A rare opportunity to acquire one of Southwest Pasadena's quintessential Bungalow Courts, consisting of (5) five free-standing Craftsman Style bungalows on lush landscaped common grounds, each unit measuring approximately 830 SqFt. Commissioned in 1917 by Edwin F. Hahn, founder of one of Pasadena's oldest businesses, the law firm Hahn & Hahn, this trophy property is located on a highly desirable street, just minutes away from the Arroyo and Old Town Pasadena, and presents a wonderful investment opportunity for its future owner. 686-694 South Grand Avenue pairs period details such as original windows, hardwood floors and fireplace with modern amenities including in-unit washer/ dryer, individually metered utilities and hot water heater in each unit. Units offer a slightly varied layout, ranging between 815 - 870 SqFt each, and are entered through a front-porch opening up to a light-filled living room space with adjacent kitchen. The two bedrooms are connected by a full bathroom with a tub. Four of the five units currently rented, yielding a monthly income of $11,820; its projected rent, fully occupied, is $15,220. Front South unit is vacant and staged for viewings. Three units are currently rented at market value and one below market value.
Sold for $2,725,000
Listed by: COMPASS • George Penner • Contact: 626-807-8558
Bought with: Engel & Voelkers Pasadena
$2,725,000
686 S Grand Ave, Pasadena, CA 91105
10beds
5baths
--sqft
Multi Family
Built in 1917
-- sqft lot
$-- Zestimate®
$--/sqft
$5,873 Estimated rent
Home value
Not available
Estimated sales range
Not available
$5,873/mo
Zestimate® history
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List your homeWhat's special
Modern amenitiesHighly desirable streetOld town pasadenaAdjacent kitchenOriginal windowsHardwood floors
Zillow last checked:
Listing updated:
Listed by:
George Penner DRE #01394929 (626)807-8558,
COMPASS
Bought with:
Mark Jerusalem, DRE #01371254
Engel & Voelkers Pasadena
Source: CRMLS,MLS#: P1-15978
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
Heating
- Floor Furnace, Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater
- Laundry: In Kitchen
Features
- Built-in Features
- Flooring: Laminate, Tile, Wood
- Has fireplace: Yes
- Fireplace features: Decorative
- Common walls with other units/homes: No Common Walls
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Entry location: stairs
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: None
Lot
- Size: 0.28 Acres
- Features: Landscaped, Sprinklers None
Details
- Additional structures: Shed(s)
- Parcel number: 5718004002
- Zoning: PSR4
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow,Craftsman
- Property subtype: Multi Family
Materials
- Foundation: Raised
- Roof: Composition
Condition
- New construction: No
- Year built: 1917
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Not Applicable
Location
- Region: Pasadena
Financial & listing details
- Tax assessed value: $2,779,500
- Annual tax amount: $32,621
- Date on market: 12/8/2023
- Cumulative days on market: 11 days
- Listing terms: Cash,Cash to New Loan
- Inclusions: Please inquire regarding inclusions and exclusions.
- Exclusions: Please inquire regarding inclusions and exclusions.
- Total actual rent: 141840
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2024 | Sold | $2,725,000+9% |
Source:  CRMLS #P1-15978 Report a problem | ||
| 12/20/2023 | Pending sale | $2,500,000 |
Source: CRMLS #P1-15978 Report a problem | ||
| 12/8/2023 | Listed for sale | $2,500,000 |
Source: CRMLS #P1-15978 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $32,621 +550.3% | $2,779,500 +727.4% |
| 2024 | $5,016 +0.9% | $335,939 +2% |
| 2023 | $4,971 +3.2% | $329,353 +2% |
| 2022 | $4,819 +4.3% | $322,896 +2% |
| 2021 | $4,621 +3.3% | $316,566 +1% |
| 2020 | $4,472 | $313,321 +2% |
| 2019 | $4,472 -0.1% | $307,178 +2% |
| 2018 | $4,475 | $301,156 +2% |
| 2017 | $4,475 +1.4% | $295,252 +2% |
| 2016 | $4,411 +3.2% | $289,464 +1.5% |
| 2015 | $4,273 +2.2% | $285,117 +2% |
| 2014 | $4,181 | $279,533 +4.5% |
| 2011 | -- | $267,467 +2.5% |
| 2008 | -- | $260,884 +4% |
| 2006 | -- | $250,756 |
| 2005 | -- | $250,756 +6% |
| 2003 | -- | $236,604 |
Find assessor info on the county website
Neighborhood: South Arroyo
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GreatSchools rating
- 2/10McKinley SchoolGrades: K-8Distance: 1.6 mi
- 4/10Blair High SchoolGrades: 6-12Distance: 1.1 mi
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