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5.67% CAP, 12.15 GRM ON CURRENT RENTS! REMODELED UNITS, FULL COPPER PLUMBING, UPDATED ELECTRICAL, TANK-LESS WATER HEATERS, MINI-SPLIT & CENTRAL AC SYSTEMS, ROOFS UPDATED, A TON OF ATTENTION TO DETAIL IN REMODELS. NO Soft-Story Retrofit. We are pleased to present this 9-unit apartment that will yield a solid return for the new buyer. The property has been very thoughtfully updated offer modern comfort and convenience all while preserving the original character and charm that so many appreciate and seek out in a property. The unit mix consists of Three 2 Bed + 1 bath units; Two 1 Bed + 1 bath units and Four Studio + 1 bath units. Couple the retro and timeless look of this property with being surrounded by single family homes and it makes sense why it features high occupancy with high rents. There are currently six on-site, parking spaces and property is separately metered for gas and electricity. A well updated, meticulously managed by the ownership and still has upside growth and potential for a new owner make this an investment not to pass up. PLEASE DO NOT DISTURB THE TENANTS.
Property Type(s):
Residential Income
| Last Updated | 10/3/2024 | Year Built | 1935 |
|---|---|---|---|
| Community | Pasadena (NE) | County | Los Angeles |
Price History
| Prior to Oct 3, '24 | $3,000,000 |
|---|---|
| Oct 3, '24 - Today | $2,888,000 |
Additional Details
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Microwave, Range, Refrigerator |
| AREA | Pasadena (NE) |
| GARAGE | Driveway |
| HEAT | Electric, Forced Air, Wall Furnace |
| LOT | 9417 sq ft |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| ZONING | PSC- |
Location
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Listed with Realty Investment Advisors, Inc.
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