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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.
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
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190 S Craig Ave
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