Situated in the heart of Pasadena, CA, this 12-unit apartment building presents a value-add opportunity, for a patient investor, in one of the most sought-after locations in the city. Boasting a Walk Score of 93, you are near by Cal Tech, Pasadena City College and The Shops on Lake. Built in 1960, this two-story walk-up building is being marketed for the first time in over 40 years. Comprising a mix of 4 one-bedroom/one-bathroom units and 8 two-bedroom/one-and-three-quarter-bathroom units, this property caters to a diverse range of tenants. Each unit features a balcony or patio (except for unit #1, which is the largest 1-bedroom unit), gas forced air heating, and wall air conditioning units. The kitchens are equipped with gas stoves and ovens, tiled countertops and tiled or linoleum floors, while the bathrooms have tiled or linoleum floors and vanities. Living rooms and bedrooms are carpeted. Although interiors have not been upgraded, there is immense potential for renovation and value enhancement. The property is individually metered for gas and electric, with the owner paying for hot water, gardening, trash, and common area electricity. Two 75-gallon hot water heaters serve the building, ensuring ample hot water supply for residents. Parking is provided with 17 tuck-under spaces located below the building; seismic retrofit will need to be done. Additionally, there is space available for a laundry room, offering an opportunity for added convenience and income generation.
Property Details
Property Features
Property Information:
Year Built: 1960
Stories: 2
Listing Office:
Office Name: Keller Williams Realty/Pasadena
Office Phone: (626) 429-0685
Listing Agent: KEVIN LUTZ
Interior Features
Interior Information:
Appliances: Gas Oven
Flooring Type: Carpet
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 17 spaces
Parking: Underground
Lot Features
Lot Information:
Lot Size: 0.22 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Marshall Fundamental, Public District Grades 6-12
Blair High School, Public Magnet Grades 6-12
McKinley, Public District Grades KG-8
Norma Coombs Alternative, Public District Grades KG-5
Don Benito Fundamental, Public District Grades KG-5
Other
Directions Information:
Directions: S Chester Ave & E Green St
Price Information
Listing Price Info
Price Summary:
List Price: $3,100,000
Tax Information:
Annual Amount: $6,905
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Pasadena, CA.
This property is $1.9M more than the Median Sold Price in Pasadena, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #WS24091810
Listing Office:
Office Name: Keller Williams Realty/Pasadena
Office Phone: (626) 429-0685
Listing Agent: KEVIN LUTZ
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/19/2024, 3:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$6,905
$404,307
2020
$6,701
$396,085
2019
$6,598
$388,319
2018
$6,509
$380,706
2017
$6,509
$373,242
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Norma Coombs Alternative
2600 Paloma St
Distance between this listing and this school1.92 miles
Public District Grades KG-5
6
/10
Don Benito Fundamental
3700 Denair St
Distance between this listing and this school3.54 miles
Public District Grades KG-5
Middle School
3
/10
McKinley
325 S Oak Knoll Ave
Distance between this listing and this school0.68 miles
Public District Grades KG-8
High School
6
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school1.53 miles
Public District Grades 6-12
5
/10
Blair High School
1201 S Marengo Ave
Distance between this listing and this school1.71 miles
Public Magnet Grades 6-12
Assigned Schools
6
/10
Norma Coombs Alternative
2600 Paloma St
Distance between this listing and this school1.92 miles
Public District Grades KG-5
6
/10
Don Benito Fundamental
3700 Denair St
Distance between this listing and this school3.54 miles
Public District Grades KG-5
Nearby Schools
6
/10
Hamilton Elementary School
2089 Rose Villa St
Distance between this listing and this school1.01 miles
Public District Grades KG-5
Assigned Schools
3
/10
McKinley
325 S Oak Knoll Ave
Distance between this listing and this school0.68 miles
Public District Grades KG-8
Nearby Schools
9
/10
Huntington Middle School
1700 Huntington Dr
Distance between this listing and this school1.91 miles
Public District Grades 6-8
4
/10
Washington Middle School
1505 N Marengo Ave
Distance between this listing and this school2.28 miles
Public District Grades 6-8
Assigned Schools
6
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school1.53 miles
Public District Grades 6-12
5
/10
Blair High School
1201 S Marengo Ave
Distance between this listing and this school1.71 miles
Public Magnet Grades 6-12
Nearby Schools
2
/10
Rose City High (Continuation)
351 S Hudson Ave
Distance between this listing and this school0.62 miles
The neighbors living near this home have an average income of $71,333. Residents of Pasadena, CA typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 121 S Chester Ave
What is the listing price of this property?
The listing price of 121 S Chester Ave property is $3,100,000.
What type of property is this?
The property 121 S Chester Ave is a condo located in Pasadena, California, 91106.
Is this property for sale now?
Active Listing: 121 S Chester Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 121 S Chester Ave are: Norma Coombs Alternative: GreatSchools Rating 6/10Don Benito Fundamental: GreatSchools Rating 6/10McKinley: GreatSchools Rating 3/10Marshall Fundamental: GreatSchools Rating 6/10Blair High School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $6,905 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 121 S Chester Ave is 1960.
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This home is located at 121 S Chester Ave in Pasadena, CA and zip code 91106 in the The Verdugos neighborhood. This home, which was built in 1960, sits on a 0.22 acre lot. It has been listed on Rocket Homes since May 07, 2024 and is currently priced at $3,100,000.
In April 2024 more than 49 listings in Pasadena, CA were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 26 were sold below. In April 2024 in Pasadena, CA there were 12.9% more homes for sale than in March 2024. While the average time on the market in April 2024 was 34 days, the median list price was $1,199,018.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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