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Backup Offers

777 N Los Robles Ave, Pasadena, CA, 91104

$2,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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777 N Los Robles Ave, Pasadena$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned
Garage2 spaces
Year Built1910
HeatingWall Furnace
CoolingWall/Window Unit(s)
FireplaceNone
ViewNone
MLS #AR24027571
Lot Size0.32 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 777 N Los Robles Ave

DISCLOSURE: Seller is an active real estate broker in California. This offering provides a whopping ±6.4% CAP Rate and ±8.7% Proforma CAP Rate (buyer to verify CAP Rates), which currently one of the highest CAP Rate for apartments in Pasadena and West San Gabriel Valley submarket. With recent lower interest rates, a buyer could potentially purchase this property with a low down-payment of 35% only and yet still realizing a high 7% Cash-on-cash return (with principal reduction – BUYER TO VERIFY!). Walk Score 86 – Bike Score 91. The property is a two-story apartment with a charming colonial revival architecture. It was built in 1910; it has a large building size of ±6,664 SF and situated on a large ±14,061 SF lot. It offers a desirable unit mix (for Pasadena rent control area) of one x 2bed+1bath+den, one x 2bed+1bath, seven x 1bed+1bath, and one x Studio (non-conforming). Four units have been upgraded with brand new flooring throughout, LED lighting, brand new kitchen with quartz countertops + new kitchen cabinets + stainless steel appliances, updated bathroom, and much more. The remaining non-upgraded 7 units provide ±24% rental upside, which upon turnover will take the current CAP Rate to a whopping 8.7% proforma CAP Rate (buyer to verify). The property has new exterior paint and new common area paint as well. It has a total of 12 parking spaces in the back (10 open + 2 garages). No parking soft story is required. New owners can take advantage of the garage by renting it out or even converting it into ADU. The property does not have any common area laundry which provides additional income opportunities by installing laundry machines. It has master metered for electricity and gas.

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Stories: 2

Listing Office:

  • Office Name: Growth Investment Group Pasade
  • Office Phone: (626) 224-2495
  • Listing Agent: Han Chen

Interior Features

Interior Information:

  • Flooring Type: Carpet, Laminate, Vinyl, Wood
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Assigned

Lot Features

Lot Information:

  • Lot: Level, Near Public Transit, Rectangular Lot
  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • John Muir High School, Public District Grades 9-12
  • Marshall Fundamental, Public District Grades 6-12
  • Washington Middle School, Public District Grades 6-8
  • Madison Elementary School, Public District Grades KG-5
  • Norma Coombs Alternative, Public District Grades KG-5
  • Don Benito Fundamental, Public District Grades KG-5

Other

Directions Information:

  • Directions: west of Lake Ave, north of Los Robles Ave and Orange Grove Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000

Tax Information:

  • Annual Amount: $26,001
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Pasadena, CA.

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Pasadena, CA

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$739

Avg. Days On Market

30

# of Sold Homes

71

777 N Los Robles Ave vs Pasadena

82 DAYS ON ROCKET

+52 Days

$2,500,000

+$1.3M More

KEY TAKEAWAY

This property is $1.3M 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: #AR24027571

Listing Office:

  • Office Name: Growth Investment Group Pasade
  • Office Phone: (626) 224-2495
  • Listing Agent: Han Chen

IDX 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: 4/29/2024, 11:25:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 13, 2019Home Sold
$2,150,000
Apr 05, 2013Home Sold
$1,300,000
Jun 07, 2001Home Sold
$385,000

Tax History

YEARPROP. TAXASSESSMENT
2021$26,001$2,215,718
2020$17,433$2,193,000
2019$17,592$1,428,590
2018$17,391$1,400,579
2017$17,391$1,373,117

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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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

school-card-donut-3400217
3
/10

  • Madison Elementary School

  • 515 E Ashtabula St

  • 0.10 miles

  • Public District Grades KG-5

school-card-donut-3400218
7
/10

  • Norma Coombs Alternative

  • 2600 Paloma St

  • 2.60 miles

  • Public District Grades KG-5

school-card-donut-3400219
6
/10

  • Don Benito Fundamental

  • 3700 Denair St

  • 4.07 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3400220
3
/10

  • Washington Middle School

  • 1505 N Marengo Ave

  • 0.86 miles

  • Public District Grades 6-8

High School

school-card-donut-3400221
3
/10

  • John Muir High School

  • 1905 Lincoln Ave

  • 1.67 miles

  • Public District Grades 9-12

school-card-donut-3400222
5
/10

  • Marshall Fundamental

  • 990 N Allen Ave

  • 1.70 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,667. The majority of Pasadena, CA residents have income less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 777 N Los Robles Ave

What is the listing price of this property?

The listing price of 777 N Los Robles Ave property is $2,500,000.

What type of property is this?

The property 777 N Los Robles Ave is a condo located in Pasadena, California, 91104.

Is this property for sale now?

Accepting Backup Offers: 777 N Los Robles Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 777 N Los Robles Ave are:
Madison Elementary School: GreatSchools Rating 3/10
Norma Coombs Alternative: GreatSchools Rating 7/10
Don Benito Fundamental: GreatSchools Rating 6/10
Washington Middle School: GreatSchools Rating 3/10
John Muir High School: GreatSchools Rating 3/10
Marshall Fundamental: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $26,001 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 13, 2019 for $2,150,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 777 N Los Robles Ave is 1910.

Rocket Homes›California›Los Angeles County›Pasadena›91104›777 N Los Robles Ave

This home is located at 777 N Los Robles Ave in Pasadena, CA and zip code 91104 in the The Verdugos neighborhood. This home, which was built in 1910, sits on a 0.32 acre lot. It has been listed on Rocket Homes since February 08, 2024 and is currently priced at $2,500,000.

Pasadena, CA housing market in March 2024 saw over 42 listings sold above listed price, more than 7 sold at listed price and over 22 sold below. The inventory of homes for sale in Pasadena, CA between February 2024 and March 2024 increased by 2.3%. In March 2024 median list price was $1,181,486 and the average listing age was 30 days.

From Rocket Homes Real Estate and based on county public records data.

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