276 S Sierra Madre Blvd - Apartments FOR SALE


Pasadena, CA 91107
$5,875,000 USD
626-313-4901
276 S Sierra Madre Blvd, Pasadena, CA for Sale
$5,875,000 USD
Apartments - FOR SALE
1/14
null | 5.5% Cap Rate

276 S Sierra Madre Blvd
Pasadena, CA 91107


HIGHLIGHTS

  • TURN-KEY PROPERTY!
  • UPDATED INTERIORS, ELECTRICAL, PLUMBING, WINDOWS, ROOF, LANDSCAPING
  • GATED SECURED ON-SITE PARKING

OVERVIEW

TURN-KEY, FULLY UPDATED PROPERTY!! Rare offering of 22 units, meticulously maintained, South of Del Mar Blvd. at $267K per unit and 5.34% Cap Rate,....Pride of Ownership just north of San Marino border. The property features UPDATED WINDOWS, ELECTRICAL, & PLUMBING SYSTEMS; REMODELED INTERIORS, Newer roof, refreshed landscaping, and secured on-site gated parking, offering a low-maintenance profile for investors seeking a streamlined, predictable operation. Thoughtful improvements enhance tenant appeal while reducing future capital expenditures. Master metered for electricity, gas and water, making this a perfect candidate to pass-thru utility expenses, trimming expenses and improving cash flow! The unit mix includes 4 spacious 1-bed + 1-bath units and 18 well-designed singles, totaling approximately 8,820 square feet of building area on a 14,600 SF lot. With highly functional layouts and modern finishes throughout, the building boasts units that are always in demand and stands out as an exceptionally pride-of-ownership asset in a supply-constrained submarket.

FOR SALE DETAILS

PRICE

$5,875,000 USD

PRICE/SF

$661 USD /SF

# OF UNITS

22

PRICE/UNIT

$267,045

CAP RATE

5.5%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

RM-16, Pasadena

APN/PARCEL ID

5330-001-007

ASK ABOUT THIS PROPERTY

Alexander MetaxasRealty Investment AdvisorsMore Info
626-313-4901

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Alexander MetaxasRealty Investment AdvisorsMore Info
626-313-4901

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