1677 N Lake Ave - Apartments FOR SALE


Pasadena, CA 91104- Normandie Heights
$2,975,000 USD
626-695-6588
1677 N Lake Ave, Pasadena, CA for Sale
$2,975,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

1677 N Lake Ave
Pasadena, CA 91104
Normandie Heights


HIGHLIGHTS

  • Amenities include carport parking, individual laundry rooms, and proximity to the North Lake Avenue corridor’s retail and services.
  • ncome-Producing Asset: Two-story 12-unit multifamily building offering a total of 9,118 square feet with 14 bedrooms and 14 bathrooms
  • Located along North Lake Avenue, a major north-south corridor connecting Pasadena to Altadena, with walkable access to dining, retail

OVERVIEW

Located on North Lake Avenue, the major north/south corridor from Pasadena to Altadena providing a variety of eateries, financial services, transportation, personal service establishments, boutique and major retailers, has this multi-family, twelve unit building much to offer to residents and investors alike. Spacious units, covered surface parking (12 spaces), onsite laundry room, and more. Constructed in 1959 and situated on approximately 0.38 acres. The asset comprises 9,118 square feet across two stories and features a unit mix of (predominantly 1-bed/1-bath units)

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

12

PRICE/UNIT

$247,917

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

PSR1

APN/PARCEL ID

5848-011-008

ASK ABOUT THIS PROPERTY

Gary AhlfeldtM&A Real Estate Services, Inc.More Info
626-695-6588

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Gary AhlfeldtM&A Real Estate Services, Inc.More Info
626-695-6588

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.