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1559 N Hill Avenue Pasadena

The price of 1559 N Hill Avenue, Pasadena

The current listing price of 1559 N Hill Avenue is $6,495,000, according to data from Robert Renshaw, and the Pasadena Real Estate Board. The property’s value is influenced by several factors, including location, lot size, house condition, and the overall health of the Pasadena real estate market. According to the local appraiser in Pasadena, the property value in has seen a steady increase year-on-year, driven by low supply and high demand for homes.

What is the square footage of 1559 N Hill Avenue?

The total square footage of 1559 N Hill Avenue is approximately SQ FT. This figure includes both the living area and any additional structures, such as a garage or finished basement. Larger homes in , tend to have an average size of 2,000 to 4,000 square feet, according to the Pasadena Real Estate Board. The square footage significantly impacts the property’s value, as larger homes are highly sought after in this suburban area.

How many bedrooms are at 1559 N Hill Avenue?

The total number of bedrooms at 1559 N Hill Avenue is . This figure includes both the main floor and any additional floors, such as a basement or loft. The number of bedrooms significantly impacts the property’s value, as 3+ bedroom homes are highly sought after in this suburban area.

When was 1559 N Hill Avenue listed?

1559 N Hill Avenue was last listed on Oct 10, 2024, as verified by the Pasadena Real Estate Board’s Multiple Listing Service (MLS) . Properties in this area often get listed and sold within 60 to 90 days, particularly when the housing market is strong and mortgage rates are favorable.

1559 N Hill Avenue, Pasadena is a residential property located in , one of the suburbs of Pasadena. The property stands out due to its proximity to various amenities, including schools, parks, and public transportation routes, which add significant value to the neighborhood. According to data from the Pasadena Real Estate Board, properties in this area are highly sought after due to their large lot sizes, access to amenities, and convenient commute to downtown Pasadena.

What are the features of 1559 N Hill Avenue?

The features of 1559 N Hill Avenue include its structure, typical of many homes in the region. The property size is another significant factor, with many homes in this area boasting large square footage and spacious backyards. Real estate appraisers and experts, like those at Zoocasa, have highlighted the increased demand for properties with large lots and units in the Greater Pasadena Area, particularly in suburban areas like . These attributes make the property desirable for families looking for both space and convenience.

When was 1559 N Hill Avenue listed?

1559 N Hill Avenue was last listed on Oct 10, 2024, as verified by the Pasadena Real Estate Board’s Multiple Listing Service (MLS) . Properties in this area often get listed and sold within 60 to 90 days, particularly when the housing market is strong and mortgage rates are favorable.

Who is the real estate agent for 1559 N Hill Avenue, Pasadena ?

The real estate agent representing 1559 N Hill Avenue is Robert Renshaw, a licensed realtor in Pasadena, affiliated with REMAX COMMERCIAL & INVESTMENT REALTY. This realtor specializes in properties and has extensive experience with homes and luxury properties in . According to the Pasadena Real Estate Board, it is essential to engage experienced realtors in regions like due to the nuanced real estate trends affecting the area.

Why is the listing at 1559 N Hill Avenue important?

The listing for 1559 N Hill Avenue provides potential buyers with detailed insights into the property’s attributes. As noted by Pasadena real estate expert Richard Evanns, properties in this area are known for their spacious interiors, proximity to top-ranked schools, and low crime rates, all of which influence market desirability. The Pasadena Real Estate Board regularly updates its database, ensuring that the listings reflect the most current market data, including price changes and open house schedules.

What are the nearby schools for 1559 N Hill Avenue?

Families considering a move to 1559 N Hill Avenue will find several top-rated schools in the vicinity. According to the Pasadena District School Board, daycares, schools and high schools are highly regarded for their academic programs. Additionally, the Pasadena District School Board has highlighted the area for its strong community involvement and extracurricular activities, which further enhance the appeal of homes like 1559 N Hill Avenue for families with school-aged children.

How accessible is public transportation from 1559 N Hill Avenue?

Public transportation options near 1559 N Hill Avenue include multiple bus routes that connect directly to Pasadena’s subway system. Laura Rubio-Cornejo, the head of transportation for the City of Pasadena, has emphasized the importance of transit accessibility for suburban properties. She notes that homes within 500 meters of a public transit route, like 1559 N Hill Avenue, tend to have a higher walkability score, contributing to property value appreciation over time.

What is the property tax for 1559 N Hill Avenue?

The annual property tax for 1559 N Hill Avenue is determined by the City of Pasadena’s property tax assessment. According to John W. Weldon, a real estate analyst for the City of Pasadena, property taxes in are influenced by the market value of the home, its location, and its size. The tax rate for properties typically ranges from 0.6% to 1% of the assessed value, making it competitive with other suburban regions of Pasadena.

What amenities are near 1559 N Hill Avenue?

The amenities near 1559 N Hill Avenue include parks, shopping centers, and fitness facilities, all of which are key considerations for potential buyers. The urban planner with the City of Pasadena, has identified local attraction as important environmental features that attract families and outdoor enthusiasts to the area. In addition to parks, there are several local grocery stores and restaurants within a short drive, adding to the overall convenience of the location.

What recreational facilities are available near 1559 N Hill Avenue?

In addition to the parks mentioned above, residents of 1559 N Hill Avenue have access to ‘s parks and recreation centers. According to Pasadena Parks and Recreation, these facilities offer a wide range of sports programs and community events that cater to all age groups, making the neighborhood an ideal choice for families seeking an active lifestyle.

By covering all these aspects in detail, this article provides a thorough overview of the property at 1559 N Hill Avenue, Pasadena and its surrounding neighborhood, reflecting the most important factors that influence property value and desirability in the Pasadena real estate market.

To book a showing use the Form on the right hand side below, to see this property immediately before it sells.

1559 N Hill Avenue
Pasadena
$6,495,000
Beds
0 Baths
SqFt
0.48 Acres
Add
Add
$6,495,000
1559 N Hill Avenue
Pasadena, CA, 91104
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1559 N Hill Avenue Pasadena Features

Price:
$6,495,000
MLS #:
24451389
Status:
Active
Baths:
0
Address:
1559 N Hill Avenue
Type:
Residential Income
Neighborhood:
646pasadenane
City:
Pasadena
Listed Date:
Oct 10, 2024
State:
CA
ZIP:
91104
Lot Size:
20,860 sqft / 0.48 acres (approx)
Year Built:
1949

Schools near 1559 N Hill Avenue

Interior of 1559 N Hill Avenue

Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace

1559 N Hill Avenue Exterior Info

Parking Features
Assigned
Parking Spots
25.00
Stories Total
2

Financial

1559 N Hill Avenue listing information

2nd PRICE REDUCTION! INCREDIBLE 6.15% IN-PLACE CAP RATE! We are pleased to present the opportunity to acquire a rare and exceptional 28-unit multifamily property in Pasadena, CA. Originally constructed in 1932 with an addition in 1949, 1559 N Hill Avenue exudes charm and sophistication with its stately colonial architecture and large columned front porch. The property comprises (22) 1-bedroom units, (5) studios, and (1) 2-bedroom, 1-bath unit. There is a beautifully landscaped central courtyard surrounded by a gorgeous vintage Mellenthin-inspired second-floor catwalk. At the rear of the property is a large, easily-accessible surface parking lot with room for 25 vehicles. Tenants have access to a secured, oversized laundry room as well as to a large bike storage room.These spaces as well as another unused storage room are each roughly 1,000 square feet and could be repurposed for any number of different amenities or they could be potentially converted to additional ADU units. The property has been well maintained with only two owners over the past 40+ years. A major overhaul of the electrical system was completed in 2010 which included main panel and transformer replacement as well as rewiring of all units. The building exterior and interior common areas were recently painted as well. Furthermore, there is no need for soft story or similar seismic retrofitting. 1559 N Hill is located in Pasadena’s Historic Highlands neighborhood. This primarily residential enclave is serene and quiet but offers easy access to many great points of interest. Most notably, the property is a short 5-minute walk to Washington Boulevard which is lined with popular shops and restaurants as well as larger national chain stores. 1559 N Hill presents an excellent opportunity for investors looking to acquire a well-positioned multifamily asset in a strong Southern California market. With rental income growth potential and high demand for housing in Pasadena, this property offers both stable current cash flow and significant upside potential.

Map of 1559 N Hill Avenue


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1559 N Hill Avenue
Pasadena, CA
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