679 Earlham Street, Pasadena, CA 91101

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Glen Henderson

[email protected] +1(619) 889-7646

$2,380,000

Est. payment - /mo

6 Beds

4 Baths

9,778 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24155824

Bedrooms 6

HOA Y/N No

Lot Size 9,778 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Conventional

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.
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

Area Pasadena (91101)

Zoning Public Rec

Building

Lot Description Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 2 Story

Others

Monthly Total Fees $157

Acceptable Financing Conventional

Space Rent $1,991

Listing Terms Conventional

CFD/Mello-Roos Fee $1, 888

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Listed by Ryan Loria • Triqor Group

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

679 Earlham Street Pasadena, CA 91101

Glen Henderson

Key Details

Location

Building

Others

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