#OC25017098, Jeremy Noel, Listing office: Wind Water, Inc
$3,800,000 List price
517 E Washington Blvd Pasadena, CA 91104
0.5 acres
Condo
Property details
About 517 E Washington Blvd
Pride-of-Ownership 10-unit (4 Houses & 2 Triplexes) on a large 21k SF R3 Zoned Lot, Excellent Unit Mix, Gated, Garage Parking, 1 House can be delivered vacant, 2 ADUs Upside. MONTANO VILLAS, a 10-unit garden style apartment investment opportunity located in the City of Pasadena, CA. This exceptional property comprises 4 bungalows/houses and 2 triplexes and is situated on a large ±20,911sf R3 lot. This value-add investment opportunity provides savvy investors with high-quality assets in a strong Pasadena submarket with significant rental upside potential and future expansion opportunities. The ownership had completed many significant capital improvements: Some of the major improvements are recently replaced roofs, new Central A/C and heating in each unit, new double pane windows throughout. An initial drawing for 2 ADU units would be included in the sale. MONTANO VILLAS is a pride-of-ownership attractive two-story garden style gated community that was built in 1949. It has a total of 8,340 SF building size and is situated on a ±20,911 SF R3 lot size. It offers excellent curb appeal with manicured landscaping. The property has 4 patio homes with a semi-private porch and side yard. The 4 patio homes are all 2 bedrooms+1bathroom units complete with laundry hookups. Each patio home has a tiled shower + bathtub. 1 house is vacant and can be delivered vacant. The remaining 6 units consist of four (4) 2bedroom+1bathroom, and two (2) 1bedroom+1bathroom units. Each unit has central A/C and heating (installed in 2009), double pane windows, original hardwood flooring, stove, and refrigerator. Each of the 4 patio homes have a dishwasher. Each unit has an individual water heater and separately metered for electricity and gas. The property has two shared laundry rooms (machines are seller owned) and a large storage room. Parking is provided by a combination of 9 parking garages (with storage spaces) and several open space parking. Most tenants in this community are long time tenants that are on month to month and are due for rent increases. An additional significant rental upside can be realized when units turn in the future. The property is several blocks north of Old Town Pasadena. It is located east of Los Robles Ave and west of El Molino Ave. It is near the Rose Bowl area (Rose Bowl Stadium, Rose Bowl Aquatics Center, Kidspace Children Museum, and Brookside Golf Course), and just located across from a local Washington Park.
Highlights
Home typeCondominium
HeatingCentral, Wall Furnace
StatusActive
CoolingCentral Air, Wall/Window Unit(s)
Lot size0.4802 Acres
Year built1949
ParkingAssigned, Carport
MLS #AR25146336
ViewMountain(s)
Summary
- Appliances: Dishwasher, Freezer, Disposal, Gas Range, Refrigerator, Range Hood, Dryer, Washer
- Flooring Type: Carpet, Wood
- Fireplace: None
- Private Pool: No
- Parking: Assigned, Carport
- View: Mountain(s)
- Architectural Style: Mid-Century Modern
- Heating: Central, Wall Furnace
- Cooling: Central Air, Wall/Window Unit(s)
- List Price: $3,800,000
- HOA Amount: $0
- Annual Tax Amount: $40,153
- Tax Year: 2024
- Lot: Lawn, Landscaped, Near Public Transit, Rectangular Lot, Sprinklers
- Directions: 210 FWY, exit Los Robles go north and make right on Washington Blvd, building is facing south on the left hand side
- Year Built: 1949
- Stories: 2
- Lot Size: 0.4802 Acres
- MLS Number: AR25146336
- MLS Name: CRMLS
- Office Name: Growth Investment Group Pasade
- Office Email: han.chen@growthinvestmentgroup.com
- Listing Agent: Han Chen
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: 7/10/2025, 12:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 19, 2021 | Home Sold | $3,220,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $3,417,089 | $40,153 |
| 2023 | $3,350,088 | $39,821 |
| 2022 | $3,284,400 | $38,461 |
| 2021 | $1,775,409 | $21,492 |
| 2020 | $1,757,205 | $20,725 |
| 2019 | $1,722,751 | $20,878 |
| 2018 | $1,688,973 | $20,647 |
| 2017 | $1,655,856 | $20,647 |
History based on county public records data.
Nearby schools
3
Washington Elementary STEM Magnet School
Public District KG-5
0.5 mi
•1520 N Raymond Ave
6
Longfellow Magnet School
Public District KG-5
0.6 mi
•1065 E Washington Blvd
4
James Madison Elementary School
Public District KG-5
0.7 mi
•515 E Ashtabula St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $55,452. The majority of Pasadena, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
34%
<35k
42%
35k-100k
17%
100k-200k
7%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
48%
Single, No Kids
15%
Single, with Kids
13%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
25%
18-34 yrs old
42%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Music Concerts
Where do the neighbors shop?
Banana Republic
IKEA
H&M
Where do the neighbors go to eat?
Jack In The Box
Quiznos
Chipotle
What do the neighbors drive?
Toyota
Lexus
Volkswagen
What do the neighbors listen to?
Jazz
Soft Adult Contemporary- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 517 E Washington Blvd
The listing price of 517 E Washington Blvd property is $3,800,000.
The property 517 E Washington Blvd is a condo located in Pasadena, California, 91104.
Active Listing: 517 E Washington Blvd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 517 E Washington Blvd are: Washington Elementary STEM Magnet School (GreatSchools Rating 3/10), Longfellow Magnet School (GreatSchools Rating 6/10), James Madison Elementary School (GreatSchools Rating 4/10), Octavia E. Butler Magnet Middle School (GreatSchools Rating 4/10), Charles W. Eliot Arts Magnet Academy (GreatSchools Rating 4/10), Ocs - South (GreatSchools Rating 8/10), John Muir High School (GreatSchools Rating 5/10), Marshall Fundamental (GreatSchools Rating 6/10), Rose City High (Continuation) (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $40,153 (source: MLS/based on county public records data).
The last sale was on March 19, 2021 for $3,220,000 (source: MLS/tax record).
The property at 517 E Washington Blvd has 0 bathroom.
The year of construction for 517 E Washington Blvd is 1949.
This home is located at 517 E Washington Blvd in Pasadena, CA and zip code 91104 in the The Verdugos neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 30, 2025 and is currently priced at $3,800,000.
Pasadena, CA housing market in June 2025 saw over 45 listings sold above listed price, more than 9 sold at listed price and over 30 sold below. The number of homes for sale in Pasadena, CA decreased by 0.8% between May and June 2025. The median list price of listings available in June 2025 was $1,232,000, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.