We are pleased to present Earlham Apartments, an excellent value-add, 8-unit apartment complex in Pasadena, CA. The property offers a desirable unit mix of spacious 1, 2, and 3-Bedroom units with amenities such as laminate wood flooring, stainless steel sinks, quartz countertops, electric stoves, and upgraded bathrooms. The apartment building… Read More is a gated community on a palm tree lined road and features covered parking spaces, one garage, individual gas and electric meters, copper plumbing, and a shared laundry facility. The property offers an investor the opportunity to acquire a value-add property with an approximate 20% upside, generating a 6.2% cap rate with current rents, 7.7% with market rents. Read Less
Property listed by Triqor Group, Ryan Loria 949-756-3232
Listing Snapshot
Days Online
295
Last Updated
Property Type
Apartment
Lot Size
0.22 Acres
Year Built
1965
MLS Number
PW24155824
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 1965, Building area total: 6,291, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks
Expenses
Operating expense: $56,142
Garage
1 space
Income
Gross income: $203,228, Net operating income: $147,087
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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