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1242-1250 N Mentor Ave
Pasadena, CA 91104
1242-1250 N Mentor Ave · Multifamily Property For Sale
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18 Units
Investment Highlights
- Excellent Unit Mix Composed of Studio, One-Bedroom Units and Two-Bedroom Units!
- All Apartment Units have Additional Storage Units
- Large 21,384-Square Foot Lot Zoned PSR6
- Not Affected by Measure ULA, Commonly Known as the “Mansion Tax”
- Value-Add Opportunity - Approximately 28% in Rental Upside via Interior & Common Area Renovations!
- On-Site Parking and Pool for Tenants!
Property Facts
| No. Units | 18 | Building Size | 10,840 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | B | Parking Ratio | 1.11/1,000 SF |
| Lot Size | 0.49 AC | ||
| Zoning | PSR6 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.49 AC |
| Building Size | 10,840 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | PSR6 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 400 |
| 1+1 | 12 | - | 555 |
| 2+1 | 4 | - | 700 |
Property Taxes
| Parcel Number | 5740-002-032 | Improvements Assessment | $2,754,000 |
| Land Assessment | $1,836,000 | Total Assessment | $4,590,000 |
Property Taxes
Parcel Number
5740-002-032
Land Assessment
$1,836,000
Improvements Assessment
$2,754,000
Total Assessment
$4,590,000
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