529 541 S EL MOLINO ST Pasadena, CA 91101
0.7 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26139329
HOA Y/N No
Year Built 1950
Lot Size 0.697 Acres
Property Sub-Type Apartment
Property Description
HACIENDA GARDEN, a 20-unit apartment (2 x 10-unit) investment opportunity located in the highly desirable Playhouse District area of Pasadena, an eclectic cosmopolitan community rich in history and architecture. The property is right in the heart of Pasadena with short walking distance to multiple popular districts such as South Lake Ave Business District, Erewhon, CALTECH, and Old Town Pasadena. This offer provides investors with an opportunity to acquire a well-maintained asset in a trophy location with attractive return. It has a Walk Score of 81 out of 100.
HACIENDA GARDEN is a 20-unit garden-style apartment community that consists of two properties: 529 S El Molino (10 units) and 541 S El Molino (10 units). It has a total building size of ±14,815 sqft and is situated on a large 30,367 sqft R3-zoned lot with excellent curb appeal and neatly manicured landscaping. It is exceptionally well-maintained in a Class-A neighborhood of Pasadena.
529 S El Molino is a bungalow style 10-unit with a total building size of 8,263 SF and situated on a 20,252 SF lot. It offers a gorgeous bungalow-style layout with center courtyard complete with attractive curb appeal. It has 10 units that are spread out over 5 buildings. Four of them are single story bungalows, and the fifth building is a two-story building. It has two (2) x 2-bedroom+1-bathroom, six (6) x 1-bedroom+1-bathroom, and two (2) x Studio units. Many units have been partially updated with refinished original hardwood floor, high 10ft ceiling, crown molding, upgraded bathroom, designer lighting fixtures, windows A/C, and tiled kitchen. The 4 back units are large with estimated size of ±1038 sqft per unit.
The 541-S was built in 1950, has a total building size of 6,552 SF and is situated on a 10,115 SF lot. It is a two-story garden style apartment with brick pavers walkway. It offers ten (10) x 1-bedroom+1-bathroom units. The building has brand new staircases (rebuilt with permit) and several units have been updated with 2 units have full copper plumbing.
The property does NOT have any tuck-under parking and does NOT require any soft story retrofit. It is individually metered for electricity and gas, and has a shared laundry room.
Location
State CA
County Los Angeles
Area 647 - Pasadena (Sw)
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range, Refrigerator
Laundry Common Area
Exterior
Parking Features Asphalt, Covered, Detached Carport, Driveway
Carport Spaces 14
Fence None
Pool None
Community Features Urban, Valley
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 19
Private Pool No
Building
Lot Description 36-40 Units/Acre, Front Yard, Garden, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Street Level
Faces East
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Mid-Century Modern
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5734019011
Energy Description 1362.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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