We are pleased to present this 22-unit multi-family property that has undergone extensive updating and renovation. A true turn-key investment that is nearly a 6% Cap Rate, on the south side of Pasadena. Significant capital improvements include updated electrical, plumbing, drain lines, windows, doors and driveway/parking. The… Read More unit mix consists of 4 large 1-bed + 1-bath units and 18 Singles/1-bath with full size kitchens. All units have been renovated to include laminate or vinyl flooring, granite countertops, new cabinets, renovated bathrooms, stainless steel appliances and updated heat/AC systems. Tenants enjoy gated parking and a secure on-site laundry room. The property is meticulously maintained and managed by the ownership. Thoughtful and strategic property improvements enhance tenant appeal and rentability as well as reducing near-term capital expenditure exposure. The unit mix offers high rentability and flexibility in a dynamic rental market. Located not far from CalTech, PCC and the city of San Marino help make the location desired and convenient. Read Less
Property listed by Realty Investment Advisors, Inc., Alexander Metaxas
Listing Snapshot
Days Online
0
Last Updated
Beds
4
Square Ft.
8,820
Lot Size
0.35 Acres
Year Built
1956
MLS Number
26642065
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Refrigerator
Building
Built in 1956, Living area: 8820.0, 1 building, 2 stories, Levels: Two
Heating
Electric, HeatPump
Income
Gross Income: $488,340, Net Operating Income: $329,917
Interior Features
CeilingFans
Lot
0.3475 acres, Dimensions: 73x200
Parking
Assigned, Concrete, OnStreet, SideBySide
Taxes
Parcel Number: 5330001007, Zoning: LCR4YY
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Based on information from California Regional Multiple Listing Service, Inc. as of 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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