400 S Mentor Ave | Pasadena, CA 91106
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- LoopNet Team
400 S Mentor Ave
Pasadena, CA 91106
21 Units | Steps from Caltech Campus · Multifamily Property For Sale
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21 Units
INVESTMENT HIGHLIGHTS
- First Time Ever on Market - Seller's Father Built Property in 1966
- Huge Value Add Potential | 26% Upside in Rents
- Steps from Caltech Campus
- Priced Below Replacement Cost
- Ideal Property for 2 Detached ADUs
- Excellent Location - "Walker's Paradise" - Walk Score of 95
PROPERTY FACTS
| No. Units | 21 | Lot Size | 0.53 AC |
| Property Type | Multifamily | Building Size | 24,827 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | B | Parking Ratio | 0.97/1,000 SF |
| Zoning | PSR4 | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.53 AC |
| Building Size | 24,827 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | PSR4 |
AMENITIES
UNIT AMENITIES
- Balcony
- Patio
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,580 | 976 |
| 1+1 | 2 | $1,740 | 857 |
| 1+1.5 | 5 | $1,902 | 848 |
| 2+2 | 12 | $2,346 | 1,199 |
PROPERTY TAXES
| Parcel Number | 5735-029-024 | Improvements Assessment | $2,601,000 |
| Land Assessment | $5,202,000 | Total Assessment | $7,803,000 |
PROPERTY TAXES
Parcel Number
5735-029-024
Land Assessment
$5,202,000
Improvements Assessment
$2,601,000
Total Assessment
$7,803,000
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