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679 Earlham St
Pasadena, CA 91101 Olive Heights

$2,380,000 USD

Apartments For Sale  •  6,291 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,291 SF
  • Lot Size 0.22 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 5.94 %
  • Zoning RM12, Pasadena
62 Transit Score
84 Walk Score

Highlights

First Time on the Market in Over 16 Years
Desirable Unit Mix Consisting of Spacious 1, 2, and 3-Bedroom Units
High In-Place Cap Rate of 5.9%, 7.9% with Market Rents
Value-Add Opportunity with Approximately 22% Upside

Financial Summary (Actual)

Net Operating Income: $141,436 USD (2023)
Cap Rate: 5.94 %
Total Expenses: $56,083 USD

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 13 min - 9.8 mi
Transit/SubwayDriveWalkDistance
Lake Avenue Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 13 min 0.7 mi
AirportDriveWalkDistance
Bob Hope 24 min - 17.4 mi
Los Angeles International 41 min - 26.1 mi
Long Beach (Daugherty Field) 43 min - 27.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: Yes
Ryan Loria 949-756-3232 Triqor Group
Ryan Loria 949-756-3232 Triqor Group