3614-3618 Pasadena Ave - Apartments FOR SALE
Los Angeles, CA 90031 |
3614-3618 Pasadena Ave
Los Angeles, CA 90031
HIGHLIGHTS
- Significant value-add opportunity, current rents are approx. 60% below market compared to renovated units in the area
- 4 parcel portfolio directly across the street from the Heritage Square Metro Station (Tier 3 TOC)
- Existing improvements include (15) bungalow-style units, (1) duplex, (7) mixed-use units and a vacant lot
- Massive 51,492 SF two-corner lot
- Conveniently located near the LA River Project and major local hotspots throughout Highland Park and Cypress Park
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
25 Units w/ 60% Upside & 14.65 Current GRM
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
14764
STORIES
1
YEAR BUILT
1924
PARKING SPACES
17
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5446-027-002,5446-027-024,5446-027-025
