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Multifamily For Sale • 8,458 SF
| 15UNITS - Highly Desirable Single Story 10-units + 5 units near Old Town Pasadena, Very Attractive Return w/ 5.35% Current CAP Rate |
| 5.35% ACTUAL CAP Rate with 6.30% Proforma CAP Rate |
| Excellent location near California Institute of Technology, Pasadena City College, and minutes away from Pasadena Playhouse and Old Town Pasadena |
| SUPERB demographics with ±$112,926 average household income within a 1-mile radius |
| Turnkey apartment (All except 2 units upgraded) – Upgrades completed in 2022-2024, perfect for a 1031 exchange buyer, or a savvy investor |
| Excellent amenities: gated parking, secured entrance, electronic RFI unit locks, fully upgraded unit, private patio in some unit |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 13 min | - | 9.2 mi |
| Transit/Subway | Drive | Walk | Distance |
| Memorial Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 3 min | 13 min | 0.7 mi |
| Lake Avenue Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 15 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 24 min | - | 16.7 mi |
| Long Beach (Daugherty Field) | 43 min | - | 27.9 mi |
| Los Angeles International | 42 min | - | 29.0 mi |
Han Widjaja-Chen
Growth Investment Group California
Han Widjaja-Chen
Growth Investment Group California