1315 N Marengo Ave - Apartments FOR SALE
Pasadena, CA 91103 |
1315 N Marengo Ave
Pasadena, CA 91103
HIGHLIGHTS
- VERY ATTRACTIVE Value-add with over 9% Cash-on-cash return, ±6.77% CAP Rate and ±7.95% Proforma CAP RATE (Buyer to verify)
- Recently updated building with many recent CAPEX and 4 units have been fully upgraded.
- Colonial revival architectural style with charming characters; Most units have high ceilings
- 5 units have been upgraded with modern upgrades, One unit is vacant and will be delivered vacant
- Clear ADUs Upside with 5 garage parking; Individually metered for electricity and gas.
- High existing gross income and net income, providing one of the best cash-flow deals in Pasadena.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Over 9% Cash-on-cash in Pasadena, 6.77% CAP
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
3608
STORIES
2
YEAR BUILT
1892
PARKING SPACES
8
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
5729-013-019
