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616 Prospect Ave
South Pasadena, CA 91030
Multifamily Property For Sale
·
10 Units
Investment Highlights
- 10-unit multifamily asset
- ~0.34-acre lot
- Value-add potential through renovations and rent growth
- Large unit count for submarket
- Strong South Pasadena location
- Stable long-term ownership history
Property Facts
| No. Units | 10 | Lot Size | 0.35 AC |
| Property Type | Multifamily | Building Size | 8,800 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.82/1,000 SF |
| Zoning | R3, South Pasadena - Zoning: SPR3* Multifamily residential zoning (medium density) Allows apartment use (5+ units confirmed existing use) | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 8,800 SF |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | R3, South Pasadena - Zoning: SPR3* Multifamily residential zoning (medium density) Allows apartment use (5+ units confirmed existing use) |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 700 - 900 |
| 2+2 | 3 | - | 900 - 1,400 |
| 1+1 | 2 | - | 700 |
Property Taxes
| Parcel Number | 5315-016-005 | Improvements Assessment | $745,738 |
| Land Assessment | $1,812,085 | Total Assessment | $2,557,823 |
Property Taxes
Parcel Number
5315-016-005
Land Assessment
$1,812,085
Improvements Assessment
$745,738
Total Assessment
$2,557,823
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