2 months on rocket

279 Parke St, Pasadena, CA, 91101

$1,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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279 Parke St, Pasadena$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingDriveway
Year Built1910
MLS #DW24216149
Lot Size0.26 Acres
StatusActive

About 279 Parke St

Discover an outstanding investment opportunity in beautiful Pasadena with this rare 4-unit property! Perfect for both investors and owner-occupants, this versatile property allows you to live in one unit while generating income from the other three. Each unit is designed with its own laundry hookups, making it a highly attractive feature for potential tenants. The property also offers a total of 6 parking spaces located at the back, providing plenty of off-street parking options for all residents. This property is ideally located in close proximity to the Villa Parke Community Center and Park, offering recreational amenities just steps away. You’ll also enjoy convenient access to an array of local restaurants, shops, and major freeways, making it a prime location for both renters and homeowners alike. The property consists of four distinct units: 285 Parke: The main house, featuring a spacious layout with 3 bedrooms and 2 full bathrooms, ideal for an owner-occupant or a high-end rental. 283 Parke: This adjacent unit offers 3 bedrooms and 1 bathroom, perfect for families or roommates seeking ample living space. 281 Parke: Located at the rear of the property, this cozy unit has 1 bedroom and 1 bathroom, ideal for a single tenant or a couple looking for privacy. Rear Unit: The second back unit offers a larger 3-bedroom, 2-bath layout, providing comfortable living for a larger family or group of tenants. This property is being sold in "as-is" condition, reflecting its competitive pricing, making it an exceptional investment for the discerning buyer. Whether you’re looking to rent out all units or occupy one and rent the others, this property presents limitless potential for long-term income growth in a highly desirable Pasadena neighborhood. Don’t miss out on this chance to own a multi-unit property in a prime Pasadena location—schedule a viewing today!

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Stories: 2

Listing Office:

  • Office Name: ReMax Sky
  • Office Phone: (818) 974-1797
  • Listing Agent: Julio Midolo

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.26 Acres

Other

Directions Information:

  • Directions: from I-5 North to CA-110-N/Arroyo Secco Pkwy to E. Glenharm St. Follow S Marengo Ave to Parke.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000

Tax Information:

  • Annual Amount: $7,861
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$1.2M

Med. Price/SqFt

$766

Avg. Days On Market

32

# of Sold Homes

77

279 Parke St vs Pasadena

61 DAYS ON ROCKET

+29 Days

$1,500,000

+$287.7K More

KEY TAKEAWAY

This property is $287.7K 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: #DW24216149

Listing Office:

  • Office Name: ReMax Sky
  • Office Phone: (818) 974-1797
  • Listing Agent: Julio Midolo

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: 12/22/2024, 7:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 18, 2004Home Sold
$487,000
Jul 09, 1999Home Sold
$305,000
Jul 02, 1998Home Sold
$160,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,861$639,666
2020$7,583$633,108
2019$7,671$620,695
2018$7,578$608,526
2017$7,578$596,595

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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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.

Nearby Schools

school-card-donut-906197
4
/10
  • Madison Elementary School

  • 515 E Ashtabula St

  • 0.30 miles

  • Public District Grades PK-5

school-card-donut-906198
3
/10
  • Washington Elementary School

  • 1520 N Raymond Ave

  • 1.03 miles

  • Public District Grades PK-5

school-card-donut-906199
6
/10
  • Longfellow Elementary School

  • 1065 E Washington Blvd

  • 1.24 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,778. The majority of Pasadena, CA residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesCaliforniaLos Angeles CountyPasadena91101279 Parke St

This home is located at 279 Parke St in Pasadena, CA and zip code 91101 in the The Verdugos neighborhood. This home, which was built in 1910, sits on a 0.26 acre lot. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $1,500,000.

Pasadena, CA housing market in November 2024 saw over 43 listings sold above listed price, more than 13 sold at listed price and over 21 sold below. In November 2024 in Pasadena, CA there were 9.9% less homes for sale than in October 2024. In November 2024 median list price was $1,212,217 and the average listing age was 32 days.

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

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