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466 Cypress Avenue, Pasadena, CA

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466 Cypress Avenue

Pasadena, CA 91103 - Lincoln-Villa MF Submarket

Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1944
Stories:2 Building Size:5,062 SF Land Area:.31 AC (13,678 SF)
For Sale Price:$1,988,000 Price/Unit:$331,333.33 Cap Rate:- GRM:-


Great location. Close to Rose Bowl. Old Town and City College. Needs some TLC.

Sale Notes:
The Growth Investment Group is proud to offer 466-470 Cypress Ave., a
7-unit, NON rent-controlled apartment community in the desirable area
of the City of Pasadena, California. The property is situated on a large
lot size of ±13,678 square feet lot (high density zoning of RM-32) which
provides buyer options for future development.
It is located within walking distance to Old Town Pasadena and offers
excellent access to all amenities the City of Pasadena has to offer. It has
good demographics with an average household income of ±$77,400
within a 2 mile radius.
The property has a very attractive unit mix with one 3bed+2bath unit,
one 3bed+1bath unit, three 2bed+1bath units, and one studio (nonconforming)
unit. The non-conforming studio unit is on master meter for
electricity, gas and water. Two units have been completely remodeled
with laminate hardwood floor, granite kitchen countertops, new kitchen
cabinets, and updated bathroom. The back building units plumbing
have been upgraded to copper piping. The plumbing connection
between the front and back building also has been upgraded to copper

Growth Investment Group, Inc.
Han Widjaja-Chen
(626) 594-4901

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