For sale a multi-tenant office building. For more information, please contact the listing agent, Edward Chao 818-212-2763 Edward.Chao@marcusmillichap.com

Posted: 12/20/2019 12:32 pm | On HOMEiZ: 1594 days | Updated: 4 years ago | Views: 806

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$4575000

Last Sold Price

$4575000

Last Sold Date

11/22/2019

Total Lot Size

19,382.00 Sq. Ft.

Asking Price per Sq. Ft.

$584

Total Building Size Sq. Ft.

7830

Commission Split %

Contact listing agent%

Cap Rate %

5.45%

Gross Annual Income

Net Operating Income

$249338

Gross Rent Multiplier

0.00

Operating Expenses

Annual Property Tax Rate for this property

0.755%

Property tax total amount

$34541

Property Location & Description

Listing Headline

For sale a multi-tenant office building. For more information, please contact the listing agent, Edward Chao 818-212-2763 Edward.Chao@marcusmillichap.com

Property Description

This asset rests on a 19,382 SF lot (0.45 Acres) and is an ideal opportunity for an owner user / investor to capitalize on the cash flow potential of the property. The property currently has two vacant and 18 fully occupied suites on one-year leases. Additional income is also generated from on-site parking (managed by Diamond Parking Services) and three garages.

Location Description

prime location of downtown Pasadena, less than 5 minutes walking from Pasadena Civic Auditorium and the premier dining and shopping destination of The Paseo; less than a mile from from Pasadena City Hall, the premier dining and shopping of Old Pasadena, and many other thriving businesses.

APN / Parcel ID

5722030010

Building Class

Occupancy %

95%

No. Stories

Year Built

1937

Overall Property Condition

Good

Highlights

Multi-Tenant Office Building With Significant Upside Potential

Features 20 Office Units (18 Fully Occupied With Year Long Leases & 2 Vacant)

Property Information

Building Amenities

Controlled access

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Assigned Parking

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

No Data

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

Urban Core

More information

MLS URL of this listing to link to your own site or brokerage site

Not in MLS

Listing Info

Listing ID: 2112

Sold

For Sale

$4,575,000

Listing Presented by

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130 South Euclid Avenue . Pasadena , CA 91101