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2038 Meridian Ave
South Pasadena, CA 91030
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.41 AC |
| Property Type | Multifamily | Building Size | 5,320 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1923 |
| Building Class | B | Parking Ratio | 3.01/1,000 SF |
| Zoning | R3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.41 AC |
| Building Size | 5,320 SF |
| No. Stories | 1 |
| Year Built | 1923 |
| Parking Ratio | 3.01/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
ABOUT 2038 MERIDIAN AVE , SOUTH PASADENA, CA 91030
BACK ON MARKET - PRICE REDUCTION. Marcus & Millichap is proud to exclusively present the opportunity to acquire 2038 Meridian Avenue, an 8 unit investment opportunity located in South Pasadena, California. The property was built in 1923 and sits on a lot size of 17,685 square feet and has a building size of 5,328 square feet. With its distinctive Spanish style architecture, the buildings are comprised of (4) single story cottages with one bedroom/one bathroom units with front and rear/side door access and (2) two story duplex buildings with (4) one bedroom/one bathroom floor plans. There is ample open space parking located behind the property. All of the units feature hardwood flooring and are individually metered for gas and electricity and have individual hot water heaters. The property is a value add opportunity in a prime San Gabriel Valley location with the potential to maximize rental income through renovations to the interior and exterior of the units. An investor will have the unique opportunity to realize significant upside in a high barrier to enter market.The Seller is also offering for sale 2028 Meridian Avenue, South Pasadena, California and would like to close the two properties concurrently. Please call for an Offering Memorandum.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,600 | 665 |
PROPERTY TAXES
| Parcel Number | 5319-038-017 | Improvements Assessment | $984,280 |
| Land Assessment | $1,203,008 | Total Assessment | $2,187,288 |
PROPERTY TAXES
