642 N Orange Grove Blvd | Pasadena, CA 91103
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- LoopNet Team
642 N Orange Grove Blvd
Pasadena, CA 91103
10u Turnkey Units & 3u ADU Potential · Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- High current cap rate 4.85% in Pasadena
- Turnkey apartment with 9 of the units fully renovated including in-unit laundry
- Excellent location within close proximity to Old Town Pasadena, Rose Bowl, Pasadena City College etc.
- Ideal unit mix of 10 two-bedroom/ one-bathroom units
- Property extensively upgraded with copper plumbing, lush landscaping, wood fences, and gated parking
- Potential for adding up to 3 accessory dwelling units (ADU)
PROPERTY FACTS
| No. Units | 10 | Building Size | 5,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2022 |
| Building Class | C | Parking Ratio | 1.85/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | R3 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2022 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Double Pane Windows
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | $2,018 | 540 |
PROPERTY TAXES
| Parcel Number | 5726-012-032 | Improvements Assessment | $1,387,200 |
| Land Assessment | $2,080,800 | Total Assessment | $3,468,000 |
PROPERTY TAXES
Parcel Number
5726-012-032
Land Assessment
$2,080,800
Improvements Assessment
$1,387,200
Total Assessment
$3,468,000
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