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190 S Craig Ave 3 Unit Apartment Building Offered at $1,480,000 at a 3.33% Cap Rate Pasadena, CA 91107
Investment Highlights
- Classic Craftsman Triplex located in East Pasadena with large rectangular lot.
- Excellent unit mix consisting of two (2B+1B) and one (1B+1B) units.
- Walking distance to Pasadena City College, California Institute of Technology, and The Huntington Library.
Executive Summary
Well-maintained and beautifully landscaped classic Craftsman Bungalow triplex located in desirable East Pasadena. The property features charming curb appeal with a welcoming front porch spanning the main entryway. Situated within walking distance to Pasadena City College, California Institute of Technology, and The Huntington Library. The property sits on a large rectangular lot and offers an excellent unit mix consisting of two (2B+1B) and one (1B+1B) units. One unit is currently vacant, providing an immediate opportunity for an owner-occupant or the potential to lease at market rent. Additional features include separately metered gas and electricity, on-site coin laundry for additional income, and storage sheds in the rear.
VIEW FULL MARKETING PACKAGE VIA LINK:
https://atlasgrouprealty.com/commercial/190-south-craig-avenue
VIEW FULL MARKETING PACKAGE VIA LINK:
https://atlasgrouprealty.com/commercial/190-south-craig-avenue
Property Facts
Amenities
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,100 | - |
| 2+1 | 2 | $2,131 | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5747-008-031 | Improvements Assessment | $258,155 |
| Land Assessment | $490,506 | Total Assessment | $748,661 |
Property Taxes
Parcel Number
5747-008-031
Land Assessment
$490,506
Improvements Assessment
$258,155
Total Assessment
$748,661
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190 S Craig Ave