$2,200,000
$2,150,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
4,292 SqFt
SOLD DATE : 01/03/2022
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,292 sqft
Price per Sqft $512
MLS Listing ID PF21206005
Sold Date 01/03/22
Construction Status Turnkey
HOA Y/N No
Year Built 1963
Lot Size 7,553 Sqft
Acres 0.1734
Property Description
Prime well-kept 2 Story apartment building with four units located in a desirable area of NE Pasadena. Peaceful residential neighborhood conveniently located within 2 miles of Pasadena City College, Fuller Seminary, the gold metro link and Caltech makes these units easy rentals for investment: or you can comfortably live in one and the other rented units pay for your mortgage. The building has 12 bedrooms and 8 bathrooms. Each well maintained unit is approximately 1,073 square feet and is spacious with 3 bedrooms and 2 bathrooms. Each unit is provided a private stackable washer, dryer, stove and refrigerator. The 2 ground level units have small private patios. Unit B has been recently remodeled with new flooring, stainless appliances, modernized stylish bathrooms and kitchen. the 5 carport Park spots could be converted into private garages. This is a potentially great investment with the possibility to raise the rents for income growth. Owner’s relative lives in one unit and will easily vacate after closing escrow. With the unit re-rented to market rents, the GRM would be 16 with a 4.76% CAP rate. Call for more information. Drive by only. Listed in MLS also as # PF21212736
Location
State CA
County Los Angeles
Area 646 - Pasadena (Ne)
Rooms
Ensuite Laundry Laundry Closet
Interior
Laundry Location Laundry Closet
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl, Wood
Fireplaces Type None
Fireplace No
Laundry Laundry Closet
Exterior
Garage Carport
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Sidewalks
Roof Type Composition
Parking Type Carport
Total Parking Spaces 6
Private Pool No
Building
Lot Description Sprinklers Timer
Story 2
Sewer Public Sewer
Water Public
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 5744023024
Acceptable Financing Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Angela Waters • Harcourts Prime Properties
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "