Offered at 4.29% CAP Rate with 6.12% Proforma CAP (buyer to verify), Sierra Bonita Bungalows is a 26-unit Turnkey Single-story bungalows community in the foothill area of San Gabriel Mountain, and only 2 blocks south of Altadena Country Club. Situated in the prestigious San Gabriel Mountain foothill area, and within walking distance to Altadena Country Club and Altadena Golf Course, this exclusive property consists of 26 units that are spread over 15 buildings and meticulously designed and fully upgraded from top to bottom, providing an attractive proposition for investors looking for steady rental income and long-term value appreciation. The property consists of 3 parcels with highly desirable layouts; a combination of single-story bungalow style single-family houses and duplexes, each unit provides serene and single-family house atmosphere to it, making each unit very easy to rent and highly desirable amongst renters. The large, combined lots allow FOUR (4) ADUs OR MORE (buyer to verify). It is in a quiet residential area surrounded by mostly multi-million dollars SFR. Located just several properties away from the world renown EF International Language Campus (www.EF.com ), and EF Academy, this strategic location provides excellent location for international students, or short rentals. The area commands a fantastic demographic of $170,962 Average Household Income within a-mile-radius. This offering provides rare opportunity to investors who appreciates quality asset and location with multiple exit strategies such as: operate as apartments and enjoy cash-flow and tax benefit over time, operate as short-term rentals for nearby international students, condo conversions, TIC conversions, or operate as-is and add ADUs. Sierra Bonita Bungalows has 3 parcels/properties: address# 1704 consists of 6 units (and situated on ±11,254 SF lot, address# 1710 consists of 12 units and situated on ±10,474 SF lot, and address# 1728 consists of 8 units and situated on ±15,685 SF lot (BUYER TO VERIFY). All three properties have shared parking at the back (combination of carports and garages) and must be sold together. The property has been completely renovated and offers a desirable mix of One (1) x 3bedroom+2bathroom house, nineteen (19) x 1bedroom+1bathroom bungalows, and six (6) studio bungalows.
This property is $9.7M 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: #AR24028994
Listing Office:
Office Name: Growth Investment Group Pasade
Office Phone: (626) 224-2495
Listing Agent: Han Chen
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: 4/30/2024, 12:55:20 AM 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
$4,654
$260,774
2020
$4,523
$258,101
2019
$4,349
$253,041
2018
$4,282
$248,081
2017
$4,282
$243,217
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
5
/10
Daniel Webster
2101 E Washington Blvd
Distance between this listing and this school0.74 miles
Public District Grades KG-5
7
/10
Norma Coombs Alternative
2600 Paloma St
Distance between this listing and this school1.69 miles
Public District Grades KG-5
6
/10
Don Benito Fundamental
3700 Denair St
Distance between this listing and this school2.63 miles
Public District Grades KG-5
Middle School
3
/10
Charles W. Eliot Middle School
2184 Lake Ave
Distance between this listing and this school0.92 miles
Public District Grades 6-8
High School
5
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school0.90 miles
Public District Grades 6-12
5
/10
Pasadena High School
2925 E Sierra Madre Blvd
Distance between this listing and this school1.68 miles
Public District Grades 9-12
Assigned Schools
5
/10
Daniel Webster
2101 E Washington Blvd
Distance between this listing and this school0.74 miles
Public District Grades KG-5
7
/10
Norma Coombs Alternative
2600 Paloma St
Distance between this listing and this school1.69 miles
Public District Grades KG-5
6
/10
Don Benito Fundamental
3700 Denair St
Distance between this listing and this school2.63 miles
Public District Grades KG-5
Assigned Schools
3
/10
Charles W. Eliot Middle School
2184 Lake Ave
Distance between this listing and this school0.92 miles
Public District Grades 6-8
Nearby Schools
3
/10
Washington Middle School
1505 N Marengo Ave
Distance between this listing and this school1.69 miles
Public District Grades 6-8
4
/10
McKinley
325 S Oak Knoll Ave
Distance between this listing and this school2.69 miles
Public District Grades KG-8
Assigned Schools
5
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school0.90 miles
Public District Grades 6-12
5
/10
Pasadena High School
2925 E Sierra Madre Blvd
Distance between this listing and this school1.68 miles
Public District Grades 9-12
Nearby Schools
3
/10
John Muir High School
1905 Lincoln Ave
Distance between this listing and this school2.45 miles
The neighbors living near this home have an average income of $48,690. Most Pasadena, CA residents have annual incomes between $35k-100k. Most families are 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 1728 N Sierra Bonita Ave
What is the listing price of this property?
The listing price of 1728 N Sierra Bonita Ave property is $10,980,000.
What type of property is this?
The property 1728 N Sierra Bonita Ave is a condo located in Pasadena, California, 91104.
Is this property for sale now?
Active Listing: 1728 N Sierra Bonita 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 1728 N Sierra Bonita Ave are: Daniel Webster: GreatSchools Rating 5/10Norma Coombs Alternative: GreatSchools Rating 7/10Don Benito Fundamental: GreatSchools Rating 6/10Charles W. Eliot Middle School: GreatSchools Rating 3/10Marshall Fundamental: GreatSchools Rating 5/10Pasadena 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 $4,654 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 1728 N Sierra Bonita Ave is 1963.
Interested in 1728 N Sierra Bonita Ave? Let's connect.
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This home is located at 1728 N Sierra Bonita Ave in Pasadena, CA and zip code 91104 in the The Verdugos neighborhood. This home, which was built in 1963, sits on a 0.86 acre lot. It has been listed on Rocket Homes since February 10, 2024 and is currently priced at $10,980,000.
In March 2024 more than 42 listings in Pasadena, CA were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 22 were sold below. In March 2024 in Pasadena, CA there were 2.3% more homes for sale than in February 2024. Listings spent 30 days on the market in March 2024, and had a median list price of $1,181,486 during the same period.
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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