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$ 5,585,000
Est. payment /mo
Active Under Contract
276 S Sierra Madre BLVD Pasadena, CA 91107
4 Beds
22 Baths
8,884 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 8,884 sqft
Price per Sqft $628
MLS Listing ID 26642065
Bedrooms 4
HOA Y/N No
Year Built 1956
Lot Size 0.335 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Zoning LCR4YY
Interior
Interior Features Ceiling Fan(s)
Heating Electric, Heat Pump
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Parking Features Assigned, Concrete, On Street, Side By Side
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5330001007
Financing Cash
Special Listing Condition Standard
Listed by Alexander Metaxas Realty Investment Advisors, Inc. #01784652
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