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334 Pasadena Ave
South Pasadena, CA 91030
Multifamily Property For Sale
·
5 Units
PROPERTY FACTS
| No. Units | 5 | Building Size | 4,186 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1962/2020 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | R3, South Pasadena | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,186 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2020 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | R3, South Pasadena |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Patio
SITE AMENITIES
- Laundry Facilities
ABOUT 334 PASADENA AVE , SOUTH PASADENA, CA 91030
Five units in prime South Pasadena location! 334 Pasadena Avenue is comprised of one 2BD/1BA unit and four 1BD/1BA units, all separately metered for electric and water. The property currently operates at a 24.29 GRM and 2% cap rate and boasts a 70% upside in rents and chance to add additional income from laundry room, storage and parking allowing the building to operate at a GRM of 13.85 and pro forma cap rate of 4.9%. Built in 1961, the property has been well maintained with no deferred maintenance. Great location! Walking distance to Metro stop, close to Arroyo Vista Elementary School and Arroyo Seco Raquet Club. Please email for complete offering package.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 636 |
| 2+1 | 1 | - | 908 |
PROPERTY TAXES
| Parcel Number | 5313-010-056 | Improvements Assessment | $1,674,586 |
| Land Assessment | $1,114,268 | Total Assessment | $2,788,854 |
PROPERTY TAXES
