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Apartments For Sale • 5,315 SF
| First time on the market in over 18 years (last sold September 2007), proudly owned and meticulously maintained by the same family. |
| Pro Forma Cap Rate 4.02% at $2,880,000 asking price with NO RENT CONTROL and no/minimal additional capital needed |
| Located in the award-winning, top-notch South Pasadena Unified School District, with walking distance (5-10 minutes) to all three schools |
| Prime position in a safe, quiet, tree-lined neighborhood, one block from Fair Oaks Ave, near parks, Metro Gold Line, and vibrant shops/restaurants |
| Four units brought to near-new condition through extensive owner remodels in past year |
| Four units delivered vacant, providing immediate upside to stabilize at pro forma NOI of $115,265 through market-rate leasing in a high-demand area |
| Cap Rate: | 4.00 % |
| Total Expenses: | $65,185 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 13 min | - | 6.9 mi | |
| Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 16 min | - | 8.3 mi |
| Transit/Subway | Drive | Walk | Distance |
| South Pasadena (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 3 min | 18 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 28 min | - | 18.5 mi |
| Los Angeles International | 38 min | - | 22.9 mi |
| Long Beach (Daugherty Field) | 34 min | - | 23.0 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Surface |
| Included in Rent: | Yes |
