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Apartments For Sale • 8,430 SF
| 16-Unit Value Add Opportunity in Pasadena: Excellent 16-unit value add opportunity in Pasadena with current rents approximately 15% under market rate |
| Excellent Metrics: $228,125 price per unit / 5.85% cap rate and 11.05 GRM on current rents - OVER A 6% CAP RATE WITHIN FIRST YEAR OF OWNERSHIP |
| Favorable Unit Mix: Excellent unit mix consisting of (2) two-bedroom/one-bathroom units, (12) one-bedroom/one-bathroom units and (2) studios |
| Walk Score 80: Property has Walk Score of 80 (very walkable) and it is just down the street from Homestate & Stumptown Coffee Roasters |
| Proximity to 210, 134 and 110 Freeways: Residents have easy commute to Downtown LA, Eagle Rock, Highland Park, La Cañada Flintridge |
| Located Near Public Transit (A Line): close in proximity to several of Pasadena’s A Line Stations providing convenient westbound access to DTLA |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Bob Hope | 25 min | - | 16.6 mi |
| Los Angeles International | 42 min | - | 26.9 mi |
| Long Beach (Daugherty Field) | 45 min | - | 28.5 mi |
