$ 2,380,000
679 Earlham Street Pasadena, CA 91101
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,380,000
Est. payment /mo
Active
679 Earlham Street Pasadena, CA 91101
6,291 SqFt
UPDATED:
10/23/2024 01:47 AM
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 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 22% upside, generating a 5.9% cap rate with current rents, 7.9% with market rents.
Location
State CA
County Los Angeles
Area Listing
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