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1559 N Hill Ave
Pasadena, CA 91104 Lexington Heights

$6,600,000 USD

Apartments For Sale • 14,640 SF

Property Details

Property Type Apartments
Total Building Size 14,640 SF
Lot Size 0.48 AC
Building Class C
Year Built 1949
Cap Rate 5.82 %
Zoning PSR1

38 Transit Score

76 Walk Score

                
                    Highlights
                
                                Exceptional Going-In Cap Rate of 5.82%
                            
                                Fantastic location in Pasadena's Historic Highlands neighborhood
                            
                                Major electrical upgrades including new main panel, new subpanels and new wiring
                            
                                Three large storage rooms offer ADU potential
                            
                                Massive remaining upside potential

Financial Summary (Actual)

Net Operating Income: $384,091 USD (2024)

Cap Rate:	5.82 %
Total Expenses:	$170,160 USD

Amenities

Fenced Lot
Laundry Facilities
Heating
Kitchen
Range
Bicycle Storage
Zen Garden

Public Transportation

Airport	Drive	Walk	Distance
Bob Hope	26 min	-	19.3 mi
Los Angeles International	44 min	-	27.9 mi
Long Beach (Daugherty Field)	47 min	-	29.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	25
Type:	Surface
Included in Rent:	Yes

Rob Renshaw 310-776-0564 RE/MAX Commercial & Investment Realty

1559 N Hill Ave Pasadena, CA 91104 Lexington Heights