Homes for sale - 60 El Nido AVE, Pasadena, CA 91107

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Sharad Gupta

contact@trademyhome.com +1(408) 401-1003

$5,800,000

Est. payment - /mo

0.47 Acres Lot

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UPDATED:

10/17/2024 07:47 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR24082052

Style Bungalow

Originating Board California Regional MLS

Year Built 1946

Lot Size 0.472 Acres

Property Description

A HIGH CAP Rate and almost turnkey 12-unit + 3 ADUs garden style apartment investment opportunity located in the highly desirable City of Pasadena, CA. With CAP Rate Close to 5% in a Class-A Location, Single-story duplexes layout, and Arcadia adjacent location, this offering provides an extremely rare opportunity for investors to acquire a beautifully upgraded apartment in an excellent location in Pasadena. Six out of 12 units (50%) have been completely upgraded and provides new owners with immediate market rent without having to deal with tenant relocation and units upgrade process. The property is a beautiful asset with attractive four single-story duplexes and one two-story fourplex in the back. It is located in a mature and quiet residential neighborhood with superb access to many City of Pasadena and City of Arcadia have to offer. It is near Target shopping center, Hastings Ranch neighborhood in Pasadena and located close to City of Arcadia border with Santa Anita Mall just minutes away. The property was built in 1946 and underwent massive renovation in 2023-2024. It is situated on an oversized ±20,570 SF lot size with medium density zoning RM-32 (32 units/Acre). It has excellent curb appeal with front drought tolerant landscaping, new wrought-iron gate and fencing, and many

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Flooring Laminate

Laundry Gas Hookup, Laundry Area, 30, Washer, Washer/Dryer - Owned, Community Facility, Dryer

Exterior

Parking Features Assigned Spaces, Carport

Garage Spaces 12.0

Pool 31, None

View Hills, 30

Roof Type Shingle

Building

Story One Story

Water District - Public

Architectural Style Bungalow

Others

Tax ID 5754006018

Special Listing Condition Not Applicable

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Listed by Han Chen • Growth Investment Group Pasade

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Sharad Gupta

Broker | License ID: 02213637

contact@trademyhome.com

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

60 El Nido AVE Pasadena, CA 91107

Sharad Gupta

Key Details

Location

Interior

Exterior

Building

Others

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60 El Nido AVE