Movoto Real Estate
Sold on 12/13/2023
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435 W California Blvd, Pasadena, CA 91105

  • $7,475,263

    Last sold 12/13/2023 for $5.85M

  • 14

    bed

  • 14

    bath

  • 11,962

    Sqft ($489/Sqft)

Multi-family not for sale
Movoto is helping 25 homebuyers near you

About 435 W California Blvd

Property type Multi-family
Neighborhood
Year built 1951
HOA fee $0/month
Lot size 0.51 Acre
Movoto estimate
Parking 7 garage spaces
Property description
Arguably the BEST apartment property currently for sale in ALL of Pasadena! Here is a once-in-a-generation opportunity to acquire an exceptional 7-unit complex situated within Pasadena's revered 91105 zip code. This pride-of-ownership gem is one of only SIX multi-family apartment properties with a West California Blvd street address. Well positioned on a corner lot, the property also adorns a South Orange Grove Blvd address, known as "Millionaire's Row." It has been honored with an award from the City of Pasadena for its excellence in design and curb appeal. Besides its location, what makes this property so unique is that it consists of seven "condo-like" apartments in a building that boasts nearly 12,000 total square feet. These apartment homes, each 2 bedrooms and 2 baths are close to 1,600 Sq.Ft. EACH (Buyer to verify) and include features such as hardwood floors, well-appointed kitchens with stainless steel appliances, updated bathrooms, beautiful fireplaces, elaborate crown molding, wainscoting, generous closets, patios and decks. Modern comforts include central HVAC, dual-pane windows, tank-less water heaters, modern lighting, and the convenience of in-unit laundry. The building systems include newer electrical panels, copper plumbing, updated drain and main sewer lines and newer pitched roofs. With its corner lot measuring over half of an acre at 22,359 Sq.Ft., it offers individual enclosed garages as well as open parking for a total of 14 on-site spaces. The property enjoys an enviable location offering high end rentals in one of the City's most premiere neighborhoods. This is a very rare opportunity to own a trophy piece of investment real estate that is turn-key and has been meticulously maintained.
Listed by
Listing Agent - Alexander Metaxas
Listing Office - Realty Investment Advisors, Inc.
Source: The MLS mls logo
MLS#23-332021 • last updated 2 years ago
Movoto checked The MLS for data 5 minutes ago
Overview
Levels/Style Two
MLS # 23-332021
Type Residential Income
Status Sold
SqFt 11962
Lot Size (SqFt) 22350
Lot Size (Acres) 0.5131
Year Built 1951
Interior
Total # of Baths 14
Total # of Bedrooms 14
Flooring Laminate, Hardwood
Exterior
Roof Composition, Shingle
# Garage Spaces 7
# Parking Spaces 14
Parking Desc Driveway - Concrete, Garage - 4+ Car, Assigned
Add'l Structures None
Amenities / Utilities
Water Heater Tankless
Equipment Built-Ins, Ceiling Fan, Dishwasher, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer, Water Line To Refrigerator
Location
County Los Angeles
Zoning PSR1
APN 5714-009-013
Multifamily Details
Tenant Pays Gas, Electricity
Unit 1: Furnished No
Unit 1: Projected Rent 33035
Unit 1: # Beds 2
Unit 1: Rent 4556
Unit 1: # Baths 2
Unit Type 2106
Unit 1: Actual Rent 31895
Total # Of Buildings 1
Net Operating Income 273333
Cap Rate 4.48
Vacancy Rate 1
Gross Income 382740
Gross Operating Income 371258
Gross Rent Multiplier 15.94
Total Annual Expenses 97925
$7.47M
Range: $6.72M-$8.22M
Last 30 days 
  • Dec 2023
    Public Records
  • Dec 28, 2023 Sold
    $5,850,000
  • Dec 2023
    mls logo MLS # 23-332021
  • Dec 28, 2023 Sold
    $5,850,000 (-4.1%)
  • Dec 13, 2023 Pending
  • Dec 13, 2023 Active
  • Nov 15, 2023 Listed
    $6,100,000 (+136.9%)
  • Jun 2015
    Public Records
  • Jun 1, 2015 Sold
    $2,575,000
  • 435 W California Blvd
    $5.85M
  • Lower Arroyo
    $1.27M -10% y/y
  • 91105
    $1.99M +11% y/y
  • Pasadena
    $1.15M -7% y/y
No chart available
Statistics calculated by Movoto

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4/10
McKinley School
public Grades K-8
Pasadena Unified School District
5/10
Blair High School
public Grades 6-12
Pasadena Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 435 W California Blvd
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