777 N Los Robles Ave | Pasadena, CA 91104
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- LoopNet Team
777 N Los Robles Ave
Pasadena, CA 91104
6.6% CAP Rate & 8.8% Proforma CAP · Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- Whopping ±6.6% CAP Rate and over ±8% Proforma CAP RATE (Buyer to verify); One of the HIGHEST CAP Rate offering in Pasadena and West San Gabriel Valley
- Good location several blocks north of Old Town Pasadena and across from a local elementary school
- Recently updated building with many recent CAPEX and 4 units have been fully upgraded.
- Easy to rent apartment investment in a high demand for rental area.
- Excellent CASH Flow and/or Cash-on-Cash return with real estate advantage (appreciation, rent increase, and tax depreciation)
- Colonial revival architectural style with charming characters – NOT HISTORICAL (buyer to verify)
PROPERTY FACTS
| No. Units | 11 | Building Size | 8,516 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1910/2023 |
| Building Class | C | Parking Ratio | 1.8/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | PSR1 | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 8,516 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2023 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | PSR1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 500 |
| 1+1 | 7 | - | 610 |
| 2+1 | 2 | - | 700 |
PROPERTY TAXES
| Parcel Number | 5725-028-025 | Improvements Assessment | $725,220 |
| Land Assessment | $1,692,180 | Total Assessment | $2,417,400 |
PROPERTY TAXES
Parcel Number
5725-028-025
Land Assessment
$1,692,180
Improvements Assessment
$725,220
Total Assessment
$2,417,400
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