Pasadena CA - Catalina Crest Condominiums
Located just north of Rose Parade route on Colorado Boulevard in Pasadena, Catalina Crest is a 30 unit single level condominium complex located at 70 North Catalina Avenue. Built in 1987, the units feature two or three bedrooms with two baths. Amenities in the condos include in-unit laundry, good storage and private balconies or patios. Catalina Crest is a secured building in a courtyard-like setting. Parking is in a subterranean garage.
The location is located just east of the South Lake Avenue District with its bustling business, shopping and dining. The world famous Ice House Comedy Club is nearby as are many other entertainment venues. The Gold Line station at Lake Avenue and the Foothill(210) Freeway are easily accessible.
There is currently one condo on the market for sale at Catalina Crest. It is a two bedroom, two bath unit located on the top floor(third) of the complex. This is a renovated unit with recessed lighting,hardwood floors and updated kitchen with approximately 1148 square feet of living. It is priced at $395,000.
Please note: at the present time, units sold at Catalina Crest will need to be all cash. Why? The complex has investor owned participation of more than 10% -- in this situation one owner owns a majority of the units in the complex and most traditional lenders will not lend when this is the situation.
There were two sales in 2012 according to our local multiple listing service(MLS) statistics. The sales were both two bedrooms/two baths and sold for $240,000 and $265,000 -- both all cash transactions and both selling in excess of the list price. There were no sales in 2011 according to the MLS.
Currently there is one unit for lease: a two bedroom/two bath on the top floor listed for $1,790. Leases generally have been in the $1700 range for two bedrooms. A three bedroom leased in the complex for $2100 in 2011 according to the MLS.
If you would like more information regarding Pasadena area real estate whether you be a prospective buyer, a homeowner thinking of selling, an investor, a possible tenant or just curious about our current market give me a call at 818.516.4393 cell or michaeljacobs@coldwellbanker.com
Pasadena CA - Catalina Crest Condominiums
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