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Sold on 07/03/2024

1429 N Altadena Dr, Pasadena, CA 91107

$2,136,694

Last sold 07/03/2024 for $1.51M

  • 6

    bed

  • 5

    bath

  • 3,353

    Sqft ($452/Sqft)

Multi-family not for sale
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About 1429 N Altadena Dr

Property type Multi-family
Neighborhood
Year built 1950
HOA fee $0/month
Lot size 6,004 Sqft
Movoto estimate
Property description
*$150,000 Price Reduction* 1429 N Altadena Drive is a quintessential 5-unit apartment building nestled in the heart of Pasadena. Constructed in 1950, this charming property showcases a distinctive unit mix, featuring (1) spacious two-bedroom, one-bath unit and (4) cozy one-bedroom, one-bathroom units. Meticulously maintained over the years, the property exudes a timeless appeal and offers ample amenities for residents. In addition to convenient street parking available in the front, the property also provides five garages situated at the rear, ensuring residents' comfort and convenience. With its prime location and well-appointed features, 1429 N Altadena Drive presents an exceptional opportunity for both investors and tenants alike.
Listed by
Listing Agent - Daniel Withers
Listing Office - Matthews Real Estate Investment Services
Source: The MLS mls logo
MLS#24-366789 • last updated 2 years ago
Movoto checked The MLS for data 5 minutes ago
Overview
Levels/Style Two
MLS # 24-366789
Type Residential Income
Status Sold
SqFt 3353
Lot Size (SqFt) 6004
Lot Size (Acres) 0.1378
Year Built 1950
Interior
Total # of Baths 5
Total # of Bedrooms 6
Exterior
# Parking Spaces 5
Parking Desc Other
Add'l Structures Other
Amenities / Utilities
Equipment Other
Location
County Los Angeles
Zoning LCR3YY
APN 5853-021-010
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 7450
Unit 1: # Beds 1
Unit 1: Rent 1863
Unit 2: Rent 2145
Unit 2: Furnished No
Unit 2: Projected Rent 2145
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 1: # Baths 1
Unit 2: Actual Rent 2145
Unit Type 2106, 2107
Unit 1: Actual Rent 7450
Total # Of Buildings 2
Net Operating Income 73592
Cap Rate 4.21
Vacancy Rate -3%
Gross Income 115140
Gross Operating Income 111686
Gross Rent Multiplier 15.2
Total Annual Expenses 38094
$2.13M
Range: $1.92M-$2.35M
Last 30 days 
  • Sep 2024
    Public Records
  • Sep 4, 2024 Sold
    $1,515,000
  • Sep 2024
    mls logo MLS # 24-366789
  • Sep 4, 2024 Sold
    $1,515,000 (-13.4%)
  • Jul 3, 2024 Active
    —
  • May 10, 2024 Price Change
    $1,750,000 (-7.9%)
  • Feb 13, 2024 Listed
    $1,900,000 (+137.5%)
  • Dec 2004
    Public Records
  • Dec 20, 2004 Sold
    $800,000
  • Year Property taxes Tax assessment
  • 2024
    $14,284 +1.5%
    $1,093,912
  • 2023
    $14,077 +3.4%
    $1,093,912 +4.04%
  • 2022
    $13,617 +6.3%
    $1,051,461 +2.0%
  • 2021
    $12,809 +3.8%
    $1,030,858
  • 2020
    $12,342 -1.5%
    $1,030,858 +5.11%
  • 2018
    $12,534
    $980,704
  • 1429 N Altadena Dr
    $1.51M
  • PresidentStreets
    — -100% y/y
  • 91107
    $1.29M -13% y/y
  • Pasadena
    $1.15M -10% y/y
No chart available
Statistics calculated by Movoto

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6/10
Daniel Webster
public Grades K-5
Pasadena Unified School District
4/10
Eliot Arts Magnet
public Grades 6-8
Pasadena Unified School District
6/10
Pasadena High School
public Grades 9-12
Pasadena Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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