405 N Mentor Ave
Pasadena, CA 91106
Mentor Apartments · Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 3,808 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1908 |
| Building Class | C | Parking Ratio | 2.1/1,000 SF |
| Zoning | PSR4 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,808 SF |
| No. Stories | 2 |
| Year Built | 1908 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | PSR4 |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Deck
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
About 405 N MENTOR AVE , PASADENA, CA 91106
405 N. Mentor Avenue offers investors the unique opportunity to acquire an 8-unit, garden-style apartment complex in the city of Pasadena. Walking Distance to the Gold Line’s Lake Station, shopping, banks, and restaurants, the property is ideally located. The property offers a diverse unit mix of (3) studio apartments of ± 365 sq.ft., (1) studio + loft of ± 250 sq.ft., (2) one-bed/one-bath of ± 500 sq.ft., (1) two-bed/one-bath unit of ± 700 sq.ft., and (1) two-bed/one bath + loft of ± 750 sq.ft. The asset is comprised of two wood frame buildings, 407 N. Mentor in the front and 405 N. Mentor in the rear. Built in 1908, the 407 building is two-stories in the front and one-story in the rear (the rear portion was built in 1954). The building’s roof is pitched composition shingle and has a raised foundation that is reinforced and bolted. Other upgrades include a new service panel, new electric wiring & subpanels, and new copper plumbing. In addition, there are solar water heater panels and approximately a 600 sq. ft. basement with exterior entrance. The rear building 405, is a one-story, raised foundation with pitched composition shingled roof. This building has new electrical service panels, and a raised deck in front. There are many exterior improvements and period details in the units. Do not disturb tenants. Tenants do not know property is for sale.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,025 | 250 - 365 |
| 1+1 | 2 | $1,438 | 500 |
| 2+1 | 2 | $1,638 | 700 - 750 |
Property Taxes
| Parcel Number | 5732-017-027 | Improvements Assessment | $1,093,645 |
| Land Assessment | $1,312,373 | Total Assessment | $2,406,018 |
Property Taxes
