x
Address
171 N Wilson Avenue Pasadena, CA
Price
$ 8,900,000
Property Attributes
  • MLS#AR19140493
  • TypePending
  • CountyLOS ANGELES
  • CityPasadena
  • AreaPasadena
  • Zip91106
  • Style
  • Price$ 8,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18735
  • Lot Size0.46 Acres
Listing Provided Courtesy Of:
Handoko Chen with GIG Real Estate Inc..
Property Description

Monarch Terrace, a 20-unit luxury apartment community in one of the best locations in the City of Pasadena, California. This offering presents a rare opportunity for investor to acquire a well located, newer built, semi-upgraded luxury apartment community in one of the strongest sub-market in the West San Gabriel Valley. The property has very low vacancy history with waiting list due to its lower rents compared to other rental units in the area. The property is a newer construction that was built in 1987 and situated on a large ±19,898 SF lot (zoned High Density RM48). It has a total ±18,375 SF building size and boasts an excellent unit mix of nineteen (19) 2-bedroom and 2-bathroom units and one (1) 1-bedroom and 1-bathroom unit. Every unit has a private patio or balcony (five units have two private patios/balconies). Many ground floor units have large private patios. The end 4 units are in two separate buildings and do not share any common wall with other unit. Each unit has central A/C and heating, individual water heater, in-unit washer dryer, bright and spacious layout (some units have open concept layout), private patio/balcony, hardwood vinyl flooring, and other amenities. The property is separately metered for electricity and gas and has an additional private storage area for rent. It offers ample parking via a gated and secured subterranean parking area that provides 43 parking spaces.

Price History
6/14/2019 Listed $8,900,000

General Features

Assessments Buyer to Verify
Attached Structure Attached
Community Features Valley
Directions 2 blocks east of lake ave
HOA Fee 0.00
Levels Two
Listagentaor Arcadia
Listing Agent Handoko Chen - BRE#01749321
Listing Agent State License 01749321
MLS Area 647 - Pasadena (SW)
Number of Units Leased 20
Price Per Square Foot 475.05
Property Attached Y/N Yes
Source System CRMLS
Total Units 20
Zoning PSR4

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Cooling Central Air
Dishwasher Count 20
Fireplace Features None
Garbage Disposal Count 20
Heating Central
Heating Y/N Yes
Laundry Features Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
Laundry Y/N Yes
Range Count 20
Refrigerator Count 17
Studio Area Unit Type Square Feet
Total Stories 2
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Available, Water Connected

Exterior Features

Special Listing Conditions Standard
Building Area Total 18735.00
Carport Spaces 0.00
Garage Spaces 43.00
Lot Features 36-40 Units/Acre, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, Sprinkler System
Lot Size Acres 0.4554
Lot Size Area 19839.0000
Lot Size Source Assessor
Lot Size Square Feet 19839.00
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 21
Number of Separate Gas Meters 21
Number of Separate Water Meters 1
Parking Features Assigned
Parking Y/N Yes
Pool Features None
Sewer Public Sewer
Total Parking 43.00
Uncovered Spaces 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91106

Price
AVG $1.19M
$8.9M
Visits
AVG 11
26
Year Built
AVG 1956
1987
Walkscore
AVG 83
91
Data Provided by Walkscore ® not using MLS data

Looking for more comfortable experience?

Check out our mobile application and browse the properties as no other.