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Listed by Ryan Loria • Triqor Group
$2,380,000
Est. payment /mo
6,291 SqFt
Active
679 Earlham Street Pasadena, CA 91101
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,291 sqft
Price per Sqft $378
MLS Listing ID PW-24155824
Year Built 1965
Lot Size 9,778 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present Earlham Apartments, an excellent value-add, 8-unit apartment complex in Pasadena, CA. The property offers a desirable unit mix of spacious 1, 2, and 3-Bedroom units with amenities such as laminate wood flooring, stainless steel sinks, quartz countertops, electric stoves, and upgraded bathrooms. The apartment building is a gated community on a palm tree lined road and features covered parking spaces, one garage, individual gas and electric meters, copper plumbing, and a shared laundry facility. The property offers an investor the opportunity to acquire a value-add property with an approximate 20% upside, generating a 6.2% cap rate with current rents, 7.7% with market rents.
Location
State CA
County Los Angeles
Area 646 - Pasadena Ne
Zoning PSR1
Interior
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 1.0
Pool None
Community Features Sidewalks
Building
Lot Description Rectangular Lot
Sewer Public Sewer