2028 Meridian Ave
South Pasadena, CA 91030
The Meridian Apartments · Multifamily Property For Sale · 16 Units

This cottage style apartment building is on the market after ownership for over 19 years. Over the duration of ownership, minor improvements have been made to the property including: roofing, plumbing, electrical, and sewer. The street is a quiet residential market area with other apartments and single family residences. Over the course of ownership, the current owner has considered developing a new apartment complex on the total land area of approximately 36,000 square feet. The buildings are made up of 8 single story one bedroom cottage apartment units in the most front properties, with 4 rear duplex cottage style apartments. Most of the cottage apartments have approximately 9 windows per unit, with a front and rear entry. Lease are written with automatic renewal terms with increases and cancelable by either party in writing 90 days before such renewal term giving ownership ultimate flexibility. This property is not under rent control. This is a fantastic property now looking for a new owner. Please email Joseph Duerr at jduerr@raamcorp.com or Christopher Duerr at cjduerr@raamcorp.com to schedule a viewing of the property.