2.00
Rent: $3,171
Projected Rent: $22,800
Actual Rent: $22,195
# of Units: 7
Exterior
Building Information
Total Floors: 5
Property Information
Property Type: Residential Income
Land Information
Other Structures: None
Lot Information
Lot Size (Sq. Ft.): 15,482
Lot Size (Acres): 0.3554
Lot Size Dimensions: 107 x 145
Zoning: PSC-
Financial
Assessment Information
Assessed Total Value: $11,363,743
Assessed Land Value: $6,818,247
Assessed Land %: 60
Assessed Improvement Value: $4,545,496
Assessed Improvement %: 40.00
Assessor Parcel Number: 5723-013-069
Location
Community Information
# of Units in Complex (Total): 30
Location Information
Directions: The property is located west of North Lake Avenue, north of Colorado Boulevard and south of the 210 Freeway on the southwest corner of East Walnut Street and North Oak Knoll Avenue.
Public facts
Beds: 59
Baths: 56.0
Sq. Ft.: 35,093
Stories: —
Lot Size: 0.36 acres
Style: Multi-Family (5+ Unit)
Year Built: 2004
Year Renovated: 2004
County: Los Angeles County
APN: 5723013069
Home facts updated by county records on Jul 6, 2026
Other
Documents & Disclosures
Disclosures: As Is
Around this home
Schools
McKinley School
Public K-8 • Assigned • 0.7mi
2/10
Blair High School
Public 6-12 • Assigned • 1.7mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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