452 E Rio Grande St Pasadena, CA 91104
Normandie Heights Neighborhood
8
Beds
4
Baths
3,312
Sq Ft
7,983
Sq Ft Lot
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- John Muir High School Rated A-
- Laundry Room
- Bike Trail
About This Home
As of March 2025Welcome to RIO GRANDE Apartments, a unique and attractive investment opportunity in a PRIME Pasadena location. This well-maintained building features four identical units, each offering 2 bedrooms, 1 bathroom, and a generous 832 sq. ft. of living space. The units are equipped with solid wood front doors, modern kitchen cabinets, tile countertops, laminate flooring, double-pane windows, and three mini-split AC units. Notably, recent upgrades include two new water heaters installed in 2018 and a complete renovation of one unit in 2019. The downstairs units boast private backyards with gardens and new wooden fences, while the upstairs units feature private balconies. Each unit provides one garage parking space and one tandem parking spot. Located conveniently close to bus stops, grocery stores, restaurants, shops, and the Rose Bowl, with easy access to Old Town, downtown LA, and various Pasadena sports venues, the RIO GRANDE Apartments represent a highly sought-after rental property in the market.
Last Agent to Sell the Property
Re/Max Premier Prop SanMarino Brokerage Phone: 626-203-8269 License #02013453
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,749
Year Built
- Built in 1961
Lot Details
- 7,983 Sq Ft Lot
- 1 Common Wall
- Rural Setting
- Density is 2-5 Units/Acre
Parking
- 4 Open Parking Spaces
- 4 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 3,312 Sq Ft Home
- 2-Story Property
- Gas Range
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 5838040019
- Tax Block M
Community Details
Overview
- No Home Owners Association
- 4 Units
Recreation
- Bike Trail
Building Details
- Rent Control
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $240
- Insurance Expense $2,373
- Pest Control $600
- Trash Expense $2,400
- Water Sewer Expense $396
- Operating Expense $5,409
- Gross Income $120,900
- Net Operating Income $114,000
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/26/2025 03/26/25 | Sold | $1,765,000 | -3.8% | $533 / Sq Ft |
| 02/01/2025 02/01/25 | Pending | -- | -- | -- |
| 01/01/2025 01/01/25 | For Sale | $1,835,000 | +1.9% | $554 / Sq Ft |
| 07/25/2023 07/25/23 | Sold | $1,800,000 | -2.7% | $543 / Sq Ft |
| 06/15/2023 06/15/23 | Pending | -- | -- | -- |
| 06/09/2023 06/09/23 | For Sale | $1,850,000 | -- | $559 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $20,749 | $1,800,000 | $1,260,000 | $540,000 |
| 2023 | $17,413 | $1,479,174 | $1,024,044 | $455,130 |
| 2022 | $16,814 | $1,450,171 | $1,003,965 | $446,206 |
| 2021 | $16,127 | $1,421,737 | $984,280 | $437,457 |
| 2019 | $15,526 | $1,379,570 | $955,087 | $424,483 |
| 2018 | $15,830 | $1,352,520 | $936,360 | $416,160 |
| 2016 | $10,216 | $843,059 | $598,301 | $244,758 |
| 2015 | $9,087 | $740,000 | $520,000 | $220,000 |
| 2014 | $8,374 | $676,800 | $480,300 | $196,500 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,059,000 | New Conventional | |
| Previous Owner | $670,000 | Commercial | |
| Previous Owner | $756,634 | FHA | |
| Previous Owner | $745,453 | FHA | |
| Previous Owner | $340,000 | Purchase Money Mortgage | |
| Previous Owner | $169,800 | No Value Available |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,765,000 | Chicago Title Company | |
| Grant Deed | $1,300,000 | Title 365 | |
| Grant Deed | $775,000 | Southland Title Co | |
| Grant Deed | $150,000 | First American Title Company | |
| Grant Deed | $150,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | United Title |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25000109
APN: 5838-040-019
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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