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Sold on 10/15/2024
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1400 W Pine St, Alhambra, CA 91801

$1,925,000

Last sold 10/15/2024 after 33 Days

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    bed

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    bath

Multi-family not for sale

About 1400 W Pine St

Property type Multi-family
Year built 1959
HOA fee $0/month
Lot size 9,670 Sqft
Rental estimate
Property description
Discover a promising real estate opportunity with these five apartment units located in the sought-after area adjacent to South Pasadena. Situated on a generous 9,923 sq/ft lot with 4,983 sq/ft of building space, this property boasts substantial upside potential for investors and developers alike. The complex features: All large Four 2-bedroom/1-bath units and one 3-bedroom/1.5-bath unit, Five carports plus ample street parking, ensuring convenience for residents. New exterior paint enhances curb appeal and modernizes the building's appearance. Additional highlights include: New exterior paint enhances curb appeal and modernizes the building's appearance. Large balcony/patio areas for outdoor enjoyment with pitch roof. Owner recently updated all individual electrical boxes. Located in a charming South Pasadena residential neighborhood, this property is within walking distance to City Hall, shopping, restaurants, and parks, offering unparalleled convenience and a vibrant community atmosphere. The state of California has rent control but not the city of Alhambra. Please do not disturb tenants or knock on their doors. Coin operated washer/dryer belongs to owner.
Listed by
Listing Agent - Matt Cuong Ly
Listing Agent Contact: Matt.ly@cbcnrt.com
Listing Office - Coldwell Banker Realty
Source: CRMLS mls logo
MLS#AR24173269 • last updated 2 years ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.222
Lot Size (SqFt) 9670
Year Built 1959
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 5002
Roof Asphalt
Parking Assigned
# Carport Spaces 5
# Parking Spaces 5
Lot Description 2-5 Units/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Rural
Zoning ALRPD*
Directions Pine St. & Marguerita
APN 5321033033
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 3346
Expense: Trash 1850
Laundry Income 1000
Operating Expense 44677
Cap Rate 3.49
Expense: Insurance 5800
Total Expenses 44677
Expense: Water/ Sewer 3882
Gross Income 112540
Gross Operating Income 109194
Expense: Electric 426
Gross Multiplier 16.44
Gross Scheduled Income 112540
Expense: Fuel 2202
Expense: Gardener 960
Rental est.: $1,660/month
Gross rent multiplier: 96.6
  • Oct 2024
    mls logo MLS # AR24173269
  • Oct 15, 2024 Sold
    $1,925,000
  • Sep 26, 2024 Pending
    —
  • Sep 26, 2024 Active
    —
  • Sep 12, 2024 Listed
    $1,850,000
  • Sep 12, 2024 Listed
    $1,850,000 (+184.6%)
  • Oct 2024
    Public Records
  • Oct 15, 2024 Sold
    $1,925,000 (+4.1%)
  • Oct 2002
    Public Records
  • Oct 4, 2002 Sold
    $650,000
  • Year Property taxes Tax assessment
  • 2024
    $12,701
    $922,940
  • 2023
    $12,699 +4.5%
    $922,940 +4.04%
  • 2022
    $12,147 +1.1%
    $887,103 +2.0%
  • 2021
    $12,012 +0.5%
    $869,710 +1.04%
  • 2020
    $11,952
    $860,793
  • 1400 W Pine St
    $1.92M
  • —
  • 91801
    $799K -5% y/y
  • Alhambra
    $799K -8% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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