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6 unit building in East PasadenaThe complex offers a desirable unit mix of 2- 2 - bedrooms 1 Ba units- one with patio & fenced yard. 4- 1- bedroom 1- Ba units: 2 units have yards. 2 units have balcony's with stunning mountain views.The upgrades consist of Newer premium wide plank laminate flooring, Granite & tile tops, New and remodeled baths, 6 New electric sub panels, 6- updated water heaters, 7 separate Gas & 7-Electric meters, The building had received new roof aprox 10 yrs old, has had copper re-pipe added. The covered parking is the rear off nicely maintained alley. Concrete pad for 6 cars, separate utility room with new washer and dryer (owned) not rentals. Adjoining storage room for owners use. concrete walkways mature landscaping, notice Steel and concrete stair cases. 4 units are now offered vacant and move in ready, for owner occupant investor. no relocation fees to pay. no soft story retrofit.The offering is a low maintenance, well maintained investment offering upside growth to the buyer. This is a long term ownership property to be proud of.With prior rents on vacant units generating a 4.1 cap rate and Grm 18.9 At Market rates Cap rate 5.2 Grm 15.7
Property Type(s):
Residential Income
| Last Updated | 11/12/2024 | Tract | Other |
|---|---|---|---|
| Year Built | 1960 | Community | Pasadena (NE) |
| County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Cooktop, Electric Oven, Gas Water Heater |
| AREA | Pasadena (NE) |
| CONSTRUCTION | Drywall, Stucco |
| EXTERIOR | Balcony |
| GARAGE | Assigned, Detached Carport |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | Balcony, Storage |
| LOT | 7828 sq ft |
| LOT DESCRIPTION | Front Yard, Sprinklers Timer |
| PARKING | Assigned,Detached Carport |
| POOL DESCRIPTION | None |
| SEWER | Unknown |
| STORIES | 1 |
| STYLE | Traditional |
| SUBDIVISION | Other |
| VIEW | Yes |
| WATER | Public |
| ZONING | PSR3 |
Location
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Listed with Coldwell Banker Realty
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