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642 N Orange Grove Blvd
Pasadena, CA 91103
1-mile from Rose Bowl and Old Town, 4.87% CAP · Multifamily Property For Sale
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10 Units
Investment Highlights
- Strategic Location ±1 mile from Rose Bowl area; Less than a mile from Old Town Pasadena!
- Arguably one of the lowest priced per unit for an upgraded apartment in desirable part of Pasadena
- Excellent amenities: new fence and parking gate, new privacy tall hedges, extra laundry room, upgraded units
- Close to 5% Current CAP Rate and over 6% Proforma CAP Rate; Excellent cash-flow and stable multifamily investment in good location of Pasadena
- ALL 2Bed+1Bath units, Easy to rent location with full occupancy
- Individually metered for electricity and gas, double pane windows, ample parking – no soft-story parking retrofit is required
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 | - | 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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