ActiveResidential · sale

345 E Colorado Boulevard 404

Pasadena, CA 91101

$3,850,000

  • 4 beds
  • 5 baths
  • 4,135 sq ft
  • 0.7 acres
  • Built 2007

Listed by Riviera Properties · MLS #NP26070995

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345 E Colorado Boulevard 404, Pasadena, CA 91101 · MLS #NP26070995

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

Relish front-row views from your living room of the world-famous Rose Parade as it proceeds along Colorado Boulevard, part of Historic Route 66.

Year built

Built in 2007.

Garage parking

3 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

PASADENA - Experience the pinnacle of sophisticated city living in the heart of downtown Pasadena, where this opulent apartment-style residence offers panoramic views, high style and a stellar location. One of only 28 luxury condos in The Montana, a highly sought-after amenity-rich mixed-use building, this extraordinary single-level home hosts four bedrooms, and office/den with wet bar, and four- and one-half baths in approximately 4,135 square feet. Every detail is superb, including custom wall treatments, contemporary designer lighting fixtures, wood and natural stone flooring, 10' ceilings, solid stained-wood interior doors, custom paint, and a gallery-style grand hall with recessed barrel ceiling treatments. City views catch the eye upon entry in the formal foyer, which leads to a fireplace-warmed great room with surround sound and a stunning solarium that frames south-facing views of city lights. Open to a casual dining room, the kitchen is top-tier and features granite countertops with full backsplash, dark-stained wood cabinetry, a peninsula bar, island, pantry, and stainless-steel Wolf and Sub-Zero appliances including a six-burner cooktop with griddle. Secondary bedrooms are spacious, with some including an ensuite bath. For the ultimate escape, the primary suite reveals two baths with stone surrounds, and two walk-in closets with built-ins. Three parking spaces are reserved in The Montana’s secured subterranean parking garage. Introduced by a dramatic atrium-style entrance, The Montana reveals a private world of modern luxury, with public spaces adorned with natural finishes, artwork and an abundance of light. Residents enjoy 24-hour security, a full gym, an indoor pool and peaceful lounge. Relish front-row views from your living room of the world-famous Rose Parade as it proceeds along Colorado Boulevard, part of Historic Route 66. Paseo Colorado is directly across the street and offers an open-air setting with restaurants, shops and theaters. Ruth’s Chris Steakhouse is only a block away, and Old Town Pasadena, city hall, parks, excellent schools, the famed Pasadena Playhouse, museums, freeways and the Pasadena Convention Center are all close to home.

THE NEIGHBORHOOD

Explore the location.

345 E Colorado Boulevard 404, Pasadena, CA 91101

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2007
Full baths
4
Half baths
1
Garage spaces
3
Cooling
CentralAir
Heating
Central
Appliances
SixBurnerStove,DoubleOven,Dishwasher,GasCooktop,Microwave,Refrigerator,RangeHood
Flooring
Stone,Wood
Pool
No
Pool features
Community,Indoor,InGround,Lap,Association
Spa
No
Zoning
PSC*
Parcel
5723027056
HOA
The Montana 1 Owners Assocation
HOA amenities
FitnessCenter,Insurance,MeetingRoom,Pool,PetRestrictions,Guard,Security,Trash,Water
HOA fee frequency
Monthly
HOA fee
$3,200.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$16,041.67
Cap rate

Annual operating income:

HOA: Includes $3,200.00 per month in HOA dues, converted from the $3,200.00 monthly fee reported by the listing source.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #NP26070995 · California Regional MLS

Listing brokerage: Riviera Properties
Listing agent: Tad Baltzer

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.