Turnkey 13 unit apartment building in Pasadena offers large upside with below-market rents, amenities and upgrades 2 blocks from San Marino. Newly painted (in 2021) and gated building with 2 carport spaces per units offers opportunity for additional income. The coin-operated, owner-owned washing machine and dryer are located in a separate room, giving the owner passive income. Security cameras were installed in 2019 for $8,600. Tenants like the proximity to CalTech, PCC, the 210 freeway, and Old Town Pasadena. Download the OM supplement for additional information. Agents, please read Agent Remarks.
Listed By CRMLS_CA / AMY LAM / RE/MAX MASTERS REALTY
Last checked:
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Last updated Feb 19, 2024
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MLS# CV22133783 —
The Building
Year Built:
1951
Year Built Source:
Assessor
New Construction:
No
Roof:
Composition
Exterior Features:
Lighting
Entry Level:
1
Common Walls:
2+ Common Walls
Building Area Total:
6534.00
Building Area Units:
Square Feet
# of Buildings:
1
Total Number Of Units:
13
Stories Total:
2
# of Separate Gas Meters:
13
# of Separate Water Meters:
1
# of Separate Electric Meters:
13
Interior
Features:
Ceiling Fan(s), Granite Counters, Wired for Data
Levels:
Two
Entry Location:
1
Window Features:
Blinds, Double Pane Windows, Garden Window(s)
Flooring:
Carpet, Vinyl
Room Type:
Kitchen, Living Room, Utility Room
Number Wall AC:
13
Fireplace:
No
Fireplace:
None
Laundry:
Dryer Included, Gas Dryer Hookup, Individual Room, Inside, See Remarks, Washer Hookup, Washer Included
Laundry:
1
Financial & Terms
Disclosures:
LA/Owner Related, Pet Restrictions, Rent Control, Unincorporated
Location
Directions:
S/Colorado, b/w Del Mar and California
Latitude:
34.13945400
Longitude:
-118.10114700
The Property
Property Type:
Residential Income
Subtype:
Apartment
Zoning:
LCR4YY
Lot Features:
Back Yard, Front Yard, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date
Event
Source
Price
% Change
7/31/23
Jul 31, 2023
Relisted
CRMLS_CA
9/12/22
Sep 12, 2022
Pending
CRMLS_CA
$3,600,000
9/12/22
Sep 12, 2022
Sold
CRMLS_CA
$3,600,000
2.9%
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Multifamily
Sold
on 9/12/2022
$3,600,000
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Listing provided by broker:
AMY LAM
RE/MAX MASTERS REALTY
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Listing Courtesy of: CRMLS_CA and RE/MAX MASTERS REALTY.
Based on information from California Regional Multiple Listing Service, Inc. as of 18:44 on May 02.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
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Last updated Feb 19, 2024
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