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$5,120,000
Est. payment /mo
7,408 Sqft Lot
UPDATED:
11/19/2024 12:37 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIV24236416
Style Other
Originating Board California Regional MLS
Year Built 1898
Lot Size 7,408 Sqft
Property Description
HIGHLIGHTS: The property is protected from auto-reassessment after sale under the Mills Act. Property tax are currently set at just $22,325 per year / Estimated saving under the Mills Act are $30,000 annually. In essence adding the income of an additional one-bedroom unit, with no expenses. / Attractive in-place offering actual CAP Rate of 4.63% With a ProForma CAP Rate of 5.27% / 2017 Historic Preservation Award / Three (3) two-story, two-bedroom, two-and-one half bathroom units (2B2.5B) + bonus room in master bedroom. / Tenants have access to offsite parking at the Marriott, with several additional local options available for more affordable solutions / Individually metered for all utilities. Water submetering is in place. Currently master-metered for water, 9 individual water meters in place. ) (MILLS ACT PROTECTED PROPERTY) The Historic Fannie Bonham Row House at 221 N Raymond Ave, Pasadena, CA, is a meticulously restored property and the only remaining example of rowhouse construction in the city! The property features a desirable unit mix, including six (6) single-story, 1-bedroom, 1-bathroom units, and three (3) townhouse-style, 2-bedroom, 2.5-bathroom units. Each townhouse unit also includes a bonus room in the master bedroom, offering flexible space ideal for a n
Location
State CA
County Los Angeles
Area 646 - Pasadena (Ne)
Interior
Laundry Other
Exterior
Parking Features Gate / Door Opener, Off-Site Parking
Pool None
Building
Water District - Public
Architectural Style Other
Others
Tax ID 5723001019
Special Listing Condition Not Applicable
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Listed by ALBERT LE • LE INVESTMENT GROUP
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Sharad Gupta
Broker | License ID: 02213637
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