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60 El Nido Ave
Pasadena, CA 91107
5% CAP south of 210FWY and Colorado Blvd · Multifamily Property For Sale
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14 Units
Investment Highlights
- Excellent location South of 210 FWY and South of Colorado Blvd in core Pasadena; Arcadia Adjacent location
- Highly desirable garden style layout! 6 out of 12 units (50%) have been completely upgraded with high-end finishes.
- Good bones with future potential of higher rents or future development potential
- Excellent demographics with ±$159,000 AHH Income (1-mile radius)
- Combination of Four single-story Duplexes, and a two-story fourplex; No shared wall between 8 units in the four duplexes
- Attractive CAP Rate (with to-be-built ADUs included) for the location quality and asset quality
Property Facts
| No. Units | 14 | Building Size | 6,746 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1946 |
| Building Class | C | Parking Ratio | 1.78/1,000 SF |
| Lot Size | 0.45 AC | ||
| Zoning | R3 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 6,746 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1946 |
| Parking Ratio | 1.78/1,000 SF |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 600 |
| 1+1 | 10 | - | 500 - 900 |
Property Taxes
| Parcel Number | 5754-006-018 | Improvements Assessment | $2,049,588 |
| Land Assessment | $1,352,520 | Total Assessment | $3,402,108 |
Property Taxes
Parcel Number
5754-006-018
Land Assessment
$1,352,520
Improvements Assessment
$2,049,588
Total Assessment
$3,402,108
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