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932 Arroyo Dr 5 Unit Apartment Building $1,950,000 ($390,000/Unit) 3% Cap Rate South Pasadena, CA 91030
EXECUTIVE SUMMARY
This well-maintained multifamily building offers a stable asset in a city known for its top-tier schools, beautiful tree-lined streets, and strong community appeal.
The building overlooks the Arroyo and is adjacent to a small golf course, tennis courts, parks and hiking and walking trails.
Walk to South Pasadena's charming Mission Street, with its array of shops, cafes, and restaurants.
Excellent public transportation access, including the Gold Line Metro, providing a direct link to Downtown Los Angeles.
The building overlooks the Arroyo and is adjacent to a small golf course, tennis courts, parks and hiking and walking trails.
Walk to South Pasadena's charming Mission Street, with its array of shops, cafes, and restaurants.
Excellent public transportation access, including the Gold Line Metro, providing a direct link to Downtown Los Angeles.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $390,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3% | Building Size | 4,018 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 95% |
| Gross Rent Multiplier | 18.33 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R31, South Pasadena | ||
| Price | $1,950,000 |
| Price Per Unit | $390,000 |
| Sale Type | Investment |
| Cap Rate | 3% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 18.33 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,018 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | R31, South Pasadena |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 5313-010-059 | Improvements Assessment | $279,825 |
| Land Assessment | $307,257 | Total Assessment | $587,082 |
PROPERTY TAXES
Parcel Number
5313-010-059
Land Assessment
$307,257
Improvements Assessment
$279,825
Total Assessment
$587,082
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932 Arroyo Dr
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