Description
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 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 22% upside, generating a 5.5% cap rate with current rents, 7.5% with market rents.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
46502203
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
-
Exterior Features
Building Information
- Year Built: 1965
- Building Area Total: 6,291
Pool Features
- None
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.2245
- Lot Size Source: Public Records
- Lot Size Square Feet: 9778
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Listing Information
Listing Price Information
- Original List Price: 2,488,000
- Listing Contract Date: 2024-07-29
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5731014006
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 646 - Pasadena (NE)
- Postal Code Plus 4: 1252
- Directions: Driving East on Orange Grove Blvd., Turn right onto El Molino Ave., then left onto Earlham St., Property is your left.
- Zoning: PSR1
- Source Property Type: Residential Income
- Area: 646 - Pasadena (NE)
- Property SubType: Apartment
Building and Construction
- Property Age: 59
- Common Walls: 2+ Common Walls
- Structure Type: Apartment
- Year Built Source: Public Records
- Entry Level: 1
- Entry Location: /
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 10/05/2024 @ 16:11
- MLS: PW24155824
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 6,291 sqft, 9,778 sized lot, and 1 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Pasadena , in zip code 91101, this Los Angeles County Home are nearby neighborhoods.