REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$5,585,000

Est. payment - /mo

4 Beds

22 Baths

8,884 SqFt

Save

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 8,884 sqft

Price per Sqft $628

MLS Listing ID 26642065

Bedrooms 4

HOA Y/N No

Year Built 1956

Lot Size 0.335 Acres

Property Description

6% CAP RATE, TURN-KEY PROPERTY! We are pleased to present this 22-unit multi-family property that has undergone extensive updating and renovation. A turn-key investment with a 6% Cap Rate, on the south side of Pasadena. Significant capital improvements include updated electrical, plumbing, drain lines, windows, doors and driveway/parking. The unit mix consists of 4 large 1-bed + 1-bath units and 18 Singles/1-bath with full size kitchens. All units have been renovated to include laminate or vinyl flooring, granite countertops, new cabinets, renovated bathrooms, stainless steel appliances and updated heat/AC systems. Tenants enjoy gated parking and a secure on-site laundry room. The property is meticulously maintained and managed by the ownership. Thoughtful and strategic property improvements enhance tenant appeal and rentability as well as reducing near-term capital expenditure exposure. The unit mix offers high rentability and flexibility in a dynamic rental market. Located not far from CalTech, PCC and the city of San Marino help make the location desired and convenient.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning LCR4YY

Interior

Interior Features Ceiling Fan(s)

Heating Electric, Heat Pump

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator

Exterior

Parking Features Assigned, Concrete, On Street, Side By Side

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5330001007

Financing Cash

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Alexander Metaxas Realty Investment Advisors, Inc. #01784652

NEARBY SCHOOLS & PROPERTIES

Have questions about this property, other properties, or thinking of selling a similar one? We’re here to help. Simply complete the GET MORE INFORMATION form, and we’ll be in touch shortly!

+1(714) 681-1222

info@1visionproperties.com

GET MORE INFORMATION

QUICK SEARCH

276 S Sierra Madre BLVD Pasadena, CA 91107