We are proud to present this pride-of-ownership asset located in the heart of Pasadena. The subject property consists of a 2-Bedroom/1-Bathroom Single Family Residence on its own parcel and (4) Large 1-Bedroom/ 1-Bathroom units on their own parcel. Spanning over 4,666 of rentable square feet on a grand total of… Read More 10,750 square feet of land, an investor will have the flexibility of obtaining residential financing, perfect for an owner-user. Tenants enjoy on-site garage parking, individual washer and dryer hookups in ALL units and private balconies/patios. Tenants pay for electricity & gas while the owner pays for water and trash. The subject property offers a stable investment with a 5.12% cap rate and 14.23 GRM. Located just minutes from Downtown Pasadena and a block from the I-210 Fwy, this asset is positioned in a high-demand rental market with low turnover. Read Less
Property listed by RE/MAX 2000 REALTY, Kristopher German 909-645-0443
Listing Snapshot
Days Online
97
Last Updated
Property Type
Apartment
Lot Size
0.25 Acres
Year Built
1924
MLS Number
CV25030247
30 Days Snapshot Of 91101
$846k
+5%
(avg) sold price
13
-31%
homes sold
97
+29%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 4,666, Levels: Two, 2 stories, 2 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks
Expenses
Insurance expense: $4,677, Operating expense: $36,248, Water sewer expense: $2,862
Fence
AverageCondition
Garage
5 spaces
Income
Gross income: $163,392, Net operating income: $118,975
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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