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Sold on 09/01/2026
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195 S Wilson Ave, Pasadena, CA 91106

$11,000,000

Last sold 09/01/2026 after 90 Days

  • bed

  • bath

Multi-family not for sale

About 195 S Wilson Ave

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Lot size 0.49 Acre
Parking 38 garage spaces
Rental estimate
Property description
The Wilson Apartments and Townhomes is in the Caltech neighborhood in Pasadena. This 38-Unit community is a premier asset which rarely comes to market in this absolute A+ location. This coveted address places you near the charming Shoppes on South Lake, the esteemed Cal Tech Institute of Technology, and an array of Pasadena’s most beloved attractions, offering an unparalleled lifestyle of convenience and sophistication. This apartment and townhome community presents a blend of thoughtfully designed residences, including four spacious 3-bedroom, 2.5-bathroom townhomes, six 2-bedroom, 2-bathroom units, and twenty-eight charming 1-bedroom, 1-bathroom units. With many of the units having stylish plank flooring, modern electric stoves, and the comfort of central heating and air conditioning. Nearly half of the AC units have already been upgraded for optimal efficiency. The building has undergone partial re-piping with copper and the owner has recently completed replacing all electrical subpanels inside the units. With rents still below market and the ability to modernize the units even further, Wilson Apartments and Townhomes offers investors value-add upside in arguably one of the best locations in the city. Secure Parking, Modern Amenities, and Unmatched Tenant Appeal Residents enjoy remote accessed gated subterranean parking, featuring 38 assigned, gated spaces. Additional amenities include elevator access from the parking, pool and onsite laundry facility. Best in class location coupled with the amenities, attracts renters ranging from students to professors to local area workforce employees. Looking ahead for investors, there are no requirements for soft story retrofit and SB 721 has been completed. Whether you seek an exceptional investment opportunity or a property that blends comfort, and prime accessibility, Wilson Apartments and Townhomes is a rare Pasadena community, any astute investor should have interest.
Listed by
Listing Agent - KEVIN LUTZ
Listing Agent Contact: 626-429-0685
Listing Office - Keller Williams Realty/Pasadena
Source: CRMLS mls logo
MLS#WS26119866 • last updated 1 week ago
Movoto checked CRMLS for data 6 minutes ago
Overview
Levels/Style Three Or More
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.4926
Lot Size (SqFt) 21457
Year Built 1961
Interior
Laundry Community
Exterior
Building Area Square Feet, 36983
Parking Subterranean, Gated
# Parking Spaces 38
# Garage Spaces 38
Lot Description Level With Street
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool Community
Location
County Los Angeles
Community Features Curbs
Directions S Wilson Ave & E Dexter St
APN 5735023032
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 31648
Expense: Trash 9564
Laundry Income 3552
Operating Expense 383918
Cap Rate 5.11
Expense: Insurance 15243
Total Expenses 383918
Expense: Maintenance 63295
Expense: Water/ Sewer 20482
Gross Income 25128
Gross Operating Income 1023272
Expense: Electric 10240
Gross Multiplier 11.85
Gross Scheduled Income 1054920
Expense: Fuel 9071
Expense: Gardener 7135
Rental est.: $1,884/month
Gross rent multiplier: 486.6
  • Sep 2026
    mls logo MLS # WS26119866
  • Sep 1, 2026 Sold
    $11,000,000 (-12.0%)
  • Aug 24, 2026 Pending
  • Jun 30, 2026 Active
  • Jun 3, 2026 Listed
    $12,500,000 (-7.4%)
  • Jul 2025
    mls logo MLS # WS25081522
  • Jul 21, 2025 Price Change
    $13,500,000 (-6.9%)
  • Apr 14, 2025 Listed
    $14,500,000
  • Year Property taxes Tax assessment
  • 2024
    $75,197 +0.8%
    $6,103,185
  • 2023
    $74,595 +3.4%
    $6,103,185 +2.0%
  • 2022
    $72,128 +4.3%
    $5,983,644 +4.04%
  • 2021
    $69,135 +3.9%
    $5,751,547
  • 2020
    $66,515
    $5,751,547
  • 195 S Wilson Ave
    $11M
  • South Lake
    $749K +2% y/y
  • 91106
    $849K 0% y/y
  • Pasadena
    $1.12M -7% y/y
No chart available
Statistics calculated by Movoto

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

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