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Listed by Ryan Loria • Triqor Group
$ 2,380,000
Est. payment /mo
Active
679 Earlham Street Pasadena, CA 91101
6,291 SqFt
UPDATED:
11/25/2024 03:51 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,291 sqft
Price per Sqft $378
MLS Listing ID PW-24155824
Year Built 1965
Lot Size 9,778 Sqft
Property Description
We are pleased to present Earlham Apartments, an excellent value-add, 8-unit apartment complex in Pasadena, CA. The property offers a desirable unit mix of spacious 1, 2, and 3-Bedroom units with amenities such as laminate wood flooring, stainless steel sinks, quartz countertops, electric stoves, and upgraded bathrooms. The apartment building is a gated community on a palm tree lined road and features covered parking spaces, one garage, individual gas and electric meters, copper plumbing, and a shared laundry facility. The property offers an investor the opportunity to acquire a value-add property with 22% upside, generating a 5.9% cap rate with current rents, 7.9% with market rents.
Location
State CA
County Los Angeles
Zoning PSR1
Interior
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 1.0
Pool None
Community Features Sidewalks
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944