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714 Prospect Ave
South Pasadena, CA 91030
10u Value add in South Pasadena, Class A Loc. · Multifamily Property For Sale
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10 Units
Investment Highlights
- EXCEPTIONAL LOCATION: right off Mission Street Downtown District; walking distance to almost ALL amenities in the City of South Pasadena (shopping &
- South Pasadena School District; NO LOCAL Rent Control (AB1482 Statewide) | Good rental upside potential, and No On-site manager is required
- Excellent unit mix with large 2-bedroom and 1-bedroom units | Pride-of-Ownership, very well-maintained property with an excellent curb appeal
- Long-time owner for more than 30 years | SUPERB demographics: Average household income ±$140,474 within a mile radius
- South Pasadena Downtown District, Minutes away from Old Town Pasadena and Rose Bowl | HIGH walk score of 89 out of 100 (“Very Walkable”)
- Many recent capital improvements: new roof, copper plumbing, 4 new central A/C system, 8 units have been renovated and upgraded with dishwashers
Property Facts
| No. Units | 10 | Building Size | 9,704 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2020 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Lot Size | 0.28 AC | ||
| Zoning | R2 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 9,704 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2020 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | R2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
Property Taxes
| Parcel Number | 5315-017-007 | Improvements Assessment | $2,777,868 |
| Land Assessment | $1,851,912 | Total Assessment | $4,629,780 |
Property Taxes
Parcel Number
5315-017-007
Land Assessment
$1,851,912
Improvements Assessment
$2,777,868
Total Assessment
$4,629,780
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