Bought with Sharon Liu • Re/Max Premier Prop Arcadia
$2,700,000
$2,750,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
5,150 SqFt
SOLD DATE : 11/15/2024
Key Details
Sold Price $2,700,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,150 sqft
Price per Sqft $524
MLS Listing ID CRTR24201947
Sold Date 11/15/24
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1979
Lot Size 8,604 Sqft
Property Description
This unique 6-unit apartment building in the heart of Pasadena offers a compelling investment opportunity with a diverse unit mix: one three-bedroom unit with 2.5 baths, three two-bedroom units with 1.75 baths each, and two one-bedroom units with 1 bath each, all fully occupied by reliable tenants. Managed efficiently, the property is well-maintained and has undergone significant remodeling, with five units renovated between 2010 and 2019, and one unit newly remodeled in 2023. It features individual metering for gas and electricity, while the owner covers water, gardening, trash, and common area electricity costs. Parking is ample with 9 tuck-under spaces. Recent updates include a new roof installed in 2023 and new electric sub-panels for each unit. Additional amenities include private balconies for four units, a laundry area with new metered washer and dryers for added income. Located near Pasadena City College (PCC), CalTech University, and various dining options. This property not only offers residential attractiveness but also promising income potential, making it a solid investment choice.
Location
State CA
County Los Angeles
Interior
Heating Forced Air, Other
Cooling Central Air
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Other
Building
Lot Description Level, Other
Water Public
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