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1711 Fremont Ave
South Pasadena, CA 91030
Multifamily Property For Sale
·
6 Units
Investment Highlights
- First time on the market in over 18 years (last sold September 2007), proudly owned and meticulously maintained by the same family.
- Located in the award-winning, top-notch South Pasadena Unified School District, with walking distance (5-10 minutes) to all three schools
- Four units brought to near-new condition through extensive owner remodels in past year
- Pro Forma Cap Rate 4.02% at $2,880,000 asking price with NO RENT CONTROL and no/minimal additional capital needed
- Prime position in a safe, quiet, tree-lined neighborhood, one block from Fair Oaks Ave, near parks, Metro Gold Line, and vibrant shops/restaurants
- Four units delivered vacant, providing immediate upside to stabilize at pro forma NOI of $115,265 through market-rate leasing in a high-demand area
Property Facts
| No. Units | 6 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 5,315 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1950/2025 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Zoning | R310000, S Pasadena - Zoning: SPR310000 — South Pasadena's code for apartment houses (5+ units), permitting this 6-unit multifamily building in a residential district. | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,315 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2025 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | R310000, S Pasadena - Zoning: SPR310000 — South Pasadena's code for apartment houses (5+ units), permitting this 6-unit multifamily building in a residential district. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Kitchen
- Hardwood Floors
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Trash Compactor
- Large Bedrooms
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,462 | 700 |
| 2+1.5 | 1 | $2,775 | 950 |
| 2+1 | 2 | $2,550 | 820 - 950 |
Property Taxes
| Parcel Number | 5319-023-008 | Improvements Assessment | $618,658 |
| Land Assessment | $1,148,665 | Total Assessment | $1,767,323 |
Property Taxes
Parcel Number
5319-023-008
Land Assessment
$1,148,665
Improvements Assessment
$618,658
Total Assessment
$1,767,323
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