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$1,765,000
Est. payment /mo
0.26 Acres Lot
UPDATED:
11/25/2024 05:52 PM
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRP1-19141
Originating Board California Regional MLS
Year Built 1961
Lot Size 0.255 Acres
Property Description
This 5-unit, single-story apartment complex in Pasadena features two-bedroom, one-bathroom units, offering a total interior space of 4,600 square feet on an 11,116 square foot lot. Fully occupied on month-to-month leases, the property has special PSR1 zoning, allowing for institutional use. Current rents yield a 4% cap rate, with potential for a 6.7% market cap rate. The front unit includes a two-car garage, while the remaining units have attached covered carports. Each unit is equipped with separate electricity and gas meters. The property also benefits from its prime location near the Rose Bowl, Old Town Pasadena, freeways, public transportation, and schools. Drive-by only--please do not disturb tenants or enter the property.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry None
Exterior
Parking Features Assigned Spaces, Carport , Garage
Garage Spaces 6.0
Pool 31, None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 5728013044
Special Listing Condition Not Applicable
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© 2025 MLSListings Inc. All rights reserved.
Listed by Ramiro Rivas • The Agency
GET MORE INFORMATION
Sharad Gupta
Broker | License ID: 02213637
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