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537 Catalina Ave
Pasadena, CA 91106
5-u Prime Value Add near Old Town, Great Mix · Multifamily Property For Sale
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5 Units
Investment Highlights
- Excellent location minutes away from Old Town Pasadena, Rose Bowl, and FWY 210; a block from Lake Ave
- Value add apartment with ±31% potential upside
- Excellent demographics with ±$96,409 average household income in a 1-mile radius
- NO LOCAL rent control; AB1482 rent increases (5% + CPI); Garage parking in the back (no soft story retrofit required)
- Quiet community with an excellent curb appeal and a well-manicured landscaping; Excellent unit mix with ALL are 2bedroom units
- Individual water heater, separately metered for electricity and gas, seller own laundry machines
Property Facts
| No. Units | 5 | Building Size | 3,696 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1954/2022 |
| Building Class | C | Parking Ratio | 1.35/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | PSR3 - Limited Density Multiple Residence | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,696 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2022 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | PSR3 - Limited Density Multiple Residence |
Amenities
Unit Amenities
- Heating
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
Property Taxes
| Parcel Number | 5732-014-038 | Improvements Assessment | $1,273,449 |
| Land Assessment | $848,966 | Total Assessment | $2,122,415 |
Property Taxes
Parcel Number
5732-014-038
Land Assessment
$848,966
Improvements Assessment
$1,273,449
Total Assessment
$2,122,415
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