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Sold on 12/07/2023

505 N Wilson Ave, Pasadena, CA 91106

  • $1,624,000

    Last sold 12/07/2023 for $1.7M

  • 8

    bed

  • 4

    bath

  • 3,828

    Sqft ($444/Sqft)

Multi-family not for sale
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About 505 N Wilson Ave

Property type Multi-family
Neighborhood
Year built 1979
HOA fee $0/month
Lot size 7,478 Sqft
Movoto estimate
Parking 1 garage spaces
Property description
We are pleased to present a great investment opportunity in desirable Pasadena neighborhood. An excellent unit mix of spacious 2 bedroom + 1 bathroom in all units being offered for sale for the first time in 25 years. A newer 1979 construction with central A/C & Heat, and laundry hook-ups in each unit. Strong in place rents with realistic rental upside potential for growing income in the future. These tenants enjoy the convenience of having secured parking, secured entry and quick access to the 134 & 210 freeways. Just a short drive to Pasadena City College and minutes to Old Town Pasadena and to the many shops and restaurants at Paseo on Colorado. Situated close to the South Lake Avenue's shopping district, CalTech, and the Rose Bowl.
Listed by
Listing Agent - Shant Sherbetdjian
Listing Office - Remax Commercial and Investment Realty
Source: The MLS mls logo
MLS#23-334017 • last updated 2 years ago
Movoto checked The MLS for data 7 minutes ago
Overview
Levels/Style Two
MLS # 23-334017
Type Residential Income
Status Sold
SqFt 3828
Lot Size (SqFt) 7478
Lot Size (Acres) 0.1717
Year Built 1979
Interior
Total # of Baths 4
Total # of Bedrooms 8
Exterior
# Garage Spaces 1
# Parking Spaces 6
Parking Desc Covered Parking
# Covered Parking Spaces 5
Add'l Structures None
Amenities / Utilities
Equipment Refrigerator, Range/Oven, Dishwasher, Gas Dryer Hookup
Location
County Los Angeles
Zoning PSR3
APN 5732-012-056
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 3: Projected Rent 2400
Unit 1: Projected Rent 2400
Unit 1: # Beds 2
Unit 4: # Beds 2
Unit 1: Rent 1936
Unit 2: Rent 2100
Unit 3: Rent 2400
Unit 4: Rent 2300
Owner Pays Gardener, Water
Unit 2: Furnished No
Unit 2: Projected Rent 2400
Unit 4: Projected Rent 2400
Unit 3: # Beds 2
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 4: Actual Rent 2300
Unit 2: Actual Rent 2100
Unit 3: Actual Rent 2400
Unit Type 2106, 2107, 2108, 2109
Unit 1: Actual Rent 1936
Total # Of Buildings 1
Net Operating Income 65382
Cap Rate 3.85
Vacancy Amount (%) 3
Vacancy Rate None
Gross Income 104832
Gross Operating Income 101687
Gross Rent Multiplier 16.22
Total Annual Expenses 36305
Vacancy Amount ($) 3145
$1.62M
Range: $1.42M-$1.81M
Last 30 days 
  • Jan 2024
    Public Records
  • Jan 5, 2024 Sold
    $1,700,000
  • Jan 2024
    mls logo MLS # 23-334017
  • Jan 5, 2024 Sold
    $1,700,000
  • Dec 7, 2023 Active
    —
  • Nov 21, 2023 Listed
    $1,700,000
  • 505 N Wilson Ave
    $1.7M
  • Pasadena Ne
    $1.49M
  • 91106
    $865K -1% y/y
  • Pasadena
    $1.14M -3% y/y
No chart available
Statistics calculated by Movoto

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N/A
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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