Pasadena, CA 91101 515 N El Molino Avenue
$4,790,000
12 more
Presented By: Mary Baldry with Century 21 Village Realty; 626-344-6410
- MLS# AR25088228
- 04/22/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 20
Baths • 2
SQFT • 11,794
Home Details
Introducing a charming oasis in the heart of Pasadena: this 16-unit garden-style apartment building offers a serene living experience. Nestled amidst lush landscaping, each unit boasts modern comforts with a touch of classic elegance. There are a mix of one and two-bedroom floor plans that feature well maintained kitchens, gleaming hardwood floors in the ground floor apartments, and parking for each unit. Enjoy the California sun in the tranquil courtyard, perfect for relaxing or socializing. With convenient access to Pasadena's vibrant culture, shopping, and dining, this property provides the ideal blend of comfort and convenience. The allure of Pasadena living is at its finest in this picturesque, well-maintained community. This property is gated and had a new roof installed in January 2023. Both the 515 and 517 buildings were repiped with pex in 2015 and 2017. The back carports have newer trusses and roof installed in 2020 with permits.
Presented By: Mary Baldry with Century 21 Village Realty; 626-344-6410
Interior Features for 515 N El Molino Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 515 N El Molino Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.1
Carport Spaces16.0
Carport Y/NYes
CityPasadena
Community FeaturesBiking, Curbs, Foothills, StormDrains, StreetLights, Suburban, Sidewalks, Gated
ContingencyBuyer to cooperate with Seller's 1031 exchange at no additional cost to the buyer.
CoolingWallWindowUnits
CountyLos Angeles
DirectionsNorth of the 210 freeway, west of Lake Ave, south of Orange Grove Blvd
Electric Expense1905.0
Electric On Property Y/NNo
Entry LocationFirst floor
ExclusionsTenants' personal possessions
Fuel Expense474.0
Garage Spaces0.0
Garage Y/NNo
Gross Income366672.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense6987.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet21030.0
Lot Size UnitsSquareFeet
MLS Area645 - Pasadena (NW)
MaintenanceExpense17784.0
MobileHomeRemainsYNNo
Net Operating Income245120.0
New ConstructionNo
Number Of Units Total16
Number of Units Leased16
Operating Expense110552.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Security FeaturesGatedCommunity, ResidentManager, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot1
Taxes$56,160
Tenant PaysElectricity, Gas
Trash Expense16321.0
Water Sewer Expense5039.0
Year Built1955
Year Built SourceAssessor
ZoningPSR1
Exterior for 515 N El Molino Avenue
Building Area Total11794.0
Crops Included Y/NNo
FencingWood
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre, Garden, NearPublicTransit, SprinklerSystem
Lot Size Acres0.4828
Lot Size Area21030.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters16
Number of Separate Gas Meters16
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesAssigned, Carport, Gated
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking16.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate