531 Prescott St | Pasadena, CA 91104
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531 Prescott St
Pasadena, CA 91104
20-Units Pasadena/6.69% CAP Rate/9.59 GRM · Multifamily Property For Sale
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20 Units
Investment Highlights
- Market Rents of $1,575 Already being Achieved
- Meticulously Maintained Turn-Key Property
- Quadrennial Inspection Passed
- $176,250 Cost Per Unit
- Gated Community Located in a Quiet Residential Neighborhood
- New Roof in 2021
Property Facts
| No. Units | 20 | Building Size | 20,000 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1914/1965 |
| Building Class | C | Parking Ratio | 1.36/1,000 SF |
| Lot Size | 0.33 AC | ||
| Zoning | PSC6 - Comprehensive Business Development | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1914/1965 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | PSC6 - Comprehensive Business Development |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Office
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 19 | $1,201 | 250 - 350 |
| 2+2 | 1 | $3,700 | 2,000 |
Property Taxes
| Parcel Number | 5730-001-023 | Improvements Assessment | $638,320 |
| Land Assessment | $2,321,170 | Total Assessment | $2,959,490 |
Property Taxes
Parcel Number
5730-001-023
Land Assessment
$2,321,170
Improvements Assessment
$638,320
Total Assessment
$2,959,490
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