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1837 E Colorado Blvd
Pasadena, CA 91107 Lamanda Park

$5,100,000 USD

Apartments For Sale • 9,930 SF

Property Details

Property Type Apartments
Total Building Size 9,930 SF
Lot Size 0.44 AC
Building Class C
Year Built 1958
Zoning PSR

62 Transit Score

90 Walk Score

                
                    Highlights
                
                                20 Total Units in Pasadena
                            
                                31 N Parkwood Ave: 8 Units | (1) 3-Bed/2-Bath, (7) 1-Bed/1-Bath
                            
                                1837 E Colorado Blvd: 12 Units | (12) 1-Bed/1-Bath (All Remodeled)
                            
                                Strong In-Place Income – 6.15% CAP | 10.88 GRM
                            
                                Great Potential for Upside – 8.33% Market CAP | 8.74 Market GRM
                            
                                Low Cost Per Unit: $255K/Unit. Prime Pasadena Location Near PCC, Caltech, Retail, and Transit

Amenities

Air Conditioning
Washer/Dryer
Ceiling Fans
Vinyl Flooring

Public Transportation

Commuter Rail	Drive	Walk	Distance
El Monte (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	18 min	-	8.9 mi
Transit/Subway	Drive	Walk	Distance
Allen Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	9 min	0.5 mi
Airport	Drive	Walk	Distance
Bob Hope	27 min	-	18.8 mi
Long Beach (Daugherty Field)	44 min	-	28.7 mi
Los Angeles International	44 min	-	30.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes

Brett Lyon 310-780-1899 Lyon Stahl Investment Real Estate, Inc.

1837 E Colorado Blvd Pasadena, CA 91107 Lamanda Park