$1,859,000
$90K PRICE DROP

Estimated payment $11,946/month

Total Views 10,558
6 Beds
4 Baths
3,408 Sq Ft
$545 Price per Sq Ft

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • John Muir High School Rated A-
  • Laundry Room
  • 1-Story Property

About This Home

Turnkey Four-Unit Apartment in Prime Pasadena Location.Welcome to 343 W Howard St, a beautifully upgraded four-unit apartment building in one of Pasadena’s most desirable neighborhoods. Built in 1964, this well-maintained, single-story property offers an excellent investment opportunity with fully renovated interiors, modern amenities, and strong rental potential.Spanning 3,408 square feet on an 8,802-square-foot lot, the building features four spacious two-bedroom, one-bathroom units, each approximately 850 square feet. Every unit has been fully upgraded, including:New flooring throughoutModern kitchens with shaker cabinets, quartz countertops, and stainless steel appliancesStylish remodeled bathrooms with new vanities and designer tile workIn-unit laundry machines (owned by the seller)Updated ceiling lighting & individual water heatersThe exterior has also received significant upgrades, including new paint, double-pane windows, copper plumbing in each unit, and a re-lined sewer pipe (buyer to verify). Parking is provided by a detached five-space carport, with one extra space available for rental income. Importantly, no soft-story retrofit is required.Situated less than a mile from Brookside Golf Course and just 1.3 miles from the iconic Rose Bowl Stadium, this property offers easy access to Old Town Pasadena, the Lake Avenue shopping district, The Paseo, museums, theaters, grocery stores, and a variety of top-tier restaurants and cafes.With its prime location, modern renovations, and income-producing potential, 343 W Howard St presents an exceptional investment opportunity in the heart of Pasadena.Located less than a mile from Brookside Golf Course and 1.3 miles from the iconic Rose Bowl Stadium, the property is in close proximity to some of Pasadena’s best amenities, including Old Town Pasadena, the Lake Avenue shopping district, The Paseo on Colorado, museums, theaters, grocery stores, and a variety of restaurants and cafes. Exceptional opportunity for investors looking to acquire a fully upgraded, well-located, and income-producing asset in one of Pasadena’s most sought-after neighborhoods.

Listing Agent

Vartan Ambarian

Keller Williams R. E. Services Brokerage Phone: 818-636-3357 License #00983815 Listed on: 03/14/2025

Keller Williams R. E. Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,148

Year Built

  • Built in 1964

Lot Details

  • 8,805 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Quadruplex

Interior Spaces

  • 3,408 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 1234
  • Assessor Parcel Number 5825021029
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,920
  • Insurance Expense $3,600
  • Maintenance Expense $500
  • Pest Control $1,020
  • Water Sewer Expense $4,800
  • New Taxes Expense $24,362
  • Operating Expense $36,202
  • Gross Income $98,640
  • Net Operating Income $62,438

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,148

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 3.30
  • Price Per Unit: 464750
  • Property Attached: Yes
  • Water Sewer Expenses: 4800.00
  • Zoning: PSR1
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 5825021029
  • Year Built: 1964
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: main
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 545.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Pest Control Expense: 1020.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8805.00
  • Lot Size Acres: 0.2021

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Gross Income: 98640.00
  • Gross Multiplier: 19.75
  • Gross Scheduled Income: 98640.00
  • Insurance Expense: 3600.00
  • Lot Size Area: 8805.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 62438.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Operating Expense: 36202.00
  • Rent Control: Yes
  • Total Expenses: 36202.00

Tax Info

  • New Taxes Expense: 24362.00
  • Tax Census Tract: 4609.00
  • Tax Lot: 16
  • Tax Tract Number: 1234

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $20,148 $1,734,000 $1,300,500 $433,500
2023 $20,002 $1,700,000 $1,275,000 $425,000
2022 $15,170 $1,288,208 $772,925 $515,283
2021 $14,554 $1,262,950 $757,770 $505,180
2020 $8,903 $757,701 $541,216 $216,485
2019 $8,922 $742,845 $530,604 $212,241
2018 $8,941 $728,280 $520,200 $208,080
2016 $1,364 $50,712 $11,750 $38,962
2015 $1,346 $49,951 $11,574 $38,377
2014 -- $48,974 $11,348 $37,626
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Price Changed $1,859,000 -4.6% $545 / Sq Ft
03/14/2025 03/14/25 For Sale $1,949,000 +14.6% $572 / Sq Ft
10/24/2022 10/24/22 Sold $1,700,000 -3.4% $499 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $1,760,000 +40.8% $516 / Sq Ft
02/13/2020 02/13/20 Sold $1,250,000 +4.2% $367 / Sq Ft
12/12/2019 12/12/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $1,200,000 -- $352 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Gift Deed -- None Listed On Document
Deed -- Provident Title
Grant Deed $1,700,000 Provident Title
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed $1,250,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,275,000 New Conventional
Previous Owner $750,000 New Conventional
Source: Public Records

About the Listing Agent

Vartan Ambarian

Keller Williams R. E. Services

(877) 676-5254

Section Image

Vartan, as both a small business owner and Realtor has an extensive professional background in Sales and Management. He began his career in Real Estate 20+ years ago and he has embraced it as a full time career. Vartan’s passion for real estate is apparent through his excellent communication skills and a warm and friendly approach.

Both Anna and Vartan are experienced Realtors with a demonstrated history of working in the Real Estate industry. They are skilled in Luxury Goods, Real

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    • 3.5 Baths
    • 3,161 Sq Ft
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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25056494

California Regional Multiple Listing Service (CRMLS)

APN: 5825-021-029