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Sold on 06/13/2024
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437 N Chester Ave, Pasadena, CA 91106

$5,130,000

Last sold 06/13/2024 after 212 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 437 N Chester Ave

Property type Multi-family
Neighborhood
Year built 1989
HOA fee $0/month
Lot size 0.34 Acre
Parking 26 garage spaces
Rental estimate
Property description
PROPERTY HIGHLIGHTS -Price Reduced for Immediate Sale, Seller Has Upleg Property In Escrow -Assumable Chase Loan at 3.45% -For Sale by Original Owner/Developer -Excellent Mix of 1 & 2-Bedroom Units with Large Floorplans -1989 Construction -7.5% Cap Rate on Market Rents
Listed by
Listing Agent - Doug Rodermund
Listing Agent Contact: Dsr@morganskenderian.com
Listing Office - Morgan Skenderian
Source: CRMLS mls logo
MLS#PW23211119 • 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) 0.3446
Lot Size (SqFt) 15011
Year Built 1989
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 13368
Parking Subterranean
# Parking Spaces 26
# Garage Spaces 26
Lot Description Lot 10000-19999 Sqft
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Gutters, Sidewalks
Directions Property Is Off Of Maple Street And Chester Ave
APN 5739003056
Multifamily Details
Vacancy Allowance 12011
Expense: Trash 9382
Laundry Income 1440
Operating Expense 112743
Cap Rate 5.3
Expense: Insurance 3800
Total Expenses 112743
Expense: Maintenance 1500
Expense: Water/ Sewer 9382
Gross Income 1440
Gross Operating Income 388356
Expense: Electric 9382
Gross Multiplier 12.99
Gross Scheduled Income 400368
Expense: Fuel 9382
Expense: Gardener 2400
Rental est.: $1,905/month
Gross rent multiplier: 224.4
  • Jun 2024
    mls logo MLS # PW23211119
  • Jun 13, 2024 Sold
    $5,130,000 (+124.1%)
  • Apr 8, 2024 Pending
    —
  • Feb 21, 2024 Price Change
    $5,200,000 (-9.6%)
  • Jan 25, 2024 Price Change
    $5,750,000 (-7.3%)
  • Nov 14, 2023 Listed
    $6,200,000 (+7.8%)
  • Jun 2024
    Public Records
  • Jun 10, 2024 Sold
    $2,289,500 (-56.0%)
  • Jan 2021
    mls logo MLS # PW21015797
  • Jan 25, 2021 Listed
    $5,750,000 (-0.7%)
  • Oct 2018
    mls logo MLS # PW18230152
  • Oct 22, 2018 Price Change
    $5,790,000 (-3.3%)
  • Sep 20, 2018 Listed
    $5,990,000
  • Year Property taxes Tax assessment
  • 2024
    $25,390 +0.8%
    $1,987,135
  • 2023
    $25,184 +3.4%
    $1,987,135 +4.04%
  • 2022
    $24,366 +4.3%
    $1,909,974 +2.0%
  • 2021
    $23,366 +3.8%
    $1,872,525
  • 2020
    $22,509
    $1,872,525
  • 437 N Chester Ave
    $5.13M
  • Catalina Villas
    $599K -33% y/y
  • 91106
    $829K -12% y/y
  • Pasadena
    $1.18M -7% y/y
No chart available
Statistics calculated by Movoto

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Jefferson Elementary School
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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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/29/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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