529 541 S EL MOLINO Street
Pasadena, CA 91101
$6,780,000
- 0.7 acres
- Built 1950
Listed by Growth Investment Group Pasade · MLS #AR26139329
Property photos are not available.
A FEW THINGS TO NOTICE
What stands out.
Details worth a look
HACIENDA GARDEN, a 20-unit apartment (2 x 10-unit) investment opportunity located in the highly desirable Playhouse District area of Pasadena, an eclectic cosmopolitan community rich in history and architecture.
Year built
Built in 1950.
Property size
0.7 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
Get to know the property.
HACIENDA GARDEN, a 20-unit apartment (2 x 10-unit) investment opportunity located in the highly desirable Playhouse District area of Pasadena, an eclectic cosmopolitan community rich in history and architecture. The property is right in the heart of Pasadena with short walking distance to multiple popular districts such as South Lake Ave Business District, Erewhon, CALTECH, and Old Town Pasadena. This offer provides investors with an opportunity to acquire a well-maintained asset in a trophy location with attractive return. It has a Walk Score of 81 out of 100.
HACIENDA GARDEN is a 20-unit garden-style apartment community that consists of two properties: 529 S El Molino (10 units) and 541 S El Molino (10 units). It has a total building size of ±14,815 sqft and is situated on a large 30,367 sqft R3-zoned lot with excellent curb appeal and neatly manicured landscaping. It is exceptionally well-maintained in a Class-A neighborhood of Pasadena.
529 S El Molino is a bungalow style 10-unit with a total building size of 8,263 SF and situated on a 20,252 SF lot. It offers a gorgeous bungalow-style layout with center courtyard complete with attractive curb appeal. It has 10 units that are spread out over 5 buildings. Four of them are single story bungalows, and the fifth building is a two-story building. It has two (2) x 2-bedroom+1-bathroom, six (6) x 1-bedroom+1-bathroom, and two (2) x Studio units. Many units have been partially updated with refinished original hardwood floor, high 10ft ceiling, crown molding, upgraded bathroom, designer lighting fixtures, windows A/C, and tiled kitchen. The 4 back units are large with estimated size of ±1038 sqft per unit.
The 541-S was built in 1950, has a total building size of 6,552 SF and is situated on a 10,115 SF lot. It is a two-story garden style apartment with brick pavers walkway. It offers ten (10) x 1-bedroom+1-bathroom units. The building has brand new staircases (rebuilt with permit) and several units have been updated with 2 units have full copper plumbing.
The property does NOT have any tuck-under parking and does NOT require any soft story retrofit. It is individually metered for electricity and gas, and has a shared laundry room.
THE NEIGHBORHOOD
Explore the location.
529 541 S EL MOLINO Street, Pasadena, CA 91101
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THE DETAILS
The details, all in one place.
- Property type
- ResidentialIncome
- Category
- Residential
- Year built
- 1950
- Garage spaces
- 0
- Cooling
- WallWindowUnits
- Heating
- WallFurnace
- Appliances
- GasRange,Refrigerator
- Flooring
- Carpet,Laminate,Wood
- Utilities
- CableConnected,ElectricityConnected,NaturalGasConnected,PhoneAvailable,SewerConnected,WaterConnected
- Fencing
- None
- Pool
- No
- Pool features
- None
- Spa
- No
- Parcel
- 5734019011
- HOA fee
- $0.00
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.
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529 541 S EL MOLINO Street, Pasadena, CA 91101 · MLS #AR26139329
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$1,249,000Listing information
MLS #AR26139329 · California Regional MLS
Listing brokerage: Growth Investment Group Pasade
Listing agent: Handoko Chen
Listing status: Active. Record updated . Confirm current availability and price with the listing agent.
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