610 N Oakland Avenue new

Pasadena,CA 91101

$ 2680000

- Bed

0 Bath

6904 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,904 sqft

Price per Sqft $388

MLS Listing ID CRPW25146387

Year Built 1958

Lot Size 0.292 Acres

Property Sub-Type Other

Property Description

Oakland Apartments is an 8-unit apartment building located in the desirable city of Pasadena, CA. This property offers an ideal unit mix of large 1- and 2-bedrom units with amenities that include laminate wood flooring, stainless steel appliances, quartz countertops, custom kitchen cabinetry, and upgraded bathrooms. The property features carport parking spaces, individual gas and electric meters, individual water heaters, new windows, a newly upgraded shared laundry facility which is owned, copper plumbing, and a new roof. The property offers an investor the opportunity to acquire a fully occupied asset in excellent condition with approximately 20% upside. Strong in place rents generate a current cap rate of 5.7%, 7.1% with market rents.

Location

State CA

County Los Angeles

Zoning PSR1

Interior

Laundry Other

Building

Lot Description Irregular Lot

New Construction No

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