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$ 2,380,000
Est. payment | /mo
6,291 SqFt
$ 2,380,000
Est. payment | /mo
6,291 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,291 sqft
Price per Sqft $378
MLS Listing ID CRPW24155824
HOA Y/N No
Year Built 1965
Lot Size 9,778 Sqft
Acres 0.22
Property Sub-Type Other
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 an approximate 20% upside, generating a 6.2% cap rate with current rents, 7.7% with market rents.
Location
State CA
County Los Angeles
Zoning PSR1
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5731014006
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Listed by Ryan Loria • Triqor Group