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113 N Grand Oaks Ave 8 Unit Apartment Building $2,880,000 ($360,000/Unit) 5.25% Cap Rate Pasadena, CA 91107
Executive Summary
8-unit multifamily property located in the heart of Pasadena. This well-maintained two-story building sits on a 8,507sf lot and offers approximately 6.448sf of rentable living space. Each of the 8 units features 2 bedrooms and 1 bathroom, approximately 800sf in size, with amenities including central air conditioning and in-unit laundry or hookups. Property has charming curb appeal with updated exterior paint, gated driveway, and covered parking for tenants.
Property Facts
| Price | $2,880,000 | Building Class | C |
| Price Per Unit | $360,000 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 6,448 SF |
| Cap Rate | 5.25% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 3.72/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | PSR3 - R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price | $2,880,000 |
| Price Per Unit | $360,000 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,448 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 3.72/1,000 SF |
| Zoning | PSR3 - R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Oven
- Tub/Shower
- Carpet
- Dining Room
- Family Room
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 800 |
1 1
Walk Score®
Very Walkable (87)
Property Taxes
| Parcel Number | 5746-008-064 | Improvements Assessment | $1,576,920 |
| Land Assessment | $1,050,600 | Total Assessment | $2,627,520 |
Property Taxes
Parcel Number
5746-008-064
Land Assessment
$1,050,600
Improvements Assessment
$1,576,920
Total Assessment
$2,627,520
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113 N Grand Oaks Ave
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