4.30% CAP Rate Turnkey 16-unit near Pasadena Playhouse District & Lake Ave Shopping. 435 N Wilson Ave, a turnkey and beautifully upgraded 16 units apartment within walking distance to Pasadena Playhouse and South Lake Ave District in the highly desirable City of Pasadena. Situated in the heart of Pasadena, just steps away from the vibrant Old Town, this property benefits from an enviable location that attracts a diverse range of tenants. Situated on an oversized high-density lot, the property offer an investor the rare opportunity to own a turnkey apartment with future development opportunity in an extremely good location in Pasadena. The property has been completely renovated with permits (between 2022-2023 – buyer to verify). It was built in 1960 and consists of 1 single-story building and 1 two-story building. It is situated on an oversized ±17,367sf High Density R4 Lot. This high-density lot provides a clear opportunity for Additional Dwelling Units or future redevelopment opportunity (buyer to verify). The single-story building consists of 6 units. The first unit has a fireplace. The 2-story building consists of the remaining 10 units. Each unit has a sizable private patio or balcony. Top-to-bottom renovations were completed recently on the property, which includes brand new drought tolerant landscaping with center garden area, new building façade, signage and exterior paint, new parking gate and repainted railings, new unit patio fences, new exterior lighting, very well-maintained roof, new dual pane windows throughout and much more. Interior upgrades were completed to each unit, which includes full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. The ownership spent a significant amount of time and capital in relocating the previous tenants and completely upgraded the exterior and interior of the property, making this a turnkey investment for the new owner. The property is separately metered for electricity and gas. Parking is provided by 17 carports in the back; there is no soft-story parking required.
Property Details
Property Features
Property Information:
Architectural Style: Mid-Century Modern
Year Built: 1960
Stories: 2
Listing Office:
Office Name: Growth Investment Group Pasade
Office Phone: (626) 224-2495
Listing Agent: Han Chen
Interior Features
Interior Information:
Appliances: Dryer, Washer
Flooring Type: Vinyl, Wood
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
View: None
Parking Information:
Parking: Assigned
Lot Features
Lot Information:
Lot: Near Public Transit, Rectangular Lot
Lot Size: 0.40 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Marshall Fundamental, Public District Grades 6-12
John Muir High School, Public District Grades 9-12
Charles W. Eliot Middle School, Public District Grades 6-8
Norma Coombs Alternative, Public District Grades KG-5
Don Benito Fundamental, Public District Grades KG-5
Other
Directions Information:
Directions: 2 blocks east of Lake Ave, crossing Villa St
Price Information
Listing Price Info
Price Summary:
List Price: $6,370,000
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Housing Market Comparison
See how this home compares to others in Pasadena, CA.
This property is $5.1M 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: #AR24034803
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: 5/2/2024, 10:25:23 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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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
7
/10
Norma Coombs Alternative
2600 Paloma St
Distance between this listing and this school1.86 miles
Public District Grades KG-5
6
/10
Don Benito Fundamental
3700 Denair St
Distance between this listing and this school3.44 miles
Public District Grades KG-5
Middle School
3
/10
Charles W. Eliot Middle School
2184 Lake Ave
Distance between this listing and this school2.06 miles
Public District Grades 6-8
High School
5
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school1.14 miles
Public District Grades 6-12
3
/10
John Muir High School
1905 Lincoln Ave
Distance between this listing and this school2.49 miles
Public District Grades 9-12
Assigned Schools
7
/10
Norma Coombs Alternative
2600 Paloma St
Distance between this listing and this school1.86 miles
Public District Grades KG-5
6
/10
Don Benito Fundamental
3700 Denair St
Distance between this listing and this school3.44 miles
Public District Grades KG-5
Nearby Schools
3
/10
Madison Elementary School
515 E Ashtabula St
Distance between this listing and this school0.78 miles
Public District Grades KG-5
Assigned Schools
3
/10
Charles W. Eliot Middle School
2184 Lake Ave
Distance between this listing and this school2.06 miles
Public District Grades 6-8
Nearby Schools
4
/10
McKinley
325 S Oak Knoll Ave
Distance between this listing and this school1.03 miles
Public District Grades KG-8
3
/10
Washington Middle School
1505 N Marengo Ave
Distance between this listing and this school1.60 miles
Public District Grades 6-8
Assigned Schools
5
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school1.14 miles
Public District Grades 6-12
3
/10
John Muir High School
1905 Lincoln Ave
Distance between this listing and this school2.49 miles
Public District Grades 9-12
Nearby Schools
5
/10
Blair High School
1201 S Marengo Ave
Distance between this listing and this school2.13 miles
The neighbors living near this home have an average income of $60,625. The majority of Pasadena, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 435 N Wilson Ave
What is the listing price of this property?
The listing price of 435 N Wilson Ave property is $6,370,000.
What type of property is this?
The property 435 N Wilson Ave is a condo located in Pasadena, California, 91106.
Is this property for sale now?
Active Listing: 435 N Wilson 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 435 N Wilson Ave are: Norma Coombs Alternative: GreatSchools Rating 7/10Don Benito Fundamental: GreatSchools Rating 6/10Charles W. Eliot Middle School: GreatSchools Rating 3/10Marshall Fundamental: GreatSchools Rating 5/10John Muir High School: GreatSchools Rating 3/10
Which year was this property built?
The year of construction for 435 N Wilson Ave is 1960.
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This home is located at 435 N Wilson Ave in Pasadena, CA and zip code 91106 in the The Verdugos neighborhood. This home, which was built in 1960, sits on a 0.40 acre lot. It has been listed on Rocket Homes since February 20, 2024 and is currently priced at $6,370,000.
Pasadena, CA housing market in April 2024 saw over 49 listings sold above listed price, more than 9 sold at listed price and over 26 sold below. The inventory of homes for sale in Pasadena, CA between March 2024 and April 2024 increased by 12.9%. Listings spent 34 days on the market in April 2024, and had a median list price of $1,199,018 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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