267 Barthe Dr | Pasadena, CA 91103
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267 Barthe Dr
Pasadena, CA 91103
18 Units Value-Add in Pasadena · Multifamily Property For Sale
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18 Units
Investment Highlights
- The Subject Property is Offered at an Extremely Attractive Basis of $211,111 Per Unit
- There is 122 Percent Remaining Rental Upside Through Interior Renovations
- Within Close Proximity Highly Renowned Schools and Tech Companies, which Drives Rental Growth and Minimizes Leasing Times
- Long Term Ownership, Family Owned and Operated and Has Not Been on Market in Over 27 Years
- Pasadena Gardens is Located in a Desirable Pocket of Pasadena Within a Short Drive to Lake Avenue, Colorado Boulevard, and South Arroyo Parkway
- New Ownership has Potential to Add Accessory Dwelling Units (ADU) to the Property Allowing for Added Future Growth – Buyer to Verify
Property Facts
| No. Units | 18 | Lot Size | 0.49 AC |
| Property Type | Multifamily | Building Size | 11,117 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1.53/1,000 SF |
| Zoning | PSR1 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 11,117 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.53/1,000 SF |
| Zoning | PSR1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 8 | - | - |
| 2+1 | 9 | - | - |
Property Taxes
| Parcel Number | 5726-008-019 | Improvements Assessment | $1,711,050 |
| Land Assessment | $1,399,950 | Total Assessment | $3,111,000 |
Property Taxes
Parcel Number
5726-008-019
Land Assessment
$1,399,950
Improvements Assessment
$1,711,050
Total Assessment
$3,111,000
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