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1590 N Fair Oaks Ave 14 Unit Apartment Building $3,895,000 ($278,214/Unit) 5.30% Cap Rate Pasadena, CA 91103
EXECUTIVE SUMMARY
A unique opportunity to purchase this North Fair Oaks, Pasadena fourteen (14)unit multi-family property. Originally built in 1960, the building was purchased by the current owner in 2013 and has undergone a full rehabilitation to its current state and condition. Low vacancy, high occupancy pride of ownership property.
For all tours (by appointment only) or additional information, please contact Brokers.
* 14 units
* Thirteen (13) 2+1 units, one (1) 1+1 unit
* Nearby access to 5/2/210/134 freeways
* Gated common areas
* Close to Downtown Pasadena, restaurants and entertainment, Rose Bowl
For all tours (by appointment only) or additional information, please contact Brokers.
* 14 units
* Thirteen (13) 2+1 units, one (1) 1+1 unit
* Nearby access to 5/2/210/134 freeways
* Gated common areas
* Close to Downtown Pasadena, restaurants and entertainment, Rose Bowl
PROPERTY FACTS
| Price | $3,895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $278,214 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 5.30% | Building Size | 9,064 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Zoning | SR - Low-Density Residential | ||
| Price | $3,895,000 |
| Price Per Unit | $278,214 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 9,064 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | SR - Low-Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
SITE AMENITIES
- Laundry Facilities
- Wheelchair Accessible
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 13 | - | - |
| 1+1 | 1 | - | - |
1 1
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 5836-025-028 | Improvements Assessment | $735,512 |
| Land Assessment | $1,471,029 | Total Assessment | $2,206,541 |
PROPERTY TAXES
Parcel Number
5836-025-028
Land Assessment
$1,471,029
Improvements Assessment
$735,512
Total Assessment
$2,206,541
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1590 N Fair Oaks Ave
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