Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
260 Linda Rosa Avenue . Mid Central , CA 91107
For sale 7 units locate in Pasadena , California. Approx. 29% Upside Potential in rents. For more information contact the listing agent, Michael McNulty Jr. 818-212-2709 Michael.McNulty@marcusmillichap.com
Posted: 12/09/2021 7:29 pm
| On HOMEiZ: 880 days |
Updated: 2 years ago
| Views: 460
Location Map
Property Type
Sold
Property Price
$2350000
$2350000
12/10/2021
0.17
Acres
$387
6068
2.0%
4.36%
$0
$102460
15.02
$0
1.25%
$29375
Property Location & Description
For sale 7 units locate in Pasadena , California. Approx. 29% Upside Potential in rents. For more information contact the listing agent, Michael McNulty Jr. 818-212-2709 Michael.McNulty@marcusmillichap.com
Rent Control
The building area is 6,068 sq.ft, meaning the average unit size is about 866 sq.ft., and it sits on a lot
size of 7,524 sq.ft. (0.17 acres).
This well designed, 7-unit property has an excellent unit mix of all townhouse style units comprised of (6) 2-Bed / 1.5-Bath units and (1) 3-Bed / 2.5-Bath unit, and each
unit comes with its own private patio and at least one designated tuck-under parking spot on site.
The building is well maintained with a new roof within the past 7 years that is in very good condition, all copper plumbing throughout, electric circuit breakers, and all
individual meters for gas & electric. Also, select units have been renovated in the past 3 years and come with all new appliances and upgrades. The building has an on-site
laundry room, with the washers and dryers owned by landlord, which brings in some extra income for the property owner. The only main deferred maintenance item to
speak of is that this building does need the seismic, soft-story retrofitting to be done.
This value add, townhouse style multifamily property, which is located in a very good part of Pasadena, allows a savvy investor the opportunity to capitalize on the
estimated 29% upside potential in rents over time. This property is a perfect long term investment or quick value add and flip, depending on the buyer's investment strategy.
Located in a great pocket Pasadena, California, which is south of the 210 freeway and a
very short distance from Old Pasadena and the Playhouse District.
7
$335714
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
2+2
6
$2040
2.
3+2
1
$2675
3.
4.
5.
5746-011-019
RM16, Pasadena
100%
Wood & Stucco
2
1964
Good
Great Unit Mix: 2 and 3 Beds
Newer Roof & Copper Plumbing
All Townhouse Style Units
Approx. 29% Upside Potential
Property Information
Sewer
Sewer System (Public)
Parking
On-street
Assigned Parking
7
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
Listing Presented by
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