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1559 N Hill Ave
Pasadena, CA 91104
INCREDIBLE 6.15% IN-PLACE CAP RATE! · Multifamily Property For Sale
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28 Units
Investment Highlights
- Exceptional Going-In Cap Rate of 6.15%
- Major electrical upgrades including new main panel, new subpanels and new wiring
- Massive remaining upside potential
- Fantastic location in Pasadena's Historic Highlands neighborhood
- Two large storage rooms offer ADU potential
Property Facts
| No. Units | 28 | Building Size | 14,640 SF |
| Property Type | Multifamily | Average Occupancy | 86% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1949 |
| Building Class | C | Parking Ratio | 1.71/1,000 SF |
| Lot Size | 0.48 AC | ||
| Zoning | PSR1 - restricted Density Multiple Dwelling | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 14,640 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 1.71/1,000 SF |
| Zoning | PSR1 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Site Amenities
- Fenced Lot
- Laundry Facilities
- Bicycle Storage
- Zen Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 300 |
| 1+1 | 22 | - | 500 |
| 2+1 | 1 | - | 600 |
Property Taxes
| Parcel Number | 5850-013-016 | Improvements Assessment | $3,927,000 |
| Land Assessment | $1,683,000 | Total Assessment | $5,610,000 |
Property Taxes
Parcel Number
5850-013-016
Land Assessment
$1,683,000
Improvements Assessment
$3,927,000
Total Assessment
$5,610,000
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