1540 Laurel St | South Pasadena, CA 91030
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- LoopNet Team
1540 Laurel St
South Pasadena, CA 91030
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- No Local Rent-Control: Landlord is allowed to give 5 percent+ CPI increases on an annual basis.
- Unique Charm: Common area, building architecture, and landscaping design come together to create a unique welcoming feel to the property.
- Ample Parking: Gated garage parking with 26 spaces for 16 units
- Unique Value-Add Opportunity: Current rents are over 20 percent below-market.
- Excellent Unit-Mix: Eight (8) large 1+1bath units and eight (8) large 2+2bath units
- Prime Location: Quiet tree-lined street with immediate walking access to prime shopping and dining
PROPERTY FACTS
| No. Units | 16 | Building Size | 18,572 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.4/1,000 SF |
| Lot Size | 0.46 AC | ||
| Zoning | SPR310000* - SPR310000 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 18,572 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | SPR310000* - SPR310000 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,924 | - |
| 2+2 | 8 | $2,317 | - |
PROPERTY TAXES
| Parcel Number | 5319-006-025 | Improvements Assessment | $3,978,000 |
| Land Assessment | $1,708,500 | Total Assessment | $5,686,500 |
PROPERTY TAXES
Parcel Number
5319-006-025
Land Assessment
$1,708,500
Improvements Assessment
$3,978,000
Total Assessment
$5,686,500
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