276 S Sierra Madre Blvd - Apartments FOR SALE


Pasadena, CA 91107
$5,585,000 USD
626-487-4300
276 S Sierra Madre Blvd, Pasadena, CA for Sale
$5,585,000 USD
Apartments - FOR SALE
1/12
null | 6.01% Cap Rate

276 S Sierra Madre Blvd
Pasadena, CA 91107


HIGHLIGHTS

  • TURN-KEY PROPERTY
  • MAJOR CAPITAL IMPROVEMENTS
  • EASY TO RENT UNITS
  • STRONG RENTAL LOCATION

OVERVIEW

**FULL CO-OP FEE TO BUYER'S BROKER** 6% CAP RATE, TURN-KEY PROPERTY! We are pleased to present this 22-unit multi-family property that has undergone extensive updating and renovation. A turn-key investment with a 6% Cap Rate, on the south side of Pasadena. Significant capital improvements include updated electrical, plumbing, drain lines, windows, doors and driveway/parking. The unit mix consists of 4 large 1-bed + 1-bath units and 18 Singles/1-bath with full size kitchens. All units have been renovated to include laminate or vinyl flooring, granite countertops, new cabinets, renovated bathrooms, stainless steel appliances and updated heat/AC systems. Tenants enjoy gated parking and a secure on-site laundry room. The property is meticulously maintained and managed by the ownership. Thoughtful and strategic property improvements enhance tenant appeal and rentability as well as reducing near-term capital expenditure exposure. The unit mix offers high rentability and flexibility in a dynamic rental market. Located not far from CalTech, PCC and the city of San Marino help make the location desired and convenient.

FOR SALE DETAILS

PRICE

$5,585,000 USD

PRICE/SF

$633 USD /SF

# OF UNITS

22

PRICE/UNIT

$253,864

CAP RATE

6.01%

% 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

LCR4YY

APN/PARCEL ID

5330-001-007

ASK ABOUT THIS PROPERTY

Alexander MetaxasRealty Investment AdvisorsMore Info
626-487-4300

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Alexander MetaxasRealty Investment AdvisorsMore Info
626-487-4300

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