For sale 8 Units locate in Pasadena California. For more information please contact the listing agent, Michael McNultyinfo@laaa.com (818) 212-2808

Posted: 08/03/2020 1:03 pm | On HOMEiZ: 1360 days | Updated: 3 years ago | Views: 654

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$2400000

Last Sold Price

$2400000

Last Sold Date

08/03/2020

Total Lot Size

0.38 Acres

Asking Price per Sq. Ft.

$544

Total Building Size Sq. Ft.

4410

Commission Split %

Contact Listing Agent%

Cap Rate %

5.84%

Gross Annual Income

$191297

Net Operating Income

$139045

Gross Rent Multiplier

13.00

Operating Expenses

$52252

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$30000

Property Location & Description

Listing Headline

For sale 8 Units locate in Pasadena California. For more information please contact the listing agent, Michael McNultyinfo@laaa.com (818) 212-2808

Rent control

Rent Control

Property Description

8-units (plus 1-non-conforming studio) located at 827 E Washington Boulevard in Pasadena, California. The property is comprised of four separate bungalow-style buildings with an excellent unit mix of 7- 1 bedroom/1 bathroom, 1- 2 bedroom/1 bathroom and 1- non-conforming studio units. The offering is situated on a large 16,469 square foot lot with 4,410 square feet of gross rent-able area and has been extensively remodeled throughout in 2018. 2018 renovations include: new landscaping, new sprinkler system, new asphalt driveway, new fencing, dual pane windows throughout, high-end stainless steel appliances, new flooring, new cabinets, new doors, fresh paint, new roof, new garage doors, new LED lighting, etc. Each unit gets plenty of sunlight and features a private front-yard complete with a new white fence. A newly remodeled building yielding high returns, this investment provides a savvy investor the opportunity for top of the market cash flow and a headache free, turn-key investment.

Location Description

Pasadena California.

No. of Units

8+1

Price per Unit

$300000

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

1+1

2+1

Occupancy %

100%

Construction Type

Wood & Stucco

No. Stories

Year Built

1941/ Renovated 2018

Overall Property Condition

Very good

Highlights

On-Site Garage Parking

Private Fenced Patios

Highest CAP Rate Deal in Pasadena

Extensively Remodeled in 2018

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Off-street

On-street

Assigned Parking

# of Covered Parkings

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: 2372

Sold

For Sale

$2,400,000

Listing Presented by

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827 East Washington Boulevard . North Central , CA 91104